News
SG’s Maribank names ex-Trust Bank exec as new CEO
SG’s Maribank names ex-Trust Bank exec as new CEO
Natalia Goh takes over from Zheng Yudong, who will remain an advisor.
Philippine remittances up 3.7% to $2.88b in May
Cumulative personal remittances rose by 3% during the month.
Indonesia and South Korea to enhance cross-border payments
The central banks expect that it will promote digital economy and benefit the tourism sector.
South Korean banks’ bad loans sees uptick in May
The delinquency rate stood at 0.51%, 0.03ppt higher than in April.
Banks to log $82b losses in 2024: S&P
This is due to credit costs normalisation and not asset problems.
India mandates banks to issue fraud notices: report
The time allotted to respond should not be less than 21 days.
Krungsri sees FX profits rise 21% in Q1
Digital FX transactions is 64% higher year-to-date.
EXIM Thailand inks MOU to support foreign investments
The bank will give special offers, such as special interest rates, to entrepreneurs.
Great Eastern halts trading of its shares in SGX
This follows OCBC's increased shareholding in the insurer.
Bangkok Bank launches scan-to-pay shortcut
Over 68 million transactions were made using this function in May 2024.
Siam Commercial Bank names new wealth management head
He is tasked with driving SCB’s goal to be the #1 digital bank in WM.
Hong Kong Mortgage Corp names Colin Pou as new CEO
Pou, who is an executive director at HKMA, will be seconded to HKMC.
Philippine banks’ extended 10.1% more loans in May
Loans to residents rose 10.2% and consumer loans jumped 25.6%.
BNP Paribas, Ant Int’l ink MOU to enhance cross-border payments
The MOU includes the further development of Ant’s Whale platform.
MUFG Bank China names new deputy president
Benjamin Lam brings over 30 years of experience in his new role.
H2 rate cuts likely to boost Indonesian banks’ earnings
A rate cut cycle often leads to banks’ earnings accelerating.
Taiwan credit card firms’ see lower balance in May
There were less credit cards active compared to April.
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1. Barclays launches Singapore private bank booking centre 2. Singaporeans lead in digital wallet adoption but AI commerce trust lags 3. Citi to launch Hong Kong's first virtual card with dynamic CVC 4. India card payments post five years of growth: GlobalData 5. MUFG joins 21 banks globally to form stablecoin companyResource Center
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Commentary
APAC has mastered domestic payments. The next challenge is connecting them.
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Why APAC is building home-currency stablecoins
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The financing challenge behind Asia’s wealth transfer