Staff Reporter
Philippines central bank OKs use of international sim for GCash services
Philippines central bank OKs use of international sim for GCash services
The beta launch will be available for 1,000 users in Japan, Australia, and Italy.
Hang Seng Bank’s profits down 27% to HK$10.16b in 2022
The bank has announced a fourth interim dividend of HK$2 per share.
Judo Bank's rapid growth to continue despite inflation, competition
Competition and higher cost of funding are likely to curtail some margin benefit, says S&P.
Banks urged to integrate ESG data into IT systems: McKinsey
Banks must apply a use-case driven approach to introduce new ESG capabilities.
Hong Kong launches consultation for virtual asset trading platforms
The SFC is seeking views on whether to allow license platform operators to serve retail investors.
Cards maintain dominance in Hong Kong's payment landscape
Over nine in 10 consumers use cards as their payment method.
Korean banks' plan to boost shareholder returns won't affect profits
The regulator is expected to stop any excessive payments.
High interest, lower demand to temper Bendigo and Adelaide Bank’s loan growth
BEN saw its loan growth contract 1.1% in H2 2022.
Chart of the Week: Cards account for 51% of e-commerce payments in the Philippines
The Philippines’ e-commerce market grew by 31.3% in 2022
Rising mortgage prepayment trend pressures Chinese banks’ profits
Households are taking a more conservative stance on home loan leverage, noted Fitch Ratings.
BOCHK adds UBS green investment fund to mobile platform
The fund has a 6% per annum dividend distribution and allocated 20/80 in stocks and bonds.
Fintechs scale back and fold as funding channels dissipate
The high interest rate, low growth environment has made VCs and private equities more selective on where to invest
China’s reopening to boost Thai banks’ loan quality
The upsurge in tourism will spur the economy, and improve businesses’ repayment capabilities.
Taiwan’s FSC accelerates financial cybersecurity measures with new action plan
Some measures include appointing Chief Information Security Officers.
KBank named in Dow Jones Sustainability Indices for 7th straight year
KBank has also earned CDP A List from the Carbon Disclosure Project.
Weekly Global News Wrap: JPMorgan expects 20% revenue drop in Q1; CBA reports record profits
And Apple may look into into customers’ spending history, device ownership for BNPL services
DBS Digital Exchange's Bitcoin trading up 80% in 2022
The members-only exchange also doubled its customers during the year.
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