News

SEA banks’ asset quality visibility still cloudy amidst extended loan relief schemes

Non-performing loan ratios will likely peak only by end-2021 or 2022, when relief measures expire.

SEA banks’ asset quality visibility still cloudy amidst extended loan relief schemes

Non-performing loan ratios will likely peak only by end-2021 or 2022, when relief measures expire.

MUFG Bank inks MOU with Western Australia on renewables

The agreement also cover the sectors of energy, agribusiness, education, tourism and manufacturing.

Fave launches BNPL service in Singapore, Malaysia

FavePay Later offers interest-free flexible payments on the Fave app.

Indonesia mulls tightening fintech, P2P regulations

New regulations may include higher capital hurdles for P2P players.

Risks for Sri Lankan banks may rise when ISB investment suspension lifts: Fitch

Even with the suspension lifted, banks will still have difficulties accessing foreign currency funding.

UOB invests $200m in digital innovation, aims to double wealth fee income by 2025

The bank has launched SimpleInvest, where clients can begin investing for as low as $100.

Pandemic pushes banks to adapt hybrid set-up for transaction banking services

BPI's John-C Syquia and FinServ Solution's Andre Lee discuss the latest trends in transaction banking.

Central American development bank to open Seoul office: report

The bank has the goal of opening the office within 2021.

South Korea mulls cashbacks for credit card spending to boost consumption

The government reportedly plans to set the ceiling of cash back rewards per person.

Chart of the Week: Japan’s credit card payments to grow 9.2% in 2021

Easing of restrictions, government support, and the Olympics will support growth.

HSBC unveils new online trading platform for private bank clients in Asia

Clients can buy and sell securities in 10 markets worth up to US$10m daily.

HSBC aims to be Asia’s top wealth manager in five years: report

HSBC’s Trista Sun expects 500 million middle class Chinese by 2025.

People’s Bank of China to issue RMB5b Bills

It will be issued through HKMA’s Central Moneymarkets Unit.

OCBC appoints Lim Khiang Tong as new Group Chief Operating Officer

He will lead the bank’s use of technology, data, and design to develop financial solutions.