World Business News
Singapore Cash Payouts to Reach PayNow Users First
About 3 million Singaporeans will get S$100 to S$250 in December, with PayNow-NRIC users paid first from December 8.
Category: Banking and Finance
ASEAN
Bank Indonesia Rolls Out Payment Data System to Fight Fraud
Bank Indonesia will phase in a payment system data infrastructure from November 2026 to 2028 to curb fraud and widen inclusion.
World Business News
Scammers’ E-Wallet Use in Philippines More Than Doubles
Reported use of e-wallets to move stolen money in the Philippines jumped to 73% from 34%, Coins.ph said, citing a GASA report.
World Business News
Vietnam, Laos Central Banks Push Wider Cross-Border QR Payments
Vietnam and Laos central banks plan to expand cross-border QR payments and local-currency use, aiming for US$10 billion in trade.
World Business News
SoftBank Posts $7 Billion Loss on US Data Centre Hit
SoftBank Group swung to a 1.1 trillion yen quarterly loss after a US$3.7 billion hit from revised US data centre plans.
Business News
Fahmi Says Online Banking Safe After Bank Rakyat Disruption
The government says online banking remains secure after Bank Rakyat's website was disrupted, while BSN and Bank Islam customers also faced service problems.
World Business News
OJK Tells Indonesian Banks to Halt Anomalous Transactions
Indonesia's financial regulator has told banks to hold suspicious high-value transactions until verified as cyberattack attempts on the finance sector surge.
World Business News
Takaichi to Tap BOJ ETF Proceeds as AI Rout Bites
Japan's Prime Minister Sanae Takaichi plans to use Bank of Japan ETF sale proceeds to fund economic security spending.
Money and Investment
Financial pressures reshape Malaysians’ family and retirement decisions
RinggitPlus survey highlights financial pressures on Malaysian families, widening savings inequalities, retirement concerns and growing exposure to digital financial scams.
World Business News
Philippine Banks Earn PHP107 Billion in Q3, Best Quarter of 2026
Philippine banks earned PHP106.99 billion in the third quarter, their strongest quarter this year, lifting nine-month net income 4.2% to PHP315.47 billion, preliminary Bangko…
World Business News
Bank of Thailand to Tighten BNPL Rules
The Bank of Thailand plans to tighten buy now, pay later rules from December, proposing a minimum user age of over 20, a 20,000…
World Business News
Grab’s Financial Services Arm Turns Profitable in Q3
Grab's financial services segment posted its first positive adjusted EBITDA in the third quarter, as its loan book tripled to US$2.7 billion and deposits…
Banking and Finance
Analysts See Value in Banks Again, Maintains Overweight Call on Sector
AmBank says bank valuations are attractive, dividend yields remain compelling and future rate hikes could support earnings growth.
World Business News
Mitsubishi Corp Lifts Profit Forecast to Record ¥1.2 Trillion, Unveils ¥1 Trillion Buyback
Mitsubishi Corp raised its full-year net profit forecast to a record 1.2 trillion yen and approved buybacks of up to 1 trillion yen after…
World Business News
Indonesia Says No New VAT on Bank Transfers, E-Wallets
Indonesia's finance minister said there is no new VAT on interbank transfers or e-wallet payments, clarifying that tax applies only to service fees and…
World Business News
Thai Virtual Bank CLICX Picks Thought Machine Core System
CLICX, the Thai virtual bank backed by Krungthai Bank, AIS and OR, has chosen Thought Machine's Vault Core platform to run its core banking…