Sep 6, 2024
Taiwan FTC reviews Taishin, CTBC bids for Shin Kong Financial
Taiwan’s Fair Trade Commission (FTC) is reviewing competing bids by Taishin Financial Holding Co and CTBC Financial Holding Co for Shin...
Sep 5, 2024
Macquarie Asset Management, PSP Investments sell majority stake in AirTrunk
Macquarie Asset Management (MAM) and The Public Sector Pension Investment Board (PSP Investments) have sold their combined 88% interest...
Sep 5, 2024
Philippines expands financial inclusion with new Islamic banking unit
The Philippines has enhanced its financial inclusion landscape with the addition of a second Islamic banking unit (IBU), operated by...
Sep 5, 2024
Vietnam proposes major cuts in business regulations for 2025
The Ministry of Industry and Trade in Vietnam has proposed to cut or simplify 69 business conditions and administrative procedures for...
Sep 5, 2024
DBS to triple assets under management in Thailand in two years
DBS Singapore is set to expand its wealth management division in Thailand, aiming to triple its assets under management (AUM) to THB300bn...
Sep 4, 2024
Singapore sees 25% rise in bankruptcy filings in H1 2024
Bankruptcy filings in Singapore surged by 25% in the first half of 2024, according to the Ministry of Law, with 2,334 people applying and...
Sep 4, 2024
Wealthy in China turn to stocks as collateral amid liquidity crunch
Amid liquidity challenges, affluent individuals in Hong Kong and mainland China are increasingly utilising private lending services,...
Sep 4, 2024
Hong Kong SFC bars ex-UBS associate director for life
The Securities and Futures Commission (SFC) of Hong Kong has issued a lifetime ban to Charles Lam Chung-yiu, a former associate director...
Sep 4, 2024
Indonesia and South Korea launch currency cooperation for trade
Bank Indonesia (BI) and the Bank of Korea, along with South Korea’s Ministry of Economy and Finance, have finalised a Local Currency...
Sep 3, 2024
Christopher Cheng named co-CEO in HK family office shake-up
Hong Kong billionaire Henry Cheng’s family office has appointed his son, Christopher Cheng, as co-chief executive, overseeing North Asia...
Sep 3, 2024
Eastbound Equity expands to Singapore, plans USD50m investment
Eastbound Equity, a fund placement agency specialising in bridging Western and Eastern capital markets, has expanded its operations to...
Sep 3, 2024
Kasikon Asset Management names new executive chair
Kasikon Asset Management (KAsset), Thailand’s top mutual fund company, has appointed Win Phromphaet as its executive chairman. Bringing...
Sep 3, 2024
Hong Kong’s CSC Holdings buys stake in Philippine’s CS Bank for USD13m
Hong Kong-listed CSC Holdings, chaired by former Hang Seng Bank CEO Raymond Or Ching-fai, has announced its acquisition of a 26.8% stake...
Sep 2, 2024
Nomura targets USD35bn in global wealth assets, expands team
Nomura Holdings Inc. is ramping up its global wealth management operations, targeting an expansion of its wealth assets outside Japan to...
Sep 2, 2024
OPIM partners with LIFE Asset Management to launch Korea-focused fund
OP Investment Management (OPIM), a premier fund platform in Asia, is collaborating with LIFE Asset Management to introduce the LIFE Korea...
Sep 2, 2024
SFC releases new licensing guides for financial professionals
The Securities and Futures Commission (SFC) has released two new guides aimed at easing the licensing process for visiting and returning...
Sep 2, 2024
Hong Kong MPFA urges pension funds to cut fees
The Mandatory Provident Fund Schemes Authority (MPFA) in Hong Kong has urged trustees to consider lowering fees across their pension fund...
Aug 30, 2024
HKEX hires Nomura veteran to boost global listings
Hong Kong Exchanges and Clearing (HKEX) has appointed veteran banker Johnson Chui as managing director, head of global issuer services,...
Aug 30, 2024
Australian investment funds to explore opportunities in the Philippines
Fourteen Australian investment funds and corporations will visit the Philippines next month for a business mission, the Australian...
Aug 30, 2024
Woori Financial acquires two insurers in USD1.55bn deal
Woori Financial Group has sealed its re-entry into the insurance sector after 11 years by acquiring Tongyang Life Insurance and ABL Life...