Bank Negara of Malaysia and the Bank of Korea have launched a currency swap facility worth up to RM5 billion, or five trillion won, to facilitate trade settlements between companies in Malaysia and South Korea.
The opening of a stock exchange in Myanmar may be delayed due to difficulty in recruiting skilled people for jobs at the exchange and finding companies that could qualify to list on the market.
Malaysia's Audit Oversight Board urged audit firms to ensure quality of audit procedures.
The Philippine central bank plans a stress test on banks and are asking lenders to submit reports on their assessment on the impact of interest rate changes on the real estate sector and on their balance sheets.
Bank Negara expressed concern that criminal activities in the money services business could adversely impact socio-economic development, after Malaysia recorded an illicit outflow worth RM174 billion based on a Global Financial Integrity (GFI) report last year.
Indonesia’s Financial Services Authority has rolled back its a policy on share buyback scheme amid improving markets conditions.
Taiwan’s Financial Supervisory Commission has given its go-ahead for non-financial companies to engage in online-to-offline payment services amid growing use of electronic stored-value cards for third-party payments.
Myanmar’s central bank is expected to submit a new monetary policy during parliament’s next session, which begins late this month.
Taiwan's Financial Supervisory Commission (FSC) said it has conducted stress tests on banks that revealed lenders' ability to survive a potential housing crash.
The State Bank of Vietnam has issued a circular which guides the opening and use of indirect investment capital accounts for foreign investors in the country.