Economy

Philippines' central bank warns public of fake banknotes from ATMs

The public is urged to examine banknotes carefully after using a machine.
2 days ago

Philippines' central bank warns public of fake banknotes from ATMs

The public is urged to examine banknotes carefully after using a machine.
2 days ago

MAS and Bank Indonesia extends $10b bilateral financial agreement

The two extended the agreement until 4 November 2022.

ADB boosts 2019-2030 climate financing goals to $100b

The bank expects its own climate financing in 2019-2021 to reach $17b.

KBank to eliminate long-term loan for coal power by 2030

KBank is a signatory of the UN's sustainable financing initiative.

Banking sector’s loan exposure to Evergrande ‘insignificant’: MAS

Direct exposures to China’s property sector are less than 1% of non-bank loans. 

Philippines’ BSP holds interest rates at bay

The central bank, however, warns of upcoming inflation.

UOB injects $88m in fresh capital for Vietnam charter

The capital injection was approved by the State Bank of Vietnam.

Sri Lanka’s large banks’ outlook worsens amidst new COVID surge

The new COVID surge that began in April may hinder GDP recovery.

Financial firms urge South Korean regulators to back off internal affairs

The firms represent the insurance, commercial banking, and brokerage sectors.

Indian banks strong buffers to limit risk of COVID-19 resurgence: analyst

Several factors will help Indian banks mitigate their risks.

Philippine bank ratings at risk of another downgrade: Fitch Ratings

Fitch ratings downgrades the Philippines’ banking system operating environment score to negative.

Bank of Thailand base rate to hold through 2022: Fitch

This comes at the back of a bleak economic outlook due to the recent COVID-19 outbreak.

Chart of the Week: Hong Kong’s wealth market to grow 7.8% in 2021

The number of HNWIs is expected to reach 3.9 million in 2021 or 60.6% of the population.

Southeast Asia’s neobank market to grow 50% in 2021

Funding and winding down of the pandemic’s impact on the economy will push this market.

Risks for Sri Lankan banks may rise when ISB investment suspension lifts: Fitch

Even with the suspension lifted, banks will still have difficulties accessing foreign currency funding.

Singapore Monetary Policy Tightening Is Credit Positive for Banks

The Monetary Authority of Singapore’s (MAS) tightening of monetary policy to benefit banks operating in Singapore, according to Moody's Investor Service.