Ant Group Invests 200M in ANEXT Bank to Expand in Southeast Asia

Ant Group Invests 200M in ANEXT Bank to Expand in Southeast Asia

Ant Group has injected another SGD 200 million into its wholly-owned subsidiary, ANEXT Bank, bringing the total investment to USD 502.61 million. This reflects Ant Group's commitment to deepening its presence in the Southeast Asian digital finance market. Despite facing losses, ANEXT Bank, a key strategic foothold for Ant Group in Southeast Asia, will benefit from this capital injection. This will enhance its market competitiveness and help it achieve greater breakthroughs in the Southeast Asian digital finance sector.

02/12/2026 International Settlement
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Chittagong Port Strike Disrupts Logistics and Economy

Chittagong Port Strike Disrupts Logistics and Economy

A strike at the Port of Chittagong, triggered by a traffic accident, has paralyzed port operations, significantly impacting the economy of Bangladesh and international logistics. The conflict between workers and the government reflects a crisis in labor relations and challenges to the resilience of the national economy.

08/04/2025 Logistics
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Standard Chartered Nigeria Explains SWIFTBIC Codes for Transfers

Standard Chartered Nigeria Explains SWIFTBIC Codes for Transfers

This article provides an in-depth analysis of STANDARD CHARTERED BANK NIGERIA LIMITED's SWIFT/BIC code, SCBLNGLAXXX, and offers a detailed guide to cross-border transfers. It covers code structure, practical steps, risk avoidance, branch code lookup, and alternative options. The aim is to assist readers in completing cross-border remittances safely and efficiently. It explains the components of the SWIFT code and how to use it for international money transfers involving this Nigerian bank, focusing on ensuring secure and cost-effective transactions.

09/03/2025 International Settlement
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