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Market turbulence leads Millennium to close Asia trading pods

Millennium Management has closed two index-rebalancing pods in Asia, according to a source familiar with the matter. The pods were led by...

Singapore’s SeaTown AM closes USD1.3bn Private Credit Credit Fund II

Aug 28

Singapore’s SeaTown AM closes USD1.3bn Private Credit Credit Fund II

SeaTown Holdings International, a subsidiary of Singapore’s Temasek’s asset management group Seviora Holdings, announced the final close...

New rule forces Indonesian banks to publish lending margins

Aug 28

New rule forces Indonesian banks to publish lending margins

Indonesia’s Financial Services Authority (OJK) will mandate banks to publish detailed breakdowns of their lending rates, including...

Liu Jin steps down as Bank of China president

Aug 27

PEOPLE MOVES

Liu Jin steps down as Bank of China president

Bank of China Ltd announced that President Liu Jin has resigned after just over three years in the role, effective August 25, citing...

eMPF lauded as global leader in pension platforms

Aug 27

eMPF lauded as global leader in pension platforms

Hong Kong Mandatory Provident Fund Schemes Authority’s chair, Ayesha Macpherson Lau, hailed the eMPF, a digital platform launched in...

Thai listed companies see 9.7% profit jump in H1

Aug 27

Thai listed companies see 9.7% profit jump in H1

Net profits of listed companies on the Stock Exchange of Thailand (SET) surged 9.7% year-on-year to THB519bn in the first half of 2024,...

Insurtech deals in SE Asia hit USD2.35bn in 2023

Aug 27

Insurtech deals in SE Asia hit USD2.35bn in 2023

Insurtech deals in Southeast Asia surged to USD2.35bn in 2023, up from USD538m in 2022, despite macroeconomic challenges, according to an...

Philippines’ embedded finance to grow 42% annually

Aug 26

Philippines’ embedded finance to grow 42% annually

The Philippines’ financial industry is poised to drive a 42% annual growth in the embedded finance sector, according to a recent Fintech...

SMBC Taps Atul Bhuchar to lead Asia transaction banking

Aug 26

PEOPLE MOVES

SMBC Taps Atul Bhuchar to lead Asia transaction banking

Sumitomo Mitsui Banking Corporation (SMBC) has appointed Atul Bhuchar as the new Head of Transaction Banking Product for its Asia Pacific...

Malaysia’s regulator fines Grant Thornton Malaysia for audit breach

Aug 26

Malaysia’s regulator fines Grant Thornton Malaysia for audit breach

The Securities Commission’s (SC) Audit Oversight Board (AOB) has fined Grant Thornton Malaysia PLT (GTM) MYR150,000 (USD34,400) and its...

CTBC USD4.11bn bid to form Taiwan’s largest financial firm

Aug 26

OTHER NEWS

CTBC USD4.11bn bid to form Taiwan’s largest financial firm

CTBC Financial Holding Co. has offered NTD14.55 (USD0.46) per share in cash and stock for a 51% stake in Shin Kong Financial Holding Co.,...

South Korea’s institutional investors avoid direct bitcoin plays

Aug 23

South Korea’s institutional investors avoid direct bitcoin plays

Despite the global rise in institutional investment in cryptocurrency, driven by the approval of bitcoin spot exchange-traded funds...

Crypto exchanges in Hong Kong hit licensing roadblocks

Aug 23

Crypto exchanges in Hong Kong hit licensing roadblocks

Hong Kong’s ambitions to become a digital-asset hub are encountering challenges, as uncertainty looms over whether 11 crypto exchanges...

Aug 23

Thai economy nears crisis amid export decline says finance minister

Thailand’s economy is nearing crisis due to declining exports and uncompetitive manufacturing, said caretaker Finance Minister Pichai...

Vietnam investment funds shift focus amid ongoing ETF outflows

Aug 23

Vietnam investment funds shift focus amid ongoing ETF outflows

Investment funds are increasingly targeting sectors with resilience or counter-cyclical potential, as capital outflows from Southeast...

Aug 22

FAMILY OFFICES

Family offices drive private asset surge in SE Asia: Preqin

Southeast Asia-based limited partners (LPs), led by family offices, are increasingly allocating funds to private assets, according to a...

KKR-led consortium eyes USD2bn Tokyo office tower

Aug 22

PRIVATE EQUITY

KKR-led consortium eyes USD2bn Tokyo office tower

A consortium led by KKR and Japan’s Hulic has submitted a bid to acquire the Shiodome City Center, a 43-story Tokyo skyscraper owned by...

China, Hong Kong expand Wealth Connect with 10 brokerages

Aug 22