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China, Thailand ink MOU to enhance local currency use
China, Thailand ink MOU to enhance local currency use
They will also promote cross-border payment and settlement.
Islamic finance to become a $6.7t industry by 2027: LSEG
Malaysia and Indonesia are amongst the world’s top Islamic finance markets.
Japan’s payment volumes rise by 50% in cherry blossom season
Rich travellers spend 20% of their budget on accommodation, Visa found.
Japan’s Chugoku Bank maintains strong liquidity despite weak loans
Higher interest rates will help improve profitability, Moody’s said.
1 in 4 Singaporeans concerned about payment fraud: study
Consumers want robust fraud protection when choosing their financial provider.
MAS bars ex-DBS rep from financial advisory work for 5 years
Hafiz was convicted to one count of abetting an offense on May 2022.
Japan’s SMBC bookmarks $64m for social value activities
The group has also established an investment fund.
India’s HDFC Bank clinches $500m to support microlending for women
The loan will enable the bank to grow its microlending to women, HDFC said.
Citi Commercial Bank Indonesia appoints Edwin Pribadi as its head
Pribadi returns to Citi after spending a decade with OCBC Indonesia.
Public Bank’s net profits down 3.5% to $351.94m in Q1
Total loans and deposits grew in Q1 compared to Q4 2023.
KBank Private Banking, EQT Partners unveil new private equity fund
The minimum investment is THB500,000 with an 18 month lock-up period.
Mizuho to help deploy AI to study Hachijo’s humpback whales
The project will run from May to October 2024.
Digitalisation amplifies data and liquidity risks
Increasing interconnectivity increases complexity and opacity.
Vietnam’s PVComBank launches mobile banking services on AWS
The platform will reportedly benefit 1 million customers of PVComBank.
South Korean domestic banks’ net income shrank 24.1% in Q1
Non-interest and non-operating income dragged down income.
South Korean banks’ bad loan rate improves in March
Delinquency rate of loans to large companies, SMEs, and households fell.
Wise launches in the Philippines with fee-free money transfer service
Users can receive and spend money internationally and create up to 3 cards.
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