To understand the Silicon Valley Bank (SVB) collapse spooking markets, look no further than events in Jakarta. The Indonesian rupiah’s 3.2% drop since February 1 demonstrates how quickly Asia has resigned itself to the fact that the US Federal Reserve isn’t done tightening. Another batch of too-strong-for-Fed-comfort US employment figures in February only increased the […]Continue Reading
NEW YORK – US bank regulators Sunday announced a massive response to last week’s run on Silicon Valley Bank (SVB) and the risk of copycat runs against other regional banks. The Federal Reserve will provide one-year loans against banks’ security portfolios through a new Bank Term Funding Program, eliminating the risk that banks might be […]Continue Reading
To achieve its goal of carbon neutrality by 2060, China is retrofitting coal-fire powered plants, expanding energy storage systems, and changing the demand for energy across key sectors, according to a collaborative article from MioTech and GIC.Continue Reading
We would like to invite market participants to submit entries to the 27th iteration of FinanceAsia’s awards, which recognise Asia’s financial services industry.Continue Reading
US private equity firms funded a scant $100 billion in new deals during 2022’s fourth quarter, barely more than a third of the 2021 peak, the website EY.com reported. The trade group blamed “lingering impacts of the Covid-19 pandemic, rising interest rates at home, and conflicts abroad” for the poor showing. Private equity commitments in […]Continue Reading
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Scott Steele takes on a newly created role serving Asian and European clients, from London.Continue Reading
India’ s domestically-driven economy and Indonesia’ h commodity-led exports should provide some strength despite a more difficult operating environment characterised by higher global inflation, rising rates of interest and liquidity tightening. Elaine Koh, senior director for Asia-Pacific non-bank financial institutions from Fitch Ratings talks about the prospects meant for India and Indonesia’ s finance and leasing sector in the current economic environment.Continue Reading
Singapore-based conglomerate RGE has won two awards in the Corporate Treasurer Honours 2022 for using Sustainability Linked Financial loans (SLLs) to crystalise the group’ s i9000 ESG-related targets.Continue Reading
The finance offers exposure to Southeast Asia-headquartered start-ups via the digital exchange, with commitments starting from $20, 000.Continue Reading