Markets

Bank of Japan to buy $112.55b ETFs for COVID-hit firms

It will also create a loan programme to spur lending to COVID-hit firms.

Bank of Japan to buy $112.55b ETFs for COVID-hit firms

It will also create a loan programme to spur lending to COVID-hit firms.

Thai central bank to monitor US Fed rate cut

It is expected to further slash its benchmark interest rate of 1%.

HKMA cuts base rate to 0.86%

It had already slashed the rate to 1.5% earlier this month.

Singapore's central bank assures that local financial market is functioning normally

The regulator has left a higher level of liquidity in the banking system.

Australian central bank pumps $3.64b into the banking system

The amount was larger than the intended $1.5b (A$2.5b).

ADB temporarily closes headquarters due to COVID-19

A visitor reportedly tested positive for the coronavirus.

ASEAN lenders on the defense amidst oil volatility, COVID-19

Falling visibility is evident despite lower prices and stimulus measures.

Vietnam's e-commerce market to reach $17.3b in 2023

Total online spending doubled to $9.4b in 2019 from $3.9b in 2015.

COVID-19 spells slow loan growth, higher NPLs for Philippine banks

Credit growth will likely be down to 8-10% in 2020.

Asian Development Bank unveils new Singapore office

It comprises 12 specialists from ADB’s PSOD and Office of Public-Private Partnership.

Malaysia's latest OPR cut needed to cushion COVID blow

The central bank slashed OPR to 2.5% amidst the virus’ global and domestic impacts.

Solvency improvements threaten Vietnamese banks' strong 2019 performance

The State Bank of Vietnam is expected to allow Basel II banks to grow loans faster.

Philippine central bank to relax rules on ASF, COVID-hit banks

BSP may stagger booking allowance of credit losses and waive penalties.

Japan banks' profits, asset quality further battered by COVID-19 outbreak

Lower interest rates and higher credit costs spell more trouble.

Coronavirus outbreak pushes back funds for China's state finance firms

But they will continue to get government support given their involvement in public infrastructure.

Central bank's push for economic support a blow to Chinese banks

The PBOC has depended on banks for debt reprieve to virus-hit firms.