Southeast Asia

Thailand has been hit with weak economic growth, whilst

Philippine and Singapore banks will be key beneficiaries if rates are higher.

The bank aims to record a 10% profit increase this year.

This is 75% lower than the funding it got in 2022.

Sri Lanka’s political crises are receding; Vietnam will be lifted by higher loan growth

Singapore banks’ net interest margins have already peaked in 2024.

Both parties also reaffirmed their commitment to connect retail payments using QR codes.

Malaysia, the Philippines, and Indonesia are the most promising markets.\

Experts from McKinsey share five principles digital banks need to practice.

Small and medium enterprises will receive funding to aid in their sustainability reporting.

The platform aims to advance green financing. 

The scorecard offers actionable insights for MSMEs to enhance ESG credibility.

As Southeast Asia’s economies are becoming increasingly interconnected, there are plenty of opportunities for global firms to make cross-border payments seamless.

An estimated 480,000 payment touchpoints are involved.

The bank aims to grow its wholesale banking and retail banking businesses.

They discussed the use of AI to support the central bank’s work, amongst others.