Korea’s big 5 banks brace for losses from foreign real estate projects
The potential risk of suffering losses in overseas real estate investments comes amid a slowdown in the global property market following persistent high rates.
Finance
IMF chief calls for regulatory efforts to control crypto assets
While there are concerns that digital money transactions could lead to privacy breaches, panelists explained the introduction of the Central Bank Digital Currency could rather…
QR payment growth in Indonesia outpaces Bank Indonesia target
While the central bank has reached its Quick Response Indonesian Standard (QRIS) target in terms of transaction volume, the number of QRIS users was just shy of meeting the…
Bangladesh overdue liabilities of several billion dollars
Clearance of the payments is likely to put a further strain on the reserves, which has been dropping over the last two years, said Ahsan H Mansur, executive director of the Policy…
Traction for impact investing in Indonesia
The basic principle of impact investing is an investment activity that aims to generate returns and maximize its social and environmental impact.
Bangladesh reserves remain under pressure
The fund from the IMF and the ADB would create some breathing space but the pressure point on the Balance of Payments will remain high, said Zahid Hussain, a former lead economist…
China capable of defusing debt risks: Experts
The plan to issue additional government bonds of 1 trillion yuan, announced in October, is conducive to increasing local governments' fiscal space, and will add momentum to…
Thais and Hongkongers can make cross-border mobile payments from Monday
Visitors will be able to make retail payments by scanning the Hong Kong FPS QR code and the Thai PromptPay QR code displayed by merchants using their mobile payment applications.
Remittance inflow climbs 21% in November
More than 11.35 lakh Bangladeshis left the country for jobs abroad last year, nearly double the 6.17 lakh migrant workers who flew to other countries the previous year.
Sharia banking will need ‘a long time’ to take off in Indonesia
Bold ideas, such as converting a major state-owned bank into a sharia lender or pushing for more sharia finance in the housing market, could accelerate the process, analysts argue.