Markets

Woori’s billion-dollar insurance buys will have little impact on banking arm

Woori Bank is expected to maintain its asset quality, although NIM may narrow.

MUFG boosts energy market presence with trading approvals, stake buy

It has clinched approvals from TOCOM and the Japan Securities Clearing Corporation.

India warns against fraudsters’ posing as central bank employees

They would use fake letterheads or threaten to close bank accounts.

Malaysia’s central bank names new monetary policy committee member

Datuk Yogeesvaran Kumaraguru has been named an external member for a 2-year term.

OCBC tries to bridge benefit gap among Singapore’s realty agents

Its latest product offers financial benefits across banking, insurance and trading. 

Geopolitics, elections to take APAC banks in a “bumpy ride” in H2

Financial institutions are overall well-buffed against risks.

Cambodia, Philippines ink MOU for closer financial cooperation

Representatives participated in a bilateral meeting to discuss macroeconomic and financial developments.

Korea, Turkey renew bilateral swap agreement

The extension is effective for a period of 3 years beginning August 2024.

Thailand and Japan renew bilateral swap agreement.

The size of the BSA remains at $3b or its equivalent in yen.

PH central bank welcomes new anti-financial account scamming law

It authorises the BSP to investigate cases violating law, amongst others.

MUFG Bank invests in sustainable aviation fuel company

LanzaJet is reportedly planning to build SAF manufacturing plants in Japan.

Mizuho floats plan to establish securities company in China

The Japanese megabank said that authorities have officially received their application.

Taiwan banks show stable asset quality

Fitch sees a favourable outlook for Taiwanese banks in the next 2 years.