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Philippines suspends financial market amidst country-wide lockdown
The Philippine Stock Exchange has been closed indefinitely.
Philippines suspends financial market amidst country-wide lockdown
The Philippine Stock Exchange has been closed indefinitely.
Singapore banks on downward spiral after US Fed cuts rate to nil
Loan yields are sighted to decline due to the lower benchmark rate.
Bank of Japan to buy $112.55b ETFs for COVID-hit firms
It will also create a loan programme to spur lending to COVID-hit firms.
Thai central bank to monitor US Fed rate cut
It is expected to further slash its benchmark interest rate of 1%.
HKMA cuts base rate to 0.86%
It had already slashed the rate to 1.5% earlier this month.
Singapore's central bank assures that local financial market is functioning normally
The regulator has left a higher level of liquidity in the banking system.
Australian central bank pumps $3.64b into the banking system
The amount was larger than the intended $1.5b (A$2.5b).
ADB temporarily closes headquarters due to COVID-19
A visitor reportedly tested positive for the coronavirus.
Chart of the Week: Half of Korean banks' loan quality imperiled by prolonged COVID-19 outbreak
This could impact the broad service and manufacturing sectors that make up about 58% of loans.
Weekly Global News Wrap: Financial firms beef up COVID measures; Europe mulls relief for banks
And Goldman Sachs is ‘very open’ to acquisitions.
ASEAN lenders on the defense amidst oil volatility, COVID-19
Falling visibility is evident despite lower prices and stimulus measures.
Vietnam's e-commerce market to reach $17.3b in 2023
Total online spending doubled to $9.4b in 2019 from $3.9b in 2015.
Singapore card payments market to hit $158b in 2023
Credit cards took the lion’s share in market value at 60% in 2019.
COVID-19 spells slow loan growth, higher NPLs for Philippine banks
Credit growth will likely be down to 8-10% in 2020.
StanChart consortium unveils Hong Kong virtual bank Mox
It will launch Asia’s first numberless bank card when it launches later this year.
South Asians, SEA preferred repeat online loans in 2019
69% of Vietnamese had a single loan, but only 31% had repeat loans.
Asian Development Bank unveils new Singapore office
It comprises 12 specialists from ADB’s PSOD and Office of Public-Private Partnership.
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