Staff Reporter

MAS to test purpose-bound digital SGD

This can be used in government and commercial vouchers, amongst others.

Bank of China HK joins pilot programme to trial use of digital currencies

BOCHK has completed real-value cross border trade of central bank digital currencies.

BDO Unibank soars at the Asian Banking and Finance Awards 2022

Its commitment to empowering clients and enhancing their wealth amidst uncertainties has become evident with its recent innovations.

UOB’s net profit soars 34% YoY in Q3

The increase was driven by strong net interest income amongst others.

Central bank proposes to regulate stablecoins, add rules for DPT providers

It seeks to prevent consumer harm from cryptocurrency trading.

Citi Hong Kong launches 2022 Citi Tax Season Loan

Customers can loan up to HK$2m or 12 times their monthly salary.

Citi launches digital proxy voting service in Australia, New Zealand

Investors can vote and receive confirmation in real-time.

Hang Seng Bank, QFPay HK offers faster loans to SMEs

SMEs need only share their commercial information in the Commercial Data Interchange.

Vietnam’s card payments market to hit $37.6b in 2022

The government’s cashless payments push is helping the market.

Kotak Mahindra Bank’s profits up 27% in Q2

It has over 36.6 million customers as of end-September.

ICICI Bank net profit up 31% to $929m in Q2

Its loan portfolio also grew 23% compared to the same quarter last year.

BNPL code launched, outstanding payments limited to S$2,000 without credit assessment

Consumers are now entitled to make full repayment without early repayment fees. 

1 in 3 private home mortgages under a floating rate: MAS

For HDBs, that’s just 1 in 5 loans extended by financial institutions.

OCBC appoints Sunny Quek as head of global consumer financial services

He will lead the bank’s banking and wealth business in Singapore.