[SINGAPORE] The Singapore Refining Company (SRC) supplied its first cargo of very low sulphur fuel oil (VLSFO) in October 2019, the company said in a statement on Thursday. “This milestone is in line with the refinery and wider industry’s readiness to supply 0.5 per cent sulphur marine fuels from Singapore, one of the largest international […]
Read MoreTHE biggest risk to Indonesia’s property sector is economic growth that falls below the 5 per cent benchmark, according to a recent report from Maybank Kim Eng. That’s even as the house held to a “positive” rating on the sector, with analysts’ confidence stemming from lower mortgage rates and a supply of cheaper housing by […]
Read MoreThe Hanoitimes – The slow growth comes mainly from state-owned banks, which have become more stringent on their loan disbursements. Based on the current pace and credit growth of commercial banks, Vietnam’s credit growth is projected to reach 13.2% this year, lower than the 14% target. If this is the case, that will be the lowest […]
Read MoreBusiness operators are preparing to hold talks with the Finance Ministry and the Bank of Thailand about the strong baht, as the surging currency is estimated to have cost exporters 200-300 billion baht. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) held its monthly meeting yesterday to monitor the economy. Kalin Sarasin, chairman […]
Read MoreKUALA LUMPUR (AFP) – An ex-Goldman Sachs banker will stand trial in Malaysia in April over the 1MDB scandal after he returns from the United States (US) where he has also been charged, an official said yesterday. Billions of dollars were stolen from Malaysian state fund 1MDB in a fraud allegedly involving former prime minister […]
Read MoreBANKS in South-east Asia are set to miss out on as much as US$5 billion, or 14.3 per cent of their payments revenue by 2025, displaced by the growth of digital payments and competition from non-banks, according to a new report. This comes as payments become more “instant, invisible and free”, professional services firm Accenture said in […]
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