News
HKMA reports 2.2% rise in total bank deposits
Total remittance of RMB for cross-border trade settlement saw $176b.
Mizuho ties up with LSEG to enhance carbon credit market
Carbon credits can be issued as dividends, providing investors with a long-term supply.
Bank of Singapore appoints first chief portfolio strategist
Owi Ruivivar’s role will boost asset allocation strategy.
Ant Group, Mastercard launch International Consumer Friendly Zones program in Shanghai
It will improve the travel experience for global visitors and boost local businesses in China.
CIMB’s Q1 profit escalates 18% YoY
Thanks to a solid operating income performance and maintained costs.
UBS merges with Credit Suisse, APAC gets new lead
Iqbal Khan’s role will be effective 1 September.
Banks most vulnerable to illegal trade financing – MAS
Env Crimes generate between $110b-$281b in criminal gains yearly.
ICBC Asia warns against phishing SMS message
The bank said that it has reported the case to the local police.
Singapore expands scope of guidelines on fair dealing
It now covers all financial institutions and all the products and services offered.
Maybank sets new crude palm oil, power emissions targets by 2030
In 2023, CPO production and power emissions are well below reference scenarios.
Bank of Singapore forms CIO advisory council with Goldman Sachs, BlackRock execs
The 8 members have reportedly weathered the 2008 GFC and the 2020 pandemic downturn.
India’s commercial banks’ non-performing assets shrank in 2023
Credit costs have declined, with public sector banks holding “substantial buffers”.
Philippines’ Remolona warns of oil prices, interest rates as financial stability risks
The financial stability council also warned of geopolitical risks.
Six Indian banks’ outlooks revised to positive as economy strengthens
Infrastructure spending will pave the way for robust economic growth, says S&P.
Thailand’s central bank appoints new assistant governors
The four individuals promoted were previously senior directors for different teams.
GoTyme Bank launches multi-currency time deposit with $1 minimum
The Philippine-based digital bank promises interest rates between 3% to 3.5%.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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