The holding company for the Singer brand in Asia offers exposure to domestic consumption in Sri Lanka and Bangladesh and is expected to raise about $150 million from a Singapore listing.
Our annual look at the best banks and financial institutions around the region. Full write-ups of our choices will be published in the upcoming issue of FinanceAsia magazine and the winners will be celebrated at an awards dinner in September.
Pakistan’s MCB Bank announces a partnership with Misys and IBM to improve risk management and compliance.
We are pleased to announce the winners of our annual Country Awards for Achievement.
Habib Bank implements a new core banking solution, while IndusInd Bank awards a cards mandate to ElectraCard Services.
Pakistan's MCB Bank chooses a payments filtering solution from Logica, while SmartPay and AliPay receive payment licences in China.
SunGard wins treasury mandate from Pakistan's United Bank, while the State Bank of India partners with Diebold for ATM deployment.
Macquarie Capital Securities signs a cooperative agreement with Pakistan's Foundation Securities to offer investment banking and securities services.
Pakistan’s Bank Alfalah awards a regional cash and treasury mandate to J.P. Morgan.
Faizan Mitha joins Deutsche Bank as chief country officer for Pakistan, replacing Shazad Dada who left for Barclays last year.
PayPal suspends payments for Japanese users, while JBIC steps up financing facilities in Asia.
Pakistan's MCB Bank buys the local operations of the Royal Bank of Scotland for $87 million, representing a book value multiple of 0.73 times.
The Hong Kong conglomerate offers to buy back up to $1.5 billion worth of bonds from four different issues. Meanwhile, Pakistan Mobile's tender is oversubscribed and Greentown achieves nearly 90% acceptance for its offer by the early deadline.
S&P says the material tender discount of up to 30% versus face value would prompt it to put a default rating on the bonds if the proposed transaction is completed.
Pakistan agrees on the terms of a $7.6 billion loan from the IMF as the Friends of Democratic Pakistan get ready to meet in the Gulf.