News
Chart of the Week: Pandemic spurs card payments growth in Singapore
Chart of the Week: Pandemic spurs card payments growth in Singapore
Backing from banks and merchants has made contactless payments mainstream.
Retail financing to anchor Malaysian Islamic banks amidst downturn
Financial growth will drop but will remain higher due to Islamic banking expansion.
Malaysia's need for financing will keep sukuk market afloat: Moody's
Sovereign sukuk issuance soared 39.2% on COVID-related budget pressures in H1.
Weekly Global News Wrap: Goldman Sachs cuts Q2 earnings for 1MDB settlement; Barclays probed for spying claims
And Revolut says losses more than tripled in 2019.
Hong Kong banks move to avoid US sanctions
At least one US bank has suspended accounts linked to affected officials.
Majority of Singaporeans now take professional financial advise: study
More than 80% said that they now prioritise seeking financial advice before a major decision.
Return of private placements boost Chinese regional banks' capital
They allow for tailored government participation in bank recapitalisation.
South Korean bond issuance soared 73.5% to $17.5b in July
This is due to higher sales of low-grade bond issues through private placement.
Hong Kong show growing preference for professional financial advice
But family remains the top source of advice amongst wealthy residents.
Hong Kong regulators pacify fears after US sanctions
"Unilateral sactions" has no legal status in the city, the HKMA said.
OCBC's H1 net profit plunges 42% to S$1.43b
Q2 group net profit picked up 5% from Q1 but crashed 40% from a year earlier.
Asian Banking & Finance Awards holds first ever digital awards presentation
More than 120 banks were awarded in this year’s programme.
DBS' H1 net profit nosedives 26% to S$2.41b
The bank has cast aside S$1.26b to bolster its balance sheet.
South Korea's FX reserves hit $417b at end-July
It reached a record-high in the value of non-dollar assets and investment return.
South Korea investigates freeze on Singapore-linked notes: reports
Regulators are reviewing at least $234m of securities.
Chart of the Week: Open banking behaviour strengthen in APAC
Around 30% said that they are open to sharing their data in relation to online purchases.
Japan's biggest banks on track to meet profit goals: report
MUFG, SMFG, and Mizuho Financial Group’s net profits totaled $3.7b in Q1.
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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. Barclays integrates Ant Int’l model to FX hedging platform 5. Malaysia’s development banks told to plug lending gap for MSMEsResource Center
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Industry experts discuss how to navigate Vietnam’s challenging digital landscape at the Asia Banking and Finance and Insurance Summit.
Commentary
Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?
The Asian connection: China's path to sustainable growth