Staff Reporter
Financial regulators in ASEAN pledge to bolster partnerships, region to grow 4.5%
Financial regulators in ASEAN pledge to bolster partnerships, region to grow 4.5%
The ministers and governors discussed maintaining strategies amidst geopolitical tensions, debt, and sustainability hurdles.
The majority of Singaporean and Hong Kong youth believe that financial advice-seeking is beneficial
The study reveals that family comes in third most reliable source of financial advice.
Keppel, DBS join hands to scale up sustainable solutions in Asia
The partners will focus on India.
Strong income drives CIMB to a 26.2% net profit growth in H1
An interim dividend of 17.5 sen per share has been proposed.
Card payments in New Zealand to grow 6.5% in 2023:GlobalData
It will reach about NZ$102.4b.
Maybank’s first half profits surge 26% YoY
Its further expansion was dampened by a contraction in net fund-based income.
New Zealand banks to persevere amidst inquiry by Commerce Commission: S&P Global
The banks, Australia-owned, hold a total market share of 85%.
Foreign currency deposits push Hong Kong deposits to a 1.2% rise in July
Hong Kong dollar deposits dipped, whilst foreign deposits rose.
Chinese banks cut deposit rates: report
The banks cut deposit rates between 5 and 25 basis points.
MAS-licenced MoneyOwl to wind down financial advisory business
The company found that its advisory business is not financially viable.
Hong Kong has issued US$22b in green bonds: report
Proceeds for the bonds have been allocated or earmarked for green projects.
Hong Kong’s mortgage loans drop 18.2% in July: HKMA
Applications also fell to 8,086.
Mizuho Financial Group issues $817m green bond
Funds raised will be used to finance green projects, the group announced.
CITIC Limited reports $4.4b profit in H1
An EPS of RMB1.10 has been announced.
Statrys receives accolade at ABF Retail Banking Awards for comprehensive payment solution
It offers a wide range of services and boasts competitive exchange rates for FX services.
Virtual bank Trust turns one; 2.1 million transactions logged
The bank is giving away 100,000 bags of rice and doubling its referral rewards.
Alipay+, Malaysia’s PayNet ink deal for smooth digital payments
This further expands the regional cross-border digital payment plan of Alipay+.
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1. Mizuho to acquire majority of Upsider’s shares for $309.8m 2. Singapore launches electronic deferred payments to ease cheque phase-out 3. SMBC appoints Joy Kwek to lead capital markets & solutions in APAC 4. NAB invests $55m to upgrade over 100 branches across Australia 5. Airwallex gains capital markets services license in SingaporeResource Center
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