Tamara Leisure Experiences Pvt. Ltd. has announced the appointment of Ms. Shalini Warrier as an Independent Director to its Board of Directors. With over three decades of experience in the banking and finance sector, Shalini brings a wealth of knowledge in financial management, digital transformation, and strategic governance. She is currently the Co-Promoter and Chief Executive Officer of Gosree Finance Limited, a non-banking financial company based in Kochi, Kerala.

Shalini has had a distinguished career in banking, serving as Executive Director on the Board of Federal Bank from 2020 to 2025, where she led the bank’s Retail Banking business and oversaw its digital banking initiatives. She has also served as a Nominee Director on the Board of Ageas Federal Life Insurance Company and has held leadership roles at Standard Chartered Bank across multiple countries.

Shalini is a Chartered Accountant and a Certified Associate of the Indian Institute of Bankers. She is widely recognized as a thought leader in the financial industry and has represented Indian banking at several global fintech and technology forums. Her appointment to the Board of Tamara Leisure Experiences is expected to bring invaluable expertise in finance, digital innovation, and governance to the company.

The Chairman of Tamara Leisure Experiences, Mr. S. D. Shibulal, expressed his delight at Shalini’s appointment, stating that her experience will be invaluable as the company continues to strengthen its vision for responsible growth and operational excellence. Tamara Leisure Experiences is an award-winning hospitality group that is committed to sustainability and responsible governance. The company’s portfolio includes resorts, hotels, and wellness centers that are designed to demonstrate that exceptional hospitality can coexist in harmony with nature and community.

Shalini’s appointment is expected to enhance the strategic depth of the Board at Tamara Leisure Experiences, reinforcing the company’s commitment to integrating robust financial stewardship and sustainability-led governance as it continues to expand its portfolio across hospitality and allied sectors. With her extensive experience and expertise, Shalini is expected to play a key role in shaping the company’s future growth and development. Overall, the appointment of Shalini Warrier as an Independent Director is a significant development for Tamara Leisure Experiences, and is expected to have a positive impact on the company’s future prospects.

Tamara Leisure Experiences Pvt. Ltd. has announced the appointment of Ms. Shalini Warrier as an Independent Director to its Board of Directors. With over three decades of experience in the banking and finance sector, Shalini brings a wealth of knowledge in financial management, digital transformation, and strategic governance. She currently serves as the Co-Promoter and Chief Executive Officer of Gosree Finance Limited, a non-banking financial company based in Kochi, Kerala.

Shalini has had a distinguished career in banking, having served as Executive Director on the Board of Federal Bank from 2020 to 2025, where she led the bank’s Retail Banking business and oversaw its digital banking initiatives. She has also served as a Nominee Director on the Board of Ageas Federal Life Insurance Company and has held several leadership roles at Standard Chartered Bank across India, Brunei, Indonesia, Singapore, and the United Arab Emirates.

Shalini is a Chartered Accountant and a Certified Associate of the Indian Institute of Bankers. She is widely recognized as a thought leader in the financial industry and has represented Indian banking at several global fintech and technology forums. Her appointment to the Tamara Leisure Experiences Board is expected to bring significant value to the company, particularly in the areas of finance, digital innovation, and governance.

The Chairman of Tamara Leisure Experiences, Mr. S. D. Shibulal, expressed his delight at Shalini’s appointment, stating that her extensive experience will be invaluable as the company continues to strengthen its vision for responsible growth and operational excellence. Shalini’s appointment reinforces the company’s commitment to integrating robust financial stewardship and sustainability-led governance as it expands its portfolio across hospitality and allied sectors.

Tamara Leisure Experiences is an award-winning hospitality group that prioritizes sustainability and responsible growth. The company’s philosophy is centered around the idea of “People, Planet, and Profit, Thriving Together,” and every aspect of its operations reflects a commitment to conscious, responsible choices. With Shalini’s appointment, the company is poised to continue redefining responsible and memorable hospitality, offering guests enriching experiences that blend comfort, care, adventure, and wellbeing.

Standard Chartered has revised its economic growth forecast for Hong Kong in 2025, increasing it to 2.8 percent. This is a notable upgrade from the bank’s previous prediction, driven by a combination of factors that are expected to boost the territory’s economy.

One of the primary reasons for the revised forecast is the anticipated improvement in trade and exports. As the global economy continues to recover, Hong Kong’s trade sector is likely to benefit, with exports expected to increase. This, in turn, will have a positive impact on the territory’s GDP growth.

Another factor contributing to the revised forecast is the expected growth in domestic demand. As the local economy continues to recover from the COVID-19 pandemic, consumer spending and investment are likely to increase, driving economic growth. The Hong Kong government’s efforts to stimulate the economy through various measures, such as tax cuts and investment incentives, are also expected to contribute to the growth.

