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  • Monetary Authority Of Singapore: Test Issuance Of Cash Management Treasury Bills On 18 January 2024

    Date 16/01/2024

    MAS will conduct a test issuance of Cash Management Treasury Bills (CMTBs) on 18 January 2024. Test issuances of CMTBs are conducted regularly to enhance operational readiness. The previous test issuance was conducted on 3 November 2021.

  • ZERO13 And XTCC Announce $100bn Climate Finance Investment Drive At Davos World Economic Forum

    Date 16/01/2024

    • Landmark Statement of Accord includes influential global investors
    • ZERO13 digital platform infrastructure to drive African and global economic development
    • Focusing on renewable energy and regenerative agriculture with full digital provenance
    • XTCC has pioneered the issue of the first in a series of exchange-listed products for high-integrity carbon credits

  • New Generation Of Swiss Payment System Enables Instant Payment - Banks Are Now Implementing Customer Solutions

    Date 16/01/2024

    SIX and the Swiss National Bank have launched the new generation of the Swiss payment system, known as SIC5. It creates the technical prerequisites for the processing of instant payments, enabling electronic customer payments to be made around the clock, seven days a week, and in a matter of seconds. Approximately 70 financial institutions will join the new instant payment service by the time it goes live on August 20, 2024. The enhanced Implementation Guidelines will serve as the basis for their customer-bank interface solutions.

  • United Overseas Bank Visits Shanghai Gold Exchange

    Date 16/01/2024

    On January 15, 2024, Mr. Lee Che Kong, Managing Director & Regional South East Asia Head of Group Global Markets of United Overseas Bank (UOB), and Mark Yang, Managing Director, Alternate Country CEO & Head of Global Markets of UOB China, visited Shanghai Gold Exchange and had a meeting with Vice President Ma Lin.
    Mr. Ma welcomed the delegation from UOB and expressed gratitude for their longstanding support. Both parties then had in-depth discussions on topics such as serving the "Belt and Road" initiative and exploring cooperative opportunities in the Southeast Asian gold market. Both parties agreed to maintain a good partnership, further deepen cooperation for win-win results, and continuously expand the scope and depth of "Belt and Road" cooperation with the aim of strengthening collaboration and integration in the gold markets of China and Southeast Asia.

  • 2024 Business Forecast: Tech-Driven Optimism Meets Rising Geopolitical Challenges

    Date 16/01/2024

    • Technological Transformation: Executives express confidence in technology as the driving force behind the future of global trade, with 98% already leveraging AI to enhance supply chain operations – from inventory management to optimizing transport routes
    • Proactive Adoption: In anticipation of evolving challenges, businesses plan to ramp up technology adoption. A third will focus on advanced automation, 28% on blockchain, and 21% on AI, big-data analytics, and predictive analytics
    • Supply Chain Adaptation: As geopolitical tensions cast a shadow, more companies are turning to friendshoring and dual supply chain strategies. Over a quarter are opting for fewer suppliers
    • Economist Impact forecasts a 0.9% drop in global GDP if trade tariffs on high-tech goods increase significantly

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