Aug 30, 2024
Thailand to slash taxes for financial hub initiative
Thailand’s Ministry of Finance is poised to reduce personal and corporate income tax rates for approved individuals and businesses as...
Aug 29, 2024
Citi expects strong dealmaking in Asia Pacific
Citigroup Inc. expects a surge in Asia Pacific dealmaking, driven by booming markets in India, Taiwan, and Japan, alongside a strong...
Aug 29, 2024
China’s top billionaires lose USD16bn in stock rout
Record stock selloffs in China’s leading consumer companies wiped over USD16bn from the fortunes of the nation’s richest individuals,...
Aug 29, 2024
Nomura recruits talent in wealth management expansion
Nomura Holdings Inc.’s wealth management unit is expanding after a major overhaul that shifted focus from mass retail to wealthy clients....
Aug 29, 2024
HKMA launches tokenisation sandbox for financial sector
The Hong Kong Monetary Authority (HKMA) has launched Project Ensemble Sandbox to accelerate the adoption of tokenisation in the financial...
Aug 28, 2024
Philippine central bank chief named one of world’s top performers
Global Finance magazine has named Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. as one of the world’s top-performing...
Aug 28, 2024
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...
Aug 28, 2024
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...
Aug 28, 2024
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...
Aug 27, 2024
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...
Aug 27, 2024
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...
Aug 27, 2024
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,...
Aug 27, 2024
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...
Aug 26, 2024
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...
Aug 26, 2024
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...
Aug 26, 2024
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...
Aug 26, 2024
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.,...
Aug 23, 2024
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...
Aug 23, 2024
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, 2024
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...