The Role of Financial Institutions in Financial Education

Size: px
Start display at page:

Download "The Role of Financial Institutions in Financial Education"

Transcription

1 The Role of Financial Institutions in Financial Education Shariq Mukhtar Citi Country Officer, Indonesia OECD-Bank Indonesia International Conference on Financial Education October 21, 2008 Bali, Indonesia

2 Financial Literacy in Indonesia Indonesia s Fin-Q score: 52.2 (out of 100) If they lost their jobs tomorrow, most respondents said their savings would last them less than 11 weeks 6 out of 10 Indonesians do not plan for their retirement Less than 25% have a formal retirement plan 39% believe that they will rely on their children as they get old 58% admitted an average understanding of personal financial management Source: Citibank Indonesia Fin-Q (Financial Quotient) Survey

3 Our Rationale Leverages our financial expertise Leverages our knowledge of consumer needs Develops more informed and responsible consumers 3

4 A Financially Literate Customer Is more confident Saves for their retirement Develops financial goals Balances their checkbook Is concerned about their credit rating Lives within their means Follows a budget Is a home owner Establishes good relationships with financial institutions Loyalty factor 4

5 Citi s Parallel Approach Use Credit Wisely Educational websites Credit tools & advice Media outreach Save & Invest Wisely Publications & seminars Industry investment fairs Financial literacy surveys Community Country/regional programs for youth and adults Capacity building of the financial education community Responsible advice to customers and other consumers BUSINESS RESPONSIBILITY Support for: Low-income/disadvantaged Advocates/practitioners COMMUNITY RESPONSIBILITY 5

6 Use Credit Wisely Educational Websites Australia, India, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand Citibank Indonesia s website available in Bahasa 6 Citibank India s website

7 Use Credit Wisely Localized Credit Tools & Advice booklets produced and distributed 7

8 Use Credit Wisely Media Outreach Journalist classes including financial education Involving various media in major cities of Indonesia Participation and support of regulators and partners 8

9 Additional Media Outreach Consumer Protection 9

10 Save & Invest Wisely Publications & Seminars Alliance of Experts series Hong Kong, Korea, Singapore, Taiwan, India, Indonesia and Philippines 10 Regular publication to inform customers on the latest trends, financial tips, banking products and services

11 Save & Invest Wisely Industry Investment Fairs Outreach to investors in collaboration with major industry players 11

12 Fin-Q Surveys Regional Financial Quotient survey to analyze financial literacy, and consumer behaviour in savings, investing, insurance and retirement 6 out of 10 Indonesians do not save for their retirement 12

13 Community Agent Penny in Primary Schools 13 Primary school children comic, drama, teacher s kit, website Implemented in China, Hong Kong, Indonesia, Malaysia, Singapore, Taiwan

14 Community Financial TV Show for General Public TV Program with weekly financial tips Topics: credit cards, investing, consumer finance, insurance, etc. Audience can ask questions online according to financial needs 14

15 Community Financial Education for The Poor Launched in 2007, aimed at helping microentrepreneurs expand their businesses US$131,000 Citi Foundation grant for Indonesia to reach 150 microfinance providers in Bandung, Jogjakarta, Surabaya, Denpasar, Makasar and Balikpapan 15

16 Community Developing Finance Sector Talent Citi University Banking Course has become part of the university curriculum Similar banking courses are running across the region 16 University of Indonesia Lectures by Citi Indonesia management

17 Community Financial Education Partnerships 17 Partnership with Bank Indonesia to support 2008 Financial Education Year Educating the general public by disseminating information and using AYO ke BANK mobile units

18 Community Financial Education Capacity-building Citi-FT Financial Education Summit - New Delhi, December

19 Citi s Long-term Commitment to Financial Education Knowledge is Your Greatest Asset Creation of the Citi Office of Financial Education in year global US$200 million commitment to financial education programs (funded by the Citi Foundation and Citi businesses) US$121 million spent to date US$36 million spent in 2007 in 65 countries over 9 million lives touched in

Fourth Quarter 2004 Financial Results. March11, 2005

Fourth Quarter 2004 Financial Results. March11, 2005 INVESTOR RELATIONS Fourth Quarter 200 Financial Results March11, 2005 Disclaimer The financial results for Q of 200 have not been reviewed or audited, and may be subject To change following the completion

More information

Cross Border Cooperation :

Cross Border Cooperation : Cross Border Cooperation : Case of ASEAN Capital Market Integration Pattera Dilokrungthirapop Chairperson Association of Thai Securities Companies October 24, 2013 Agenda ASEAN Capital Market integration;

More information

CITI FINANCIAL QUOTIENT SURVEY 2009: SINGAPORE RESIDENTS KEEN TO INVEST AGAIN AS ECONOMY AND MARKETS IMPROVE

CITI FINANCIAL QUOTIENT SURVEY 2009: SINGAPORE RESIDENTS KEEN TO INVEST AGAIN AS ECONOMY AND MARKETS IMPROVE FOR IMMEDIATE RELEASE Citibank Singapore Ltd 4 January 2010 CITI FINANCIAL QUOTIENT SURVEY 2009: SINGAPORE RESIDENTS KEEN TO INVEST AGAIN AS ECONOMY AND MARKETS IMPROVE Survey findings point to a return

