Asia Banking
Kazakhstan’s big league fintech Kaspi acquires 65% of Turkish Nasdaq peer Hepsiburada for $1.1bn
E-commerce platform’s share price jumps 40% as news of its new owner breaks.
Yen plummets as Ishiba signals no immediate rate hike from BOJ
Japan's yen has taken a significant hit, plunging to 147.15 against the US dollar, following dovish comments from Prime Minister Shigeru Ishiba regarding interest rates
Uzbekistan joins Kyrgyzstan in committing to October start on China-Kyrgyzstan-Uzbekistan railway construction
Financing for CKU edging forward with finalised commitments still to be hammered out.
Philippines eyes bold rate cuts as inflation slows
As inflation eases, the Bangko Sentral ng Pilipinas is poised to consider significant interest rate reductions, with Finance Secretary Ralph Recto suggesting the possibility of mirroring the US Federal Reserve's recent aggressive move
IREDA, Punjab National Bank to strengthen their partnership in renewable energy financing
Indian Renewable Energy Development Agency Limited and Punjab National Bank are seeking to strengthen their partnership in renewable energy financing, IREDA announced on September 24.
India moves past China to become largest emerging market in MSCI index
India has overtaken China to become the largest emerging market in the MSCI All Country World Investable Market Index, marking a significant shift in the global investment landscape
Bank Negara Malaysia expected to keep interest rates steady amid inflation concerns
Bank Negara Malaysia held its overnight policy rate steady at 3.00% during its latest monetary policy meeting in September 2024, signalling that the central bank is unlikely to make any further rate adjustments for the remainder of the year
Malaysian ringgit set to strengthen against US dollar on strong demand and economic indicators
The ringgit is anticipated to appreciate against the US dollar in the coming week, driven by sustained demand for Malaysia's currency
Bank Indonesia projected to cut benchmark interest rate by 50 basis points by end of 2024
Bank Indonesia is expected to reduce its benchmark interest rate, or BI-rate, twice by a total of 50 basis points by the end of 2024
Philippines to lift moratorium on digital banking licences starting January 2025
The Bangko Sentral ng Pilipinas announced on August 8 that it will lift the moratorium on new digital banking licences beginning January 1, 2025
Japan’s Nikkei nosedives over 12% on fears of US recession, Taiwan’s Taiex drops over 8%
Japan's Nikkei index, reflecting the share price fluctuations of 225 leading Japanese companies, fell by 12.4% by the close of the August 5 trading session.