China central bank eyes $205 billion bailout for cash-strapped developers: FT

BENGALURU/HONG KONG (REUTERS) – China will help property developers by issuing 1 trillion yuan (S$205 billion) in loans for stalled developments, the Financial Times said on Thursday (July 28), as the government tries to revive the debt-stricken sector and relieve pressure on the economy. Once a key pillar of growth, China’s property sector has been […]

SESAMi launches innovative e-financing marketplace amidst rising loan interest rates for businesses

SINGAPORE, Jul 27, 2022 – (ACN Newswire via SEAPRWire.com) – SESAMi has successfully launched a collaboration with its 5 banking partners including OCBC, CIMB and Linklogis to enable suppliers using its platform to get paid immediately on their outstanding invoices and purchase orders. Simplified Onboarding SESAMi will be reaching out to the supplier community to […]

Global slowdown fears darken prospects for Asia factories

TOKYO (REUTERS) – Worries over a global slowdown are casting a shadow over Asia’s recovery prospects with factory activity growth slowing in Japan and Australia, keeping pressure on policymakers to support their economies while tightening monetary policy to combat inflation. Japan’s manufacturing activity grew at the slowest pace in 10 months in July, the purchasing […]

Central banks rush to quell inflation crisis they helped create

BOSTON (BLOOMBERG) – Central banks across the globe are speeding up interest rate hikes, seeking to crush an inflation surge partly of their own making. Wednesday (July 13) saw Canada’s central bank hike rates by a greater-than-expected full percentage point following two half-point moves, South Korea raise by a half point after several quarter-point moves, and New […]

ASEAN’s most influential fintech event – WFIS, now ready to disrupt Philippines’ FSI market

MANILA, Jul 5, 2022 – (ACN Newswire via SEAPRWire.com) – The launch of ‘Digital Payments Transformation Roadmap 2020-2023’ by the Central bank of the Philippines (BSP) has been driving major fintech investments in the country. To give an estimate, the first half of 2021 witnessed a total funding of $342 million garnered by the country’s […]