Frances Gagua
China’s financial sector may be hit by Zhongrong’s missed payments
China’s financial sector may be hit by Zhongrong’s missed payments
The ongoing property sector downturn poses a larger risk for the trust industry.
China state-owned banks to post ‘sharp’ revenue decline: report
Banks are battling lower lending rates, ongoing property woes, and low interest margin.
India’s card payments market to rise 28.6% to $337.1b in 2023
Consumers in India are increasingly embracing electronic payments, GlobalData said.
DLT, digital money rise as securities sector eye faster settlements
The move to T+1 has given birth to challenges in the securities ecosystem, said Citi.
Which countries charge the highest ATM withdrawal fees?
The Philippines is the most expensive place in Asia to withdraw cash via ATM.
Consolidation in the cards for Australia’s mutual lenders
Mutuals should scale back branch operations and invest in tech.
Gojek launch point rewards program with yuu, DBS
Users can earn up to 37 points for every $1 spent on Gojek rides.
DBS Hong Kong finalises HK$800m green loan with HSH
KPIs set include reduction in carbon intensity, increase in waste diversion rate, amongst others.
Bank of East Asia extends hours of Shenzhen Futian Port sub-branch
It is now open on Saturdays from 10 AM to 5PM.
KEB Hana Bank’s profits stable in 2023, but NIM to decline
It has improved its cost-to-income ratio and loan portfolio over the years.
RBI approves appointment of Axis Bank new executive director
The approval covers a period of three years beginning 17 August.
Double digit profit, loan growth in the horizon for Indonesia’s BCA
Net profit will rise by 21% year-on-year.
MAS in process of tracing funds, assets related to $1b money laundering case
MAS says it has been in touch with FIs where the potentially tainted funds.
Bangkok Bank clinches license to offer custody services in Vietnam
Services include receipt-delivery, settlement, and clearing, amongst others.
MUFG closes $50m Islamic green trade finance facility for Sime Darby Motors
Proceeds will be used for working capital needs related to EVs.
Hang Seng Bank warns of phishing emails, fake website
The bank reminded customers that it will never ask them to log in through embedded links.
RCBC net profit up 1.38% to $109.55m in H1
Earnings per share is PHP5.63 for the period.
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1. How Danantara’s plan to acquire BRIS will impact four Indonesian banks 2. SG digital banks expand into investments and loans to boost profits 3. MUFG invests in May Mobility for autonomous vehicle deployment 4. Singapore's banks leave more jobs unfilled as hiring slows 5. DBS partners with Austrade to help Australian companies expand into SEAResource Center
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
