GEORGE TOWN, CAYMAN ISLANDS / SEAPRWire / October 8, 2021 / – Recently, Synthesis Bank has announced the launch of public sales of its own token.Synthesis Bank is an investment bank built on the Ethereum smart contract. Users can use it to invest in crypto assets and other new alternative financial products in the blockchain and defi ecosystem. […]
The food bank to be set up by the Cebu City Government addresses more than food security. Cebu City Councilor Alvin Dizon proposed the establishment of a food bank to address food security during disasters and other emergencies, reported Wenilyn B. Sabalo in SunStar Cebu on Oct. 2. City Ordinance 2570, also known as “An […]
THE CENTRAL bank is pushing for legislation against coin hoarding following the recent seizure of P50 million worth of coins in Quezon City. “The Bangko Sentral ng Pilipinas (BSP) is advocating the passage of a law on the hoarding of an extremely large volume of coins, as the central bank believes that the criminalization of this activity reinforces […]
THE Cebu City Government will need to allocate P3 million in order to establish a “food bank” aimed to feed affected residents during times of public health emergencies and calamities. Cebu City Councilor Alvin Dizon made the matter known in a proposed resolution he filed before the City Council on Wednesday, Sept. 30, 2021. In […]
THE Asian Development Bank (ADB) said it has teamed up with other institutions to set up a debt financing facility supporting sustainable infrastructure projects in Asia, beginning with Southeast Asia. In a statement Thursday, the bank said it partnered with HSBC Holdings, Singapore investment firm Temasek and Clifford Capital Holdings to establish the new platform […]
THE BANK of Japan (BoJ) held its key stimulus tools in place while flagging COVID-linked pressures on the economy ahead of a key ruling party election that is almost certain to determine the country’s next prime minister. The BoJ kept its negative interest rate and asset-buying targets unchanged Wednesday, as widely expected by economists. The […]
THE WORLD BANK has appointed economist Manuela V. Ferro as its vice president for East Asia and the Pacific to oversee the lender’s operations as it looks to help the region rebound from the coronavirus pandemic. The multilateral lender said in a statement on Thursday that Ms. Ferro will handle bank relations across 26 countries […]
DEUTSCHE BANK AG has just completed its first green repurchase agreement (repo), marking another foray into a world of increasingly complex environmental, social and governance (ESG) instruments. It’s the latest example of product proliferation in a market that’s moving much faster than regulators. JPMorgan Chase & Co. has already said it plans to attach ESG […]
Singapore, Sep 7, 2021 – (ACN Newswire via SEAPRWire.com) – Local family cord blood bank Cryoviva Singapore (https://cryoviva.com.sg) is continuing with its rapid geographic growth plans with an entry into the Bahrain market. This latest new market entry closely follows Cryoviva establishing a footprint in Dubai to serve couples in the UAE that are on […]
LONDON, Sep 6, 2021 – (ACN Newswire via SEAPRWire.com) – Baanx, the fast-growing B2B2C “Better than a Banking Platform” specialising in fintech services & lending, becomes the third-largest shareholder in the United States regulated Maxwell State Bank in a multi-million-dollar deal to enhance cybersecurity and banking access to communities throughout America. Maxwell State Bank is […]
THE NATIONAL ID initiative will help simplify the remittance process for recipients, an analyst for the Economist Intelligence Unit said. The biggest beneficiaries could be rural residents currently experiencing difficulty proving their identities for cash transfers, according to Swarup Gupta, industry manager at the EIU said. “That could really change things, because that makes identification […]
HONG KONG, Sep 2, 2021 – (ACN Newswire via SEAPRWire.com) – The office of the future must be an inspiring physical space that facilitates communication, cooperation and collaboration in order to encourage employees to come into the office, according to the latest case study by The Executive Centre (“TEC”), the leading premium flexible workspace and […]
SINGAPORE, Sep 1, 2021 – (ACN Newswire via SEAPRWire.com) – Xfers, a Southeast Asia based payments leader holding a Major Payment Institution (MPI) license for e-money issuance, together with its partner, SEBA Bank, a FINMA licensed Swiss Bank providing a seamless, secure, and easy-to-use bridge between digital and traditional assets, today announced that they have […]
LAND BANK of the Philippines (LANDBANK) opened 4.47 million accounts for applicants who registered to receive the national ID system as of the end of June, the equivalent of 47% of the ID registration total. The Department of Finance released the data on account openings in a statement Monday, citing a report from the bank. […]
THE BANGKO SENTRAL ng Pilipinas (BSP) targets to allow multiple settlements in PESONet by the fourth quarter and introduce streamlined digital payment options next year, BSP Deputy Governor Mamerto E. Tangonan said on Friday. Mr. Tangonan said the BSP is currently working to allow multiple batches of crediting for PESONet transactions from just once a day currently. He said they are […]
HONG KONG, Aug 20, 2021 – (ACN Newswire via SEAPRWire.com) – An established property developer in the PRC focusing on developing quality residential properties in the Yangtze River Delta Megalopolis for customers of all ages, Yincheng International Holding Co., Ltd. (“Yincheng International Holding” or the “Company”, together with its subsidiaries, the “Group”, Stock code: 1902) […]
THE Monetary Board has decided to close the window for the submission of applications from new digital banks, including converting banks, starting Aug. 31, 2021. This is in line with the overall thrust of maintaining a stable and competitive environment for banks. “The closure of the application window will allow the Bangko Sentral ng Pilipinas […]
Tokyo & Phnom Penh, Aug 18, 2021 – (JCN Newswire via SEAPRWire.com) – JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, and Advanced Bank of Asia Ltd. (ABA Bank), the digital banking leader in Cambodia and a subsidiary of National Bank of Canada, signed the License […]
THE PESO inched up versus the dollar on Wednesday on gains at the stock market and as investors expect the central bank to keep its supportive monetary policy stance. The local unit closed at P50.38 per dollar yesterday, gaining 1.5 centavos from its P50.395 finish on Tuesday, data from the Bankers Association of the Philippines […]
The Philippine central bank will keep a supportive monetary policy amid a slower-than-anticipated economic recovery, its governor said on Friday. “High-frequency indicators suggest that the economy is gradually recovering from the adverse effects of the pandemic, but it would appear that the recovery is slower than anticipated,” Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. […]