South Korean commercial banks mull financing arms export to Poland
If the deal proceeds, it is projected to take on the form of a syndicated loan, meaning it will be provided by a group of lenders to a single borrower, a method often used to…
Finance
Bangladesh forex reserve slips below $21 billion
The volatility in the global market driven by the Russia-Ukraine war has sent commodity prices higher, hitting the reserve level of import-dependent countries such as Bangladesh.
Hong Kong to lift sentiment, boost global ties: Financial secretary
Financial Secretary Paul Chan said the external economic environment has not been ideal, and the government has to adopt a “combination strategy” by unlocking potential demand…
Use of crypto stays low in Singapore, but is rising in some emerging Asian markets
The use of cryptocurrency by the average person in Singapore remained low in the past year, and did not grow as fast as in some other emerging Asian markets such as Vietnam and…
Don’t do business with two banks of Myanmar: Bangladesh Bank
The banking regulator said the two banks were now under sanctions issued by the Office of Foreign Assets Control, a financial intelligence and enforcement agency of the US…
China plans cutting negative list to attract foreign investors
The negative list lays out the specific industries in which foreign investors are not permitted to operate.
Sustainable finance on the rise
Sustainable finance extended by banks rose nearly 40 percent year-on-year in the first quarter of 2023, as lenders kept disbursing a higher volume of loans to eco-friendly…
Indonesia delays launch of JETP investment plan for public review
A statement from the office cited a need for more time to devise “a technically credible pathway for Indonesia’s power sector transition” as a reason for the delay,
Rupee extends losses against dollar, falls by Rs3.42 in interbank
According to experts, the dollar saw the rise due to imports opening up gradually and the letters of credits retiring.
Chan: Hong Kong GDP growth seen slowing down in Q2
Financial Secretary Paul Chan Mo-po expects Hong Kong’s GDP growth to have slowed in the second quarter, although the overall economy remains on a path to recovery.