Latest News for: Bank offshore


HSBC India executes first NDF transaction with Reliance Industries

Financial Express 08 Jun 2023
The RBI’s decision to allow banks to offer non-deliverable foreign exchange derivative contracts involving Indian rupee to resident entities is expected to align the rupee hedging curves in onshore and offshore markets, the bank said in a press release.

Comment: Mastering bigger offshore wind developments

The Engineer 08 Jun 2023
As the world seeks to meet ambitious targets for renewable energy generation, offshore wind turbines of increasing size are being installed in greater numbers. From Dogger Bank in the UK to Greater Changua in Taiwan and the emergence of floating wind, the scale of these developments is increasing at a rapid rate ... floating offshore wind.

Sebi wants to track money flowing into PE, VC funds

The Times of India 08 Jun 2023
With respect to offshore investors in an AIF, it's the authorised dealer banks who take the declarations of such investor's beneficiary (10% criteria usually followed) not being from a land border-sharing country and the investment manager does the same as part of onboarding ...

Indonesia's export earnings rules set to take effect July 1- minister

Reuters 08 Jun 2023
dollars after export earnings reached a record high last year ... Southeast Asia's largest economy has long been concerned about exporters' habit of parking earnings in offshore bank accounts, even after authorities required them to receive proceeds through the local banking industry more than a decade ago ... dollar supply ... Our Standards ... ....

when will it end and who will win

The Eastern Herald 08 Jun 2023
After the outbreak of the conflict in Ukraine, Russia the country record in terms of the number of sanctions imposed on him – the president, members of the government, the Central Bank, as well as public and private business structures fell under the restrictions.

Binance CEO's trading firm received $11 bln via client deposit company, SEC says

Reuters 07 Jun 2023
The SEC's filing also said between January and March this year, multiple Binance bank accounts then wired over $162 million offshore to a foreign account belonging to a Singapore company beneficially owned by Binance's back office manager, Guangying Chen, a close associate of Zhao.

BlueFloat targets over 7 GW of floating wind in the Philippines

Splash24/7 06 Jun 2023
The Philippine offshore wind roadmap released in April 2022 by the Department of Energy and the World Bank Group, estimated ... The country’s technical potential for offshore wind is estimated at 178 GW in the World Bank’s offshore wind roadmap for the Philippines.

Burt Marshall says he doesn’t know how much of $90 million debt he can repay

The Post-Standard 06 Jun 2023
Marshall said many of the people who loaned him money had heard through word of mouth that he was paying 8% and asked if they could lend him money at that interest rate, which was far more than banks were paying ... Several people asked Marshall if he had any foreign bank accounts or real estate holdings.

Philippines expects Chinese investments in renewable energy projects 05 Jun 2023
According to the World Bank Group, the Philippines has 178 gigawatts of technical offshore wind potential and can deploy 40 gigawatts of offshore wind electricity by 2050 ... The Philippines' Board of Investments has approved three offshore wind projects which worth 390 billion pesos (roughly 6.95 billion U.S.

India to contribute over 16% of global GDP growth in 2023

Khaleejtimes 05 Jun 2023
Reserve Bank of India Governor Shaktikanta Das has said it would not be surprising if India's growth surpasses 7 per cent this year ... "In recent months, a wide variety of indicators suggest that India's recovery is strong and broad-based, and is well-placed to sustain growth rates of above 6.0 per cent," the US bank said in a report.

In my view: Rupee needs to gain weight

Business Line 04 Jun 2023
The idea is to act as offshore rupee settlement conduits ... Increasing the issuance of offshore INR-denominated assets (masala bonds) will also help foreigners hedge their rupee risk efficiently ... These offshore INR holdings are then used by commercial banks in Malaysia to buy manufactured goods from Germany.

Differentiated pricing for OSW technologies proposed

Manila Bulletin 04 Jun 2023
Bluefloat is proposing up to 7,600 megawatts of offshore wind investments in the country to be implemented over several years ... In the case of the Philippines, a World Bank study exhibited that the country's vast OSW potential leans more on floating offshore installations.

BlueFloat acquires wind energy contracts in PH

Manila Standard 02 Jun 2023
Offshore wind has emerged as one of the ... The Philippine offshore wind roadmap released in April 2022 by the Department of Energy and the World Bank Group estimated that the Philippines has the potential to install 21 gigawatt-hours of offshore wind power by 2040.

Spanish firm plans gigantic 7.6GW offshore wind investments in PH

Manila Bulletin 02 Jun 2023
Madrid-headquartered Bluefloat Energy announced plans for gigantic 7.6-gigawatt (7,600 megawatts) offshore wind power projects in the Philippines, the biggest in its portfolio, with a target to bring the initial development onto commercial operation by the turn of the decade.

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This handout photo released by telegram channel of Belgorod region governor Vyacheslav Gladkov shows the side damaged apartments building near the crater after an explosion in Belgorod, Russia, Friday, April 21, 2023.
AP / Telegram Channel of Belgorod Region Governor Vyacheslav Gladkov