More information

Monday, September 10, 2012

Monday, September 10, 2012 OECD-Bangko Sentral Ng Pilipinas Asian Seminar on Financial Literacy and Inclusion: Addressing the Upcoming Challenges 11 12 September 2012, Cebu, Philippines 1 2 3 Financial education (FE) initiatives

More information

"The Comprehensive Survey on the International Business Strategy in Japan"

The Comprehensive Survey on the International Business Strategy in Japan "The Comprehensive Survey on the International Business Strategy in Japan" January 10, 2001 Nomura Research Institute, Ltd. International Consulting Department Copyright (C) 2001 Nomura Research Institute,

More information

PUBLIC AWARENESS AND DEPOSIT INSURANCE: EAST ASIA REVIEW

PUBLIC AWARENESS AND DEPOSIT INSURANCE: EAST ASIA REVIEW PROTECTING YOUR DEPOSITS PUBLIC AWARENESS AND DEPOSIT INSURANCE: EAST ASIA REVIEW David Walker Deposit Deposit Presentation Outline Importance of Public Awareness East Asia review highlights: Hong Kong

More information

Contents. Introducing Global-KDIC KSP. Ⅱ Sharing KDIC s Experience. Lessons and Future Work

Contents. Introducing Global-KDIC KSP. Ⅱ Sharing KDIC s Experience. Lessons and Future Work Contents Ⅰ Introducing Global-KDIC KSP Ⅱ Sharing KDIC s Experience Ⅲ Lessons and Future Work 2 Ⅰ. Introducing Global-KDIC KSP 3 Deposit Insurance System (DIS)? Deposit Insurance System (DIS) A system established

More information

EXAMINING REIT JURISDICTIONS, STRUCTURES AND INVESTOR APPETITE ACROSS ASIA PACIFIC MARKETS

EXAMINING REIT JURISDICTIONS, STRUCTURES AND INVESTOR APPETITE ACROSS ASIA PACIFIC MARKETS PERPETUAL CORPORATE TRUST EXAMINING REIT JURISDICTIONS, STRUCTURES AND INVESTOR APPETITE ACROSS ASIA PACIFIC MARKETS GLEN DOGAN, SENIOR SALES & RELATIONSHIP MANAGER PERPETUAL: 128 YEARS OF HISTORY We are

More information

Visa s International Financial Literacy

Visa s International Financial Literacy Visa s International Financial Literacy BAROMETER 2012 Introduction Visa wanted to gauge the strength and weaknesses of financial education worldwide in order to identify opportunities for improvement.

More information

Blackmores Half-Year Financial Results. Half-Year ended 31 December 2016

Blackmores Half-Year Financial Results. Half-Year ended 31 December 2016 Blackmores Half-Year Financial Results Half-Year ended 31 December 2016 1 2 Invoiced Sales ($m) Second quarter showed strong improvement, though first half sales and profit down Improved Q2 sales up 16%

More information

Asia Arrive, Survive, Thrive William Liang, Matt Hodson, Hardik Dalal & Merry Tang Ernst & Young

Asia Arrive, Survive, Thrive William Liang, Matt Hodson, Hardik Dalal & Merry Tang Ernst & Young Asia Arrive, Survive, Thrive William Liang, Matt Hodson, Hardik Dalal & Merry Tang Ernst & Young This presentation has been prepared for the Actuaries Institute 2012 General Insurance Seminar. The Institute

More information

Unlocking Value of Professional Liability Insurance. Gary Chua. 27 May 2009

Unlocking Value of Professional Liability Insurance. Gary Chua. 27 May 2009 27 May 2009 Unlocking Value of Professional Liability Insurance Gary Chua Head of Financial & Professional Risks (FINPRO) ASEAN Gary.Chua@marsh.com +65 6327 3265 www.marsh.com Unlocking value in the Professional

More information

Wave 2 of the East Asia Retirement Survey

Wave 2 of the East Asia Retirement Survey From Challenge to Opportunity Wave 2 of the East Asia Retirement Survey Richard Jackson President Global Aging Institute Hong Kong Media Roundtable Hong Kong September 4, 2015 Gap.GlobalAgingInstitute.org

More information

Corporate Governance in the Philippines

Corporate Governance in the Philippines Corporate Governance in the Philippines unde Jonathan Juan DC. Moreno Head, Corporate Governance Office & Chief Risk Officer Philippine Stock Exchange July 3, 2009, Sofitel Hotel, Hanoi, Vietnam Outline

More information

Wave 2 of the East Asia Retirement Survey

Wave 2 of the East Asia Retirement Survey From Challenge to Opportunity Wave 2 of the East Asia Retirement Survey Richard Jackson President Global Aging Institute Conference & Media Workshop Hanoi September 8, 2015 Gap.GlobalAgingInstitute.org

More information

Citibank: Launching the Credit Card in Asia Pacific (A)

Citibank: Launching the Credit Card in Asia Pacific (A) Citibank: Launching the Credit Card in Asia Pacific (A) Case Study, BEP 430 Marketing 20030059 Dong-ock Kim 1, 20030071 Min-geuk Kim 2, 20040054 Keehyung Kim 3, 20040535 Yohan Jo 4, 20076006 Huang Qiuling

More information

Why is Financial Education Needed in Asia?

