Trade Finance

Kasikornbank launches funds transfer service for all AEC+3 currencies at every branch

It's the first bank to have a transfer service for the 10 Asean currencies and the yuan, yen and won.

Kasikornbank opens second Border Trade Business Centre in Mukdahan

The bank aims to boost value of border trade by US$22m.

SWIFT appoints Lisa O'Connor as Asia Pacific head of standards

SWIFT recently announced the appointment of Lisa O’Connor as Head of Standards, Asia Pacific, based in Hong Kong. As the adoption of financial...

In Asian trade finance, fortune favours the brave

Asian banks that step up to expand services to SMEs, embrace digitisation, and harness blockchain may find the risks well worth the rewards.

Deutsche Bank appoints new trade finance heads for South Korea and Japan

According to a release, Jae-Sun Rah has been appointed Director, Head of Trade Finance & Working Capital Advisory – South Korea effective 1 September...

Malaysia's RMB use increased 68% over the last 12 months

It's the second most used currency for payments with China and Hong Kong.

Should DBS worry about its SGD22bn oil and gas exposure?

DBS expects minimal specific provisions for this portfolio in 2016.

RMB gaining ground as global trade currency

Yuan continues to gain favor after inclusion in the IMF’s SDR Basket and Implementation CBIS.

UOB, ICBC complete Singapore’s first offshore RMB bond-pledged repurchase agreement

This marks an additional means of cash liquidity for local businesses.