Foreign Exchange
Philippine remittances up 2.9% to $3b in November: central bank
Philippine remittances up 2.9% to $3b in November: central bank
Cumulative personal remittances grew to $33.6b in the first 11 months of 2023.
HSBC HK unveils debit, supplementary card waiving foreign currency fees
The cards also offer a 0.5% instant cash rebate on all spendings.
Philippine court convicts owner of unregistered money exchange business
The owner and operator of Globexmc can no longer own and operate an MSB.
China allegedly asks banks to delay dollar buying to slow yuan depreciation: report
The yuan hit an eight-month low in July.
South Korea to let overseas firms enter its FX market: report
Authorities target its implementation by Q4.
South Korea daily FX turnover hit all-time high in Q1
Increased demand for cross-border transactions of securities drove the growth.
Weekly Global News Wrap: Klarna, Block execs calls UK’s planned BNPL regulations “outdated”; Citi’s global FX head to leave
And fintech Boost looks to raise $50m to $100m in possible new funding round.
Citi announces leadership appointments in Asia Pacific Markets business
The new heads will be based in Singapore and Hong Kong.
Korean banks’ in solid position to weather strong US dollar
Expectation of strong government support and solid foreign currency liquidity will support banks.
Deutsche Bank appoints Ruchir Sharma as co-head of Global Foreign Exchange
He will work with Darren Boulus.
Woori Bank probed for alleged irregular foreign currency transactions: report
Sources said that the deals, worth billions of won, were executed over the past year.
RHB Malaysia earns its 9th Domestic Foreign Exchange Bank of the Year trophy at the 2021 ABF Awards
The multinational regional financial services provider was recognised for its hassle-free digital FX platform assisting customers with simple...
South Korea mulls normalizing eased rules on banks’ FX derivatives: report
The country relaxed rules in March amidst a severe dollar crunch.
Alternative Benchmarks for the New Normal
Latest Trends in LIBOR Transitions in Japan
Airstar Bank launches 24-hour FX trading service
"Times New Roman";mso-ansi-language:EN-US;mso-fareast-language:EN-PH">Customers who complete FX transactions worth HK$50,000 in total until 31 May will receive an HK$100 rebate.
Taiwan's central bank punishes Deutsche, ING, ANZ on currency speculation
They are not allowed to trade Taiwan dollar deliverable, non-deliverable forwards for a time.
South Korea may extend eased liquidity rules for banks: report
The foreign exchange liquidity rules are eased until September.
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