Why is Financial Education Needed in Asia? Why is Financial Education Needed in Asia? Naoyuki Yoshino, Dean Ganeshan Wignaraja, Director of Research Peter J. Morgan, Senior Consultant for Research Asian Development Bank Institute ADBI-Japan-OECD

More information

Strong Asian Growth. Asian Bond Markets Initiative

Strong Asian Growth. Asian Bond Markets Initiative Strong Asian Growth and Asian Bond Markets Initiative OECD-ADBI 11 th Roundtable on Capital Market Reform in Asia 22-23 February 2010 Tokyo, Japan Takehiko Nakao Director-General, International Bureau

More information

For More Efficient Tax Administration in Asia

For More Efficient Tax Administration in Asia For More Efficient Tax Administration in Asia Satoru Araki, Public Management Specialist (Taxation) Regional and Sustainable Development Department Asian Development Bank The 5th IMF-Japan High-Level Tax

More information

Declining Fertility and Rising Cost of Children and the Elderly in East Asian Countries

Declining Fertility and Rising Cost of Children and the Elderly in East Asian Countries Declining Fertility and Rising Cost of Children and the Elderly in East Asian Countries Naohiro Ogawa Andrew Mason Rikiya Matsukura Amonthep Chawla An-Chi Tung 7 th Global NTA Meeting: Population Aging

More information

Asia-Pacific Alternatives & Wealth Management Awards

Asia-Pacific Alternatives & Wealth Management Awards Asia-Pacific Alternatives & Wealth Management Awards Singapore 23-25 May 2017 Awards Methodology 2017 The methodology provides an overview of the conditions and criteria used by SRP to distinguish Manufacturers,

More information

1 March Secretariat OECD International Network on Financial Education. VIA Dear Sir/Madam,

1 March Secretariat OECD International Network on Financial Education. VIA   Dear Sir/Madam, 1 March 2019 Secretariat OECD International Network on Financial Education VIA E-MAIL: secretariatinfe@oecd.org Dear Sir/Madam, Financial Planning Standards Board (FPSB) 1 is pleased to provide comments

More information

% Change. Revenue 24,957 13, ,265 41, Gross Profit 19,241 10, ,990 31,

% Change. Revenue 24,957 13, ,265 41, Gross Profit 19,241 10, ,990 31, MEDIA RELEASE - FOR IMMEDIATE RELEASE Best World earnings grew 183.7 to $4.1 million Revenue increased to $75.3 million in due to higher contributions from Taiwan, Philippines, China and Singapore Strong

More information

Financing the MDG Gaps in the Asia-Pacific

Financing the MDG Gaps in the Asia-Pacific Financing the MDG Gaps in the Asia-Pacific Dr. Nagesh Kumar Chief Economist, ESCAP And Director, ESCAP Subregional Office for South and South-West Asia, New Delhi 1 2 Outline Closing the poverty gap: interactions

More information

Financial Literacy Towards Financial Well-Being: Indonesia Experience

Financial Literacy Towards Financial Well-Being: Indonesia Experience Financial Literacy Towards Financial Well-Being: Indonesia Experience Presented by Sarjito Deputy Commissioner of Financial Education and Consumer Protection Indonesia Financial Services Authority 1 Agenda

More information

Corporate Governance in India: Developments and Policies

Corporate Governance in India: Developments and Policies 121 ISMR A. Importance of corporate governance in the capital market Good corporate governance standards are essential for the integrity of corporations, financial institutions and markets and have a bearing

More information

Cross-border audit oversight

Cross-border audit oversight September 2013 Cross-border audit oversight The equivalence of systems of public oversight, quality assurance, investigation and penalties for the audit profession in the European Union and third countries

More information

How to Increase Bond Market Liquidity an AsianBondsOnline Survey

How to Increase Bond Market Liquidity an AsianBondsOnline Survey 2009/FMM/009 Session: Plenary 2 How to Increase Bond Market Liquidity an AsianBondsOnline Survey Purpose: Information Submitted by: Asian Development Bank 16 th Finance Ministers Meeting Singapore 12 November

More information

Affluent population increases influence in APAC. But what about women?

Affluent population increases influence in APAC. But what about women? Press Release For more information, please contact: Ms. Clare Lui, Executive Director Ipsos Connect, Hong Kong Phone: +852 2839 0642 Email: Clare.Lui@ipsos.com Mr. Nicolas Bijuk, Marketing Director, Hong

More information

Technology. Internet The Mobile App Economy. Citigold Private Client 4Q Selection is key...

Technology. Internet The Mobile App Economy. Citigold Private Client 4Q Selection is key... Technology Internet The Mobile App Economy Selection is key... After generating over 120% returns in 2013, Citi s Internet index of 79 companies is down 2.3% YTD through 10 October 2014, as compared to

More information

SOA Asia-Pacific Annual Symposium. SOA China Annual Symposium. SOA Asia-Pacific Annual Symposium Seoul, South Korea May 2018

SOA Asia-Pacific Annual Symposium. SOA China Annual Symposium. SOA Asia-Pacific Annual Symposium Seoul, South Korea May 2018 SOA Asia-Pacific Annual Symposium Seoul, South Korea 24 25 May 2018 SOA China Annual Symposium Beijing, China 28 29 May 2018 The Society of Actuaries (SOA) is pleased to organize the SOA Asia Pacific Annual

More information

Capital Market Professional Development Program. The Indonesian Capital Market Gateway

