Staff Reporter
India’s banking system privatization plagued with capital, regulatory woes
India’s banking system privatization plagued with capital, regulatory woes
They need to pump money into lenders before selling them if they want to make them more attractive to potential buyers, reports S&P.
Weekly Global News Wrap: Bank of England scraps pandemic curbs on dividends; JPMorgan posts jump in Q2 earnings
And four global banks to launch a pilot platform on voluntary carbon credits.
Indonesian banks’ risks rise as new wave of infections dampen economic recovery
The rising number of COVID cases will delay the return to normal repayment schedules.
China aims to speed up domestic store openings by 2025
The country is targeting a 5% retail sales growth by 2025.
Indonesia’s retail recovery hinges on vaccine rollout: report
Consumer confidence and retail sales remain below pre-pandemic levels.
South Korean incumbent banks’ profits at risk as Kakao Bank expand loan services
The internet-only bank plans to launch mortgages and merchant loan products.
SEA named world’s fastest-growing mobile wallet region
The number of active mobile wallets is expected to reach 439.7 million by 2025.
Hong Kong leads race to 'normalcy'
With a score of 96%, Hong Kong is the closest out of 50 areas to pre-pandemic normal.
Taiwan inks 15-year LNG supply deal with Qatar
It will buy 1.25 million tonnes of LNG annually from the company.
Japan eyes 108 GW solar capacity target by 2030
This almost doubles the current target of 64 GW.
MAS, France complete wholesale cross-border payment experiment using CBDC
It simulated cross-border transactions involving multiple CBDCs on a common network.
South Korea mulls normalizing eased rules on banks’ FX derivatives: report
The country relaxed rules in March amidst a severe dollar crunch.
China to hike subsidies for agricultural insurance premiums
Subsidies will be provided to crop-growing farmers who buy full-cost insurance or income insurance.
Hong Kong, Singapore resume talks on travel bubble plans
The travel bubble set in May was postponed after the virus resurgence in Singapore.
Malaysia’s foodservice sector sees rising transactions
More consumers are looking to takeaway food.
Outlet digitalization fuels Philippines’ foodservice growth
Consumers will experiment with different dining options as economy recovers.
Citi Global Wealth APAC Co-head Fabio Fontainha outlines bank's ambitions
Fontainha expounds on Citi's wealth goals, which include adding $150b AUM across the APAC franchise in four years’ time.
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