Frances Gagua

UOB EVOL unveils feature for offsetting electric carbon footprint

Customers need only to charge their SP utilities bills to their UOB EVOL card.

BDO Capital Named as PH’s Corporate and Investment Bank of the Year for 5 Consecutive Years

BDO Capital & Investment Corporation (BDO Capital) has been recognized as the country’s Corporate and Investment Bank of the year for the 5th straight year at the Asian Banking & Finance Awards. BDO Capital’s remarkable achievement is a testament to its consistent excellence in delivering best-in-class investment banking services across various product lines in the Philippine capital markets. 

Alternative payments make up 72% of China’s e-commerce market

The e-commerce market is expected to grow 10.5% in 2022.

India’s buy now pay later market to be worth $15b in 2026: analyst

Amazon Pay Later has over 3.7 million registered users in 2022.

FTX-tied assets of Singapore users not protected by MAS: statement

FTX is not licensed by MAS, operates offshore, and did not actively solicit Singaporeans, the central bank said.

Citi, Zurich Insurance launch customizable insurance proposition

Demand for insurance sold online almost doubled in September, the insurer said.

Weekly Global News Wrap: Crypto exchange FTX owes $3.1b to creditors; Deutsche ex-trader sues bank for $150m

And Italy’s UniCredit gives German staff bonuses up to 2,500 euros for inflation.

Gap to widen between India’s public and private banks: S&P

Large private banks will outperform their publicly-owned peers, the ratings agency said.

Vietnam headed for swift credit growth in next 12-18 months

Loans may expand between 15% and even up to 30%, said S&P’s Amit Pandey.

Philippine banks’ bad loans ratio to decline in 2023: S&P

But should interest rates rise sharply, banks may face more defaults.

Property risks manageable for Hong Kong banks: analyst

But uncertainty in border restrictions with China will subdue wealth management, bancassurance.

China’s banking sector to polarize in 2023; weak banks face failure

Overall loan growth will come below 10% in 2023, says S&P.

Bangladeshi banks face weak profitability in 2023: S&P

The COVID measures, which have yet to be relaxed, will squeeze banks’ margins.

OCBC names Noel DCruz as Group Chief Risk Officer

He has worked for the bank for 33 years.