Capital Market Professional Development Program. The Indonesian Capital Market Gateway Capital Market Professional Development Program The Indonesian Capital Market Gateway THE BOUNTIFUL INDONESIA More Than 17,000 Islands & 250 Million People Endowed with Vast Energy Resources 10 th Largest

More information

Session 1: Challenges & Opportunities: Emerging Frameworks for Financial Consumer Protection & Education in Asia Malaysia s Experience

Session 1: Challenges & Opportunities: Emerging Frameworks for Financial Consumer Protection & Education in Asia Malaysia s Experience Session 1: Challenges & Opportunities: Emerging Frameworks for Financial Consumer Protection & Education in Asia Malaysia s Experience Arlina Ariff Director, LINK & Regional Offices Department Bank Negara

More information

Delivering Shareholder Value

Delivering Shareholder Value Delivering Shareholder Value Adrian O Connor Chief Financial Officer Prudential Corporation Asia 10 December 2013 Delivering shareholder value Value - Profits - Cash Life Cycle New business contribution

More information

ICICI wins The Best Trade Finance Bank in India for 2012

ICICI wins The Best Trade Finance Bank in India for 2012 T.A.B. International Pte Ltd 10, Hoe Chiang Road, #14-06 Keppel Tower, Singapore 089315 Tel: (65) 6236 6520 Fax: (65) 6236 6530 www.theasianbanker.com 29 th April, 2013 Press Release ICICI wins The Best

More information

UNLOCKING INDONESIA S DIGITAL POTENTIAL AN INSURANCE PERSPECTIVE. Joos Louwerier Jakarta, 1 st November 2018

UNLOCKING INDONESIA S DIGITAL POTENTIAL AN INSURANCE PERSPECTIVE. Joos Louwerier Jakarta, 1 st November 2018 UNLOCKING INDONESIA S DIGITAL POTENTIAL AN INSURANCE PERSPECTIVE Joos Louwerier Jakarta, 1 st November 2018 hello! The Netherlands University of Amsterdam (2000) National University of Singapore/ UCLA

More information

Regional Strategy: Asia Pacific. Chi-Won Yoon, Chairman and CEO Asia Pacific

Regional Strategy: Asia Pacific. Chi-Won Yoon, Chairman and CEO Asia Pacific Regional Strategy: Asia Pacific Chi-Won Yoon, Chairman and CEO Asia Pacific Investor Day November 17, 2009 Cautionary statement regarding forward-looking statements This presentation contains statements

More information

1 June OJK-OECD High-level Regional Seminar on Empowering MSMEs Through Financial Literacy and Inclusion

1 June OJK-OECD High-level Regional Seminar on Empowering MSMEs Through Financial Literacy and Inclusion OJK-OECD High-level Regional Seminar on Empowering MSMEs Through Financial Literacy and Inclusion 1 June 2016 08.00 08.45 08.45 09.00 09.00 09.10 Registration Welcoming Dance Opening Introduction: Mr.

More information

TRADE PARTNERSHIP WORLDWIDE, LLC

TRADE PARTNERSHIP WORLDWIDE, LLC TRADE PARTNERSHIP WORLDWIDE, LLC Estimated Impacts of Proposed Tariffs on Imports from China: Televisions, Monitors, Batteries and Printer Cartridges Prepared for The Consumer Technology Association And

More information

MEDIA RELEASE. IOSCO publishes final report on Sound Practices for Investment Risk Education

MEDIA RELEASE. IOSCO publishes final report on Sound Practices for Investment Risk Education IOSCO/MR/36/2015 Madrid, 15 September 2015 IOSCO publishes final report on Sound Practices for Investment Risk Education The Board of the (IOSCO) today published its final report on Sound Practices for

More information

Study Questions (with Answers) Lecture 20 International Policies for Economic Development: Financial

Study Questions (with Answers) Lecture 20 International Policies for Economic Development: Financial Study Questions (with Answers) Page 1 of 5 Study Questions (with Answers) Lecture 20 International Policies for Economic Development: Financial Part 1: Multiple Choice Select the best answer of those given.

More information

Innovations In Financial Literacy and Consumer Empowerment A Malaysian Experience. Nirmala Supramaniam AKPK

Innovations In Financial Literacy and Consumer Empowerment A Malaysian Experience. Nirmala Supramaniam AKPK Innovations In Financial Literacy and Consumer Empowerment A Malaysian Experience Nirmala Supramaniam AKPK Contents Contents Introduction AKPK Challenges Innovation Conclusion 2 Background Private consumption

More information

Investigating the benefits of integrating wellness program into (health) insurance benefits

Investigating the benefits of integrating wellness program into (health) insurance benefits Investigating the benefits of integrating wellness program into (health) insurance benefits Linda Kam Key Account Manager, Reinsurance Globals Swiss Reinsurance Company Hong Kong Session Number: MBR11

More information

Financial Inclusion and MSME Programs in Indonesia

Financial Inclusion and MSME Programs in Indonesia 2013/SMEWG37/018 Agenda Item: 11.2.1 Financial Inclusion and MSME Programs in Indonesia Purpose: Information Submitted by: Indonesia 37 th Small and Medium Enterprises Working Group Meeting Bali, Indonesia

More information

B E N E F I T S W E B I N A R

B E N E F I T S W E B I N A R H E A L T H W E A L T H C A R E E R 2 0 1 5 B E N E F I T S W E B I N A R A S I A P A C I F I C H A R R I S O N TA N S I N G A P O R E FEBRUARY 11 2015 Presenter Title London AGENDA TOPICS 1 Demographics

More information

A world in transition: PwC s 2017 APEC CEO Survey, November APEC CEO Survey. The Philippines findings.

