TOKYO – Investors betting that the US Federal Reserve is throttling back on interest rate hikes aren’t paying attention to events in China. The jump in oil and other key commodity prices already points to a China reopening trade that’s likely only just beginning. In the last month, Xi Jinping’s economy swung suddenly from “zero-Covid” […]Continue Reading
SINGAPORE: Private home prices rose at a slower pace in the fourth quarter of 2022 amid lower sales due to a lack of major launches, cooling measures, rising interest rates and weaker global economic projections. Prices of private residential properties rose 0.4 per cent in Q4 of 2022, compared with the 3.8Continue Reading
Banks in Singapore are now offering higher interest rates for some foreign currency fixed deposits than Singdollar deposits.Continue Reading
SINGAPORE: Starting Jan 31, phone messages from organisations that have not enrolled in a central SMS registry will be labelled “likely scam”. As part of measures to protect consumers against scams, all organisations that send SMSes using alphanumeric sender IDs – SMS labels with alphabets or numbers typically sent through applications –Continue Reading
TOKYO: Sharp one-sided currency moves cannot be tolerated, Japan’s top finance diplomat Masato Kanda told Reuters, reaffirming Tokyo’s determination to intervene in the foreign exchange market to curb any speculative or significant yen moves. “Sharp, one-sided moves as seen last year are not desirable or cannot be tolerated from theContinue Reading
Aims to popularise cashless payments through exhibitions and activities
78% of Malaysia still prefer cash in 2021, and is expected to increase further in 2022 The Malaysian Communications and Multimedia Commission (MCMC), in collaboration with Payments Network Malaysia Sdn Bhd (PayNet), has launched the Cashless@PEDi pilot project at 28 selected Keluarga Malaysia…Continue Reading
SINGAPORE: Digital red packets and QR gift cards have risen in popularity this Chinese New Year, with some local banks seeing a surge of up to 30 per cent more e-hongbao given out compared to last year. This is despite the lifting of COVID-19 restrictions allowing families and friends toContinue Reading
Since last August, the Bank of Korea has raised interest rates from a record low of 0.5 per cent to 3.5 per cent – the highest since 2008.Continue Reading
On Thursday, the Kyrgyz Ministry of Transport announced that “representatives of Uzbekistan’s Temir Yollari JSC, the national railway company, arrived in the Kyrgyz Republic to participate in the opening of a joint Project Office to coordinate the construction of the China-Kyrgyzstan-Uzbekistan (CKU) railway.” This news was not an isolated event but rather further confirmation that […]Continue Reading
A better way to approach this is to shift the onus to institutions, including banks, that are trying to digitalise, said Asst Prof Ang. These institutions should bear the responsibility of minimising the burden that they impose on their most vulnerable users when implementing digital tools, whether it has toContinue Reading