Standard Chartered’s economists also point to the territory’s strong financial sector as a key driver of growth. Hong Kong’s status as a major financial hub, with a highly developed banking system and a favorable business environment, is expected to attract more foreign investment and support economic growth.

In addition, the bank’s economists note that the Chinese government’s efforts to support the economy, including measures to boost domestic consumption and investment, are likely to have a positive impact on Hong Kong’s economy. As a major trading partner with China, Hong Kong is well-positioned to benefit from the mainland’s economic growth.

While there are still risks to the forecast, including the potential for a global economic downturn and ongoing geopolitical tensions, Standard Chartered’s economists believe that the positive factors will outweigh the negatives. Overall, the revised forecast of 2.8 percent GDP growth for Hong Kong in 2025 reflects a more optimistic outlook for the territory’s economy, driven by a combination of external and domestic factors.

The upgrade in the forecast is also a testament to the resilience and adaptability of the Hong Kong economy, which has faced numerous challenges in recent years, including the COVID-19 pandemic and social unrest. As the economy continues to recover and grow, it is likely to remain a major financial and trade hub, supporting economic growth and development in the region.

According to Standard Chartered, global reserve managers are adopting a countercyclical approach to the US dollar, buying when it weakens and selling when it strengthens. This strategy is based on an analysis of IMF data, which shows that dollar reserves and the Bloomberg Dollar Index have moved in opposite directions in 17 of the past 20 quarters. This suggests that central banks are using currency fluctuations to rebalance their portfolios, rather than following market trends.

In the second quarter of 2025, for example, the US dollar fell by 6.6%, but official reserves actually rose by $50 billion. This is likely because central banks avoided adding to the selling pressure, instead choosing to buy the dollar at a weaker price. In contrast, in the fourth quarter of 2024, the dollar gained 7.1%, and reserves dropped by $154 billion as managers took profits on the strength of the dollar.

This pattern of behavior reflects a cautious and opportunistic approach by central banks, according to Standard Chartered. The bank notes that official institutions remain important stabilizing forces in global currency markets, and their actions can help to mitigate market volatility. By buying the dollar when it is weak and selling when it is strong, central banks can help to smooth out currency fluctuations and maintain stability in the market.

Overall, the data suggests that central banks are taking a proactive and strategic approach to managing their dollar reserves, rather than simply following market trends. This approach can help to reduce the risk of large losses due to currency fluctuations, and can also provide opportunities for profit when the dollar is strong. As a result, global reserve managers are playing an important role in maintaining stability in the global currency market.

Standard Chartered and the Bank of India have jointly financed a $215 million term loan to an Air India subsidiary, AI Fleet Services IFSC Ltd (AIFS), for the financing of six Boeing 777-300ER aircraft. The seven-year financing is part of Air India’s ongoing fleet renewal and expansion plans, which aim to increase its fleet to 570 aircraft. The deal marks the first commercial aircraft finance transaction structured with a GIFT City borrower, highlighting India’s growing role in global aviation financing.

GIFT City, located in Ahmedabad, is emerging as a hub for aviation finance, and this deal underscores its importance. Standard Chartered acted as the structuring bank, while both lenders jointly underwrote the transaction as mandated lead arrangers and bookrunners. The move comes amid India’s aviation boom, with the sector expected to play a pivotal role in economic connectivity and growth.

Air India has embarked on a five-year transformation journey, placing an order for 570 new aircraft, merging sister airlines, and investing in training academies and maintenance facilities. The airline has also announced that it will operate 174 additional weekly flights across domestic and short-haul international routes during the winter schedule, starting on October 26. The expansion is designed to meet the growing travel demand during the winter schedule.

The new routes will enhance connectivity with major Indian cities and popular destinations in Southeast Asia. Internationally, the airline is ramping up operations on high-traffic routes, including flights between Delhi and Kuala Lumpur, and Delhi and Denpasar (Bali). In the domestic sector, Air India is targeting important seasonal and regional routes, including new direct services from Delhi to Jaipur and Jaisalmer.

The airline is also strengthening its network in central India, with increases in daily flights on routes connecting Delhi and Mumbai to Udaipur, Jaipur, and Jodhpur. Additionally, services to Gujarat, such as those from Mumbai to Bhuj and Delhi to Rajkot, are being expanded to operate twice daily. The network expansion comes as Air India’s fleet retrofit programme nears completion, with 26 of the 27 legacy Airbus A320neo aircraft targeted for cabin upgrades already retrofitted with completely redesigned interiors.

The airline currently operates a fleet of 187 aircraft, comprising Airbus and Boeing models, and is investing in both network and product to reposition itself as a world-class carrier. The ongoing transformation agenda aims to enhance the airline’s competitiveness and provide a better experience for its passengers. With the addition of new aircraft and routes, Air India is poised to play a significant role in India’s growing aviation sector.

