Three-Minute Digest

Merger may create M'sia's largest bank

BANK Negara has given the nod to CIMB and RHB, Malaysia's second and fourth largest lenders, to start talks on merging their businesses.

Reform push is winner in Indonesia

AS Indonesia settles in for a two-week wait for the final results of presidential polls, the biggest winner is almost certainly the cause of reform.

US Exim Bank faces Asian competition

THE US Exim Bank is seeking to promote win-win arrangements between Asian and US companies but is facing stiff competition.

New S'pore firms to head for Myanmar

ENTHUSIASM about expansions into Myanmar has flagged, though there is still optimism about a second wave of firms entering the country.

Ezra to make Oslo unit Asia-Pac player

EZRA will consolidate its offshore support services division into its Oslo-listed EOC Limited, and plans a secondary listing of the entity in Singapore.

Asia-Pac airline stocks steady

SHARE prices of Asia Pac carriers were largely stable in June compared to the previous month.

HDB resale prices dip 0.6% in June

HDB RESALE prices continued to slip for the fifth month, posting a 0.6 per cent dip in June.

Indonesia key interest rate unchanged

INDONESIA'S central bank kept its key reference rate unchanged at 7.50 per cent as expected.

BOC under money laundering probe

CHINA'S central bank and currency regulator are investigating a report that alleged Bank of China broke rules on transferring money overseas.

Aussie jobless rate back to decade-high

AUSTRALIA'S unemployment rate returned to a decade high of 6.0 per cent in June.