Frances Gagua

Low carbon push adds $8.4b addt'l revenue for APAC banks

Between 2031 to 2050, APAC banks will likely 

UOB appoints Mark Tan as head of internal audit in Hong Kong

Tan will oversee all audit functions for UOB Hong Kong.

Japan’s MUFG invests $5.9m in Hitachi to launch 1,000 e-buses in the UK

The two will make business models enabling operators to clinch EV funding.

India’s central bank names new executive director

Shri R. Lakshmi Kanth Rao was previously a head at the department of regulation.

Chinese banks’ net profits down 0.81% in Q1

Fees contracted for the first time in 5 years a quarter earlier.

Japan’s Sumitomo Mitsui mulling stock split

It has not yet decided whether to push through or not, however.

Sumitomo Mitsui Card offers 1.98% merchant fees to SMEs

SMEs in Osaka will also be able to avail of an android terminal for free.

South Korea warns against loan scams using voice phishing

Such scams are expected to rise with banks’ launching assistance programs.

Household loans by South Korean banks rise in April

A series of IPOs in April and May helped push up credit loan volumes.

Malaysia, South Korea renew their bilateral swap agreement

The swap arrangement can be further extended via mutual agreement.

Atome’s BNPL debuts on Taobao Singapore

Every Saturday, Atome shoppers can enjoy a $12 off for a $120 minimum spend.

Shell companies and crypto propel money laundering risks in APAC

Trade-based ML is also on the rise, warned Forrester in its new report.

Mizuho Financial Group publishes impact business policy

The policy defines the bank’s course of action on impact-driven businesses.

Indonesia, UAE team up to promote local currency use in bilateral transactions

UAE and Indonesia's non-oil trade grew to $3.1b between 2017 and 2023.

CIMB Group’s opex to ease whilst non-interest income poised for growth

Loans are poised for a 6% growth, UOB Kay Hian said in a report.