vietnam to weather the trade storm

Vietnam to weather the trade storm

Vietnam has witnessed a condensed fluctuation in its exchange rate over the past few weeks as a result of the strengthened greenback, but the ongoing trade tension between the US and China does not look likely to harm the country’s economy - in fact, signs show the opposite.
ex hsbc executive jailed 105 years for cheating mostly elderly victims of s 52m

Ex-HSBC executive jailed 10.5 years for cheating mostly elderly victims of S$5.2m

SINGAPORE: A former senior vice-president of HSBC Bank was sentenced to 10-and-a-half years' jail on Friday (Jun 29) for cheating five female victims, who are her relatives and their friends, out of S$5.2 million over a period of 12 years.
asia pacific advances trade liberalisation as us swims against current

Asia-Pacific advances trade liberalisation as US swims against current

Market-opening international trade policy reform tends to yield positive results. When trade flows increase, nations on both ends tend to benefit. At the enterprise level, in a trade transaction both parties usually perceive a benefit, otherwise the transaction would not take place.
volatility returns to foreign exchange rates

Volatility returns to foreign exchange rates

On May 29 the State Bank of Vietnam adjusted the đồng-US dollar exchange rate, weakening the Vietnamese currency by VND9 to VND22,605 per dollar, which represented the greenback’s biggest rise so far this year.
firms must know global trade policy

Firms must know global trade policy

Firms are potentially missing out on key opportunities available beyond their immediate borders by focusing on trade policy developments on a regional scale, and showing lack of awareness when it comes to the broader global trade policy environment, according to an HSBC report.
hsbc ing banks announce blockchain first

HSBC, ING banks announce blockchain first

Banking giants HSBC and ING on Monday said they had carried out a landmark  blockchain transaction aimed at speeding up payment processes and making them more secure.
ppp infrastructure investment should be promoted official

PPP infrastructure investment should be promoted: official

Encouraging investment in infrastructure in the form of public-private-partnership (PPP) is necessary to tap into domestic and foreign capital sources and technology, said Deputy Minister of Planning and Investment Vu Dai Thang.
top ex hsbc trader gets two years in front running fraud

Top ex-HSBC trader gets two years in 'front-running' fraud

The former global head of cash currency trading at the British banking giant HSBC was sentenced Thursday to two years in prison for defrauding a client out of millions of dollars, the Justice Department said.
hsbc firms favour home as protectionism bites

HSBC: Firms favour ‘home’ as protectionism bites

Although rising protectionism is a concern to businesses worldwide, they are optimistic about international business prospects, a new report from HSBC called ‘Navigator: Now, next and how for business’ shows.
hsbc global research cptpp its a deal

HSBC Global Research: CPTPP–It’s a deal

As the TPP-11 countries has signed the CPTPP, it is well expected that the revised trade pact will give a big boost to the regional trade integration and open to new members in the future, including the US and Thailand, HSBC Global Research said in its latest report.  
cptpp to remove cross border transaction barriers

CPTPP to remove cross-border transaction barriers

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has just been inked by ministers of the 11 member countries in Chile. All businesses expressed delight at this global milestone.
63 per cent of local firms expect positive impact from cptpp

63 per cent of local firms expect positive impact from CPTPP

63 per cent of businesses in Vietnam believe the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) signed today will have a positive impact on their operations, according to HSBC’s comprehensive survey of global businesses.
techcombank adjusts fol to 854 per cent to approach foreign investors

Techcombank adjusts FOL to 8.54 per cent to approach foreign investors

Techcombank on March 3 announced at its annual general meeting (AGM) that it has lifted its foreign ownership limit (FOL) to 8.54 per cent in a quest to offload its treasury shares bought back last year from HSBC to foreign investors potentially from the US or the EU.
former no 1 ko shrugs off critics of 2018 backroom shake up

Former No 1 Ko shrugs off critics of 2018 backroom shake-up

Former world number one Lydia Ko brushed off concerns on Wednesday (Feb 28) about changes to her backroom team and insisted she was poised to return to the top of her game.
banks take on wealth management

Banks take on wealth management

Managing the wealth of well-off people could be a pleasantly profitable business for banks this year, as the number of the rich is growing alongside the strong performance of the local economy. The development of this segment depends on legal backup from the central bank, banks’ competency and capability, and further market expansion.