Standard Chartered, a London-based bank, has signed new agreements to expand its global India business. The bank has partnered with the Singapore Indian Chamber of Commerce & Industry and the Institute of Chartered Accountants of India in Singapore. These partnerships aim to increase the bank’s access to Indian business networks in Singapore and strengthen its presence within the community.

According to Standard Chartered, India’s population of high net worth individuals has doubled in the past decade and is projected to reach 1.6 million by 2027. The bank sees an opportunity to support and grow alongside this wave of wealth creation. James Lye, the bank’s global and Singapore international banking head, stated that there is a growing demand in the global Indian community for cross-border banking and wealth solutions.

The latest agreements are part of a broader effort to refresh Standard Chartered’s global Indian proposition, which began in 2024. The revamp included increased connectivity with the bank’s hubs in Singapore, Hong Kong, UAE, and UK, as well as access to a new affluent wealth center in Mumbai and lifestyle experiences.

To cater to its Indian clients, Standard Chartered recently hosted an exclusive Deepavali celebration in Singapore, which was attended by over 200 clients. The event featured a traditional Diya lighting ceremony, a classical sitar and tabla performance, and a performance by renowned Hindi playback singer Sonu Nigam. This event is an example of the bank’s efforts to provide unique experiences to its clients and strengthen its connection with the Indian community.

Through these partnerships and initiatives, Standard Chartered aims to deepen its understanding of the Indian market and provide tailored solutions to its clients. The bank’s goal is to position itself as a leading provider of cross-border banking and wealth solutions to the global Indian community. With its refreshed global Indian proposition, Standard Chartered is well-placed to support the growing wealth creation in India and cater to the needs of its high net worth individuals.

Standard Chartered has announced the expansion of its Women in Technology Incubator program, aimed at supporting female entrepreneurs in the banking and financial technology sectors. The program, which was initially launched in 2017, provides a platform for women to develop their business ideas, gain mentorship, and access funding.

The expansion of the program is part of the bank’s efforts to increase diversity and inclusion in the technology and banking industries. According to Standard Chartered, the program has already supported over 200 female-led startups, with many going on to secure funding and scale their businesses.

The Women in Technology Incubator program offers a range of benefits to participants, including access to mentorship, training, and networking opportunities. The program also provides funding to support the development of business ideas, as well as access to the bank’s global network of clients and partners.

Standard Chartered’s expansion of the program is seen as a significant step towards promoting gender diversity in the banking and technology industries. The bank has set a goal of having 30% of its technology workforce made up of women by 2025, and the program is expected to play a key role in achieving this target.

The program has already had a positive impact on the lives of many women, with many participants reporting significant improvements in their businesses and careers. The program has also helped to create a community of female entrepreneurs and technologists, who are able to support and learn from each other.

The expansion of the Women in Technology Incubator program is part of a broader effort by Standard Chartered to promote diversity and inclusion across its operations. The bank has also launched a range of other initiatives, including training programs and networking events, aimed at supporting women in the workplace.

Overall, the expansion of the Women in Technology Incubator program is a significant step towards promoting gender diversity in the banking and technology industries. The program has the potential to make a significant impact on the lives of many women, and to help create a more diverse and inclusive industry. With its global reach and commitment to diversity and inclusion, Standard Chartered is well-placed to make a positive impact in this area.

A recent development has added a twist to the ongoing pension saga involving Standard Chartered Bank (StanChart) retirees. A law firm has filed a suit against the retirees, seeking to recover service costs incurred during their initial legal battle against the bank. The retirees had taken StanChart to court over changes to their pension scheme, which they claimed would significantly reduce their benefits.

The law firm, which represented the retirees in their case against StanChart, is now seeking to recover costs associated with providing legal services to the retirees. The firm claims that the retirees agreed to pay for these services, but have since failed to do so. The retirees, on the other hand, argue that they were not aware of the terms of the agreement and did not consent to paying the law firm’s costs.

The pension saga began when StanChart announced changes to its pension scheme, which would have resulted in reduced benefits for retirees. The retirees, who had accrued benefits under the old scheme, argued that the changes would unfairly deprive them of their entitlements. They took the bank to court, seeking to block the changes and protect their pension benefits.

The court ultimately ruled in favor of the retirees, ordering StanChart to revert to the old pension scheme. However, the victory was short-lived, as the law firm representing the retirees then filed a suit seeking to recover service costs. The retirees are now facing a new legal battle, as they attempt to resist the law firm’s claims.

The case has sparked debate about the ethics of law firms suing their clients for service costs, particularly in cases where the clients are vulnerable individuals such as retirees. The retirees argue that they were not aware of the terms of the agreement and did not consent to paying the law firm’s costs. They also claim that the law firm’s actions are unfair andamount to a betrayal of trust.

The case is ongoing, with the retirees seeking to have the law firm’s suit dismissed. The outcome of the case will have significant implications for the retirees and could potentially set a precedent for similar cases in the future. The retirees are hoping that the court will rule in their favor, allowing them to finally put the pension saga behind them and enjoy their retirement without further legal battles.

