News
BoCom to allow conversion of Aussie dollar into renminbi
BoCom to allow conversion of Aussie dollar into renminbi
Conversion to begin in 2014 as part of the renminbi’s internationalization.
OCBC knocked off its top spot as the world's strongest bank
Guess which bank topped Bloomberg's list?
Thai banks' NIM 'remarkably stable' at 3% for 4 years
Loans were up 12.4%.
National Australia Bank cuts standard variable home loan rates to 6.13%
It's the lowest of the major banks for 46 months.
China gets tougher on renminbi speculation
New rules immediately cause renmnbi to fall against the US dollar.
Commonwealth Bank, Westpac cut interest rates by 0.25% for home owners
That is for standard variable home loans.
RHB and OSK complete merger
RHB Holdings Hong Kong is now a member of the RHB Banking Group.
SMBC launches commercial banking business in India
Says it was encouraged by India’s high growth potential.
Philippines sues Maybank affiliate for tax evasion
Philmay Property, Inc being sued for US$4.2 million in unpaid taxes.
Cut in CRR needed to benefit borrowers
Refinancing pressure prevents borrowers from benefiting from government rate cuts.
Philippines increases MBO deposit limits by 63%
Move intends to help promote financial inclusion in rural areas.
India launches first Islamic equity index
Provides a new benchmark for Islamic investors.
ANZ's profits jumped a measly 1% to US$3.04b
Improved results due to cost cutting and better Asian business.
BOCHK's pre-provision profit up 3% to HK$6,991m
Here are 3 key highlights.
HK and Singapore banks fear losing key staff
Nine in 10 banks and financial services firms also experience recruitment problems.
UOB's Singapore loan growth at risk of slipping from 10%
To just mid-single digits.
Agricultural Bank of China hit by 15% rise in operating expenses in 1Q13
Net profit was only RMB47b.
Thought Leadership Centre
Most Read
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.
Why fragmented communications are becoming a hidden governance risk for Asia Pacific banks
From automation to agency: Asia’s wealth leaders can reinvent, not just streamline
Singapore aced its FATF evaluation — now comes the hard part
Are Asia’s digital banks prepared for the stablecoin era?
Why APAC is building home-currency stablecoins
Why Southeast Asian wealth managers must design the business before buying the technology
Why trust in Asian banking increasingly gets built off the record
Hong Kong cleared stablecoins for take-off. Getting them to work across Asia is the hard part
The financing challenge behind Asia’s wealth transfer