Economy
Korean financial firms invest $42.1b in overseas real estate
This was an increase of $876m.
HDBank is the first Vietnamese lender to share a sustainability report
It plans to become a net zero bank.
Crackdown may slow Vietnam banking processes: S&P
Vietnamese bank’s failure reveals corruption, fraud and violations in sector.
Indonesia's money supply falls 6.9% YoY in April
Thanks to disbursed loans and net claims.
HKMA reports 2.2% rise in total bank deposits
Total remittance of RMB for cross-border trade settlement saw $176b.
Banks most vulnerable to illegal trade financing – MAS
Env Crimes generate between $110b-$281b in criminal gains yearly.
Overseas Filipinos’ remittances up 3% to $2.95b in Feb
A total of $2.65b in remittances coursed through banks, the central bank said.
Personal remittances from Overseas Filipinos (OFs) grew by 3% to $2...
Singapore banks’ interest rates will remain elevated until Q3: analyst
DBS and OCBC are expected to provide dividend yield of 7.4% and 6.5%.
Asian banks struggle with less liquidity amidst global slowdown
Shifting economies and interest rates shape the banking landscape.
'Tighter' financial conditions to weigh on Singapore's lending market: MAS
Risks include high inflation, geopolitical tensions, and spillovers from China's economic situation and global real estate market strains.
Model risk management vital for banking innovation
Ensuring effective decision-making and addressing new challenges like climate risk through robust model risk management.
Nature's decline threatens $10 trillion global GDP by 2050
There is a critical impact of biodiversity loss on the economy and the opportunities in sustainable investing.
Fed policies shape APAC bond markets
The impact of Federal Reserve's decisions on Asia-Pacific local currency bonds reflects in interest rates.
Bank of America eyes client-focused approach amidst Malaysia's economic rebound
Bank of America was named as the top investment bank in Malaysia in 2023 based on M&A deals and services offered.
BSP: cap on online payment facilities to stay
This aligns with the BSP's ongoing efforts to encourage digital financial transactions.
MAS: freeze remittances to China for the next three months
It is effective from 1 January 2024 to 31 March.