A recent report by Standard Chartered has warned that stablecoins could potentially drain up to $1 trillion from emerging market (EM) banks over the next three years. This is because stablecoins offer consumers a USD-based account without the need for traditional intermediaries, leading to a migration of banking functions to the non-bank digital sector. The report identified Egypt, Pakistan, Bangladesh, and Sri Lanka as the most exposed to this potential outflow.

However, not everyone agrees with this assessment. Dominic Schwenter, COO at Lisk, believes that the rise of local-currency stablecoins across emerging markets could mitigate the impact of this outflow. He cites examples such as the cNGN in Nigeria and IDRX in Indonesia, and notes that most users still prefer some form of custodial trust, which could limit the extent of disintermediation.

Robert Schmitt, co-founder of Cork Protocol, takes a different view, suggesting that the adoption of stablecoins could signal a “second Bretton Woods” moment, where the global financial system is reorganized around the US dollar. He believes that stablecoins will extend dollar hegemony beyond traditional financial channels, bringing entire economies into the digital dollar system.

The implications of this trend are far-reaching, with some experts arguing that it could lead to a redefinition of monetary geography, where digital dollars, local stablecoins, and tokenized assets coexist in a fragmented but connected financial ecosystem. Others warn that authoritarian-leaning governments may respond to stablecoin adoption with restrictive frameworks, while regulatory clarity in emerging markets is already higher than in some advanced economies.

Ultimately, the rise of stablecoins is likely to reshape the structure of financial institutions themselves, with individuals increasingly able to bypass national banking systems entirely. The question of who controls this new financial landscape – the banks, the blockchains, or the billions of individuals walking between them – remains to be seen. As Schmitt notes, “every Bretton Woods moment comes with winners and losers,” and this time, the ledger might be on-chain.

The potential impact of stablecoins on emerging markets is significant, with some experts arguing that it could provide a lifeline for citizens in countries with unstable currencies and capital controls. However, it also threatens central banks’ control over monetary policy, and could lead to a loss of deposits for traditional banks. The next three years will be crucial in determining the trajectory of this trend, and whether it will lead to a fundamental shift in the global financial system.

Standard Chartered has achieved significant success in its efforts to expand its high-end investment expertise to a broader client base. The bank’s flagship product, Signature CIO Funds, has raised over $3 billion in Assets Under Management (AUM) within just three years of its launch. This rapid growth is a testament to the bank’s strategy to democratize its investment services and provide innovative, personalized wealth solutions to its clients.

The success of Signature CIO Funds can be attributed to the bank’s commitment to providing high-quality investment products and services that cater to the diverse needs of its clients. By leveraging its expertise and experience in the investment industry, Standard Chartered has been able to create a unique offering that sets it apart from its competitors.

The raising of over $3 billion in AUM is a significant milestone for the bank, and it demonstrates the confidence that investors have in the Signature CIO Funds. The bank’s ability to attract such a large amount of assets in a relatively short period of time is a reflection of its strong reputation and track record in the investment industry.

The growth of Signature CIO Funds is also a reflection of the increasing demand for high-end investment products and services from a broader range of clients. As the wealth of individuals and families continues to grow, there is a growing need for sophisticated investment solutions that can help them manage their assets effectively. Standard Chartered’s Signature CIO Funds are well-positioned to meet this demand, and the bank’s success in this area is likely to continue in the future.

Overall, the success of Standard Chartered’s Signature CIO Funds is a significant achievement for the bank, and it demonstrates its commitment to providing innovative and personalized wealth solutions to its clients. As the bank continues to expand its investment services and products, it is likely to remain a major player in the investment industry. With its strong reputation and track record, Standard Chartered is well-positioned to continue attracting new clients and assets, and to maintain its position as a leading provider of high-end investment expertise.

Liverpool Football Club has seen a significant surge in sponsorship revenues, with the club generating £308m through sponsorship, merchandise sales, and non-football events at Anfield in the 2023-24 financial year. This marks the 12th consecutive year that the club has set a new record for commercial income. Football finance experts predict that Liverpool’s overall revenues for the title-winning season will surpass £700m, with the club’s commercial operation overseen by owners FSG being remarkably resilient.

The club’s new kit deal with Adidas has been a major contributor to this growth, with record sales of the new home kit in August, outstripping the previous season’s launch day with Nike by 700%. The deal with Adidas is worth £60m annually, but it is reported that the club’s final take-home from the deal could be significantly higher, around £90-100m per season, after royalties and performance-related bonuses.

