03/20/2020
The bank has also taken precautionary measures by splitting its critical functions to operate from primary and secondary sites to mitigate the risks of business disruption, he added in another statement.
03/20/2020
These failures were identified following an inspection by MAS.
03/19/2020
Foreign asset management firms have been applying for licences to invest onshore in China.
03/18/2020
The maximum penalty for each of the charges is around $45,000.
03/18/2020
This is the third investment that InfraRed NF has invested in Changsha.
03/18/2020
The responsible entity, Equity Trustees, is considering alternative arrangements for Flinders.
03/18/2020
A US-listed ETF that tracks the Philippine market fell by a record 19.5 percent on Monday after the closure was announced, adding to the more than 30 percent drop Philippine equities have seen so far this year.
03/18/2020
The 12 “core” sectors designated as having potential national security concerns include weapons, aircrafts, nuclear facilities, space, dual-use technologies, and parts of cybersecurity, electricity, gas, telecommunications, water supply, railw
03/17/2020
It’s an unprecedented situation with a large proportion of the global workforce now working from home in an attempt to delay and contain the virus.
03/17/2020
The HKMA has been taking actions, including the establishment of the Banking Sector SME Lending Coordination Mechanism, to encourage the banking sector to continue supporting the financing need of SMEs in Hong Kong.
03/17/2020
The new Code also introduces a general best interests duty for all CIS managers in Singapore: “The manager should, at all times, act in accordance with the constituent document of a scheme and in the best interest of participants.
03/17/2020
We are actively reviewing how we can best support you at this time,» the group said in an internal memo.
03/17/2020
It also alleges CBA breached sections 131(1) and 133(1) in failing to assess that the credit limit increase was unsuitable and in subsequently providing the credit limit increase.
03/16/2020
The central bank has been encouraging banks to lend more to small firms and other vulnerable sectors, and to tolerate late payments
03/16/2020
The team advised InfraRed NF on the debt and security structure from a BVI and Cayman Islands law perspective and assisted them throughout the transaction as offshore counsel.
03/13/2020
Fiscal and monetary measures by authorities aimed at counteracting stuttering or contracting economies will end up coming back to haunt the banks
03/13/2020
Through this partnership, Wirecard will process card transactions for GrabPay via its digital financial commerce platform and will extend GrabPay to more merchants to expand the acceptance of the mobile payment method.
03/13/2020
‘Many victims lost their retirement savings and are not in a position to recover financially’
03/13/2020
The nominal effective exchange rate of the Singapore Dollar has eased in an orderly manner within the MAS policy band, in line with weakening economic conditions.
03/12/2020
WBL still operates as normal despite liquidity problem, it added, and the company has opted to agree on the withdrawal suspension for fear of rising uncertainty before redemption.