Frances Gagua
MAS did not direct banks to 'avoid discussing origins of wealth inflows': PBIG
MAS did not direct banks to 'avoid discussing origins of wealth inflows': PBIG
PBIG said that the sources of wealth inflows into Singapore “remain diversified.”
Standard Chartered, IFC ink $700m investment to boost global trade
Since 2009, the programme has supported over $20.5b worth of transactions.
Japan Post Bank maintains strong liquidity in 2023, but profits still weak: Moody’s
Diversifying its bond portfolio will improve profits but exposes it to more risk.
MUFG halfway to its 2030 sustainable finance target
The bank has funded JPY19.4t as of 2022, over halfway to its JPY35t target by 2030.
CIMB on track to realise sustainability goals
The bank doubled its sustainable finance target after achieving the initial target in 2022.
Hang Seng Bank adjusts weekday service hours of physical branches
Branches are open from 9AM to 5PM on weekdays.
Singapore ready to provide liquidity to keep financial system stable: MAS
Minister Shanmugaratnam assured that the central bank conducts annual stress tests.
OCBC NISP allocates $87.5m of 2022 net profits as cash dividend
The bank’s annual general meeting of shareholders saw changes made to its board of directors.
Digital wallets on track to be Singapore’s top online payment method by 2026
BNPL is set to surpass US$1b in transaction value by 2026.
Filipinos spent over 4 million hours using e-wallets in 2022: study
The country’s growing population will push the active user base higher.
Cambodia’s Phillip Bank teams up with property development Sarita Waterside
Foreign investors can enjoy a buy back option when purchasing villas at Sarita Waterside.
Hang Seng Bank names Cheung Ka Ki as head of corporate governance
Cheung is also the new company secretary beginning 17 April.
Weekly Global News Wrap: Credit Suisse chairman apologises to shareholders; EU banks must be “conservative” with dividends, payouts
And JPMorgan Chase & Co CEO Jamie Dimon said banking crisis not yet over.
Revenue pressures to weigh on Chinese banks in 2023
Loan growth will remain tepid at 11%.
CCB Asia, FWD launch enhanced bancassurance service with Open API
Customers can receive approval for their insurance policies in as fast as 1 working day.
MUFG Bank invests over $230m in Indian fintech DMI Finance
It has serviced over 11 million customers as of end-2022.
Mitsubishi UFJ postpones AT1 bond issuance after Credit Suisse wipeout: report
It plans to issue by late April or mid-May instead, according to a spokesperson.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. HSBC Singapore unveils wealth centre at The Star Vista mall 4. UOB inks MOU with Accenture for AI adoption and application 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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The Asian connection: China's path to sustainable growth