Asia-Pacific

A new report from the World Bank offers recommendations for East Asian and Pacific countries on addressing pandemic-related non-performing loans.

MAS and the BSP have agreed to pursue real time and QR payment systems links to enable instant, seamless and low-cost cross-border payments.

A five agency agreement will see documentary requirements cut in half and total processing times reduced from 160 to 55 business days.

The GEAPP has committed $100bn to clean energy infrastructure. ADB announced a plan to finance early closures of coal plants in Indonesia and the Philippines.

OJK says banks need to prioritise digital transformation to improve their competitiveness and ensure the overall resilience of the banking sector.

International Finance Corporation will help Bangladesh's FIU develop e-KYC infrastructure to advance digital transformation and financial inclusion.

Banks have to integrate environmental and social risk in their risk management frameworks and when defining their credit strategy.

Malaysian and Thai businesses and individuals can use local currencies to make cross-border payments for trade, investment, income and transfer.

The BOT is allowing LTV ratios of up to 110 percent, including top-up loans for home decoration, for first homes priced below THB 10 million.

While Asian emerging markets are better placed to withstand tightening global financial conditions, there are lingering causes for concern, says Agustín Carstens.