

HKMA plans Wealth Connect 3.0 expansion
The Hong Kong Monetary Authority (HKMA) is preparing to launch ‘Wealth Connect 3.0’, an upgraded version of its cross-border...
2 days ago

South Korea vows financial stability amid global risks
South Korea's top financial regulator pledged to take pre-emptive steps to safeguard financial stability as the country faces challenges...
2 days ago


Philippine banks see millions lost to cyberattacks in 2024
Financial institutions supervised by the Bangko Sentral ng Pilipinas (BSP) reported cyberattack-related losses amounting to PHP5.82bn...
4 days ago


Hong Kong's low tax regime, good education attract family offices
Hong Kong’s low-tax regime, capital market depth, and Greater Bay Area links give it an edge over rivals like Singapore and Tokyo,...
6 days ago


Indonesia's USD900bn fund unveils high-profile advisory team
Indonesia’s new sovereign fund Danantara unveiled a high-profile advisory team including Ray Dalio, Jeffrey Sachs, and former Thai...
6 days ago


Vietnam banks raise capital to meet Basel III
Vietnamese banks are accelerating stock dividend payouts to boost charter capital and meet Basel III capital adequacy standards, industry...
6 days ago


South Korea eyes tougher rules for financial firms
South Korea’s Financial Supervisory Service (FSS) said it will strengthen oversight of banks and financial firms following revelations of...
Mar 25


Malaysia's central bank to continue monitoring digital assets
Bank Negara Malaysia (BNM) will continue monitoring digital assets in 2025 but reiterated it has no plans to recognise cryptocurrencies...
Mar 25


Philippines is now VAT-free for tourists
Philippine officials signed the implementing rules and regulations (IRR) for Republic Act 12079, enabling value-added tax (VAT) refunds...
Mar 25


Vietnam raises foreign ownership cap to 49% for some banks
Vietnam has raised the foreign ownership cap to 49% from 30% for select banks that have absorbed struggling lenders, aiming to accelerate...
Mar 24


South Korea to ease M&A rules for savings bank
South Korea’s financial regulator announced measures to boost savings banks, including easing M&A rules and revising loan classification...
Mar 21


Former CIMB banker accused of defrauding investors in bond scam
Malaysia’s Securities Commission (SC) has charged Lau Min Thung, a former head of dealing at CIMB Investment Bank, with securities fraud...
Mar 21


Chinese tycoon’s family office sues over USD55m fraud
A Singapore court has ordered a global freeze on assets linked to four former employees accused of misappropriating SGD74m (USD55.5m)...
Mar 20


Thailand urged to give local firms same perks as foreign investors
The Thai Chamber of Commerce (TCC) has urged the government to grant local businesses the same tax incentives as foreign investors to...
Mar 20


Vietnam’s financial hub strategy should be adaptive, says UK expert
Vietnam does not need to choose between developing a specialised or comprehensive financial centre but can adopt a flexible approach,...
Mar 19


Hong Kong issues new guidance on IUL insurance
Hong Kong’s Insurance Authority (IA) and Monetary Authority (HKMA) have issued clarification regarding indexed universal life (IUL)...
Mar 18


China unveils policies to strengthen foreign investment, trade growth
China’s latest policies, including those outlined during the Two Sessions, mark a new phase of high-standard opening-up through “mutual...
Mar 17


Hong Kong launches GreenTech Hub to boost green finance
Hong Kong Science and Technology Parks Corporation (HKSTP) has launched the GreenTech Hub at InnoCentre, Kowloon Tong, to position Hong...
Mar 17


Hong Kong IPO market poised for 80% surge
Hong Kong’s stock market fundraising could rise by up to 80% this year, with IPO proceeds expected to reach between USD17bn and USD20bn,...
Mar 14


South Korea, Vietnam strengthen tax cooperation in bilateral meeting
The National Tax Service of Korea and Vietnam’s General Department of Taxation held the 24th Korea-Vietnam Bilateral Commissioners’...
Mar 14