News
Philippine-based Netbank launches all-in-one financial app for overseas workers
Philippine-based Netbank launches all-in-one financial app for overseas workers
Filipino foreign workers can remit and send money to the Philippines at a lower cost.
Lockdowns threaten Chinese banks' loan quality: analyst
Exposure to the ‘vulnerable’ engineering & construction sector could deteriorate asset quality.
Chart of the Week: Mobile wallet payments pick up pace in South Korea
High smartphone and internet use drive its use.
APAC card market to grow 13.7% in 2022
China remains king of the credit and charge card market in the region.
Mizuho taps Deloitte partner as new exec, deputy compliance officer
The appointments are effective 1 June.
Singapore fintech talents record 2nd highest turnover rate globally: study
Beyond attractive compensation, fintechs should also emphasise wellbeing, flexiwork.
Mastercard forms Greater China Division
Greater China Division President Dennis Chang will serve as its head.
Citi Global Wealth appoints new COO
Valderrabano worked with Coca-Cola prior to joining Citi.
Malaysia’s new digital banks fated to remain niche in medium term
Regulatory limits and competition make it unlikely to break into the mainstream until 2026.
Thailand bank loans up 6.9% in Q1
Corporate loans continue to grow whilst consumer loans slowed amidst the Omicron outbreak.
Digitalisation vs digitisation: How they differ in transforming the banking industry
Citi laid out its digital transformation story as an example of how banks have evolved.
DBS to launch 5 partnerships to enhance SMEs’ digital supply chain capabilities
SMEs from Singapore, Hong Kong, China, Indonesia, and India will benefit.
Weekly Global News Wrap: Deutsche Bank not financing $3.5b Africa oil pipeline; Berkshire Hathaway bets $2.9b on Citi
And Goldman Sachs reach a $79.5m shareholder settlement over 1MDB fiasco.
HDBank signs MOU with IFC to build supply chain finance portfolio
HDBank hopes to build a supply chain finance portfolio of $1b over the next three years.
South Korean banks’ household lending rise in April
Corporate lending rose to its second-highest monthly figure ever.
UOB signs MOU with Korean Housing Finance Corp
UOB will support KHFC’s bid to expand in Southeast Asia.
Southeast Asia’s $290b Islamic bank market poised for growth: S&P
In Malaysia, Islamic banks may account as much as 45% of the commercial loan book.
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1. Sea rebrands digital finance business SeaMoney to Monee 2. UOB maintains profitability despite possible slower loan growth 3. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 4. Malaysia’s development banks told to plug lending gap for MSMEs 5. Vietnam’s finance sector faces digitalisation challenges despite eased regulationResource Center
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Nonbank lenders are now providing capital even to low-risk corporate clients.
Commentary
Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?
The Asian connection: China's path to sustainable growth