Foreign Exchange
Hong Kong boosts role as renminbi centre for China
Hong Kong boosts role as renminbi centre for China
Hong Kong banks will encourage customers engaged in trade between Hong Kong and Mainland China to settle trade transactions in renminbi.
Philippines GIR for end-May at US$39 billion
The Philippines' gross international reserves as of end-May stood at US$39.319 billion, higher by US$3 million from the previous month’s level.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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Why high capital levels are a double-edged sword for Singapore banks