Region - South Asia & Asia Pacific
IADB's Trans-Pacific programme fills up
Another six countries are negotiating membership into the IADB’s Trans-Pacific Partnership to boost trade and investment between the US and Asia Pacific.
JLT names capital risks director
Risk insurer Jardine Lloyd Thompson has appointed Mark Wong as regional director in its capital risks team in Asia.
ITFC signs sugar refinery deal
The International Islamic Trade Finance Corporation has signed a US$60mn syndicated structured finance deal with Indonesian sugar refinery, PT Angels Products.
Markets monitor EU ban on Iranian oil exports
EU ministers have agreed to place a ban on new contracts for Iranian exports of crude oil and petroleum products.
London set to become Rmb trading centre
London is set to become an offshore trading centre for Rmb after chancellor George Osborne signed a deal with the Hong Kong Monetary Authority this week.
JP Morgan mandated for Airbus deal
China Southern is in the process of finalising the purchase of an Airbus A380 with the help of JP Morgan and export credit agencies UK Export Finance, Coface and Euler Hermes.
Citi introduces Rmb service
Citi’s global transaction services has launched an Rmb trade settlement service in Sri Lanka.
Australia: The right place, the right time
Australia’s banks are gaining ground in Asia as European players lessen their activity in the region, writes Laura Benitez.
China: Against all odds
Despite international concerns over wavering Chinese stability, trade finance bankers are prepared to take on the precarious situation, writes Shannon Manders.
Aussie LNG project wins ECA support
Australian gas producer Santos has secured a US$1.2bn facility from a consortium of commercial banks and ECAs to help construct the Gladstone LNG project in Queensland, Australia.
ATB seals metals PXF
Philippine company Platinum Group Metals has closed a four-year US$40mn pre-export finance facility with Amsterdam Trade Bank to purchase new equipment for its nickel mining.
ABN Amro sets sights on Asia
ABN Amro has confirmed it will expand the Asian operations of its global energy, commodities and transportation private banking and clearing businesses.
HSBC recruits Asia Pacific head
HSBC has expanded its project and export finance business in Australia with the appointment of Alan Park.
Asian banks oversubscribe Mercuria revolver
Swiss energy trader Mercuria has closed a US$755mn oversubscribed one and three-year syndicated revolving credit facility from 29 international banks.
IFC and Korea boost south-south investments
IFC has signed a memorandum of understanding with the Export-Import Bank of Korea and Korea Finance Corporation to promote investments in developing countries.
