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The People’s Bank of China cut the one year deposit lending rates and upper interest limits allowed to be offered on deposits above the benchmark rate; Bank Indonesia issued policies designed to support the ...
Singapore’s central bank has proposed criminal and civil sanctions for benchmark manipulation in a bid to improve trading transparency. Experts are divided whether it will work.
Singapore Airlines has introduced a programme through RBS to allow customers to pay in any of six currencies and to know the price in each currency that they will be billed in.
Singapore’s banks will cease publishing an offshore rupiah reference rate, treasurers with outstanding contracts will have to switch to the onshore rate.