Frances Gagua
Singapore banks halt lending for Russian energy trades: report
Singapore banks halt lending for Russian energy trades: report
DBS, OCBC, and UOB have reportedly stopped issuing letters of credit.
Singapore to block certain Russian banks, financial transactions
The government is also donating US$100,000 for Ukranians’ humanitarian needs.
Chinese banks urged to support affordable rental housing dev't: report
This comes after Beijing vowed to keep the property market stable.
UOB to facilitate US$2.4b pipeline of investments in Vietnam
This is expected to create 13,000 jobs in the country.
Uncertainties arising from Ukraine invasion threaten Asian banks’ asset quality: analysts
Impact on the financial market will ultimately depend on how events will unfold in the coming days.
Standard Chartered, IATA launch airline payment platform in India
IATA Pay offers instant payment options such as UPI Scan & Pay and UPI Collect.
Open source is critical to the competitiveness of Singapore’s financial services industry
It’s no exaggeration to say that financial services are critical to Singapore’s future prosperity. The country has long punched above its weight in the global financial services industry, serving as a strategic operational base for a huge number of major international organisations to do business throughout Asia. As a result, the sector is responsible for approximately 200,000 jobs and accounts for around 10% of Singapore’s GDP each year.
APAC banks face lower credit losses: S&P
Credit losses in 86 banking systems globally are expected to equal $635b in 2022.
DBS Digital Exchange poised to become key player in digital assets
The members-only exchange is one of the world’s first bank-backed digital exchanges.
Standard Chartered names global heads for CPBB business
Xie Wen and Mohamed Kerain are tasked with growing SC’s CPBB business.
Standard Chartered appoints Jessie Li as head of consumer, private, business banking
Li served as Hang Seng Bank China deputy chief executive and head of retail banking and wealth.
Thailand banking system rallies to higher profits in 2021
Net profit is 23.6% higher compared to 2020.
Thailand banks’ loans grew 6.5% in 2021
But gross non-performing loans rose slightly during the year.
Singapore's carbon tax hike to leave massive economic impact: banks
Power generation, manufacturing, transport industries will be the most impacted.
MAS extends facility to support bank lending to SMEs
This is to complement Enterprise Singapore’s temporary bridging loan programme for SMEs.
Weekly Global News Wrap: Commerzbank profits better-than-expected; Goldman Sachs raises financial targets
And US investment banks turn bullish on China.
UOB prices planned A$900m floating rate notes at 0.72% per annum
Its maturity date will be five years from the date of issue.
Commentary
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