Staff Reporter
Singapore in talks with banks to enhance financing schemes for businesses
Singapore in talks with banks to enhance financing schemes for businesses
Local companies have expressed concern on delayed and cancelled orders.
China’s property market stabilisation is good news for lenders
But regional banks will still struggle, as recovery of lower-tier cities is still “lagging.”
Bank Pembangunan appoints Maybank Islamic CEO as new chief
Dato’ Muzaffar Hisham is BPMB’s new group CEO.
Citi Services launches PayTo initiator for institutional clients
The bank’s clients can initiate account-to-account payments from the service.
Fintechs, banks unite for win-win
Changing markets are forcing them to forge mutually beneficial alliances.
Mizuho Financial Group’s profits rise to record high JPY885.4b in FY2024
Annual dividend is JPY140 per share.
Sumitomo Mitsui FG’s profit up 22.3% to $8.12b in FY2025
Its return on equity is expected to rise to 9% to 10% in the next five years.
Hang Seng Bank restructures business, will cut 1% of core staff: report
An earlier report said that the bank is cutting 10% to 50% of staff in some teams.
Hong Kong’s card receivables down 5.8% to $19.5b in Q1
Delinquent and rescheduled ratio was 0.42% as of end March 2025.
Philippine banks' lending grows at a slower pace in March 2025
Consumer loans grew 23.6% from more credit cards, motor vehicles, and general loans.
Bangkok Bank, Bangkok Life Assurance offer special deposit rate for life insurance customers
Its 2.5% per annum on top of the normal fixed deposit rates.
South Korea’s household loans rose KRW5.3t in April 2025
Household loans extended by banks rose at a faster pace compared to the previous month.
HSBC Global Private Banking names Kapil Khanna as desk head for three markets
Khanna was head of international investment counselling in HSBC.
Digital wallets dominate Singapore’s e-commerce payments value
Cards remain the top choice for point-of-sales (POS) spending, according to Worldpay.
Franklin Templeton gets approval to launch first retail tokenised fund in Singapore
Investors will be able to access the fund with a minimum investment of US$20.
Singapore banks deliver resilient Q1 earnings and reaffirms capital mgmt plans
Exposure to clients exporting to the US accounted for just 2% of loans.
Indonesian banks won’t be hit by export-related woes
Their exposure to export-oriented companies is small at 2.5%.
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