Maybank Islamic is developing outside Malaysia, establishing a footprint in the region. With a return on equity of 16%, achieved despite a capital ratio of 17%, the trick will be to sustain the bank’s bullish approach to investing despite the country’s economic downturn.
Bank of China, the fourth-largest bank in the world, has been an ener-getic leader in expanding overseas. In an interview with Global Finance, Chen Siqing, the bank’s president, spoke about internationalization efforts and the importance of overseas growth.
Following a record-breaking year for worldwide mergers and acquisitions, dealmaking declined to a two-year low in the first quarter of 2016.
Bank of Tokyo-Mitsubishi UFJ is learning to speak Arabic.
The People’s Bank of China has introduced bigger movements in its daily fixings of the country’s currency against the dollar. If sustained, this subtle change could signal that the central bank is preparing to allow greater flexibility in foreign exchange trading.
India’s “Make in India” campaign has begun to pay dividends in the defense sector—a field where sharing of technology, processes and patented know-how by global giants does not happen easily.
When Korea Exchange Bank (KEB) merged with Hana Bank, they formed Korea’s largest bank, with $243 billion in total assets in 2015, and $143 billion in lending as of November. CEO Ham Young-joo sat down with Global Finance editors to discuss economic conditions and KEB Hana’s plans for growth.
On May 9, voters in the Philippines will elect a new president amid growing concerns over whether the strong legacy of president Benigno Aquino III will continue.
President Jokowi is a radical departure from Indonesia’s political and military elite, which perhaps explains why he is such a populist leader at home. But foreign investors find him difficult to read.
Asian Development Bank Section: ADB Annual Meeting
Last year’s historic Asian Development Bank (ADB) annual meeting in Baku, Azerbaijan saw the bank and member countries commit to a wide range of goals and reforms.
Capital Markets | Fixed Income
China’s $7.4 trillion onshore bond market, the third-largest in the world, is opening to foreign institutional investors in the latest step by China to integrate its capital markets into the global financial system.
Singapore could face a technical recession in the first half of this year as plunging oil prices and a drop in China’s appetite for imports weigh on the city-state’s economy.
The question this year for investors in China is whether the government will continue moving toward a free-market economy—or keep grabbing the wheel.
Capital Markets | Mergers & Acquisitions
In an effort to boost the country’s sagging economic growth, China is consolidating key industries, hoping to make them more efficient ahead of eventual partial privatizations.
Japan’s Financial Services Agency is preparing legislation allowing the government to relax restrictions on fintech investment, promising a technological jolt to one of the world’s biggest financial markets.
A new era kicked off on December 31, 2015, for the 10 countries that are part of the Association of Southeast Asian Nations: The alliance launched the Asean Economic Community (AEC), a trade bloc aimed at creating a unified, cross-border market where labor, services and capital can flow without restrictions.
Tsai Ing-wen, leader of what was—until a couple of weeks ago—Taiwan’s opposition party, will become the island’s first female president this spring following a January 16 election in which she and her Democratic Progressive Party (DPP) won control of both the presidency and the legislature from the incumbent Kuomintang (KMT) party.
In Myanmar, Asia’s odd man out and a global pariah for decades, small signs of progress mean a lot. So the early December launch of the Yangon Stock Exchange (YSX) was a big deal—even if no stocks trade there yet.
Foreign Exchange | Capital Markets
The renminbi’s entry into the International Monetary Fund’s basket of currencies, the Special Drawing Rights (SDR), will require China to have a more flexible exchange rate.