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RAM Ratings optimistic on digital bank licences in its rated portfolio
KUALA LUMPUR: RAM Ratings Services Bhd is optimistic on the digital bank licences recently secured by four RAM-rated entities although no immediate rating impact is expected.
Shanghai heading out of lockdown but China still lost in economic gloom
BEIJING: Pandemic-hit Shanghai, China's financial hub, unveiled more post-lockdown plans on Thursday as it moves towards a return to normalcy, but a country-wide economic recovery is still a distance away, heightening a sense of urgency for more support.
JPMorgan ups forecast amid expenditure queries
Investors assured of growth despite cost questions
Bank Indonesia keeps rates unchanged to underpin recovery
JAKARTA: Indonesia's central bank kept its main policy rates unchanged on Tuesday, trying to balance providing support for a recovery in Southeast Asia's biggest economy with efforts to anchor inflation and maintain a stable rupiah currency.
Central bank has no plans to sell bonds in portfolio
SYDNEY: Australia’s central bank has no plans to sell bonds from its portfolio, assistant governor Chris Kent said yesterday, even as he acknowledged it has now embarked on “quantitative tightening”(QT).
Key rate cut gives market major boost
BEIJING: The latest reduction of a key benchmark lending rate in China on Friday significantly boosted market confidence, delivering a strong signal that the nation is determined to fully leverage multiple tools to safeguard economic stability, experts say.
BNPL – A debt bondage?
WITH the emergence of technology and changing customer behaviour, a new form of payment option, driven mainly by startups, is taking shape not only in Malaysia but globally.
China banks cut key rate by record to boost ailing economy
CHINESE banks cut a key interest rate for long-term loans by a record amount, a move that would reduce mortgage costs and may help counter weak loan demand caused by a property slump and Covid lockdowns.
KPS gets money lending licence
KUALA LUMPUR: KPS Consortium Bhd’s wholly-owned subsidiary, Hai Ming Marketing Sdn Bhd (HMMSB) has received the Money Lending Licence issued by the Registrar of Moneylenders of Housing and Local Government Ministry.
