Baoshang was taken over by the government in May 2019, part of an onerous process by the financial and banking regulators to clean it up, recapitalise and resuscitate it to avoid a whole scale ... ( read original story ...)
MAS urges finance firms to cap dividends, following similar advice to banks
Finance companies incorporated in Singapore have been urged to cap their dividends, said the Monetary Authority of Singapore (MAS) on ... ( read original story ...)
Singapore c.bank urges finance firms to cap dividends
The Monetary Authority of Singapore said on Friday it had urged finance companies incorporated in the city-state to cap their dividends in order to improve their ability to support the credit needs of ... ( read original story ...)
MetLife Foundation Commits $500,000 to Lebanon Relief Effort
MetLife Foundation announced today a commitment of $500,000 to help Lebanon recover and rebuild from the Beirut port explosion. ( read original story ...)
Asian Refiners to Ask for Less Crude After Saudi Cut Underwhelms
Several Asian refiners struggling with weakening demand will ask Saudi Arabia for less crude next month after the kingdom cut official selling prices by a smaller amount than the processors had been ... ( read original story ...)
S. Korea to face mounting public debt next year: IMF
South Korea’s public debt is expected to surge until next year due to aggressive government spending to revive the sluggish local economy, according to the International Monetary Fund on Friday. The ... ( read original story ...)
Participants for “FINANCE FOR NON-FINANCE MANAGERS Course” receive certificates
Silverman Financial Literacy Institute (SFLI), an SME and Microfinance training and development institute, held its maiden graduation ceremony for participants of “Finance for Non-Finance Managers” ... ( read original story ...)
Turkey’s Perilous Game With Markets Reaches a Crossroads
Investors in Turkey are no strangers to volatility that for years has plagued one of the Middle East’s largest economies. But not everyone may stick around this time. ( read original story ...)
ASEAN’s investment contributes significantlly to Vietnam’s economic development
Since Vietnam joined ASEAN (July 28, 1995) and committed to the implementation of the ASEAN Free Trade Agreement (AFTA) in 1996, ASEAN's direct investment has contributed significantly to Vietnam’s ... ( read original story ...)
Philippines Says Government Savings Used Up Amid Pandemic
Philippine Finance Secretary Carlos Dominguez discusses the government's efforts to support its citizens and the economy amid the coronavirus outbreak. The economy suffered its deepest contraction on ... ( read original story ...)