Banks & Service Providers

State Bank of Pakistan announces second rate rise of 2026 as the Middle East conflict remains unresolved; meanwhile, New Zealand’s central bank held rates, as has the US Fed.

The deal for the hyperscaler is backed by 32 financial firms, with construction of SYD3 in Western Sydney expected to be completed in mid-2028.

Yoojin Park is set to join the bank's global payments team on November 30 in Seoul, according to a memo seen by CT.

A MAS initiative aims to bring policymakers together with banks, payment networks and tech providers to develop standards for cross-border tokenised deposits and stablecoins.

The Asian Infrastructure Investment Bank and Korea Development Bank are lenders on the deal which aims to boost Mongolian green projects.

Geopolitical shocks and technology threats are becoming interconnected, requiring treasury teams to sharpen cash visibility and use AI within risk frameworks, according to a senior panel.

The central bank has built a platform for issuing, depositing and safeguarding tokenised bonds and sukuk.

Exports and imports beat expectations in September, but trade uncertainty and weak domestic demand are causing concern; China's GDP grew 4.5% in Q3.

The pilot offering will pay interest and return the principal by stablecoin, as the country experiments with other stablecoin use cases.

Managing liquidity, securing visibility and having more control over payments is becoming more important for Apac treasury teams.

The digital lender is deepening its support for Uzbekistan’s SME sector with larger and longer-term financing.

There have been several recent digital asset and payment initiatives from banks and fintechs aiming to better link Apac firms with the Middle East.