Showing 1 - 10 of 46
OCBC, Bangkok Bank, First Abu Dhabi join Hong Kong's US$14 billion offshore yuan scheme
South China Morning Post, Published on 02/01/2026
» Leading banks from Southeast Asia and the Middle East, including Bangkok Bank, OCBC, First Abu Dhabi Bank and Qatar National Bank, have joined the Hong Kong Monetary Authority's (HKMA) expanded yuan liquidity facility, underscoring the city's push as a global offshore renminbi (RMB) business hub.
Paetongtarn’s suspension hits Thailand's troubled economy
Bloomberg News, Published on 02/07/2025
» Thailand’s ruling coalition was already fraying when a court suspended Prime Minister Paetongtarn Shinawatra on Tuesday, raising fresh doubts about her survival, the country’s economy and the future of a dynasty that has loomed over the Southeast Asian nation for decades.
China steps up stimulus campaign
Reuters, Published on 12/10/2024
» BEIJING - China pledged on Saturday to “significantly increase” debt to revive its sputtering economy, but left investors guessing about the overall size of the stimulus package, a vital detail to gauge the longevity of its recent stock market rally.
40 Singapore bank staff sacked for medical claims abuse
Bloomberg News, Published on 27/04/2024
» Bank of Singapore, the private-banking arm of Oversea-Chinese Banking Corp (OCBC), has fired up to 40 employees over the misuse of medical benefits, Channel NewsAsia (CNA) has reported.
Bumper year for mergers and acquisitions
Business, Komsan Tortermvasana, Yuthana Praiwan and Somruedi Banchongduang, Published on 27/12/2023
» Firms in several sectors expanded operations at home and overseas.
Singapore bank sues money laundering suspect for $15 million
Bloomberg News, Published on 01/12/2023
» SINGAPORE - Oversea-Chinese Banking Corporation (OCBC) has sued a suspect involved in Singapore's biggest money laundering case, marking the first known case of a lender in the city-state taking action to recover losses.
Baht depreciates further; other Asian FX steady
Reuters, Published on 28/09/2023
» BENGALURU - Thailand's baht slumped to its lowest in more than 10 months on Thursday, hit by persistent worries over the country's fiscal outlook, while other Asian currencies steadied after recent losses against a rallying United States dollar.
Baht slips to 10-month low
Reuters, Published on 26/09/2023
» The Thai baht and Indonesian rupiah led the losses among Asian currencies on Tuesday, pressured by strength in the US dollar as signs of economic resilience and hawkish Federal Reserve rhetoric pushed US bond yields to 16-year highs.
Laundering scandal ensnares Singapore banking giants
Bloomberg News, Published on 30/08/2023
» SINGAPORE: Some of the biggest local and international banks in Singapore are becoming embroiled in one of the city-state’s largest money laundering cases involving over S$1 billion (US$740 million) worth of assets.
Baht at two-month high on political optimism
Reuters, Published on 20/07/2023
» The baht strengthened against an easing dollar on Thursday after signs of a premiership battle ending improved investor sentiment, although equity markets in the region struggled for direction.