Nov 1, 2024
Manulife trims 2.5% of wealth staff to focus on growth
Manulife Financial Corp has cut hundreds of jobs in its global wealth and asset management division, amounting to about 2.5% of the...
Oct 31, 2024
Asia-Pacific tax officials meet in Seoul to boost cooperation
Top tax officials from 18 countries began a four-day meeting in Seoul for the 53rd annual gathering of the Study Group on Asia-Pacific...
Oct 31, 2024
MAS launches global finance, technology network to boost Singapore fintech
The Monetary Authority of Singapore (MAS) announced the creation of the Global Finance & Technology Network (GFTN) to enhance Singapore’s...
Oct 31, 2024
Money managers reduce exposure to Japan, Hong Kong pre US election
Investors in Asia are selling yen and seeking refuge in cash, Indian and select Chinese markets, and Singapore dollars ahead of the U.S....
Oct 31, 2024
UBS’s Asia wealth unit rebounds with strong asset growth
UBS’s Asia wealth unit has bounced back after two consecutive quarters of declines, reporting significant growth in assets under...
Oct 30, 2024
Philippines eyes top 20% in World Bank business ready rankings by 2026
The Philippines aims to join the top 20% of countries in the World Bank’s Business Ready (B-READY) rankings by 2026, according to the...
Oct 30, 2024
AS fines SG firm over suspicious transactions
The Monetary Authority of Singapore (MAS) fined Atrium Asia Investment Management (AAIM) SGD1.9m for violating anti-money laundering and...
Oct 30, 2024
New AI policy to attract family offices to Hong Kong
Hong Kong is introducing a policy framework to promote responsible AI adoption in financial services, a move expected to attract family...
Oct 30, 2024
Bangkok Bank eyes virtual licence with key partners
Bangkok Bank (BBL) is optimistic about securing a virtual bank licence, leveraging the capabilities of its consortium partners. The...
Oct 29, 2024
Singapore’s digital economy grows 6.6% in 2023
Singapore’s digital economy expanded 6.6% in 2023, contributing SGD113bn, or 17.7% of GDP, according to the Infocomm Media Development...
Oct 29, 2024
Hong Kong eyes AI in finance, extends crypto tax breaks
Hong Kong introduced its first policy guidelines on AI in finance and floated a tax break for virtual assets, aiming to bolster its...
Oct 29, 2024
Global ETF market sets new record with 1,426 launches
The global ETFs industry saw a record 1,426 new product listings in the first nine months of 2024, according to ETFGI. After accounting...
Oct 29, 2024
Citi’s family office head joins Goldman Sachs in Singapore
Goldman Sachs has appointed Jonathan Gan as an executive director in its alternatives capital markets group in Singapore, according to...
Oct 28, 2024
AIA prepares to open branch in China’s Anhui province
AIA Group has secured approval from China’s National Financial Regulatory Administration Anhui Bureau to prepare for the launch of a new...
Oct 28, 2024
Hong Kong, Thailand collaborate on tokenisation projects
The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) have announced a collaboration to explore cross-border...
Oct 28, 2024
OCBC Malaysia pushes ‘double green’ investment banking strategy
OCBC Malaysia, encompassing OCBC Bank (Malaysia) Bhd and OCBC Al-Amin Bank Bhd, is embracing “double green” as its investment banking...
Oct 28, 2024
SK chief Chey Tae-won to lead 2025 APEC CEO summit
SK Group Chairman Chey Tae-won will preside over the 2025 APEC CEO Summit, held alongside the APEC leaders’ summit in South Korea, the...
Oct 25, 2024
Hong Kong hosts three major regional finance events in last week of October
The final week of October sees Hong Kong attract regional and international asset managers and private wealth executives with three...
Oct 25, 2024
Global risks prompt calls for portfolio diversification
Global economic risks are mounting due to the US election, China’s uncertain economic recovery, and broad geopolitical tensions,...
Oct 25, 2024
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...