A world in transition: PwC s 2017 APEC CEO Survey, November APEC CEO Survey. The Philippines findings. A world in transition: PwC s 2017 APEC CEO Survey, November 2017 2017 APEC CEO Survey The Philippines findings www.pwc.com/apec Key themes Making of the workforce of the future An operating model for a

More information

Charting Brunei s Economy

Charting Brunei s Economy Charting Brunei s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June

More information

Minutes of Meeting. ADB/OECD Anti-Corruption Initiative for Asia and the Pacific. Participants. Chairs of the Meeting. Summary of the Discussions

Minutes of Meeting. ADB/OECD Anti-Corruption Initiative for Asia and the Pacific. Participants. Chairs of the Meeting. Summary of the Discussions 16th Steering Group Meeting New Delhi, India, 27 September 2011 Public Management, Governance and Participation Division Asian Development Bank Anti-Corruption Division Organisation for Economic Co-operation

More information

Global Aging Institute and Prudential survey shows strong support for retirement reform across East Asia

Global Aging Institute and Prudential survey shows strong support for retirement reform across East Asia MEDIA RELEASE Global Aging Institute and Prudential survey shows strong support for retirement reform across East Asia From Challenge to Opportunity calls on governments and businesses to close the growing

More information

Insurance data sources and data needs: Private-sector perspectives. Raymond Yeung, Swiss Re OECD-Asia Regional Seminar, September 23-24, Kuala Lumpur

Insurance data sources and data needs: Private-sector perspectives. Raymond Yeung, Swiss Re OECD-Asia Regional Seminar, September 23-24, Kuala Lumpur Insurance data sources and data needs: Private-sector perspectives Raymond Yeung, Swiss Re OECD-Asia Regional Seminar, September 23-24, Kuala Lumpur Agenda About Swiss Re's sigma Applications of insurance

More information

Kelly Services, Inc. First Quarter. May 11, 2017

Kelly Services, Inc. First Quarter. May 11, 2017 Kelly Services, Inc. First Quarter May 11, 2017 Safe Harbor Statement This release contains statements that are forward looking in nature and, accordingly, are subject to risks and uncertainties. These

More information

Public-Private Partnerships and Financial Inclusion

Public-Private Partnerships and Financial Inclusion Section 8: Public-Private Partnerships and Financial Inclusion Workshop on Enhancing Access to Formal Financial Services in Indonesia Eugene Keith Galbraith President Commissioner PT Bank Central Asia

More information

Asia-Pacific Trade Briefs: Hong Kong, China

Asia-Pacific Trade Briefs: Hong Kong, China i Asia-Pacific Trade Briefs: Hong Kong, China Merchandise Trade Hong Kong, China has a trade-to-gdp ratio of 386.95%. Merchandise trade accounted for 86.3% of Hong Kong, China's total trade in 2017. Hong

More information

A world in transition: PwC s 2017 APEC CEO Survey, November APEC CEO Survey. Malaysia s findings.

A world in transition: PwC s 2017 APEC CEO Survey, November APEC CEO Survey. Malaysia s findings. A world in transition: PwC s 2017 APEC CEO Survey, November 2017 2017 APEC CEO Survey Malaysia s findings www.pwc.com/apec Key themes Making of the workforce of the future An operating model for a fluid

More information

Singtel: Asia s Leading Communications Group

Singtel: Asia s Leading Communications Group Singtel: Asia s Leading Communications Group Morgan Stanley Hong Kong Investor Summit 22-23 March 2017 Forward looking statement Important note The following presentation contains forward looking statements

More information

Credit Information Sharing. Recent Developments: Credit Reporting Standards G20 SME Finance Initiative. Hong Kong, 24 th March 2011

Credit Information Sharing. Recent Developments: Credit Reporting Standards G20 SME Finance Initiative. Hong Kong, 24 th March 2011 Credit Information Sharing Recent Developments: Credit Reporting Standards G20 SME Finance Initiative Hong Kong, 24 th March 2011 Tony Lythgoe Head, Financial Infrastructure, Global Credit Bureau Program

More information

Investec Asian Equity Fund

Investec Asian Equity Fund GSF HK FACTSHEET Investec Asian Equity Fund 'A' Shares, USD As at end May 2018 Important information The Fund Invests primarily in equities in Asia excluding Japan. The Fund invests in emerging markets

More information

BlackRock Asset Management North Asia Limited Trustee:

BlackRock Asset Management North Asia Limited Trustee: PRODUCT KEY FACTS BlackRock Premier Funds ishares Asia ex-japan Equity Index Fund November 2018 Quick facts This statement provides you with key information about this product. This statement is a part

More information

Rizal Commercial Banking Corporation (RCBC) wins Best Cash Management Bank in Philippines for 2012

Rizal Commercial Banking Corporation (RCBC) wins Best Cash Management Bank in Philippines for 2012 T.A.B. International Pte Ltd 10, Hoe Chiang Road, #14-06 Keppel Tower, Singapore 089315 Tel: (65) 6236 6520 Fax: (65) 6236 6530 www.theasianbanker.com 29 th April, 2013 Press Release Rizal Commercial Banking

