THE Big Three banks in Singapore will likely continue to see narrowed net interest margin (NIM), deteriorating asset quality and slowing loan growth, which they had experienced in the third quarter this year. This is according to a Tuesday report by Fitch Ratings, which added that the earnings of DBS, OCBC Bank and United Overseas […]
Read MoreThe Bank of Thailand aims to overhaul its working structure over the next three years to a cross-functional method from functional-based teams to overcome seven specific challenges caused by a transformative world. “Over the next three years, the world is transforming at a faster pace. There will be plenty of volatility, uncertainty, complexity and ambiguity,” […]
Read MoreIn October, Roy Morgan Indonesian Consumer Confidence increased to 159.5, up 1.5pts from the previous month. However Consumer Confidence is now 3.5pts lower than it was a year ago (163.0). Analysis of Consumer Confidence by employment and occupation shows declines across most categories over the past year, with the steepest drop among those not in […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has not totally closed the door on another interest rate cut before the end of the year as inflation likely bottomed out last month. BSP Governor Benjamin Diokno told reporters on the sidelines of the Financial Education Stakeholders Expo another rate cut is still possible during […]
Read MoreSTARTUPS in Singapore and Vietnam can now look forward to a new incubation space in Ho Chi Minh City to kickstart their entrepreneurial journey in both countries. Singapore’s NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS), is partnering Vietnamese state-owned property developer Becamex IDC Corporation to establish its eighth BLOCK71 in Vietnam. A memorandum […]
Read MoreCambodia and South Korea yesterday announced they have signed an agreement to launch a joint feasibility study into the creation of a free trade agreement. The agreement to conduct the study was signed between South Korea’s Trade Minister Yoo Myung-hee and Cambodian Commerce Minister Pan Sorasak in the Korean city of Busan, where a two-day […]
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