South Africa’s new Debt Relief Law causes major concern to banks
The banking sector, the clothing retailers and the Democratic Alliance have opposed the law
China’s BRI might spur development in Islamic finance
China seeks Islamic finance as it requires funds for construction of corridors in the Middle East, Africa and Europe
Singapore’s GIC acquires 25% stake in Sydney’s Lendlease Trust
The deal is expected to close by the third quarter of 2019
Qatar to centralise Islamic finance sector regulation
Qatar is following the examples of Malaysia, Indonesia, and a few other GCC countries
CBN deadline: Nigerian banks scramble for borrowers
Tier-1 banks with assets greater than or equal to N1 tn are luring borrowers in Tier-2 banks with attractive interest rates
Market crash: Philippine’s Pag IBIG invites external investments
The fund allowed the external parties to invest in a total of 4.5 billion of its assets
Digital helps PPC Bank of Cambodia generate $8 mn profit
Loans issued during the period also increases by 32% while deposits increase by 15%
Thailand drafts guidelines to bar investments in unruly firms
The Government Pension Fund and 32 other investment institutions sign the negative list guidelines
First European socially responsible ETF crosses €1bn
This marks the first time an ETF focused on ESG crossed €1 billion in Europe
Danish Bank introduces first-ever negative interest mortgage
The bank offers an interest rate of -0.5% on loans, which means the bank will pay its borrowers to take money off their hands
Overseas Filipino Bank to be first digital bank in the Philippines
Land Bank of Philippines working with the central bank to create rules and regulations for the bank