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Banking / Investment in Asia

  • Eximbank to push RMB internationalization in next five years (14/12/2010)

    CHINA, 2010/12/14 The Export-Import Bank of China (China Eximbank) said Monday it would push for a additional internationalized Renminbi over the next years and enhance the role of the Chinese currency in cross-border trade settlement. Li Ruogu, President and Chairman of China Eximbank, spoke at the bank's internal conference , saying the Chinese government policy bank would rely on its chance in the use of Renminbi for cross-border trade settlement and yuan-denominated financing activities overseas to boost a additional internationalized Renminbi in cross-border trade and investment.

  • Raises interest rates for fifth time this year

    INDIA, 2010/09/29 India’s central bank has raised interest rates by additional than expected as it continues to battle high inflation. The Reserve Bank of India increased its repo rate - the rate at which it lends to banks - to 6% from 5.75%. It raised the reverse repo rate - the rate at which it borrows from banks - to 5% from 4.5%. Economists had expected a rise to 4.75%. It is the fifth rate hike this year as India has faced double-digit inflation, although it fell to 8.5% in August.

  • Policy of growth

    THAILAND, 2010/09/05 Thailand’s insurance sector looks set to shake off any lingering concerns following the recent period of political instability. A number of insurers recently reported strong increase in premiums and earnings for the prime months of 2010, a trend that is expected to continue into 2011.

  • Thailand’s banking sector

    THAILAND, 2010/08/12 Thailand’s banking sector appears to have seen off the worst effects of the world recession and, far closer to home, long-running social unrest and seems to be gaining momentum as the country’s economy begins to gather pace. A recent statement by international ratings agency Fitch said Thailand’s banks were expected to perform soundly in the foreseeable next and continue to show resilience next the economic and political shocks of the completed years.

  • The Bank of Indonesia, the country’s central bank

    INDONESIA, 2010/08/10 The Bank of Indonesia, the country’s central bank, called leading bankers to a conference last week to discuss new regulations aimed at increasing bank lending. While Indonesia’s banking sector has remained relatively robust over the last 18 months, there are concerns that banks are not doing enough to offer credit to certain sectors of the economy, a situation that is stifling potential increase.

  • Brunei Darussalam is getting a new monetary authority,

    BRUNEI , 2010/08/04 Brunei Darussalam is getting a new monetary authority, a move that will cheer both the business and banking communities, which have long awaited such a development. His Majesty the Sultan and Yang Di-Pertuan, Haji Hassanal Bolkiah, took the opportunity of his 64th birthday, on July 15, to give a major speech announcing the establishment of the new organisation. “This body will be responsible for each monetary policy, monitoring of financial institutions and currency trading,” His Majesty announced.

  • Vietnam Commercial Banking Report Q1 2011

    VIETNAM, 2010/01/18 Weak Credit Increase To Depress Banking Sector Profits We believe credit increase in Vietnam will miss the government's target of 25.0% for 2010 as lending rates remain high at 13.0-14.0% as of July. Intense competition for deposits between commercial banks will as well depress profit margins, further weakening banks' bottom lines in 2011.
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