Economy
Wait and see tactics: PH central bank holds off on tightening monetary policies
However, a threat from the West makes it seem that the central bank may be overly confident.
Wait and see tactics: PH central bank holds off on tightening monetary policies
However, a threat from the West makes it seem that the central bank may be overly confident.
Hong Kong is the top international financial centre in Asia—survey
Survey respondents also saw Hong Kong as a gateway to mainland China.
Philippines’ BSP announces countermeasures against fake banknotes from ATMs
The banking regulator earlier warned the public of counterfeit notes from ATMs.
Philippines' central bank warns public of fake banknotes from ATMs
The public is urged to examine banknotes carefully after using a machine.
Singapore, China reaffirm commitment to financial supervisory cooperation
The supervisory roundtable was held virtually.
MAS and Bank Indonesia extends $10b bilateral financial agreement
The two extended the agreement until 4 November 2022.
ADB boosts 2019-2030 climate financing goals to $100b
The bank expects its own climate financing in 2019-2021 to reach $17b.
KBank to eliminate long-term loan for coal power by 2030
KBank is a signatory of the UN's sustainable financing initiative.
Banking sector’s loan exposure to Evergrande ‘insignificant’: MAS
Direct exposures to China’s property sector are less than 1% of non-bank loans.
Philippines’ BSP holds interest rates at bay
The central bank, however, warns of upcoming inflation.
UOB injects $88m in fresh capital for Vietnam charter
The capital injection was approved by the State Bank of Vietnam.
Sri Lanka’s large banks’ outlook worsens amidst new COVID surge
The new COVID surge that began in April may hinder GDP recovery.
Financial firms urge South Korean regulators to back off internal affairs
The firms represent the insurance, commercial banking, and brokerage sectors.
Indian banks strong buffers to limit risk of COVID-19 resurgence: analyst
Several factors will help Indian banks mitigate their risks.
Philippine bank ratings at risk of another downgrade: Fitch Ratings
Fitch ratings downgrades the Philippines’ banking system operating environment score to negative.
Bank of Thailand base rate to hold through 2022: Fitch
This comes at the back of a bleak economic outlook due to the recent COVID-19 outbreak.
Chart of the Week: Hong Kong’s wealth market to grow 7.8% in 2021
The number of HNWIs is expected to reach 3.9 million in 2021 or 60.6% of the population.
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CIMB Niaga leads the way in captivating Indonesia’s youth
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The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.
The bank’s digital solutions are winning over younger generations with 3.
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