More information

Yen and Yuan. The Impact of Exchange Rate Fluctuations on the Asian Economies. C. H. Kwan RIETI

Yen and Yuan. The Impact of Exchange Rate Fluctuations on the Asian Economies. C. H. Kwan RIETI Yen and Yuan The Impact of Exchange Rate Fluctuations on the Asian Economies C. H. Kwan RIETI November 21 The Yen-dollar Rate as the Major Determinant of Asian Economic Growth -4-3 -2 Stronger Yen Yen

More information

Key Issues in the Design of Capital Gains Tax Regimes: Taxing Non- Residents. 18 July 2014

Key Issues in the Design of Capital Gains Tax Regimes: Taxing Non- Residents. 18 July 2014 Key Issues in the Design of Capital Gains Tax Regimes: Taxing Non- Residents 18 July 2014 How do we tax non-residents on capital income? Domestic design issues Tax treaty issues Interrelationship between

More information

Asian Insights Third quarter 2016 Asia s commitment in policies and reforms

Asian Insights Third quarter 2016 Asia s commitment in policies and reforms Asian Insights Third quarter 2016 Asia s commitment in policies and reforms One of the commonalities between most Asian governments is the dedicated commitment they have in using policies and initiatives

More information

Potential Effects of Regional Comprehensive Economic Partnership (RCEP) on the Philippine Economy*

Potential Effects of Regional Comprehensive Economic Partnership (RCEP) on the Philippine Economy* Potential Effects of Regional Comprehensive Economic Partnership (RCEP) on the Philippine Economy* Caesar B. Cororaton Presented at the Philippine Institute for Development Studies Quezon City, Metro Manila

More information

Doing Business: Getting Credit and APEC

Doing Business: Getting Credit and APEC 2010/SOM3/EC/SEM/003 Session 1 Doing Business: Getting Credit and APEC Submitted by: World Bank Seminar on Getting Credit for Small and Medium Enterprises Sendai, Japan 21 September 2010 Doing Business:

More information

Why Corporate Governance is Important in APEC Economies

Why Corporate Governance is Important in APEC Economies 2008/SOM3/EC/WKSP/007 Agenda Item: 2 Why Corporate Governance is Important in APEC Economies Submitted by: Chile Workshop on Corporate Governance Lima, Peru 17 August 2008 Why Corporate Governance is Important

More information

PRODUCT HIGHLIGHTS SHEET

PRODUCT HIGHLIGHTS SHEET Prepared on: 30/04/18 This Product Highlights Sheet is an important document. It highlights the key terms and risks of this investment product and complements the Prospectus 1. It is important to read

More information

Power. Schroder Asian Income. your way to higher yields. p.a.

Power. Schroder Asian Income. your way to higher yields. p.a. Schroder Asian Income POTENTIAL PAYOUTS 6% PAID MONT HLY* p.a. Power your way to higher yields * It is Schroder Investment Management (Singapore) Ltd s (the Manager s ) current intention to declare distributions

More information

Financial Education on Risk Management and Insurance

Financial Education on Risk Management and Insurance Financial Education on Risk Management and Insurance Jennefer Sebstad Microfinance Opportunities OECD-Brazil International Conference on Financial Education Rio de Janeiro December 15, 2009 Overview Brief

More information

Nikkei Asia300 Index Index Guidebook

Nikkei Asia300 Index Index Guidebook Nikkei Asia300 Index Index Guidebook Nikkei Inc. This document is the index guidebook of the Nikkei Asia300 Index published by Nikkei Inc. (Nikkei) since December 1, 2016. The document is drawn up by Nikkei

More information

Introduction of World Wealth and Income Database

Introduction of World Wealth and Income Database Introduction The World Wealth and Income Database (WID.world) aims to provide open and convenient access to the historical evolution of the world distribution of income and wealth, both within countries

More information

PRODUCT KEY FACTS BOCHK Asia Pacific Property Fund

PRODUCT KEY FACTS BOCHK Asia Pacific Property Fund PRODUCT KEY FACTS BOCHK Asia Pacific Property Fund a sub-fund of BOCHK Investment Funds Issuer: BOCI-Prudential Asset Management Limited 30 April 2015 This statement provides you with key information about

More information

CITI FINANCIAL QUOTIENT SURVEY 2010: SINGAPORE RESIDENTS BELIEVE THEY WILL HAVE TO WORK FOR AS LONG AS THEY CAN TO SUPPLEMENT THEIR RETIREMENT INCOME

CITI FINANCIAL QUOTIENT SURVEY 2010: SINGAPORE RESIDENTS BELIEVE THEY WILL HAVE TO WORK FOR AS LONG AS THEY CAN TO SUPPLEMENT THEIR RETIREMENT INCOME FOR IMMEDIATE RELEASE Citibank Singapore Limited 1 February 2011 CITI FINANCIAL QUOTIENT SURVEY 2010: SINGAPORE RESIDENTS BELIEVE THEY WILL HAVE TO WORK FOR AS LONG AS THEY CAN TO SUPPLEMENT THEIR RETIREMENT

