Asia and the Pacific

Asia and the Pacific

Australian Central Bank Sees No Case for Digital Currency

The Australian central bank sees no need to issue its own retail digital currency just yet, a top official said Wednesday. Tony Richards, head of...

UCB Launches Taqwa Islamic Banking Services

United Commercial Bank Limited (UCB) has inaugurated an Islamic banking service named UCB Taqwa. Bangladesh Land Minister Saifuzzaman Chowdhury unveiled the UCB Taqwa Islamic Banking...

Blockchain-Based Bond Exchange Gets MAS Nod

The Monetary Authority of Singapore (MAS) has lifted sandbox restrictions on BondEvalue's BondbloX Bond Exchange (BBX) platform. BBX graduated from the MAS' regulatory sandbox earlier...

Merger Plan to Establish Indonesia’s Largest Islamic Bank with $14.5b Assets...

The State-Owned Enterprises Ministry seeks to merge three Islamic banks under the state-controlled lenders to establish a new $14.5 billion entity that will spearhead...

South Korea Central Bank to Begin Testing Digital Currency

The central bank of South Korea will begin testing a digital currency next year, becoming the latest global central bank to set out a...

Argosy to Raise up to $150m from “Green Bonds” for Property...

Another large listed property company is tapping into investors’ desire for better returns than bank deposits with an up to $150 million “green” bond...