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PAObank, Mybooster launch cross-border e-commerce revolving loan
PAObank, Mybooster launch cross-border e-commerce revolving loan
It offers funding of up to $5m, with tenor extending up to six months.
Dah Sing Bank warns against fake website
The bank has reported the incident to the Hong Kong Monetary Authority.
Johor-Singapore economic zone seen attracting regional firms: OCBC
In 2024, OCBC supported about 260 new mid-sized enterprises to set up shop in Malaysia.
Nanyang Commercial Bank warns against fraudulent websites
It has reported the case to authorities.
HSBC clinches Citi banker to head int’l wealth hub in Singapore
Chin brings 22 years of experience in wealth management and retail banking.
Malaysian banks’ earnings growth to moderate from slower NII growth
Loan growth is expected to recover thanks to more business loans.
BEA teams up with GRCB to expand WMC southbound business
GRCB is BEA’s first WMC partner bank outside the BEA group.
Thailand tightens anti-money laundering measures after UN report
An OHCHR report alleged that Thai FIs provided services for arms procurement.
Financials sector tops Asia Pacific ex. Japan M&A: LSEG
Industrials and high technology sectors were also active in 2024
APAC investment banking fees drop to lowest in 5 years
Its total ECM underwriting fees were its lowest since 2013.
Japan, the Philippines renew bilateral swap agreement
The size of the BSA remains unchanged: $12b for the Philippines and $500m for Japan.
Over 3 in 4 Visa payments in Vietnam are contactless
Over 4 in 5 in Vietnam named mobile wallets as their preferred payment method.
Malaysian private sector loans rose by 5.4% in Nov
Corporate bonds grew whilst business loan growth was unchanged.
OCBC launches bespoke tokenised bonds for corporate investors
They can subscribe to tokens at S$1,000 denominations, for example.
BDO names Jeffrey Alejandro as chief audit executive and IAG head
He worked for ING Bank NV and Citibank NA previously.
UnionBank names Vivian Perez as financial risk and performance head
The appointment was effective 2 January 2025.
RBI lifts lending restrictions of Arohan Financial Services Limited, Kolkata
The company initiated remedial action and submitted its various compliances to the central bank.
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1. Singapore banks introduce safeguard for large digital withdrawals 2. Singapore banks lead globally in AI use for financial crime compliance 3. SMBC Group establishes offshoring hub in Chennai, India 4. Private lenders step in as Hong Kong banks cut real estate loan growth 5. CIMB unveils new wealth management platform in MalaysiaResource Center
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Asian Banking & Finance Retail Banking Awards 2025 Winner: Kwong Wah Eric Fan of Shanghai Commercial Bank
Kwong Wah Eric Fan of Shanghai Commercial Bank highlights how the company drives fintech growth through digital transformation.
Commentary
Electronic trading proves its strength in times of volatility