More information

Unique mobile subscribership 3 44 %

Unique mobile subscribership 3 44 % 1 AFGHANISTAN 54 % Country commitment 44% Mobile capacity 83% Regulatory environment 72% Adoption 36% $20 17 44 % 10 % 4 % Committed to the Alliance for Financial Inclusion in 2009 Joined the Better Than

More information

Wave 2 of the East Asia Retirement Survey

Wave 2 of the East Asia Retirement Survey From Challenge to Opportunity Wave 2 of the East Asia Retirement Survey Richard Jackson President Global Aging Institute PPI Winter Roundtable Los Angeles February 26, 2016 www. GlobalAgingInstitute.org

More information

STRUCTURAL REFORMS & GLOBAL COOPERATION ARE NEEDED TO BOOST ECONOMIC GROWTH

STRUCTURAL REFORMS & GLOBAL COOPERATION ARE NEEDED TO BOOST ECONOMIC GROWTH STRUCTURAL REFORMS & GLOBAL COOPERATION ARE NEEDED TO BOOST ECONOMIC GROWTH By Ho Meng Kit Chief Executive Officer of the Singapore Business Federation (SBF) Last month, from 3 to 5 September, business

More information

*Prior periods restated for comparison (e.g. acquisitions, divestitures and securitizations).

*Prior periods restated for comparison (e.g. acquisitions, divestitures and securitizations). Consolidated Financial Highlights (Excludes Merger-Related Charges) (Dollars in Millions Except Per-Share Information, Shares in Millions) Fourth Third Second First Fourth Year-to-date Quarter Quarter

More information

A world in transition: PwC s 2017 APEC CEO Survey, November APEC CEO Survey. The United States findings.

A world in transition: PwC s 2017 APEC CEO Survey, November APEC CEO Survey. The United States findings. A world in transition: PwC s 2017 APEC CEO Survey, November 2017 2017 APEC CEO Survey The United States findings www.pwc.com/apec Key themes Making of the workforce of the future An operating model for

More information

Charting Mexico s Economy

Charting Mexico s Economy Charting Mexico s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June

More information

Financial Institutions Profiles Series. Manulife Financial: A Leading Canadian Financial Services Company. (Table of Contents)

Financial Institutions Profiles Series. Manulife Financial: A Leading Canadian Financial Services Company. (Table of Contents) Financial Institutions Profiles Series Manulife Financial: A Leading Canadian Financial Services Company (Table of Contents) July 29, 2014 TABLE OF CONTENTS History... Early Phase... Initial Acquisitions

More information

GLOBAL MOBILITY TRENDS IN ASIA

GLOBAL MOBILITY TRENDS IN ASIA HEALTH WEALTH CAREER GLOBAL MOBILITY TRENDS IN ASIA Mario Ferraro Global Mobility Practice Leader Asia, Middle East, Africa & Turkey Mercer March 2017 INTRODUCTION Mario Ferraro Regional Practice Leader,

More information

AIA-JF MPF FUND PERFORMANCE RANKS NUMBER ONE TWO YEARS IN A ROW

AIA-JF MPF FUND PERFORMANCE RANKS NUMBER ONE TWO YEARS IN A ROW 3 MARCH, 2003 AIA-JF MPF FUND PERFORMANCE RANKS NUMBER ONE TWO YEARS IN A ROW (HONG KONG, 3 March 2003) American International Assurance (AIA) JF Asset Management Limited (JF) announces its number one

More information

Research Note. Asia-Pacific Derivatives Survey. April 2019

Research Note. Asia-Pacific Derivatives Survey. April 2019 April 19 Research Note In anticipation of ISDA s 34th Annual General Meeting in Hong Kong, ISDA conducted a survey of derivatives markets in the Asia-Pacific region. The survey reveals that market participants

More information

The Vanguard Group, Inc. 3 June 2014

The Vanguard Group, Inc. 3 June 2014 PRODUCT KEY FACTS Vanguard FTSE Asia ex Japan High Dividend Yield Index ETF The Vanguard Group, Inc. 3 June 2014 This is an exchange traded fund. This statement provides you with key information about

More information

Advanced and Emerging Economies Two speed Recovery

Advanced and Emerging Economies Two speed Recovery Advanced and Emerging Economies Two speed Recovery 23 November 2 Bauhinia Foundation Research Centre Masaaki Shirakawa Governor of the Bank of Japan Slide 1 Japan s Silver Yen and Hong Kong s Silver Yuan

More information

NEW OPPORTUNITIES FOR EMERGING MARKET BANKS Serge Devieux, IFC. Jakarta, February 16, 2012

NEW OPPORTUNITIES FOR EMERGING MARKET BANKS Serge Devieux, IFC. Jakarta, February 16, 2012 NEW OPPORTUNITIES FOR EMERGING MARKET BANKS Serge Devieux, IFC Jakarta, February 16, 2012 150% INDONESIA BANKING PENETRATION IS STILL LOW BUT PROFITABLE Loan to GDP Ratio: Indonesian Banking Penetration

More information

Marine. Global Programmes. cunninghamlindsey.com. A Cunningham Lindsey service

Marine. Global Programmes. cunninghamlindsey.com. A Cunningham Lindsey service Marine Global Programmes A Cunningham Lindsey service Marine global presence Marine Global Programmes Cunningham Lindsey approach Managing your needs With 160 marine surveyors and claims managers in 36

