Bank
Malaysian ringgit undervalued, central bank says
MALAYSIA’S central bank on Tuesday (Feb 27) said the ringgit currency, which briefly hit a 26-year-low last week, is undervalued and should be trading higher on account of the...
Malaysia ringgit undervalued, should be trading higher, says central bank governor
MALAYSIA’S central bank on Tuesday (Feb 27) said that the ringgit, which briefly hit a 26-year-low last week, is undervalued and should be trading higher on account of the...
India central bank lifting curbs on forex non-deliverable forward arbitrage by banks
INDIA’S central bank is easing restrictions on banks’ arbitrage trades between the outright foreign exchange over-the-counter (OTC) and the non-deliverable forward (NDF) markets, four people familiar with the matter...
India central bank asks payment authority to consider Paytm request to become third party app provider
THE Reserve Bank of India said on Friday (Feb 23) it has asked the National Payments Corporation of India to examine a request from Paytm, formally known as One...
Greece to sell entire stake in Piraeus Bank in early March, sources say
GREECE’S bank bailout fund is likely to sell its entire 27 per cent stake in Piraeus Bank in early March, two sources close to the process said on Thursday...
Wee family members ‘welcome’ as part of bank succession if they have passion, desire: UOB CEO
MEMBERS of UOB’s controlling Wee family are “more than welcome” in the bank’s succession plans, but only if they have the passion and interest to be part of the...
HSBC cost conundrum intensifies investor bank scrutiny
CLIMBING costs at HSBC have added to growing investor concerns about how big banks manage their expenses, putting executives under pressure to quickly address spending. Although banks have seen...
Ringgit tanks to 26-year low; central bank maintains economic prospects remain positive
In a media statement, Bank Negara governor Abdul Rasheed Ghaffour maintained the central bank’s stance that Malaysia’s economic growth remained resilient, underpinned by the improvement in external demand and...
