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BoC opens yuan repurchase facility in Hong Kong
20 Feb 11
Bank of China is opening a yuan repurchase facility in Hong Kong that will boost the Chinese currency's business in the territory.
HCM City probes forex practices among banks
19 Feb 11
The HCM City People's Committee has set up a team to investigate if banks have been selling US dollars at above the official selling rate by...
HSBC launches renminbi deposit accounts in Singapore
15 Feb 11
HSBC said it has launched renminbi deposit accounts for its customers in Singapore, making it one of the banks offering such services in Singapore...
Vietnam banks demand ‘fees’ to sell dollars
15 Feb 11
Vietnam's banks are selling dollars to businesses at a premium on the official rate by adding “consulting” fees.
DBS Bank downgrades dong's outlook
15 Feb 11
DBS bank downgraded its forecast for the dong and expects the currency to decline by another 3.75 per cent against the U.S.
Vietnam banks raise dollar rates to attract remittance
6 Feb 11
Vietnam Banks’ depositing interest rate are moving up to attract strong remittance inflows that come in ahead of Tet, the Lunar New Year...
Cambodian bank stops Vietnamese taking ATM dollars
2 Feb 11
A bank in Cambodia has stopped certain Vietnamese from getting dollars from its ATMs after a surge in withdrawals.
PBoC starts trial for RMB direct investment overseas
18 Jan 11
The People’s Bank of China has allowed Chinese enterprises to use the RMB in direct overseas investment on a trial basis....
Issues raised by the SPC’s recent judicial interpretation on FIE Disputes
3 Jan 11
On August 5, 2010, the Supreme People’s Court of the People’s Republic of China issued the Provision on Several Issues on the Trial of...
Businesses in the Asia-Pacific Region are recovering from the shocks to the Global Economy
3 Jan 11
The latest ICAEW Global Enterprise Survey suggests businesses in the Asia-Pacific region are recovering from the shocks to the global economy....
Siam Commercial pushes SME forex hedging
9 Sep 10
Lender attempts to teach SME customers and offer promotional campaigns to hedge against financial risk.
Citic HK to issue US Dollar subordinated bond
22 Jun 10
10-year bond released by lender is rated Baa3 by Moody's and BBB by Fitch.
NB Bank to remit money from Oman
1 Jun 10
NBB entered an agreement with Oman International Exchange LLC to extend inward foreign currency remittance facility to Nepalis in Oman.
Shanghai banks to begin China-Taiwan currency exchange operations
14 May 10
Move eases Taiwan visitors in Shanghai to convert their New Taiwan dollars to Chinese yuan.
Bank Simpanan Nasional partners with Bank Rakyat Indonesia
30 Apr 10
Tie-up aimed to generate 40,000 monthly transactions on money transfer services to Indonesia.
Affin Bank launches new fixed deposit product
31 Mar 10
Product enables customers with account in local currency to be converted to any foreign currency.
StanChart first in HK to facilitate renminbi trade locally
24 Mar 10
Standard Chartered Bank completed the first domestic RMB trade settlement transaction outside Mainland China.
Hang Seng sets RMB prime rate
24 Mar 10
Hang Seng became the first bank in Hong Kong to set an RMB prime as the base rate for RMB finance.
Bank of the Philippine Islands expects $5bln remittances
18 Mar 10
BPI positive it will surpass $4.5 billion in 2009 as US and global economy rebounds.
Bank of the Philippine Islands launches yuan-denominated account
16 Feb 10
Growth in yuan transactions to $25.54mln in 2009 from $7,313 in 2008 prompted Renminbi products offering.
Public Bank to offer yuan accounts
19 Jan 10
Public Bank now offers Chinese Yuan Fixed Deposits and Chinese Yuan Current Accounts through an arrangement with Bank of China Berhad.
DBS facilitates Singapore remittance to Indian banks
30 Nov 09
A partnership with State Bank of India will allow DBS customers to remit online from Singapore to 46,000 bank branches in India.
OCBC's proposed subordinated notes rated 'A'
13 Nov 09
Standard & Poor's assigned its 'A' issue rating to OCBC's proposed US dollar-denominated subordinated notes issue due 2019....
Maybank eyes increased China trade
4 Nov 09
Maybank expects to boost growth in trade finance business with China by 15 percent with renminbi trade services at regional offices.
Metrobank addresses Philippine demand for Yuan products
12 Oct 09
Metrobank became the first Philippine bank to offer Chinese Yuan denominated offerings which was piloted in Metro Manila last 28 September....
KEB enhances currency trade through CDs, ATMs
9 Oct 09
Korea Exchange Bank now facilitates Won withdrawals from foreign currency accounts using CDs and ATMs with its new KRW IC Cards.A customer can...
HSBC RMB trade leads to RMB bond purchase
29 Sep 09
A Hong Kong businessman bought RMB-denominated bonds out of the renminbi equivalent of US$2.19 million he received via the renminbi trade.The said...
BOCHK, BCA sign agreement
23 Sep 09
BOCHK expands business of its RMB services by tapping Indonesian bank BCA.According to a report in Trading Markets, Bank of China Hong Kong has...
Seylan's 1st half remittances reach $110.4M
10 Sep 09
Personalised service to Sri Lankan overseas workers allowed Seylan Bank to disburse US$110.48 million in remittances in the first semester.While...
Malay, Singaporean banks tie-up for yuan trade
18 Aug 09
Hong Leong Bank partnered with the Industrial and Commercial Bank of China in Singapore to offer trade settlement services in Yuan.
Standard Chartered HK first in 2-way RMB trade
13 Jul 09
Standard Chartered Bank Hong Kong has completed the first cross-border trade settlement transactions in RMB.
Hang Seng signs renminbi deal with 2 banks
10 Jul 09
Hang Seng Bank signed an agreement with Bank of China (Hong Kong) on renminbi settlement and clearing services for cross-border trade.The Bank...
HSBC first to settle cross-border renminbi trade
8 Jul 09
HSBC, in cooperation with Bank of Communications or BoCom, became the first foreign bank to settle a cross-border trade in renminbi.HSBC in Hong...
Standard Chartered among first banks in renminbi cross-border trade
7 Jul 09
The Standard Chartered Bank Hong Kong signed the agreement for the implementation of Renminbi cross-border trade settlement pilot scheme with Bank...
Hong Kong boosts role as renminbi centre for China
7 Jul 09
Hong Kong banks will encourage customers engaged in trade between Hong Kong and Mainland China to settle trade transactions in renminbi.According...
Philippines GIR for end-May at US$39 billion
8 Jun 09
The Philippines' gross international reserves as of end-May stood at US$39.319 billion, higher by US$3 million from the previous month’s...
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