News
Malaysia’s Public Bank raises lending rate by 0.25%
Malaysia’s Public Bank raises lending rate by 0.25%
The new base rate will be 2.25%, and base lending rate at 5.72%
Public Bank is increasing its Base Rate (BR), Base Lending Rate (BLR) / Base Financing Rate (BFR) by 0.25%, effective 13 May.
The bank’s new BR will be at 2.52% from 2.27%, whilst the BLR/BFR will be at 5.72% from 5.47%.
The bank’s fixed deposit rates will also be increased by 0.25% across all tenures.
The move came following Bank Negara Malaysia’s Overnight Policy Rate (OPR) hike by 25 basis points from 1.75% to 2.00% on 11 May.
Citi Hong Kong launches program for women seeking work after career break
Successful candidates will be placed in a range of roles based on experience and skill set.
Barclays appoints Hossein Zaimi as head of markets APAC
He spent 17 years in HSBC prior to joining Barclays.
ABF partners with TIBCO in roundtable talks on use of agile data fabrics for FSIs
TIBCO will discuss how to build agile data fabrics to improve growth and competitiveness.
Payments platform YouTrip unveils YouBiz offering zero FX fees and unli cashback
YouBiz is also launching a credit facility offering flexible financing to SMEs.
Less payment delays, longer overdue payments in China
9 in 13 sectors reported an increase in payment delays.
Standard Chartered opens US$40m Greater Bay Area Centre in Guangzhou
More than 700 employees are now based in the GBA Centre.
DBS, Shenzhen Rural Commercial Bank to offer Wealth Mgmt Connect Southbound services
DBS Hong Kong said that 80% of WMC Southbound service clients are new customers.
Alternative payments disrupt Philippines’ e-commerce payment market
GCash is king in the country.
Airwallex rolls out virtual borderless card in Singapore
Businesses will be able to transact in more than 140 currencies and wherever Visa is accepted.
Malaysia grants five digital bank licenses
Two will be Islamic digital banks.
HSBC unveils Well+, incorporates banking and insurance in one platform
Customers can earn rewards of up to $2,000.
RHB, Boost secure Malaysian digital bank license
Boost will own 60% of the digital bank whilst RHB will own 40%.
DBS, Xero simplifies SMEs loan application with data-sharing partnership
Xero customers now has the option of sharing their transaction records to DBS.
South Korean banks’ interest rates rise to eight year-high: report
The rising rates have spawned worries in households' repayment abilities.
UOB profits down 11% to S$906m in Q1 amidst market volatility
Loan fees grew, but credit card and wealth fees recorded declines.
OCBC reports S$1.36b net profit in Q1
Profits were 10% lower than last year, but 39% higher than Q4 2021.
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