Staff Reporter
Japan and Indonesia renew their bilateral swap agreement
Japan and Indonesia renew their bilateral swap agreement
The size of the BSA is up to $22.76b or its equivalent Japanese yen.
Taiwan credit cards’ balance rose in August
But the amount of monthly retail sales was 7.96% lower than in July 2024.
SME loans in Taiwan rose in August
A total of NT$10.17t loans has been extended to SMEs.
Overseas Filipinos’ remittances up 3.3% to $3.2b in August
Cash remittances coursed through banks rose by 3.2% during the month.
Cambodia enables QR payments from foreign e-wallets through Alipay+
They can now make payments in over 1 million Cambodian merchants.
ING names Uday Sareen as APAC chief exec and head of wholesale banking
He first joined ING in 2007.
Singapore fintech funding down 10% to $208m in Q3
The drop is in line with overall tech startup funding in Singapore.
Hong Kong to rename ‘virtual banks’ to ‘digital banks’
The bank will set-out new guidelines shortly.
Citi names Hooi Wan Ng as head of markets for Malaysia
Ng joins from JP Morgan, where she had led the local markets and private side sales since 2011.
Citi poaches JPMorgan banker to lead FX institutional sales in 4 APAC regions
Anand Goyal will begin in December, and will be based in Singapore.
Public Bank's LPI Capital purchase may boost earnings, ROE
MGO is unlikely to be accepted by shareholders due to its ‘steep’ 25% price discount.
Citi, Mastercard launch global cross-border payments
It will be available in 14 markets worldwide, with plans for further expansion.
Why Philippine banks, insurers embrace hyper-personalized services
Industry experts push for the rapid progress of unified customer data as a starting point.
Citi launches Token Services for Cash for institutional clients
It is expected to facilitate multi-million dollar cross-border liquidity and payments.
Airwallex Capital launches Airwallex Yield for asset management
The service was first introduced in Australia.
Thailand’s Kasikorn Bank expects credit costs to normalize in 2025
The bank says that it will end its loan portfolio clean up this year.
Mizuho expands mid-term finance emission targets
The targets are aimed to be met by FY2030.
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