Economy
APRA revokes two banking licences
APRA revokes two banking licences
At the time of revocation, the bank had not launched any products.
Central banks of Thailand, Vietnam hold bilateral meeting
The central bank representatives discussed banking and policy issues.
BNM proposes roadmap for transition to the Malaysia Overnight Rate
It proposed ceasing the usage of KLIBOR by 2027 and 2028.
Malaysia, Indonesia renew bilateral swap agreement.
The agreement has been extended for another 5 years.
Taiwan’s financial regulator names new director general for financial examination
Chen-chang Tong assumed his new role on 25 September 2024.
MAS safeguards enough to curb consumer over-indebtedness—MAS chairman
The news comes as bad debts jumped nearly 20% in Q1.
HKMA suspends banker for signature forgery on deposit form
He photocopied a customer's signature on a time deposit application form.
Evolving digital strategies boost brand equity and revenue
Precise targeting is essential for maintaining long-term brand equity.
HKMA proposes simplification of three-tier banking system
It aims to simplify DTCs to second-tier institutions.
PH central bank welcomes new anti-financial account scamming law
It authorises the BSP to investigate cases violating law, amongst others.
Evergreen and UBBIB sign strategic partnership, paving the way for a multimillion-dollar transformative merger
This collaboration further expands Evergreen's presence in Malaysia’s financial sector.
APAC banks face potential impact from falling property prices
China’s declining property sales and home prices signal weakened confidence.
China's bank assets grow to $60.14t in Q1 2024
This grew by 8.1% on a year-on-year basis.
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.
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