Markets

SMBC, RCBC ink MOU to promote foreign direct investments to the Philippines

They do this alongside the Philippine Economic Zone Authority.

Mizuho, BPI renew business cooperation agreement

The agreement aims to provide Japanese companies with banking support in the Philippines.

Malaysian central bank warns against entities impersonating it

A social media post had claimed that the central bank is supporting an investment platform.

MUFG aims to double asset management exposure to JPY200t by 2029

The bank has outlined growth plans to grow its AM business.

Mizuho aims to join “trillion dollar club” in asset management: report

The bank is reportedly in talks with overseas asset managers for deals.

Former PH finance secretary appointed to monetary board

He joins a seven-member board headed by BSP governor Eli Remolona, Jr.

BDO to issue $89.2m in fixed-rate sustainability bonds

It has a tenor of 1.5% years and a coupon rate of 6.025% per annum.

Standard Chartered names ex-Citi banker as head of global securities

Stella Choe was most recently head of global network banking for APAC in Citi.

It's the most wonderful time of the year for ABF!

Asian Banking & Finance will be back on 8 January 2024.

MUFJ to buy Aussie pension company Link Group

The Japanese banking giant is acquiring 100% of issued shares of Link Group.

Banks face negative outlook in 2024 amidst bad loans, higher costs

ASEAN banks, however, will benefit from policy changes arising from geopolitical tensions.

Japan’s Mizuho invests in SG-based carbon exchange CIX

CIX will use the funding to build out its existing platforms and deepen offerings.

PH’s Sarangani Rural Bank ex-officers charged for breaking banking law

They have been sentenced to 5 years’ imprisonment and fined up to $877 each.

Mastercard, NTU launches new masters program on cybersecurity

The program is tailored for professionals seeking a spot in the cybersecurity space.

GBA’s financial services industry more ‘bullish’ for future prospects: PwC

Tech advancements are paving the way to new opportunities for cross-industry servicing.