Staff Reporter
Johor-Singapore economic zone seen attracting regional firms: OCBC
Johor-Singapore economic zone seen attracting regional firms: OCBC
In 2024, OCBC supported about 260 new mid-sized enterprises to set up shop in Malaysia.
Nanyang Commercial Bank warns against fraudulent websites
It has reported the case to authorities.
HSBC clinches Citi banker to head int’l wealth hub in Singapore
Chin brings 22 years of experience in wealth management and retail banking.
Malaysian banks’ earnings growth to moderate from slower NII growth
Loan growth is expected to recover thanks to more business loans.
BEA teams up with GRCB to expand WMC southbound business
GRCB is BEA’s first WMC partner bank outside the BEA group.
Thailand tightens anti-money laundering measures after UN report
An OHCHR report alleged that Thai FIs provided services for arms procurement.
Financials sector tops Asia Pacific ex. Japan M&A: LSEG
Industrials and high technology sectors were also active in 2024
APAC investment banking fees drop to lowest in 5 years
Its total ECM underwriting fees were its lowest since 2013.
Japan, the Philippines renew bilateral swap agreement
The size of the BSA remains unchanged: $12b for the Philippines and $500m for Japan.
Over 3 in 4 Visa payments in Vietnam are contactless
Over 4 in 5 in Vietnam named mobile wallets as their preferred payment method.
Malaysian private sector loans rose by 5.4% in Nov
Corporate bonds grew whilst business loan growth was unchanged.
OCBC launches bespoke tokenised bonds for corporate investors
They can subscribe to tokens at S$1,000 denominations, for example.
BDO names Jeffrey Alejandro as chief audit executive and IAG head
He worked for ING Bank NV and Citibank NA previously.
UnionBank names Vivian Perez as financial risk and performance head
The appointment was effective 2 January 2025.
RBI lifts lending restrictions of Arohan Financial Services Limited, Kolkata
The company initiated remedial action and submitted its various compliances to the central bank.
Taiwan, Lithuania ink MOU for financial services innovation
They agree to exchange information on emerging market trends and relevant regulatory issues.
MUFG Bank reorganizes overseas securities subsidiaries
Three securities firms will now become direct subsidiaries of the bank.