PETALING JAYA: Malaysia’s sixth largest banking group by assets, AmBank Group, plans to ramp up the digitalisation of its financial services as it looks to invest RM150mil over the next two years for its digital strategy. Group chief operations officer Datuk Iswaraan Suppiah said the RM150mil capital expenditure represented an increase of 50% as compared […]
Read MoreBangkok Bank (BBL) expects most basic banking transactions to be made over the digital channel within the next three years. With the online banking boom, 90% of the bank’s basic transactions, including fund transfers and payments, are expected to be done through mobile apps within that period, said Prassanee Ouiyamaphan, executive vice-president of BBL. BBL’s digital […]
Read MoreOn Nov 9, 2018, the Bank of Thailand announced new requirements on down payment rates for mortgages that will take effect on April 1, 2019. Homebuyers who purchase a residential unit priced lower than 10 million baht and seek a second or subsequent home loan will be required to make a down payment of at least […]
Read MoreThe Hanoitimes – Core inflation in November picked up 0.11% month-on-month, resulting in an increase of 1.72% year-on-year on average in the January – November period. Vietnam’s consumer price index (CPI), a gauge of inflation, saw a decline of 0.29% in November against the previous month, but is still up 3.46% year-on-year, according to the General […]
Read MoreSINGAPORE – Bank lending in Singapore rose in October from a month ago, reversing from a slight contraction in September, preliminary data from the Monetary Authority of Singapore showed on Friday (Nov 30). Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – stood at $672 […]
Read MoreThailand’s unemployment rate continued to improve in the third quarter, thanks to a growing economy and a recovering farm sector. The National Economic and Social Development Board (NESDB) reported yesterday that the unemployment rate was 0.96% of the total workforce, or 373,000 people. That was lower than in the same period last year, which saw a […]
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