According to reports, DBS, OCBC, and UOB are restricting funding for Russian energy deals

Singapore's leading banks are limiting trade financing for Russian raw materials, as the conflict in Ukraine prompts lenders in Asia's largest resource and commodities trading hub to cut their exposure to the sanctioned country.

According to reports, the restrictions include a p...

Korean Airline industry resumes international flights under “living with COVID-19” scheme

In line with South Korean government’s plan of following the “living with COVID-19” scheme, the airline industry is beginning preparations for overseas flights.

Highlights

• Korean service carriers resume overseas flight operations
...

S. KOREA’S INDUSTRIAL OUTPUT GREW 0.8% IN MARCH

Highlights –

• S. Korea’s industrial output grew 0.8% in March.
• Output in the mining, manufacturing, gas, and electricity industries declined 0.8 percent in March.
• In the reporting month service production gained 1.2 percent on-mo...

HYUNDAI’S SHIPBUILDING UNIT TO UNDERGO TEMPORARY SHORTAGE OF ORDER BACKLOGS

Highlights –

• Hyundai shipbuilding unit to undergo temporary shortage of order backlogs.
• The shortage of order backlogs is predicted to take place in the second half of the year.
• Construction of ships to be delivered by 2022 will start...

YANOLJA SEEKS SERVICES OF MORGAN STANLEY AS UNDERWRITER FOR OVERSEAS IPO LISTING

• Morgan Stanley is looked upon as an additional and worthy underwriter for Yanolja's planned initial public offering (IPO) next year, after the travel and lodgings service platform provider hinted it may choose a separate underwriter to oversee proceedings in excess of Mirae Asset Daew...

JAPAN’S HOUSEHOLD SPENDING FELL BY 10.2 PERCENT IN SEPTEMBER

Highlights –

• Japan’s household spending fell by 10.2 percent in September.
• The monthly drop was the sharpest since May’s decline by 16.2 percent.
• The seasonally adjusted figure climbed by 3.8 percent from August.

VISITING FOREIGN NATIONALS REASON FOR INCREASING VIRUS IN SOUTH KOREA

• South Korea registered 33 more cases of the new coronavirus Wednesday due to a persistent increase in local infections originating, both from overseas and from locally transmitted cases.
• The new cases, including 18 imported cases, augmented South Korea's total cases of COVI...

KNOW ABOUT ASHWINI BHATIA, THE NEXT SBI MD RECOMMENDED BY BANKS BOARD BUREAU

Highlights

• Along with Ashwini Bhatia for SBI, MV Rao and PP Sengupta are also recommended by the BBB for the post of MD at the Central Bank of India and Indian Overseas Bank

• According to the official statement, BBB had interactions with 20 contenders from various...

AIR INDIA CANCELS OVERSEAS FLIGHTS IN THE WAKE OF CORONAVIRUS OUTBREAK

Highlights

• A temporary ban has been placed on foreigners by the government 
• For some routes, operations have been suspended while for others weekly frequencies have been reduced

After the govern...

HYDROGEN FUEL-CELL SYSTEM MANUFACTURING PLANT TO BE SET BY HYUNDAI

Highlights:

• Hyundai will be setting up a manufacturing plant of Hydrogen fuel cell systems in South Korea or overseas.
• The hydrogen fuel-cell factory will be capable of producing more than 100,000 fuel cell systems annually from 2024.
• Hyund...

MIRAE ASSET DAEWOO’S SALES INCREASE, OVERSEAS STOCK MARKET INVESTMENT

Highlights –

• Mirae Asset Daewoo engrossed good profit- wrap account
• Acquisition agreement – Global X, ETF company (New York)

According to a news report by the Maeil Business News Korea, on Thursday South Korean Brokerage ...

Exporters look ahead after disappointing 2019

The trade-dependent economy of Singapore reached its lowest export showing yet ever since the global financial crisis owing to non-oil domestic exports (NODX) dropping by 9.2% in 2019.

According to existing data provided by the trade agency Enterprise Singapore this Friday, this drop sh...

Murdoch University breaks relation with the student agency in Indian

The Agency for Indian Students has been divided by a university that sues its own academics after raising concerns about international students with poor English. Upon accusing him of irregularities in his Indian tertiary student admission, Murdoch University, Perth, took action against Gerd Schr...

A climax season effect in the overseas market

According to the service, another aim behind the country’s international agreements returning to a development design in November was based on the fact that faraway consumers were submitting an increased number of requests with exporters based in Taiwan-based for keeping up a strategic dist...

Foreign banks don't seem very appreciative of US-China agreement

The Zacks International Banks Market frequently covers foreign banks based in the U.S. As an international banking company in the U.S. can have both state-chartered and federal branches, the Federal Reserve plays a major role in managing its activities in the U.S.

Such companies not onl...

RBI moves quickly on DHFL, establishing 3- member committee

MUMBAI: The Reserve Bank of India, bolstering its role as a monetary services regulator, discovered a three-member consultatory committee on Friday to help the administrator it's appointed for Dewan Housing Finance Corp. Ltd (DHFL) to make sure that the debt-laden company’s quality does...

Finances are changing and can this help the insurance sector

The insurance sector of India has been suffering as the financial sector and the banking sector the nation is facing major issues. The frauds in banks and the financial firms have led to this situation where the nation of India is almost seeing the death of the insurance sector

The Entr...

IOB dispatches medical coverage arrangement for clients

Karnam Sekar, MD, and CEO, Indian Overseas Bank, stated, "The Bank's involved acquaintance with Universal Sompo brought about offering different imaginative approaches on the constant reason for IOB clients. The bank group will advance approaches of Universal Sompo that would increment n...

A new entry to the insurance scene

As the insurance scene of India is quite a mess these days we are seeing the emerging players in the market as the new digital ones leaving the traditional ones smoking the dust in this digitization of the insurance sector.

A new entry to the market of insurance is from the State-owned ...