News
SEA payment transactions to climb $54t by 2027 – report
Vietnam and Indonesia will have the biggest share in payment transaction volume.
SEA payment transactions to climb $54t by 2027 – report
Vietnam and Indonesia will have the biggest share in payment transaction volume.
MAS in process of tracing funds, assets related to $1b money laundering case
MAS says it has been in touch with FIs where the potentially tainted funds.
Bangkok Bank clinches license to offer custody services in Vietnam
Services include receipt-delivery, settlement, and clearing, amongst others.
Atome Financial, HSBC extend collaboration to support Philippine market
The partnership also plans to boost new consumer financing products.
MUFG closes $50m Islamic green trade finance facility for Sime Darby Motors
Proceeds will be used for working capital needs related to EVs.
Hang Seng Bank warns of phishing emails, fake website
The bank reminded customers that it will never ask them to log in through embedded links.
Payoneer SG obtains MPI licence, broadens services horizon
The licence will enable them to service more SMEs in the country.
Survey shows half of commuters in APAC need a more efficient way of paying their fare – Visa
About 45% of commuters from APAC were open to fare capping if implemented.
Sumitomo Mitsui’s 2023 profit jumps more than three-fourths of the way
Net profit for 2023 was Y52.2t, versus the Y29.7t the previous year.
Central bank reveals new regulatory framework for stablecoins
It seeks to ensure a high degree of value stability for regulated stablecoins.
More cryptocurrency users in India by 2027, to surpass US and UK combined
India is expected to account for 33% of one billion global users in four years.
Public Bank ties with PRO-NET, bolster presence in NEV industry
The bank commits NEV lending to reach RM33b by 2025.
RCBC net profit up 1.38% to $109.55m in H1
Earnings per share is PHP5.63 for the period.
Nine in 10 affluent SG investors are wealthier than a year ago: study
One in 2 believe that now is the prime time for long-term wealth creation.
Hong Leong Asia net profits down 27% to S$30.8m in H1
Weaker RMB to SGD exchange rates weighed on revenue.
DBS completes integration of Citi Taiwan consumer business
Almost 3,000 Citi employees are now part of DBS Taiwan.
Weekly Global News Wrap: China floats $1.3m asset minimum for hedge fund industry; US levels banks with $549m in penalties
And the Netherlands’ Rabobank sees profits double in H1.
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