News
China property sector bailout to hit banks’ asset quality, solvency
China property sector bailout to hit banks’ asset quality, solvency
Solving the issue of heightened inventory may cost 2.6% of China’s GDP.
DBS Hong Kong names Kuok Khoon Hua as independent non-exec director
The appointment is effective 7 October 2024.
Chart of the Week: Malaysia e-commerce sees rise in alternative payments
Brands such as GrabPay and ShopeePay are popular payment methods.
Taiwanese banks face potential revenue drop in 2025
Fee income will be supported by loan growth and reshoring activities.
SMEs propel growth in Asia’s corporate banking
Asia’s CIB is projected to grow by 7% annually through 2027.
GXS Bank launches credit card with flat fees and no interest
It has a limit of S$500 with a S$5 extension fee.
APAC investment banking fees hit lowest nine-month period in 7 years
ECM underwriting fees hit lowest figure in over a decade.
Philippine banks’ outstanding loans up 10.7% in August
Loans to residents grew whilst loans to non-residents slowed.
JCB enables Google Pay payments via contactless terminals
Customers can now add their credit/debit JCB card to Google Pay.
Korean financial holding companies see higher net income in H1
The insurance sector buoyed the increase as income from banking and financial investments fell.
BNY names ex-HSBC banker as head of APAC corporate trust
Jamie Pratt will lead, develop, and execute BNY’s corporate trust strategy.
India’s central bank names new executive director
Shri Aviral Jain will look after the legal and premises departments.
Japan, Cambodia’s financial service authorities exchange letters of cooperation
They will exchange views on regulatory and supervisory practices.
How commercial cards can redefine B2B payments
Over 8 in 10 bank execs believe that virtual cards improve organizational processes.
Malaysian central bank warns against three unauthorized financial entities
One of them is a potential clone entity.
Bank of East Asia, UDPN test stablecoin transfers via digital currency wallets
BEA was able to gain insights on CBDCs and the mechanism of stablecoins.
Singapore Gulf Bank names ex-Goldman Sachs banker as CFO
Separately, SGB’s new COO joins from GIC and Sygnum.
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