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MAS, France complete wholesale cross-border payment experiment using CBDC
MAS, France complete wholesale cross-border payment experiment using CBDC
It simulated cross-border transactions involving multiple CBDCs on a common network.
South Korea mulls normalizing eased rules on banks’ FX derivatives: report
The country relaxed rules in March amidst a severe dollar crunch.
China to hike subsidies for agricultural insurance premiums
Subsidies will be provided to crop-growing farmers who buy full-cost insurance or income insurance.
Malaysia’s foodservice sector sees rising transactions
More consumers are looking to takeaway food.
Outlet digitalization fuels Philippines’ foodservice growth
Consumers will experiment with different dining options as economy recovers.
Citi appoints 5 Singaporeans to senior positions across APAC
This includes the new head of Integrated Corporate Bank for its Taiwan business.
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.
South Korea to decide on Samsung daughters' life insurance shareholder eligibility
The regulator is expected to rule in their favour, sources revealed.
UOB Malaysia appoints new deputy CEO
Ng Wei Wei will retain her current role as head of wholesale banking alongside this promotion.
Keppel REIT sells 50% stake in first Australian property for A$275m
The firm said this is part of its portfolio optimisation strategy.
Hong Kong intensifies air cargo security
This comes as the International Civil Aviation Organization’s air cargo security policy takes effect.
Goldman Sachs Japan gearing up for move to new Tokyo HQ: report
This is in line with CEO David Solomin’s commitment to return to the office.
Second wave of COVID infections impairs Indian banks’ performance through 2022
Recovery will be more subdued as households prioritize rebuilding their savings.
Grab-Singtel, iFAST apply for Malaysian digital bank license
Bank Negara Malaysia is expected to issue up to five licenses by Q1 2022.
MUFG Bank appoints new head of project finance for Asia
David Uy first joined MUFG in 2018.
MAS, international agencies launch Global Challenge for CBDC solutions
Finalists will receive mentorship from industry experts, a chance to prototype their solutions, and a cash prize.
HK port congestion likely to drive up freight rates
Container spot rates are at a new all-time high at the end of the second quarter.
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The food and grocery delivery company was honoured for its benefit programmes and working policies that support a diverse, equitable, and inclusive (DE&I) culture and work environment.