Liverpool’s sponsorship portfolio is diverse, with 26 sponsors in total, including Standard Chartered, Expedia, AXA, and Visit Maldives. The club’s front-of-shirt partner, Standard Chartered, is worth £50m annually, and is one of the partnerships in the financial services industry that accounts for 16% of global sponsorship revenue. The research from market researcher Ampere suggests that Adidas has increased its spending on kit supplier deals in Europe by almost £75m this season, reinforcing its position as the highest-spending sponsor across the continent’s five biggest leagues.

The club’s commercial strategy, overseen by FSG, has been vindicated by the research from Ampere, which shows that Liverpool’s commercial operation is highly sophisticated. Every pound earned through shirt sales, sponsorship deals, or concerts at Anfield is reinvested in the club, under FSG’s self-sufficient financial model. The latest facts and figures illustrate the success of this strategy, with Liverpool’s commercial income continuing to grow year on year. The club’s ability to attract and retain high-value sponsors is a testament to its strong brand and commercial appeal, and it is likely that Liverpool will continue to be one of the biggest beneficiaries of the surge in sponsorship revenues in elite football.

The Standard Chartered Beyond Card, launched in November 2024, is a premium card offering various perks, including unlimited airport lounge access, complimentary limo transfers, and World Elite Mastercard status. The card provides the highest earn rates for general spending in Singapore, with up to 2 mpd on local spend and 4 mpd on overseas spend.

As of now, the card is offering a welcome bonus of 100,000 miles for customers who spend at least S$20,000 within 90 days of approval. This offer, initially set to expire on September 30, 2025, has been extended until December 31, 2025. The bonus miles are broken down into 60,000 miles for paying the S$1,635 annual fee and 40,000 miles for meeting the minimum spend requirement.

The StanChart Beyond Card has a S$1,635 annual fee and requires a minimum income of S$200,000 per annum. Cardholders can enjoy various benefits, including birthday meals at Michelin-starred restaurants, Business Class upgrades, and airport lounge access. The card’s earn rates and benefits vary depending on the cardholder’s status with the bank.

The welcome offer’s value is estimated to be around S$1,500, based on a personal valuation of 1.5 cents per mile. However, the minimum spend requirement of S$20,000 is a significant hurdle, making it essential to weigh the benefits against other available credit card options. It’s also important to note that the card’s points pool within each tier but cannot be combined across tiers, and transfers to partner airlines cost S$27.25 each.

Standard Chartered has reduced its airline and hotel transfer partners from 10 to 2, with Cathay Pacific Asia Miles being added in March 2024. The card’s benefits and earn rates make it an attractive option for frequent travelers, but the high annual fee and minimum spend requirement may deter some potential customers. Ultimately, whether the StanChart Beyond Card is worth it depends on individual circumstances and spending habits.

The Standard Chartered Visa Infinite card has extended its sign-up bonus of 50,000 miles until December 31, 2025. This offer is available to both new and existing Standard Chartered cardholders. To receive the bonus miles, cardholders must pay the first year’s annual fee of S$599.50 and spend at least S$2,000 within 60 days of approval. The bonus miles are awarded on top of the card’s regular earn rates, which range from 1-3 mpd for local and foreign currency transactions.

The cost per mile for this offer is approximately 1.2 cents, which is considered attractive by market standards. However, it’s worth noting that Standard Chartered’s list of transfer partners has been significantly reduced, with only KrisFlyer and Asia Miles remaining. The card’s other benefits, such as six complimentary Priority Pass lounge visits per year, are also relatively mediocre considering the annual fee of almost S$600.

Cardholders can earn a total of 52,000 to 56,000 miles, depending on how their S$2,000 spend is distributed. The bonus miles are credited in the form of 360° Rewards Points, which can be transferred to partner airlines at a conversion ratio of 25,000:10,000 for Tier 1 cards and 34,500:10,000 for Tier 2 cards. Transfers cost S$27.25 each, regardless of the number of points transferred.

While this offer may be a good opportunity for those who have been considering the StanChart Visa Infinite, the card’s overall features and benefits are underwhelming. The earn rates are competitive, but only for those who spend at least S$2,000 in a statement month. Otherwise, the earn rate is a relatively low 1 mpd for both local and foreign currency transactions.

In conclusion, the StanChart Visa Infinite’s 50,000 miles welcome offer is a good deal for those who want to accumulate miles at an attractive rate. However, the card’s other features and benefits are not impressive, and cardholders may want to consider holding the card for no more than a year before switching to a more compelling option. It’s also worth noting that new customers may want to consider applying for the StanChart Simply Cash Card first, which offers S$350 cash with a minimum spend of S$800 in 30 days, and then applying for the StanChart Visa Infinite as an existing customer to enjoy the 50,000 bonus miles.

According to recent reports, Air India has successfully raised $215 million from Standard Chartered and Bank of India (BOI). This development comes after the airline had initially sought a $200 million loan. The funding is expected to provide a significant boost to the airline’s operations and help it overcome current financial challenges.

