Despite regulatory pressure on banks to transition to sharia-compliant financing, the rate of adoption is proving slow
Trading hours will be brought in line with other major markets to extend the won’s reach as an international currency
GDP growth is strong, but public debt levels high. Yet, it is corporate debt levels which may be the issue
The government has implemented changes to regulate non-bank payment service providers and the banking sector
The outlook is bolstered by a growing export market, the return of tourism and a recovering property sector
The government is pushing to boost competitiveness, but months later, progress remains limited
Credit to China remained substantially lower at end-September 2023 compared to mid-2021
The Reserve Bank of India’s move has brought both the actions of the bank and the regulator’s response to fintechs into the spotlight
China’s embattled property developer is to wind down operations, raising more questions on how the country’s struggling construction sector will continue
The geopolitical and economic outlook for Asia was discussed at an event hosted by UK think-tank Asia House
Does the transition away from fossil fuels towards ‘green’ or renewable forms of energy have a dark side?
In a bid to attract international talent and investors, Japan is looking at how it can replicate other countries’ successes in developing cities into hubs for financial institutions and fintechs.
As laid bare by stress test results, relevant credit growth in China is unlikely as it could further undermine banks’ loss absorption capacity.
Indonesia’s financial watchdog expects all banks to start scrutinising their carbon-intensive loan books more closely for climate risks, but accurate emissions data remains challenging.
Indonesia’s ambitious plans for its new capital, Nusantara, are underway, yet there remains uncertainty of whether the president’s ambitious vision will be realised as there are questions over its green credentials and how the city will be financed.
China’s growing use of currency swap agreements — most recently with Saudi Arabia — are a key part of its strategy to lessen the global influence of the US dollar.
Mastercard’s tested solution would enable CBDCs to be tokenised onto different blockchains, offering consumers a new option to participate in commerce.
Following a series of digital disruptions this year, DBS has issued an apology and laid out a roadmap to improve technology resiliency. What can banks learn from these challenges?
With a large underbanked population living in a fast-growing economy, firms taking the lead in the Philippines could be at the forefront of the country’s digital banking revolution.
Indonesia’s search for value has seen a shift towards bringing value to the industries that support its commodity production, while also contributing to the green economy.