Sep 27, 2024
OECD forecasts global GDP growth stabilising at 3.2% in 2024-2025
Global GDP growth is expected to stabilise at 3.2% in both 2024 and 2025, with inflation continuing to ease, the Organisation for...
Sep 27, 2024
Philippines nears FATF gray list removal after reforms
The Philippines may exit the Financial Action Task Force (FATF) gray list by 2025, according to the Department of Justice (DOJ). DOJ...
Sep 27, 2024
Samsung, banks launch USD1.5bn ESG fund for SMEs
Samsung Electronics and the nation’s top five banks have created a KRW2tr (USD1.5bn) fund to support small and medium-sized businesses...
Sep 26, 2024
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,...
Sep 26, 2024
Hong Kong’s elite shift to private credit for high yields
Wealthy investors from Hong Kong and mainland China are increasingly turning to private credit markets to chase high yields amid sliding...
Sep 26, 2024
Financial leaders join MAS’s new cyber and tech resilience panel
The Monetary Authority of Singapore (MAS) has established a Cyber and Technology Resilience Experts (CTREX) Panel to replace its Cyber...
Sep 26, 2024
Hong Kong now top financial hub in Asia-Pacific
Hong Kong has risen to third globally and first in the Asia-Pacific region in the Global Financial Centers Index (GFCI) 36 Report,...
Sep 25, 2024
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,...
Sep 25, 2024
Shanghai aims to attract more offshore PE funds
Shanghai has pledged to continue supporting investment by offshore private equity funds in local technology firms and may increase quotas...
Sep 25, 2024
Morgan Stanley faces probe over SK hynix share trades
Morgan Stanley is under investigation by South Korean authorities over alleged suspicious trading of SK hynix shares before releasing a...
Sep 25, 2024
Philippines explores partnerships with Macquarie Group
The Philippine Department of Finance is exploring investment opportunities with global financial services firm Macquarie Group, focusing...
Sep 24, 2024
Singapore Exchange names Daniel Koh as chief financial officer
Singapore Exchange (SGX) has appointed Daniel Koh as its new chief financial officer (CFO), the bourse announced on Monday. Koh will...
Sep 24, 2024
Wrise expands Hong Kong presence amid family office boom
Wrise, a wealth management platform targeting clients from Asia and the Middle East, has expanded its Hong Kong presence amid a rise in...
Sep 24, 2024
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...
Sep 24, 2024
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...
Sep 23, 2024
Thailand invites UK investment, eyes future free trade agreement
Thailand’s Commerce Minister Pichai Naripthaphan has invited British businesses to invest in Thailand, highlighting opportunities for a...
Sep 23, 2024
CPA Australia urges Hong Kong for reforms to boost financial hub status
CPA Australia has urged the Hong Kong government to enact further reforms in the upcoming Policy Address to strengthen the city’s...
Sep 23, 2024
Malaysia offers 0% tax to attract family offices to Forest City
Malaysia is offering tax incentives to attract family offices and revive interest in Forest City, a USD100bn development near Singapore....
Sep 23, 2024
Qatar’s QIA expanding into SE Asia, Australia, Korea
Qatar Investment Authority (QIA), the country’s sovereign wealth fund managing USD526bn in assets, is expanding into Australia, Korea,...
Sep 20, 2024
Hong Kong ranks eighth globally with 320 centi-millionaires
Hong Kong ranks eighth globally with 320 centi-millionaires (individuals holding more than USD100m in assets), following Beijing,...