Staff Reporter
DBS Hong Kong has sufficient buffers for property downsides
DBS Hong Kong has sufficient buffers for property downsides
The bank is expected to maintain strong capitalisation and profitability.
Financial services industry sees shift to digital, partnership-led business models, says PwC Partner
Industry innovations have become increasingly focussed towards customer centricity amidst keeping pace with evolving needs.
China’s XTransfer gains in-principle approval for Singapore MPI license
XTransfer plans to launch e-business wallet services in the Lion City.
SG’s Maribank names ex-Trust Bank exec as new CEO
Natalia Goh takes over from Zheng Yudong, who will remain an advisor.
Philippine remittances up 3.7% to $2.88b in May
Cumulative personal remittances rose by 3% during the month.
Indonesia and South Korea to enhance cross-border payments
The central banks expect that it will promote digital economy and benefit the tourism sector.
South Korean banks’ bad loans sees uptick in May
The delinquency rate stood at 0.51%, 0.03ppt higher than in April.
Banks to log $82b losses in 2024: S&P
This is due to credit costs normalisation and not asset problems.
India mandates banks to issue fraud notices: report
The time allotted to respond should not be less than 21 days.
Krungsri sees FX profits rise 21% in Q1
Digital FX transactions is 64% higher year-to-date.
EXIM Thailand inks MOU to support foreign investments
The bank will give special offers, such as special interest rates, to entrepreneurs.
Great Eastern halts trading of its shares in SGX
This follows OCBC's increased shareholding in the insurer.
Bangkok Bank launches scan-to-pay shortcut
Over 68 million transactions were made using this function in May 2024.
Siam Commercial Bank names new wealth management head
He is tasked with driving SCB’s goal to be the #1 digital bank in WM.
Hong Kong Mortgage Corp names Colin Pou as new CEO
Pou, who is an executive director at HKMA, will be seconded to HKMC.
Philippine banks’ extended 10.1% more loans in May
Loans to residents rose 10.2% and consumer loans jumped 25.6%.
BNP Paribas, Ant Int’l ink MOU to enhance cross-border payments
The MOU includes the further development of Ant’s Whale platform.
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1. BSP offers loan relief measures to ease energy price pressures 2. Malaysia finance firms see AI ambitions falter as legacy systems block progress 3. HSBC to roll out HKD-denominated stablecoins in H2 2026 4. Affin Bank sees AI reshaping Malaysia wealth advisory over next 3 to 5 years 5. Bank of Singapore names Vi Sun Yang as head of ASEAN private bankingResource Center
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