The report suggests that Air India had been in talks with multiple lenders to secure the necessary funds, and the deal with Standard Chartered and BOI has finally come to fruition. The amount raised exceeds the initial target of $200 million, indicating a strong show of confidence from the lenders in the airline’s potential for growth and revival.

The funding is likely to be utilized by Air India to meet its working capital requirements, upgrade its fleet, and enhance its services to compete more effectively in the market. The airline has been undergoing significant transformations since its privatization, with a focus on improving its operational efficiency, customer experience, and overall competitiveness.

The deal with Standard Chartered and BOI is a positive development for Air India, as it demonstrates the airline’s ability to secure funding from reputable international and domestic lenders. This is expected to enhance the airline’s credibility and reputation in the market, making it more attractive to investors and customers alike.

The report also highlights the challenges faced by Air India in recent times, including intense competition from low-cost carriers and the impact of the COVID-19 pandemic on the aviation industry. Despite these challenges, the airline has been working tirelessly to revamp its operations, expand its network, and improve its services to regain its position as a leading carrier in the region.

In conclusion, Air India’s successful fundraising effort from Standard Chartered and BOI is a significant milestone for the airline, providing it with the necessary funds to drive growth and improvement. The deal is a testament to the airline’s potential for revival and its commitment to enhancing its services and operations to meet the evolving needs of its customers. With this funding, Air India is poised to take significant strides in the competitive aviation market and reclaim its position as a leading carrier in the region.

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China have launched a cross-boundary bond repurchase (repo) scheme, aiming to enhance the Bond Connect scheme and attract more international investors to trade in yuan-denominated mainland bonds. The scheme allows overseas institutional investors to participate in the onshore repo business and remit yuan obtained for offshore use. This move is expected to increase offshore yuan liquidity in Hong Kong, boost overseas investors’ interest in allocating yuan assets, and promote the development of offshore yuan businesses.

HSBC and Standard Chartered, two of Hong Kong’s note-issuing banks, have successfully completed trades under the new scheme. HSBC has already completed transactions with onshore financial institutions to obtain yuan funding via the repo scheme. The transactions demonstrate investors’ growing confidence in China’s capital market liberalization and reinforce Hong Kong’s position as the leading offshore yuan hub.

The Bond Connect scheme, launched in 2017, allows international investors to trade in mainland China’s bond market. The new cross-border repo scheme is seen as a significant development, as it provides investors with more flexible and efficient ways to manage their yuan-denominated bond holdings. Chinese bonds are attractive to investors due to their diversification benefits and relative stability.

According to HKMA chief executive Eddie Yue Wai-man, the new scheme will bolster offshore yuan liquidity in Hong Kong and increase overseas investors’ interest in allocating yuan assets. The launch of the cross-border repo scheme is a positive development for Hong Kong’s financial market, solidifying its position as a major offshore yuan hub. The scheme is expected to attract more international investors to trade in yuan-denominated bonds, further integrating China’s bond market into the global financial system. Overall, the new scheme is a significant step forward in promoting the development of offshore yuan businesses and enhancing the Bond Connect scheme.

The Finance Ministry of Sri Lanka has appointed Dharshan Jayaratne as an Independent, Non-Executive Director of the Bank of Ceylon (BOC). Jayaratne brings with him over 31 years of experience in the banking sector, with a specialization in financial markets. His expertise includes financial markets management, foreign exchange and bond trading, money markets, investment management, capital markets, and structured products.

Jayaratne’s career in banking began in 1993 at ABN AMRO Bank, where he gained essential knowledge in bank operations. He later moved to the Treasury division, laying the foundation for his future roles in the financial sector. In 2002, he joined Citibank’s Treasury Division, further honing his skills in financial markets.

In 2004, Jayaratne joined Standard Chartered Bank as an interbank trader specializing in foreign exchange and money markets. Over the next 20 years, he rose through the ranks, holding several senior positions, including Head of Financial Markets Sri Lanka and member of the Country Management Team. He also took on additional leadership roles, such as Co-Head of Wholesale Banking, Head of Trading, and Acting CEO of Standard Chartered Bank.

Jayaratne’s appointment to the Bank of Ceylon is a significant move, given his extensive experience and expertise in financial markets. His independent, non-executive director role will likely bring a new perspective to the bank’s operations and strategy. With his deep understanding of financial markets and his leadership experience, Jayaratne is well-equipped to contribute to the bank’s growth and development.

The appointment of Jayaratne is also a testament to the Finance Ministry’s efforts to bring in experienced professionals to lead the country’s banking sector. As Sri Lanka navigates its economic challenges, the expertise of individuals like Jayaratne will be crucial in shaping the country’s financial future. Overall, Jayaratne’s appointment is a positive development for the Bank of Ceylon and the Sri Lankan banking sector as a whole.

