Asia Banking

Singapore eases monetary policy again as growth outlook dims and tariff pressures mount

bno - Surabaya Office April 16, 2025

In its latest policy statement, MAS announced a reduction in the rate of appreciation of the Singapore dollar nominal effective exchange rate policy band, though it will maintain a path of gradual appreciation.

Russia and Indonesia work on direct bank settlement framework to bolster trade

bno - Surabaya Office April 16, 2025

Russia and Indonesia are currently working to establish direct settlement mechanisms between their respective banking institutions.

Bank of Korea expected to lower rates in April despite currency slide

bno - Jakarta bureau April 10, 2025

South Korea's central bank is leaning towards reducing interest rates this April, even as the national currency hits its weakest point since 2009.

Bank Indonesia: Rupiah slide won’t trigger debt or inflation crisis

bno - Surabaya Office April 9, 2025

Bank Indonesia has assured the public that the recent depreciation of the rupiah will not lead to increased debt burdens or inflationary pressures.

PANNIER: China’s big push into Uzbekistan

Bruce Pannier March 1, 2025

Wave of projects in energy, mining, factories and construction and water conservation. Critical minerals could be next.

Singapore’s lender OCBC warns of slower loan growth in 2025 after missing profit estimates

bno - Surabaya bureau February 26, 2025

Oversea-Chinese Banking Corp, Singapore’s second-largest lender, has forecast a slowdown in loan growth for 2025 following a weaker-than-expected rise in fourth-quarter earnings.

Hacker targets Indonesian banks with ransomware threats

bno - Surabaya bureau February 10, 2025

Bjorka, the hacker who previously made headlines in Indonesia during 2022 and 2023, has resurfaced, now using an X account to warn that several major Indonesian private and state-owned banks are potential targets of ransomware attacks

Russia’s Mir cards remain an open question in India

bno Chennai bureau February 5, 2025

Indian Ambassador to Russia Vinay Kumar has expressed optimism about Indian financial institutions adopting Moscow’s Mir payments system and Russian banks adopting New Delhi’s RuPay payments system

Reserve Bank of India resumes bond purchases after three years to manage liquidity

bno - Mumbai bureau January 29, 2025

The Reserve Bank of India conducted net purchases of government bonds in the secondary market last week.

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