Markets

ADB temporarily closes headquarters due to COVID-19

A visitor reportedly tested positive for the coronavirus.

ADB temporarily closes headquarters due to COVID-19

A visitor reportedly tested positive for the coronavirus.

ASEAN lenders on the defense amidst oil volatility, COVID-19

Falling visibility is evident despite lower prices and stimulus measures.

Vietnam's e-commerce market to reach $17.3b in 2023

Total online spending doubled to $9.4b in 2019 from $3.9b in 2015.

COVID-19 spells slow loan growth, higher NPLs for Philippine banks

Credit growth will likely be down to 8-10% in 2020.

Asian Development Bank unveils new Singapore office

It comprises 12 specialists from ADB’s PSOD and Office of Public-Private Partnership.

Malaysia's latest OPR cut needed to cushion COVID blow

The central bank slashed OPR to 2.5% amidst the virus’ global and domestic impacts.

Solvency improvements threaten Vietnamese banks' strong 2019 performance

The State Bank of Vietnam is expected to allow Basel II banks to grow loans faster.

Philippine central bank to relax rules on ASF, COVID-hit banks

BSP may stagger booking allowance of credit losses and waive penalties.

Japan banks' profits, asset quality further battered by COVID-19 outbreak

Lower interest rates and higher credit costs spell more trouble.

Coronavirus outbreak pushes back funds for China's state finance firms

But they will continue to get government support given their involvement in public infrastructure.

Central bank's push for economic support a blow to Chinese banks

The PBOC has depended on banks for debt reprieve to virus-hit firms.

Chart of the Week: APAC banks not reliant on market-sensitive income

Further drops in prices of financial assets are likely if the COVID-19 outbreak persists.

COVID-19 pushes Thai asset manager to the top

Bangkok Commercial Asset Management’s shares ballooned by 74% this year.

Asian bankers ready for nCov deal droughts

Several auctions and potential Chinese IPOs are being delayed or re-assessed.

Chinese financial firms face heightened risk from coronavirus outbreak

A significant loosening in the monetary policy will exert additional pressure on bank capital.