Standard Chartered Bank has appointed Praveen Karunaratne to its Country Management Team in Sri Lanka. Karunaratne will be taking on the role of Head of Corporate and Institutional Banking, where he will be responsible for driving the growth of the bank’s corporate and institutional banking business in the country.

With over 20 years of experience in the banking industry, Karunaratne brings a wealth of knowledge and expertise to his new role. He has held various senior positions in corporate and investment banking, including stints at several leading banks in Sri Lanka. His appointment is seen as a significant boost to Standard Chartered’s corporate and institutional banking business in the country.

As Head of Corporate and Institutional Banking, Karunaratne will be responsible for developing and implementing the bank’s corporate and institutional banking strategy in Sri Lanka. He will work closely with the bank’s clients, including large corporations, Financial Institutions, and government entities, to provide them with a range of banking services and solutions.

Karunaratne’s appointment is part of Standard Chartered’s efforts to strengthen its management team in Sri Lanka. The bank has been present in the country for over 120 years and has a long history of supporting the growth and development of the Sri Lankan economy. Standard Chartered’s Country Management Team is responsible for driving the bank’s business in Sri Lanka and for implementing its strategy in the country.

The bank’s CEO, Bingumal Thewarathanthri, welcomed Karunaratne’s appointment, saying that he brings a deep understanding of the Sri Lankan market and a strong track record of delivering results. Thewarathanthri expressed confidence that Karunaratne will play a key role in driving the growth of the bank’s corporate and institutional banking business in Sri Lanka.

Karunaratne’s appointment is seen as a positive development for Standard Chartered’s business in Sri Lanka. His experience and expertise will be invaluable in helping the bank to navigate the complex and evolving banking landscape in the country. As the Sri Lankan economy continues to grow and develop, Standard Chartered is well-positioned to support the needs of its clients, and Karunaratne’s appointment is an important step in this process.

SC Ventures, a subsidiary of Standard Chartered Bank, has partnered with Fujitsu to launch Project Quanta, a joint venture aimed at developing and integrating quantum computing and quantum-inspired applications. The project will provide a platform for clients to rapidly explore, develop, and integrate these technologies. The current quantum development industry is fragmented, with some companies excelling in hardware integration and others in quantum algorithm building tools. By joining forces, SC Ventures and Fujitsu aim to unlock quantum resources and talent on one platform, allowing corporates to scale their quantum capabilities.

The joint venture will leverage Fujitsu’s expertise in quantum computing research and development, as well as its software and algorithm development capabilities. SC Ventures will contribute its venture building prowess and deep insights into financial institutions. The partnership will utilize Fujitsu’s quantum computing technologies, including a 1,000-qubit superconducting quantum computer scheduled to begin operation in 2026, and a planned 10,000-qubit superconducting quantum computer by 2030.

The initial focus of the joint venture will be on developing in-house solutions for financial services use cases, such as fraud detection, risk simulations, derivative pricing, algorithmic trading, and credit decision algorithms. The goal is to expand to multiple sectors in the near future. According to Stafford Bond, Head of Growth Investments at Fujitsu UK, the partnership represents a bold step towards democratizing access to quantum capabilities and realizing true quantum advantage.

Apurv Suri, Client Engagement & Partnerships Lead at SC Ventures, stated that the partnership will accelerate the development of quantum use cases, intellectual property, resources, and value. The joint venture will provide a platform for clients to access quantum resources and talent, allowing them to scale their quantum capabilities and unlock transformative value for businesses. Overall, the partnership between SC Ventures and Fujitsu has the potential to accelerate the practical application of quantum technologies and unlock new opportunities for businesses.

Sri Lanka is showing signs of economic recovery after facing significant challenges. The country’s exports have seen a steady recovery, with a 7% increase in merchandise exports and a 10% increase in services exports. Worker remittances have also rebounded strongly, with a 20% increase from the previous year. Tourism has seen a strong bounce back, with a 14% growth in monthly arrivals and earnings. Foreign Direct Investment (FDI) is also showing early signs of returning interest, especially in sectors such as renewable energy, manufacturing, and logistics.

The CEO of Standard Chartered Sri Lanka, P.D. Singh, believes that the future holds significant opportunity for the bank, with its international footprint and legacy presence in the country. The bank is committed to supporting Sri Lanka’s reintegration into global markets and is uniquely positioned to play a catalytic role in this process. Standard Chartered has been a longstanding market leader in servicing financial institutions and the Government of Sri Lanka, and the bank aims to continue this support, helping Sri Lanka access global capital markets with confidence.

The bank is also committed to expanding its Financial Markets (FM) franchise in Sri Lanka, leveraging its global expertise in emerging market economies. The goal is to add value to clients as they drive the country’s economic growth, with a focus on digitization and structured solutions. Standard Chartered’s transaction banking aims to power businesses of the real economy with world-class cash management, trade finance, and working capital solutions.

