Frances Gagua

High smartphone and internet use drive its use.

China remains king of the credit and charge card market in the region.

The appointments are effective 1 June.

Beyond attractive compensation, fintechs should also emphasise wellbeing, flexiwork.

Greater China Division President Dennis Chang will serve as its head.

Valderrabano worked with Coca-Cola prior to joining Citi.

Regulatory limits and competition make it unlikely to break into the mainstream until 2026.

Corporate loans continue to grow whilst consumer loans slowed amidst the Omicron outbreak.

SMEs from Singapore, Hong Kong, China, Indonesia, and India will benefit.

And Goldman Sachs reach a $79.5m shareholder settlement over 1MDB fiasco.

HDBank hopes to build a supply chain finance portfolio of $1b over the next three years.

Innovation opportunities for payment digitalization in Japan.

Corporate lending rose to its second-highest monthly figure ever.

UOB will support KHFC’s bid to expand in Southeast Asia.

 In Malaysia, Islamic banks may account as much as 45% of the commercial loan book.

The new base rate will be 2.25%, and base lending rate at 5.72%   Public Bank is increasing its Base Rate (BR), Base Lending Rate (BLR) / Base Financing Rate (BFR) by 0.25%, effective 13 May.   The bank’s new BR will be at 2.52% from 2.27%, whilst the BLR/BFR will be at 5.72% from 5.47%.   The bank’s fixed deposit rates will also be increased by 0.25% across all tenures.   The move came following Bank Negara Malaysia’s Overnight Policy Rate (OPR) hike by 25 basis points from 1.75% to 2.00% on 11 May.