Tag: banking

The drawdown loans for Central Yards on Hong Kong Island are for HK$50m from Hang Seng Bank and HSBC, respectively; the focus will be on urban biodiversity restoration and conservation.

Amid multiple attacks from Iran, and continued Israeli and US strikes, there is great uncertainty in the region. Gas and oil prices are rising as QatarEnergy has stopped liquid natural gas production while the Strait of Hormuz is increasingly dangerous.

Minh Ngo is the first Vietnamese national to take on the role; the US bank has been in the country for over three decades.

CT recently caught up with Manoj Dugar and Yvonne Yiu, HSBC’s Apac regional co-heads, global payments solutions, about how payments are being impacted by tariffs, AI, cost pressures, differing systems, and the desire for speed and interoperability.

The Singaporean Citi veteran has over three decades of experience at the US bank and replaces Tibor Pandi.

Wendy Ooi has joined the Japanese bank from Standard Chartered, effective June 16.

Zhang Wenjie will return to Citi as the bank’s country officer and banking head for China in July.

The idea is to harness the HKMA's Commercial Data Interchange to help improve access for SMEs to trade finance.

Phil Carmalt will start in the role at BofA on May 29 and will continue to be based in Hong Kong.

The partnership will will help UAE's offer services including BIN-sponsorship, virtual IBANs, and client money accounts.

Asian corporates may see themselves as global organisations, but also appreciate the merits of banking partners that understand the unique characteristics of their regional markets.

The bank wants to ease barriers for companies expanding into new markets by providing market insights into issues such as tax, FDI and regulations, with an initial rollout covering the Lion City, Indonesia and Malaysia.