Consumer complaints provide a transparent view into the public’s interaction with financial services and frequently act as preliminary indicators of potential dangers within the financial network.
Turkey merges state Islamic banks in financial sector overhaul
Turkish president Recep Tayyip Erdogan last week announced the merger of three state-owned Islamic banks, unveiling a restructuring plan aimed at expanding the role of participation banking within the …
War seen posing ‘manageable’ risk to PH financial stability
MANILA, Philippines – The war in the Middle East presents a meaningful but manageable risk to the Philippines’ financial stability, a central bank-led group said, noting that the banking system has …
PM advisor: 2027 budget to secure Iraq’s fiscal stability amid 2026 shocks
Presidential financial advisor Mudher Mohammad Saleh detailed how Iraq is utilizing emergency financial laws to secure public salaries while drafting a reformative 2027 budget.
IMF says Iraq faces growing financial pressures in 2026
Iraq would experience increased financial constraints in 2026 as a result of growing energy subsidy costs and rising governmental debt.
South Korea’s KOSPI craters over 8% as Fed fears spark tech rout
South Korea’s stock benchmark plunged over 8% on Monday, tripping circuit breakers, after robust U.S. jobs data lifted bets on a Federal Reserve …
Vietnam targets cashless payment value reaching 30 times GDP by 2030
Vietnam targets that by 2030, 95% of people aged 15 and above will have bank transaction accounts, while the value of cashless payments will reach 30 times GDP.
Vietnam-Philippines partnership puts VinFast in Philippine ecozone frame
The Philippines’ PEZA said a recent visit by Vietnamese President Tô Lâm, which raised bilateral ties to a comprehensive strategic partnership, is expected to open fresh avenues for trade, investment …
Bangladesh bled $68b in 10yrs due to misinvoicing
Bangladesh lost an estimated $68 billion in illicit financial outflows over a decade between 2013 and 2022, placing it among the top 10 developing Asian countries for discrepancies in their trade with …
Philippines warns of FX risks as big firms face US$26 bil debt bill
Philippine financial regulators are sounding off potential foreign exchange risks as big conglomerates face large debt maturities of about 1.6 trillion pesos over the next three years.