More information

Making Our Mark Outside of North America

Making Our Mark Outside of North America Making Our Mark Outside of North America Roger Sargeant Managing Director, Interactive Data (Europe) Ltd. 1 December 14, 2007 Making Our Mark Outside North America A Trusted Leader Serving a Global Customer

More information

Doing Business 2015 Fact Sheet: East Asia and the Pacific

Doing Business 2015 Fact Sheet: East Asia and the Pacific Doing Business 2015 Fact Sheet: East Asia and the Pacific Fifteen of 25 economies in East Asia and the Pacific implemented at least one regulatory reform making it easier to do business in the year from

More information

ANZ New Zealand wins Best Trade Finance Bank and Leading Counterparty Bank in New Zealand Awards for 2012

ANZ New Zealand wins Best Trade Finance Bank and Leading Counterparty Bank in New Zealand Awards for 2012 T.A.B. International Pte Ltd 10, Hoe Chiang Road, #14-06 Keppel Tower, Singapore 089315 Tel: (65) 6236 6520 Fax: (65) 6236 6530 www.theasianbanker.com 29 th April, 2013 Press Release ANZ New Zealand wins

More information

HONG KONG PEOPLE ABANDON THEIR UPBEAT OUTLOOK

HONG KONG PEOPLE ABANDON THEIR UPBEAT OUTLOOK Press Information Contact details: Catherine Cheung PRO Marketing Services Co. Ltd. Tel: +852 2851 1482/9466 4743 E: catherine@propublicity.com www.propublicity.com for press release/ charts download HONG

More information

A Stocktaking and Comparative Assessment of Insurance Statistics in Selected Asian Countries: Preliminary Findings

A Stocktaking and Comparative Assessment of Insurance Statistics in Selected Asian Countries: Preliminary Findings OECD Asia Regional Expert Seminar: Enhancing Transparency and Monitoring of Insurance Markets 27-28 January 2012, Bangkok, Thailand A Stocktaking and Comparative Assessment of Insurance Statistics in Selected

More information

Insurance Sector Development in Indonesia

Insurance Sector Development in Indonesia Insurance Sector Development in Indonesia 12 January 2016 Outline Role of the insurance sector in economic development The state of Indonesia s insurance industry and its implications for the economy Factors

More information

Charting Myanmar s Economy

Charting Myanmar s Economy Charting Myanmar s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June

More information

Global Insurance CFO Survey Asia supplement

Global Insurance CFO Survey Asia supplement Global Insurance CFO Survey Asia supplement Contents 1 Introduction 3 Executive summary 5 Priorities and challenges 16 Delivering value in 2020 20 Looking forward Introduction EY s CFO survey of 35 global

More information

THE INTERNATIONAL ORGANISATION OF PENSION SUPERVISORS (IOPS)

THE INTERNATIONAL ORGANISATION OF PENSION SUPERVISORS (IOPS) THE INTERNATIONAL ORGANISATION OF PENSION SUPERVISORS (IOPS) PROGRAMME OF WORK AND PROJECT PROPOSALS 2011 1 DRAFT PROGRAMME OF WORK 2011 I. On-going Projects 1. The Technical Committee previously agreed

More information

Financial Literacy Around the World and Among the Youth 5 th IFFM Annual Meeting

Financial Literacy Around the World and Among the Youth 5 th IFFM Annual Meeting Financial Literacy Around the World and Among the Youth 5 th IFFM Annual Meeting October 5th 2017 Dr. Annamaria Lusardi The George Washington School of Business Director, Global Financial Literacy Excellence

More information

Berkeley Center for Law, Business and Economy May 4, Hasung Jang. Korea University Business School

Berkeley Center for Law, Business and Economy May 4, Hasung Jang. Korea University Business School Corporate Governance in Asia Berkeley Center for Law, Business and Economy May 4, 2006 Hasung Jang Dean Korea University Business School Changes in Corporate Governance in Asian Region Convergence in regulations

More information

PineBridge Investments Asia Limited, based in Hong Kong (internal delegation) State Street Custodial Services (Ireland) Limited

PineBridge Investments Asia Limited, based in Hong Kong (internal delegation) State Street Custodial Services (Ireland) Limited Issuer: PineBridge Investments Ireland Limited Product Key Facts PineBridge Global Funds PineBridge Asia ex Japan Small Cap Equity Fund 27 April 2018 QUICK FACTS Fund Manager (Manager) Investment Manager

More information

Singapore: A Springboard for your ASEAN Investment. David Chao FDI Advisory UOB Hong Kong

Singapore: A Springboard for your ASEAN Investment. David Chao FDI Advisory UOB Hong Kong Singapore: A Springboard for your ASEAN Investment David Chao FDI Advisory UOB Hong Kong November 2016 1 Growing Regional FDI Trends FDI inflows into ASEAN and China (USD billion) 95 115 105 124 121 124

More information

Changing Trends and Investor Bases of Asian Bond Markets Sabyasachi Mitra, Asian Development Bank S. Ghon Rhee, University of Hawaii

Changing Trends and Investor Bases of Asian Bond Markets Sabyasachi Mitra, Asian Development Bank S. Ghon Rhee, University of Hawaii Changing Trends and Investor Bases of Asian Bond Markets Sabyasachi Mitra, Asian Development Bank S. Ghon Rhee, University of Hawaii A Presentation at the 21 st OECD Global Forum on Public Debt Management

More information