Frances Gagua
BEA raises standards savings rate to 0.875%
BEA raises standards savings rate to 0.875%
Its HK dollar prime rate has been increased to 6.125% per annum.
Bank of China (Hong Kong) adjusts HKD prime rate to 5.875%
The savings deposit rate will also be adjusted to 0.875% for accounts with a $5,000 balance and above.
Public-private cooperation and partnership are key to advancing CBDCs
Whilst the merits of CBDCs are still widely debated, central and commercial banks are actively exploring the use of CBDCs in local markets.
UOB net profit up 53% in H1; 85 cents interim dividend announced
Net profit was S$1.4b in Q2 when including the one-off Citigroup integration expenses.
StashAway, family office firm to offer clients with more investment options
ACP clients can invest in private equity managers such as KKR, SilverLake, and Khosla Ventures.
BigPay revamps mobile application interface
The redesign now features a floating navigation bar.
South Korean banks to maintain eased lending stance in Q3: report
There are less banks who will ease their lending stance compared to Q2 and Q1, however
How Asian Financial Services Providers Can Reach Gen Z
Being authentic, embracing social media, and tailoring products to this generation’s real needs can position firms for success.
Malaysia’s Public Bank extended $2.6b 'affordable home' loans in 2022
The bank has given out RM67b in commercial loans to Malaysian SMEs.
Chart of the Week: 1 in 3 online transaction in Australia use alt payments
The e-commerce market will be worth $51b in 2023, according to GlobalData.
Weekly Global News Wrap: UBS shoulders US$388m payment over CS’s Archegos ties; UK to meet with banks on account closures
US authorities tell banks to fix inaccurate financial statements.
Mizuho Bank highlights innovation in new corporate tagline
It comes after the Japanese megabank launches its new medium-term business plan.
Thai regulator warns of weakening debt serviceability, bond market
Slower-than-expected income recovery and rising cost of living are hitting households.
Bangkok Bank’s net profits surge by 52.2% in H1
This follows after a 36% increase in the bank’s net interest income during the period.
Korea’s Kyongnam Bank face rising loan risks from SMEs, real estate financing: analyst
Profitability is expected to decline slightly, but it should maintain sufficient capital buffer.
1 in 5 Thai banks’ restructured loans will go bad: analyst
SMEs will likely struggle to make payments as production costs squeezes profits.
Singapore banks face tepid loan growth; interest margins to peak in 2023
Banks may face some backsliding in its bad loans ratio, S&P’s Ivan Tan warned.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
