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Cybersecurity failures leave Hong Kong's financial system vulnerable

Hong Kong’s financial institutions are facing mounting challenges as investigations expose significant gaps in Anti-Money Laundering...

South Korea to maintain investor ties ahead of WGBI debut

Oct 24

OTHER NEWS

South Korea to maintain investor ties ahead of WGBI debut

South Korea will maintain close communication with global investors to ensure a smooth inclusion in the World Government Bond Index...

Malaysia joins BRICS as alliance grows to 13 new partners

Oct 24

OTHER NEWS

Malaysia joins BRICS as alliance grows to 13 new partners

Malaysia has been recognized as one of 13 nations added as partner countries to the BRICS bloc, which now accounts for one-fifth of...

Iran's Bank Mellat considers exiting South Korea amid US pressure

Oct 22

OTHER NEWS

Iran's Bank Mellat considers exiting South Korea amid US pressure

Iranian lender Bank Mellat is contemplating withdrawing from South Korea due to mounting fears of U.S. secondary sanctions, an official...

Ping An Insurance posts 36.1% rise in nine-month net profit

Oct 21

OTHER NEWS

Ping An Insurance posts 36.1% rise in nine-month net profit

Ping An Insurance Group Co of China Ltd reported a 36.1% increase in net profit for the first nine months of the year, driven by higher...

Virtual bank consortiums set for major investment in Thailand

Oct 18

OTHER NEWS

Virtual bank consortiums set for major investment in Thailand

The three consortiums awarded virtual bank licenses in Thailand are expected to invest between BHT3bn and BHT5.7bn from mid-2025 to...

Several ASEAN nations consider BRICS membership after Malaysia's interest

Oct 16

OTHER NEWS

Several ASEAN nations consider BRICS membership after Malaysia's interest

Multiple ASEAN countries have shown interest in joining the BRICS economic bloc following Malaysia's announcement of its intention to...

Advisory Board Centre targets Asian businesses with Singapore summit

Oct 16

OTHER NEWS

Advisory Board Centre targets Asian businesses with Singapore summit

The Advisory Board Centre (ABC) is intensifying its efforts across Asia, particularly Southeast Asia, by hosting the 2024 Megatrends...

Vietnam's insurance premiums rebound in Q3

Oct 14

OTHER NEWS

Vietnam's insurance premiums rebound in Q3

Vietnam's insurance premium revenues rose 6.9% year-on-year to VND56.4tr (USD2.2bn) in Q3 2024, marking the first growth since the second...

China sets terms for merger to create USD226bn brokerage

Oct 11

OTHER NEWS

China sets terms for merger to create USD226bn brokerage

Guotai Junan Securities and Haitong Securities have outlined their proposed merger to form a state-backed brokerage with USD226bn assets....

Thailand's finance ministry to sell stakes in over 100 firms

Oct 9

OTHER NEWS

Thailand's finance ministry to sell stakes in over 100 firms

Thailand’s Finance Ministry plans to propose to the cabinet in December the sale of both listed and unlisted shares it holds in over 100...

Hong Kong banks offer incentives to attract mainland clients during golden week

Oct 4

OTHER NEWS

Hong Kong banks offer incentives to attract mainland clients during golden week

Major Hong Kong banks including HSBC, Citibank, DBS, and Bank of East Asia offered special incentives such as horse racing, golf events,...

Chinese firms discuss international expansion at Shanghai forum

Oct 1

OTHER NEWS

Chinese firms discuss international expansion at Shanghai forum

Over 80 business and academic leaders convened in Shanghai to explore the opportunities and challenges for Chinese companies aiming to go...

HeiTech Padu acquires 30% stake in Islamic payment firm Souqa Fintech

Sep 30

OTHER NEWS

HeiTech Padu acquires 30% stake in Islamic payment firm Souqa Fintech

Malaysia-based technology firm HeiTech Padu has announced plans to acquire a 30% stake in Islamic payment provider Souqa Fintech for...

Sep 26

OTHER NEWS

Hong Kong hosts 30th EAIC conference

The 30th East Asian Insurance Congress (EAIC) took place in Hong Kong from September 24 to 27, 2024, under the theme ‘Back to the Future,...

HK middle class needs HKD20m for retirement: HSBC survey

Sep 25

OTHER NEWS

HK middle class needs HKD20m for retirement: HSBC survey

Hong Kong’s middle class needs an asset portfolio exceeding HKD20m (USD2.56m) to maintain a monthly retirement income of HKD27,000,...

40% of Vietnam’s insurance premiums reinsured overseas

Sep 24

OTHER NEWS

40% of Vietnam’s insurance premiums reinsured overseas

Vietnam’s non-life insurance and reinsurance companies are transferring a significant portion of their premiums to foreign reinsurers to...

Competition heats up for Thailand’s virtual bank licences

Sep 24

REGULATION

Competition heats up for Thailand’s virtual bank licences

Thailand’s competition for virtual banking licences is intensifying as applications have exceeded the number of licences the central bank...

Five groups compete for virtual bank licences in Thailand

Sep 20

OTHER NEWS

Five groups compete for virtual bank licences in Thailand

Five business groups are competing for new virtual bank licences in Thailand. The Gulf consortium, consisting of Krungthai Bank, Gulf...

dtcpay partners with Visa to launch digital payments card in Singapore

Sep 20

OTHER NEWS

dtcpay partners with Visa to launch digital payments card in Singapore

dtcpay, a digital payments provider, has partnered with Visa to drive digital payments transformation in Singapore, according to a media...

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