Staff Reporter

SMEs from Singapore, Hong Kong, China, Indonesia, and India will benefit.

And Goldman Sachs reach a $79.5m shareholder settlement over 1MDB fiasco.

HDBank hopes to build a supply chain finance portfolio of $1b over the next three years.

Corporate lending rose to its second-highest monthly figure ever.

UOB will support KHFC’s bid to expand in Southeast Asia.

 In Malaysia, Islamic banks may account as much as 45% of the commercial loan book.

The new base rate will be 2.25%, and base lending rate at 5.72%   Public Bank is increasing its Base Rate (BR), Base Lending Rate (BLR) / Base Financing Rate (BFR) by 0.25%, effective 13 May.   The bank’s new BR will be at 2.52% from 2.27%, whilst the BLR/BFR will be at 5.72% from 5.47%.   The bank’s fixed deposit rates will also be increased by 0.25% across all tenures.   The move came following Bank Negara Malaysia’s Overnight Policy Rate (OPR) hike by 25 basis points from 1.75% to 2.00% on 11 May. 

Successful candidates will be placed in a range of roles based on experience and skill set.

TIBCO will discuss how to build agile data fabrics to improve growth and competitiveness.

YouBiz is also launching a credit facility offering flexible financing to SMEs.

9 in 13 sectors reported an increase in payment delays.

More than 700 employees are now based in the GBA Centre.

DBS Hong Kong said that 80% of WMC Southbound service clients are new customers.

SS&C Blue Prism VP of financial services says this is an ‘interesting time’ for financial services firms.

GCash is king in the country.

Businesses will be able to transact in more than 140 currencies and wherever Visa is accepted.