Treasury

IHH is one of Asia's largest private healthcare providers is aiming for net-zero by 2050; it is UOB's first SLL in the healthcare sector.

The money will help the 'pay-as-you-go' firm to continue its expansion in Malaysia before it enters other markets in Southeast Asia, including Indonesia.

Accelerated Cross Currency Sweep works across a range of currencies including US dollars, Hong Kong dollars and Japanese yen.

Malaysia's prime minister Anwar Ibrahim believes the country's initial GDP forecast for 2025 is unlikely to be met.

Trade uncertainty has been cited as a major risk that could slow economic growth, as currency volatility continues across Apac, with the Taiwanese dollar surging.

The idea is to harness the HKMA's Commercial Data Interchange to help improve access for SMEs to trade finance.

With more fast and cheap options in the region's payments universe, transaction banks must now layer added services to remain competitive.

The ability to facilitate real-time payments, quicker cash forecasting, and interoperability are becoming key for liquidity, according to senior executives at HSBC and JP Morgan.

The region could see almost 37% of the total global payments landscape, interoperability, digital wallets and QR codes are all likely to help the market grow from $12.8tn in 2024.

The loans have a limit of $23,000, don't need any collateral, and are up to three years.

Adnan Zaylan Mohamad Zahid, deputy governor at the Bank Negara Malaysia, told an audience at Money 20/20 Asia that Asean is innovating with cross-border payments, QR codes, Project Nexus, sandboxes and Islamic finance.

Phil Carmalt will start in the role at BofA on May 29 and will continue to be based in Hong Kong.