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SINGAPORE: The Monetary Authority of Singapore (MAS) said it plans to revise rules governing foreign banks with a substantial local presence that may allow them to open digital-only banking subsidiaries.
HONG KONG: Standard Chartered PLC (StanChart) posted a 33% fall in first-half profit after credit impairment charges jumped six-fold as a result of the coronavirus pandemic and economic downturn, and it struck a cautious note for rest of the year.
HONG KONG/LONDON: Standard Chartered PLC on Thursday posted a 33% fall in its first-half profit, as the bank boosted its credit impairment charges by six-fold as a result of the Covid-19 pandemic and economic downturn in its main markets.
Company will also reduce its capex for this year
LONDON: Standard Bank Group Ltd said first-half profit plunged as the fallout from the coronavirus hit customers of Africa’s largest bank.
KUALA LUMPUR: Axiata Group Bhd is taking advantage of the current low-interest-rate environment to raise US$1bil worth of sukuk.
KUALA LUMPUR: Axiata Group Bhd will be issuing sukuk of up to US$1 billion (US$1 = RM4.26) with four banks arranging the issuance, namely CIMB Bank, UBS Bank, Citibank and Standard Chartered Bank.
SINGAPORE: Temasek Holdings' net portfolio value (NPV) fell for the first time in four years, hit by the coronavirus pandemic but the Singapore state investor said on Tuesday it was ready to invest in opportunities arising from volatile market conditions.