Staff Reporter

ADB and GEAPP commit $35m towards clean energy

ADB and GEAPP commit $35m towards clean energy

The partnership targets to have clean energy access and transitions within South and Southeast Asia.

BPI launches refreshed mobile app

New clients can open an account within five minutes with just one valid ID.

MAS did not direct banks to 'avoid discussing origins of wealth inflows': PBIG

PBIG said that the sources of wealth inflows into Singapore “remain diversified.”

Standard Chartered, IFC ink $700m investment to boost global trade

Since 2009, the programme has supported over $20.5b worth of transactions.

Japan Post Bank maintains strong liquidity in 2023, but profits still weak: Moody’s

Diversifying its bond portfolio will improve profits but exposes it to more risk.

MUFG halfway to its 2030 sustainable finance target

The bank has funded JPY19.4t as of 2022, over halfway to its JPY35t target by 2030.

CIMB on track to realise sustainability goals

The bank doubled its sustainable finance target after achieving the initial target in 2022.

Singapore ready to provide liquidity to keep financial system stable: MAS

Minister Shanmugaratnam assured that the central bank conducts annual stress tests.

OCBC NISP allocates $87.5m of 2022 net profits as cash dividend

The bank’s annual general meeting of shareholders saw changes made to its board of directors.

Filipinos spent over 4 million hours using e-wallets in 2022: study

The country’s growing population will push the active user base higher.

Cambodia’s Phillip Bank teams up with property development Sarita Waterside

Foreign investors can enjoy a buy back option when purchasing villas at Sarita Waterside.

Hang Seng Bank names Cheung Ka Ki as head of corporate governance

Cheung is also the new company secretary beginning 17 April.

Delays in the Digitalisation of Asset Servicing Operations Lead to Financial, Reputation Losses

A range of industries has embarked on their digital transformation. In banking and finance, while payments and many customer-facing departments now offer digital banking services, many departments – such as asset servicing – continue to perform manual processes painstakingly.

Risk mitigation, the right partner is key to maximise efficiency, ROI

Whilst a large part of the banking and finance industry has embarked on its digital transformation, asset servicing operations – which include fund services, custody and accounting, outsourcing services, securities lending, payment of dividends, stock splits, tender offers, mergers and acquisitions, amongst others – continue to be driven by manual processes.

Central bank begins financial sector cloud resilience forum

The forum will discuss perspectives on appropriate public cloud risk management practices.