Country Garden’s subsidiary in Malaysia has adequate funds to service loans The Bank Negara Malaysia (BNM), the country’s central bank, said on Monday that the domestic banks had limited exposure to China’s largest property developer, Country Garden, and faced low financial stability risk from it. The BNM was responding to queries from Reuters after Country Garden missed two dollar coupon payments this month, sparking concerns over its financial health. According…

Singapore’s second-largest bank, Oversea-Chinese Banking Corp (OCBC), announced on Monday that it had restored all its banking services after experiencing a technical problem that affected various channels. The bank assured its customers that their money and data were safe and secure throughout the disruption. What happened? According to the bank, the technical issue started at 8.33 a.m. on Monday and impacted its consumer and business banking customers. The affected channels…

Inside Retail Asia is a website that provides news, analysis and trends on the retail industry across the Asia-Pacific region. The website is published by Octomedia, one of Australia’s leading B2B publishers, with a portfolio that spans retail, e-commerce, small business, fast moving consumer goods and franchising. What does Inside Retail Asia offer? Inside Retail Asia covers a wide range of topics related to retail, such as: Marketplaces: The website…

Fintech, or financial technology, is a rapidly evolving sector that is transforming the way businesses and customers interact with financial services. From payments and lending to insurance and wealth management, fintech is redefining the customer experience (CX) with innovative solutions that are faster, cheaper, and more convenient. However, to deliver these solutions, fintech companies need to leverage advanced technologies that can streamline their operations, enhance their security, and provide insights…

Medef chief sees signs of slowdown in France’s economy Patrick Martin, the head of France’s Medef business lobby group, said on Monday that there were signs of a slowdown in business activity in France and interest rates were also weighing on businesses. He told France 2 TV that France’s economic growth was resilient in the second quarter, but he added that there were nevertheless indications of slower activity. “But we…