Frances Gagua
Maybank Singapore unveils mixed Shariah-compliant investment fund
Maybank Singapore unveils mixed Shariah-compliant investment fund
The fund aims to achieve a potential monthly dividend payout of 5% per annum.
South Korean bank’s household loans rise faster in September: report
There is an increased demand for loans for home purchases and 'jeonse.’
Weekly Global News Wrap: British financial watchdog might visit bankers working from home; UBS creates AI team
And Barclays opens Glasgow campus.
UOB unveils financing platform for businesses, homeowners’ green energy needs
The U-Energy platform has nine partners that can support energy efficiency projects.
Deutsche Bank raises $200m via second green foreign currency bond in Taiwan
Proceeds will be used to fund eligible green assets.
Philippine-based Cantilan Bank, AFIN launch digital banking service
They aim to deliver cashless financial services to the Philippines’ rural unbanked.
Chart of the Week: Malaysia’s card payments market to be worth $80.2b in 2025
Market value is expected to rebound 8.5% in 2020 after declining last year.
Westpac warns $954m profit hit from one-off impairments
It is also hit with one-off costs from the sale of its insurance arm and specialist business.
Japan’s rural banks embrace more risks in search of profits
Their greatest enemy is time as business opportunities need years to take fruit.
CIMB Bank PH's gross transaction value triples in nine months
The bank now has nearly 5 million customers in total, and almost 1 million lending customers.
Eight in 10 ATMs in APAC are now automated deposit machines: RBR study
Over 1.4 million of 3.1 million ATMs globally now accept automatic note deposits.
China mulls adding crypto mining to 'negative list' of industries: report
Industries under the list are deemed off-limits for investments.
APAC banks on track for LIBOR phase-out: S&P
Singapore banks are leading the way in adopting alternative reference rates.
UOB, ADDX digitise S$50m of Sembcorp’s sustainability-linked bond
They made use of blockchain and smart contact technology to achieve this.
Commercial banks to take intermediary roles when CBDCs roll out: S&P
Central banks will prioritise financial stability in this undertaking.
How Islamic banks boosted their reputation during the pandemic
Bank Rakyat was the most favourably-covered bank in the past year.
Maybank Singapore unveils new home mortgage, renovation green loans
The bank expects to process over 500 sign-ups yearly.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Bank of America appoints Phil Carmalt as head of APAC GPS 4. HSBC Singapore unveils wealth centre at The Star Vista mall 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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Cards & Payments
Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
Commentary
The Asian connection: China's path to sustainable growth