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China's central bank signs agreement with BIS to establish Renminbi liquidity arrangement
... contributions to the enhancement of the regional financial safety net, the bank said. READ MORE: PBOC steps up support for the real economy. The arrangement initially includes central banks in Asia and the Pacific, including Bank Indonesia, the Central Bank of Malaysia , the Hong Kong Monetary Authority , the Monetary Authority of Singapore and the Central Bank of Chile , according to the PBOC.
Updated: 06/26/2022
Singapore-based rewards platform ShopBack raises US$80 million
... ShopBack Group said they wanted to help our users to shop and save smarter, especially in this inflationary economy with a recession on the horizon. ShopBack , founded in 2014, serves more than 35 million shoppers in 10 markets, including Singapore, Malaysia, Indonesia and Australia. The company grew into financial services last year by acquiring hoolah , a buy now, pay later player in Southeast Asia. In January, ShopBack Pay allowed shoppers to pay in-store using their preferred method of payment ...
Updated: 06/25/2022
Tokyo Gas starts trial of methanation to decarbonise city gas
... inexpensive overseas renewable energy and lower hydrogen production costs, according to Yakabe. He said cost reduction must be achieved through multiple measures. Tokyo Gas is trying to build global supply chains of synthetic methane, feasibility studies in Malaysia with Sumitomo Corp and Petronas , and in North America and Australia with Mitsubishi Corp.
Updated: 06/25/2022
Malaysia to spend record amount in aid this year
KUALA LUMPUR - Malaysia is expected to spend 77.3 billion ringgit $17.6 billion in subsidies and cash aid this year, the largest amount in history, to try to mitigate the effects of rising prices, its finance minister said on Saturday. KUALA LUMPUR - Malaysia is expected ...
Updated: 06/25/2022
Myanmar junta transfers Suu Kyi to prison
... rapporteur on the situation of human rights in Myanmar, urged the international community to do more to address the crisis there. Since the coup last year, more than 2,000 civilians have been killed in the junta, he said at the end of an eight-day visit to Malaysia, where he met with refugees from Myanmar s Rohingya and other ethnic groups. Andrews said that the military s attacks on the people of Myanmar constitute crimes against humanity and war crimes. No one has been spared from the impact of military ...
Updated: 06/24/2022
Philippines raises interest rate by 25 basis points to 2.5%
... the Fed 's largest increase since November 1994 in a move to curb the worst inflation the U.S. has faced in 40 years. Fed Gov. Christopher Waller said that there would be another hike of 75 basis points next month. In Southeast Asia, Bank Negara Malaysia jumped its overnight policy rate by 25 basis points to 2.00%, catching market participants and economists off guard.
Updated: 06/23/2022
Philippines raises interest rate by 25 basis point to 2.5%
... of 22 economists polled by Reuters had predicted a 25 basis point increase, while 16 of 22 economists had predicted a 50 basis point jump. Indonesia's central bank is due to make an interest rate decision on Thursday. In Southeast Asia, Bank Negara Malaysia has increased its overnight policy rate by 25 basis points to 2.00%, catching market participants and economists off guard.
Updated: 06/23/2022
Alafco, Macquarie in talks to reach deal soon, people say
... in a bet that the aviation industry was poised to rebound. In May, SMBC Aviation Capital agreed to buy Goshawk Aviation for $6.7 billion, including debt. Alafco had a portfolio of 77 aircraft with another 68 on order at the end of March. Aegean, Malaysia Airlines and SAS have lease agreements with them. According to Bloomberg, the biggest shareholders of the company are Kuwait Finance House KSCP, Gulf Investment Corp. and Kuwait Airways Co. The people said that there was no certainty that the ...
Updated: 06/23/2022
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