ATI Newswire - Subscriber Only

Stability key as Asia moves towards a sovereign digital currency model

October 5, 2021

HONG KONG - Ratings agency Standard and Poors believes Asia-Pacific monetary authorities will likely continue to partner with commercial banks if, and when, they roll out central bank digital currencies (CBDCs)."Central banks will likely lean toward a model where banks and other financial intermediaries continue to play a strong intermediation role, rather than one where central banks alone manage their digital currencies," said S&P Global Ratings credit analyst Gavin Gunning.

China strengthens anti-money-laundering obligations

August 11, 2021

BEIJING - New measures for the Supervision and Administration of Anti-Money Laundering and Counter-Terrorist Financing of Financial Institutions recently promulgated by the People's Bank of China (PBOC) came into effect on August 2021. Among other things, the Measures expand the scope of applicable entities, provide specific details of internal control and risk management requirements and increase PBOC's supervision and administration powers.

Port operator’s earnings a pointer to recovery in global trade

August 5, 2021

MANILA - In a significant announcement for global trade, the Philippines-headquartered port operator and developer, International Container Terminal Services, Inc. (ICTSI), has revealed a net income increase of 73% for the first half of 2021, to US$196.7 million. Earnings before tax and interest across all three of ICTSI's three geographic segments - Asia-Pacific, the Americas, and Europe, the Middle East and Africa - exceeded ICTSI's  2019 pre-pandemic performance.