Dec 16, 2024
Nippon Life to ink largest Japanese insurance takeover deal
Japanese insurance major Nippon Life has agreed to acquire all the shares it does not own in Resolution Life for about USD8.2bn, the...
Dec 12, 2024
South Korea’s Hanwha launches financial AI centre in US
Hanwha Group’s financial subsidiaries have opened the Hanwha AI Center in San Francisco, marking the first AI research hub in the city by...
Dec 10, 2024
South Korea, Indonesia deepen general insurance partnership
South Korea’s and Indonesia’s general insurance industries are strengthening ties following a new memorandum of understanding (MOU)...
Dec 2, 2024
HSBC to host global investment summit in Hong Kong in March 2025
HSBC Holdings announced plans to host its second Global Investment Summit in Hong Kong from March 25 to 27, 2025. The event is expected...
Nov 27, 2024
Global growth slows amid geopolitical tensions according to IFF report
The 2024 IFF Global Finance and Development Report forecasts global economic growth to remain sluggish at 3.2% in 2024, hindered by...
Nov 27, 2024
South Korean insurers' net profit rises 13% on higher sales
South Korean insurance companies’ combined net profit increased by 13.2% in the first nine months of the year, boosted by higher sales...
Nov 27, 2024
Singapore Gulf Bank seeks USD50m funding, plans stablecoin acquisition
Singapore Gulf Bank aims to raise at least USD50m in a funding round and plans to acquire a stablecoin payments company next year,...
Nov 26, 2024
Vietnam's banks face challenges meeting online lending targets
Vietnam's banking industry is struggling to meet its online consumer lending targets by 2025 due to the absence of an independent...
Nov 26, 2024
CapTech2024 summit kicks off in Sydney
The CapTech2024 main summit took place on November 26, 2024, at the International Convention Centre Sydney. The global event aimed to...
Nov 22, 2024
Morgan Stanley opens new SE Asia headquarters in Singapore
Morgan Stanley has officially opened its new Southeast Asia headquarters in Singapore, reinforcing its commitment to the region's growth...
Nov 21, 2024
Hanwha Life to acquire 75% stake in US securities firm Velocity Clearing
South Korea's Hanwha Life Insurance Co. said it has signed an agreement to acquire a 75% stake in US-based securities firm Velocity...
Nov 18, 2024
Singapore offers to host 2030 APEC summit
Singapore has offered to host the Asia-Pacific Economic Cooperation (APEC) summit in 2030, Prime Minister Lawrence Wong announced on...
Nov 15, 2024
Taiwan insurance sector set for growth
Taiwan’s insurance sector is expected to grow next year, supported by a stable domestic economy and easing monetary policies globally,...
Nov 15, 2024
Digital payments surge in the Philippines, exceeding central bank goals
Digital payment adoption in the Philippines is accelerating, with the Bangko Sentral ng Pilipinas (BSP) reporting that 56% of Filipino...
Nov 14, 2024
HK’s eMPF platform under fire for missing MPF contributions
Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA) faces criticism as some MPF accounts on its newly launched eMPF platform do...
Nov 13, 2024
Vietnam's life insurance premiums increase slightly in Q3
Vietnam's total life insurance premiums from new contracts rose slightly in Q3, marking the first increase despite ongoing global and...
Nov 12, 2024
HKMA, partners inject USD500m into Asia climate investment fund
The Hong Kong Monetary Authority (HKMA) and three multilateral organisations are investing at least USD500m into the Actis Asia Climate...
Nov 12, 2024
Taiwan's financial firms reduce US exposure in Q3
Taiwanese financial holding companies reduced their exposure to the US by over TWD165bn (USD5.14bn) in the third quarter, though the US...
Nov 7, 2024
Swiss advisory and fiduciary firm Kendris opens Singapore office
Kendris is expanding its global network to support its growing international client base by opening new offices in key regions. The...
Nov 6, 2024
Binance targets Thailand as key market in push for mainstream crypto adoption
Binance has identified Thailand as a key market in its goal to mainstream cryptocurrency, aiming to reach one billion users globally,...