Business
Hyflux got only S$150 million bank loan for S$890 million project because of cash flow concerns
Even after Hyflux won its bid for the S$890 million Tuaspring project in March 2011, it managed to secure only a S$150 million bank loan.…
Tag
Bank
Business
Indonesia's central bank to share some bond coupon payments with government
Indonesia’s central bank has agreed on a “burden sharing” deal where it will give the government some bond coupon payments it receives to…
Business
Indonesia's central bank wants rupiah to trade around 16,300 a dollar
The rupiah hit its weakest since August 1 of 16,500 a dollar during intraday trade on Monday Indonesia’s central bank has been guiding the…
Business
DBS’ plan to buy Alliance Bank stake is said to have stalled
DBS Group Holdings’ plan to buy a stake in Alliance Bank Malaysia has stalled as Singapore’s biggest bank has yet to get regulatory…
Business
China-led bloc to set up development bank in win for Xi
Chinese President Xi Jinping secured an agreement from partner countries to set up a new development bank, realising a longtime ambition…
Business
Japan Post Bank to launch digital yen in 2026
Japan Post Bank said it would launch a digital yen by the end of fiscal 2026 to make it more convenient for its depositors to make digital…
Business
Mizuho plans more dealmaking to become top Asia investment bank
Mizuho Financial Group is aiming to become Asia’s top investment bank by bolstering equity underwriting and M&A advisory, seeking to…
Business
Deutsche Bank puts India retail banking business up for sale
Deutsche Bank is exploring the sale of its Indian retail banking assets and has invited bids from domestic and foreign lenders in the…
Business
ANZ mulls up to 5,000 job cuts in bank revamp: report
Group is mulling a reduction in headcount by as many as 5,000 people as part of a wider restructure under chief executive officer Nuno…
Business
ANZ bank boss apologises for firing staff with accidental email
One of Australia's largest banks has apologised to staff who found out they had been fired through an automated email asking them to hand…
Business
Deutsche Bank fined US$3 million by Hong Kong securities regulator
Deutsche Bank has been fined US$3.05 million over various breaches between 2015 and 2023, Hong Kong’s securities regulator said on…
News
Bank of Japan’s Nakagawa says uncertainties remain high over impact of US tariff policy
Bank of Japan board member Junko Nakagawa said on Thursday that uncertainties remain high over US tariff policies and their impact on the…
Business
Bank of Korea holds for now, lays ground for rate cut after Fed
The Bank of Korea (BOK) paved the way for a possible interest rate cut after an expected move by the Federal Reserve next month, while…
Business
Thai central bank sees room for accommodative policy in face of second-half challenges
Thailand’s monetary policy should remain accommodative as the economy will face multiple headwinds in the second half of this year,…
Business
Talent a key priority for new GXS Bank CEO Lai Pei Si
It has been some two months since Lai Pei Si took over as chief executive officer of digital bank GXS Bank on Jun 1, and she is making…
Business
India central bank chief says RBI hasn’t ‘lost sight’ of growth
India’s central bank has not “lost sight” of its growth objective, even as price stability remains its primary mandate, governor Sanjay…
Business
New Zealand central bank proposes reducing deposit takers’ capital requirements
New Zealand’s central bank said on Monday (Aug 25) that it was proposing to reduce the minimum capital requirement for deposit takers, and…
Business
Bank of Japan’s Ueda expects tightening job market to push up wages
Bank of Japan (BOJ) governor Kazuo Ueda said that wage hikes are spreading beyond large firms and likely to keep accelerating due to a…
Business
UK weather: Country to bask in 30C heat on bank holiday Monday
The UK could see a return of 30C heat just in time for bank holiday Monday, amid what is expected to be among the hottest summers on…
Business
Travellers warned of bank holiday disruption
Millions of people in the UK face travel disruption this bank holiday weekend, contending with busy roads, a rail strike and engineering…
Business
Bank of Japan chief’s dogged caution tempers board’s hawkish instincts
In 2024, Kazuo Ueda delivered Japan‘s first interest rate hike in 17 years, a bold shift for a central bank once dominated by advocates of…
Business
AI job cuts debacle sees biggest Australia bank reverse tack
Commonwealth Bank of Australia (CBA) reversed a decision to cut 45 customer service roles due to new artificial intelligence (AI)…
Business
Barclays’ Singapore private bank business unaffected by Asia head’s exit
Barclays’ private bank in Singapore will operate as normal, despite the departure of the business’ Asia chief amid a restructuring. “The…
Business
New Zealand central bank cuts rates to three-year low, flags more easing; kiwi tumbles
New Zealand’s central bank cut its policy rate by 25 basis points (bps) to a three-year low of 3 per cent on Wednesday (Aug 20), and…