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ADB, UN ESCAP boost partnership amidst pandemic
ADB, UN ESCAP boost partnership amidst pandemic
The two organisations will work together to address COVID-caused issues in Asia.
South Korea's fiscal stimulus to carry lasting headwinds
It will reduce loan defaulting, but also loosens credit standards.
Finance firms must prepare for extended period of risk management: MAS
Close to 85% of the financial industry worked from home during the circuit breaker.
Weekly Global News Wrap: Morgan Stanley shunned by Aramco for advisory role; JP Morgan, Barclays settle Mexico bond lawsuit
And Credit Suisse shrugs off oil & gas exposure.
CIMB Singapore customers band together to protest mortgage hike
More than 60 customers now comprise the group.
Chinese regulator's MSE loans buy won't help regional banks' capital
But ChongQing Rural Commercial Bank and Bank of ChongQing will slightly benefit.
Risk-averse investors push Singapore bank deposits up
Foreign currency deposits skyrocketed to $19b (S$27b) in April.
Personal loans, NBFCs anchor surge in Indian outstanding bank credit
Both segments comprised 73% of incremental credit in April.
China shuns ‘clean coal' in new green financing guidelines
Billions of yuan have been used in green financing of coal-related projects.
Indian credit demand surges but recovery still far ahead
Gross non-performing loans drove the increase in credit.
Indonesian banks face aggravated headwinds as pandemic grows
Restructured loans have grown considerably and will increase further.
ADB inks $300m loan to boost Indonesia's geothermal capacity
It will support the construction and commissioning of two geothermal plants in Java.
Malaysian firms lose 40% of new accounts as locals look to open online
Only 6-9% of customer finish applying for a non-fully digital account opening service.
Singapore's circuit breaker spells downturn in loan growth
Consumer loans were mostly affected, shrinking 0.9% MoM, OCBC said.
India may inject almost $20b into state-owned banks
A final decision could be made in H2 of India’s fiscal year.
Singapore big three's total dividends to decline 3.1% in 2020
UOB is expected to suspend its special dividend for the fiscal year.
Hong Kong finance firms lead in AI deployment
58% of financial firms in the city will utilise AI next year.
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1. HSBC GPB appoints Ann Ling as APAC head of wealth planning and advisory 2. Metrobank names Renato De Borja, Jr. as head of financial & control sector 3. PBCOM appoints new treasury trading team head 4. IndoStar gains approvals to sell Niwas Housing Finance for $203.7m 5. CommBank deploys AI-powered bots to fight scamsResource Center
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