News

OCBC Malaysia launches new payment system

OCBC Malaysia launches new payment system

Easi-GIRO gives solutions to help businesses manage their cashflow and records about 250,000 transactions per month.

MBK seeks takeover of partial KEB stake

Deal between MBK and Lone Star relies on what ANZ plans to do. 

KB chief mulls downsizing 10% of workforce

Senior employees about to retire will be encouraged to take early retirement compensation package.

Korea to offer $6.16bln Woori stake late October

Government to Woori stake as it may use divestment to create a dominant financial holding company.

Bank of China to strike deal with 4 Taiwan banks

MOUs to likely pave way for future direct yuan settlements between BOC and Taiwanese lenders.

HSBC China Dragon Fund gets approval for repurchase mandate renewal

Chinese equity fund aims to point out hidden opportunities in fast-growing economy with daily trading convenience.

Korean bank secures $262mln syndicated loan in Taiwan

17 participating banks were higher than what Kexim expected in fund raising initiative in Taiwan.

DBS targets 20-30% assets growth in major Asia markets

Lender expects to expand S$35bln private banking opertions by adding China, Indonesia, and India market.

Mandiri to offer $1.6bln rights issue in 2011

Date of launching to depend on BNI's rights issue offering scheduled at end of the year. Bank Madiri, Indonesia’s largest bank by asset value, said it supported the government’s decision to put the Bank Negara Indonesia (BNI) rights issue ahead of its own, Mandiri’s chief financial officer Pahala N. Mansury said Sunday.

Stanchart on hunt for employees for SME operations

Lender aims to beef up workforce by adding 1,200 as it plans to double SME clients.

KEB union to back ANZ bid with conditions

Prefers financial services provider as major shareholder if firm can keep KEB’s identity and job security.

Public Bank and Esso Mobil launch co-brand cards

The PB-Esso Mobil Visa Gold Credit and Debit Cards, launched at the Esso service station in Jalan Ampang, Kuala Lumpur, focus on the needs of drivers and support their affiliation to the Esso and Mobil brands.

Maybank Syariah Indonesia may launch operations next year

Lender’s conversion to sharia of commercial bank still needs endorsement by BII shareholders to materialize.

India government taps SBI for $11bln infrastructure fund

Government enforces measures on improving nation’s infrastructure after ranking 89th in Global Competitiveness Index.

ANZ seen to bid for entire KEB stake

Nomura “would be surprised” if ANZ is not considering making takeover bid after lender raises $1.6mln.

KB Financial gears up for global expansion

Lender's chief said it must prepare to form strategic alliances with global companies.

Siam Commercial assists SMEs in locating funds

Private equity funds' search for SMEs and latter's financing needs prompts SCB to act as middleman.