In terms of bilateral opportunities between India and Sri Lanka, there are significant avenues for collaboration in manufacturing, services, renewable energy, and regional supply chains. India is Sri Lanka’s largest trading partner, with bilateral trade exceeding $5 billion annually. Strengthening trade linkages through improved logistics and customs cooperation can further integrate supply chains. Sri Lanka offers a strategic location with access to major shipping lanes, making it an ideal partner for regional manufacturing hubs and value chain integration.

Standard Chartered can help Sri Lanka build a stronger and more resilient FDI pipeline by leveraging its global network and facilitating sustainable, long-term investment. The bank works closely with both the public and private sectors to connect strategic investors to priority sectors such as infrastructure, renewable energy, manufacturing, and digital services. Consistency and credibility are key to investor confidence, and the bank is encouraged by the government’s direction in implementing reforms.

To ensure long-term stability and growth, Sri Lanka must focus on enablers such as infrastructure development, bilateral trade treaties, strengthened PPP frameworks, and digitization and innovation. The country must also address potential stumbling blocks, including external headwinds and the need for continued investment and vigilance. Standard Chartered is committed to being a long-term partner in Sri Lanka’s growth story, helping the country not just recover but re-emerge stronger and more connected on the global stage.

Standard Chartered Singapore has reported a 13.7% increase in its net profit for the first half of 2025, according to a recent statement. The bank’s strong performance was driven by a combination of factors, including growth in its core business segments, improved operating efficiency, and a favorable economic environment.

The bank’s net profit for the first six months of 2025 stood at $742 million, up from $652 million in the same period last year. The increase in net profit was largely driven by a 10% growth in operating income, which rose to $2.1 billion. The bank’s operating income was boosted by strong growth in its corporate and commercial banking business, as well as its wealth management segment.

Standard Chartered Singapore’s corporate and commercial banking business saw a significant increase in income, driven by higher lending and transaction banking activity. The bank’s wealth management segment also performed well, with assets under management growing by 15% year-on-year. The bank’s consumer banking business also saw a modest increase in income, driven by growth in credit card and personal loan balances.

The bank’s strong performance was also driven by its efforts to improve operating efficiency. Standard Chartered Singapore has been implementing a number of initiatives aimed at reducing costs and improving productivity, including the use of digital technology to streamline processes and improve customer service. The bank’s cost-to-income ratio improved to 43.6% in the first half of 2025, down from 45.1% in the same period last year.

The bank’s CEO, Patrick Lee, commented that the bank’s strong performance in the first half of 2025 was a testament to the bank’s strategy and the hard work of its employees. He noted that the bank remains committed to delivering sustainable growth and improving its operating efficiency, and is well-positioned to capitalize on opportunities in the Singapore market.

Overall, Standard Chartered Singapore’s strong performance in the first half of 2025 is a positive sign for the bank and its stakeholders. The bank’s ability to deliver growth in its core business segments, combined with its efforts to improve operating efficiency, position it well for long-term success. As the Singapore economy continues to grow and evolve, Standard Chartered Singapore is likely to remain a major player in the market, with a strong brand and a commitment to delivering excellent customer service.

A Zambian court has ruled in favor of a group of investors who purchased bonds linked to a Chinese property development. The court ordered Standard Chartered Bank to pay costs, but not compensation, to the investors. The bonds in question were sold by the bank to investors in Zambia, with the promise of high returns linked to the performance of a property development project in China.

The investors claimed that the bank had misrepresented the risks associated with the bonds and had failed to properly disclose the terms and conditions of the investment. They argued that the bank had engaged in misleading and deceptive conduct, which had resulted in them suffering significant losses.

The court found that Standard Chartered Bank had indeed failed to properly disclose the risks associated with the bonds and had breached its contractual obligations to the investors. However, the court did not award compensation to the investors, instead ordering the bank to pay costs.

The ruling is a significant blow to Standard Chartered Bank, which had argued that it had done nothing wrong and that the investors had assumed the risks associated with the bonds. The bank had also argued that the investors had been properly informed about the terms and conditions of the investment and had made their own decisions to purchase the bonds.

The case highlights the risks associated with investing in complex financial products, particularly those linked to international investments. It also raises questions about the level of disclosure and transparency required by banks and financial institutions when selling such products to investors.

In recent years, there have been several cases of banks and financial institutions being sued by investors over the sale of complex financial products. These cases often involve allegations of misrepresentation, misleading conduct, and breach of contractual obligations.

The ruling in the Zambian court is likely to have implications for other cases involving similar allegations against banks and financial institutions. It highlights the importance of proper disclosure and transparency in the sale of financial products and the need for banks and financial institutions to ensure that investors are fully informed about the risks and terms associated with such products.

The case also raises questions about the regulation of financial markets and the protection of investors. It highlights the need for robust regulatory frameworks to ensure that banks and financial institutions are held accountable for their actions and that investors are protected from misleading and deceptive conduct.