Frances Gagua
Sumitomo Mitsui Financial Group posts strong Q1 profits
Sumitomo Mitsui Financial Group posts strong Q1 profits
Profit growth was thanks to loan growth and fee income growth.
Hong Kong ‘s ZA Bank offers up to 5% Bloom Coins reward for card spend
They can use the coins to redeem NFTs, e-vouchers, amongst others.
MAS, IFSCA sign MOU to strengthen supervisory cooperation of financial services
The MOU was signed in the presence of India’s prime minister Narendra Modi.
DBS names Lim Chu Chong as president director of DBS Indonesia
Lim is currently the COO of DBS’ Institutional Banking Group.
Australia’s fintech investments down 75% in Q2
If it continues this trend, fintech investments will be down 39% in 2022.
Financial technology (companies in Australia raised $0.8b of capital during the first six months of the year, according to data gathered by Fintech Global.
JLL Hong Kong, Kai Shing Mgmt tenants can now pay via WeChat Pay HK app
Users simply need to input their e-Bill number to pay their management fees.
Dah Sing Bank temporarily closes Central, Ocean Walk Branches
Both branches will reopen on Saturday.
Dah Sing Bank temporarily closes 3 branches
Its Shatin and Sha Tsui Road branches will reopen Friday, and Fortress Hill on Monday.
Philippine Bank of Communications names new independent directors
They have also been assigned to the bank’s RPT committee.
SMBC concludes MOU with the Eastern Economic Corridor Office of Thailand
SMBC will introduce clients entering or expanding in Thailand to the EECO.
PayMongo, Atome offers BNPL services to 10,000 Philippine merchants
This comes as the share of cash payments is expected to fall further by 2025.
Citi names C.R. Sambamurthy as Asia head of Citigold
Sambamurthy has a 34-year career with Citi prior to his new role.
Weekly Global News Wrap: HSBC sells Russia business to Expobank; Julius Baer to freeze hiring
And HSBC’s UK unit plans to stop collecting gender data as part of inclusivity push.
Tourism woes hurt Thailand banks’ loans
The restructuring will only provide temporary relief, not solve the problem.
Taiwan banks’ profits flat in 2023
Bottom lines are expected to remain flat in the same year.
Mortgage boycott threatens Chinese banks’ loan quality
This highlights the need to tighten regulatory oversight of escrow accounts, Fitch said.
Number of ATMs in APAC continue to fall in 2022
A declining installed base in China is pushing down the numbers.