Editorial: Securing food for all

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 […]

BSP calls for law punishing hoarding after seizure of P50M in 1-peso coins 

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 […]

ADB, partner institutions to finance sustainable infrastructure

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 […]

BoJ flags pressure on economy

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 […]

Cryoviva Singapore Expands Cord Blood Banking Services to Bahrain

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 […]

Baanx Acquires Stake in Major US Fintech Bank

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 […]

National ID seen easing remittance transactions

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 […]

TEC case study on the Future of Work: Standard Chartered Bank found that around 75% of their employees wanted greater workplace flexibility

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 […]

Xfers & SEBA Bank Named Finalists for Global CBDC Challenge organised by the Monetary Authority of Singapore

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 […]

Central bank to allow multiple PESONet settlements by Q4

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 […]

Yincheng International Holding Announces 2021 Interim Results

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) […]

BSP vows to back economy with accommodative stance

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. […]