Staff Reporter
Australia proposes central clearing of bonds and repos
Financial regulators are inviting feedback to reassess its possible implementation.
Japan’s SMBC sets up private credit fund in Europe
The fund will focus on loan investments to middle market businesses.
PH banks report rise in household loan demand for Q2
Demand for both loans to households and enterprises rose, official data showed.
Philippine banks more wary of lending to companies
Borrowers’ net profiles and profitability reportedly deteriorated in Q2.
Eddie Yue reappointed chief exec of Hong Kong central bank
His annual fixed pay is $7.4m for the five-year term.
Ecosystem, data key for banks to keep up with disruptors
Banks must become the main choice of the customer, an analyst said.
ANZ China’s outlook stable amidst strategic position
It is expected to maintain its capital buffer over the next two years.
Indonesia’s new loans rise in Q2
New loan disbursements are expected to further grow in Q3.
Thailand and Japan renew bilateral swap agreement.
The size of the BSA remains at $3b or its equivalent in yen.
Philippine central bank achieves digital retail payments target
As of 2023, 52.8% of monthly retail payments are made digitally.
The Future of Payments: Ensuring Stability, Embracing Innovation
As technology continues to evolve, financial institutions must persist with refining seamless and secure payment experiences for consumers.
Singapore’s cash use in POS to fall at just 7% by 2027: study
E-wallets will become Singaporeans’ payment method of choice.
SCBX reports 15.6% net profit decline in Q2
Economic growth fell short of expectations, SCBX’s CEO said.
UOB names Susan Hwee as head of group retail
Eddie Khoo to retire; Lawrence Goh is new head of GTO.
UOB to see 200 tonne-reduction in CO2e emissions with DHL pact
UOB’s international parcel deliveries will now use sustainable aviation fuel.
CashOn launches digital currency lending matching platform in Hong Kong
CashOn connects customers to licensed financial institutions.
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Corporate acupuncture: How precision M&A is reshaping Asia’s competitive edge