Frances Gagua
StanChart rolls out ESG-linked cash account in Hong Kong, SG
StanChart rolls out ESG-linked cash account in Hong Kong, SG
Clients are rewarded when they meet ESG-related targets.
OCBC, UOB to benefit from US-driven supply chain relocation to ASEAN
Multinationals are likely to hasten their ASEAN expansion.
Bank of Singapore warns against fake app
It has reported the link and app to the police and regulators.
Bangkok Bank unveils green transition loan for businesses
The credit can be as high as $283m (THB10b)
Thailand’s Krungsri launches SME transition loan for clean energy
It will help businesses embrace clean energy solutions and reduce pollution.
Citi’s wealth unit selling its trust business: report
The bank has been on a selling spree since 2022.
Singapore banks’ loan growth, fee income steady in Q2
But treasury customer income is lower after their record highs in Q1.
Taiwan logs 3.9 billion non-cash payment transactions in H1
There were 28.91 million users of electronic payment accounts in end-June.
Taiwan’s active credit cards rise to 39.24 million in June
Amount of undue balance of installment jumped 48.45%.
Siam Commercial Bank’s Mae Manee App undergoes maintenance on select dates
The app is unavailable on certain time periods on August 10, 16, and 17.
Taiwanese banks’ total loans up 0.13% in June
Coverage ratios of allowances for NPLs rose almost 30 percentage points.
Philippine central bank to grant up to 4 new digital bank licenses
The moratorium for new licenses will be lifted on 1 January 2025.
Six Thai banks to sustain improved earnings through 2026: Fitch
They are well-positioned to face risks after years of excessive provisioning.
Early-stage deals shine in Singapore’s fintech space amidst ‘cautious’ investors’
There were 52 early-stage deals in Sinagpore in H1 versus just 25 later-stage deals.
Fintech investments in APAC drop 19% to $3.7b in H1
All regions globally recorded a decline in fintech investments.
Loans extended by Philippine banks up 10.1% in June
Consumer lending expanded on the back of credit card loans.
HKMA preparing law amendments for proposed two-tier bankings system
The central bank has published results of its consultation and new parameters added.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. HSBC Singapore unveils wealth centre at The Star Vista mall 4. Citi names Goldman Sachs banker as head of markets solutions in Asia South & North 5. The Asian connection: China's path to sustainable growthResource 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