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KPMG slashes Hong Kong’s 2024 IPO estimate

KPMG cut its forecast for Hong Kong’s new listing fundraising by 40% to HKD60bn (USD7.7bn) for this year, despite improved market...

Singapore-Cambodia financial network launched

Jun 20

Singapore-Cambodia financial network launched

The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) announced the Financial Transparency Corridor (FTC)...

Jun 20

Malaysia announces intent to join BRICS

Malaysia is set to join the BRICS group of emerging economies, Prime Minister Anwar Ibrahim announced in an interview with Chinese media...

Hong Kong sees surge in Chinese investment

Jun 19

ASSET MANAGEMENT

Hong Kong sees surge in Chinese investment

Hong Kong investment products like insurance and high-yield time deposits are in high demand among wealthy Chinese seeking to protect...

Trafigura tops inaugural Southeast Asia Fortune 500 list

Jun 19

Trafigura tops inaugural Southeast Asia Fortune 500 list

Commodity trader Trafigura topped the inaugural Southeast Asian edition of the Fortune 500 list with USD244bn in sales, despite a recent...

Vietnam continues to be Southeast Asia’s bright star

Jun 19

Vietnam continues to be Southeast Asia’s bright star

Vietnam remains a “bright star” in Southeast Asia despite last year’s power shortages and a weakened real estate market, according to Kai...

Hong Kong aligns with global hubs on market weather rules

Jun 19

Hong Kong aligns with global hubs on market weather rules

Hong Kong will end its practice of closing markets during typhoons and major storms starting September 23. Chief Executive John Lee...

Korea eases REIT rules to boost real estate financing

Jun 18

Korea eases REIT rules to boost real estate financing

South Korea’s finance ministry announced Monday it will ease regulations on real estate investment trusts (REITs) to help normalise the...

Taiwan’s financial sector optimistic on revenue growth

Jun 18

Taiwan’s financial sector optimistic on revenue growth

Taiwan’s financial institutes are optimistic, with 50% expecting revenue growth compared to 33% in other sectors, according to...

Jun 18

Citi launches commercial bank in Japan

New York-based Citi has launched Citi Commercial Bank (CCB) in Japan to expand its commercial banking coverage. CCB will focus on...

Hong Kong, Singapore top most expensive cities list

Jun 18

Hong Kong, Singapore top most expensive cities list

Hong Kong and Singapore topped the list of the world’s most expensive cities for expatriates, surpassing Swiss cities for the second...

Jun 17

FAMILY OFFICES

Singapore tightens oversight on family offices, hedge funds

Singapore is tightening regulations on family offices and hedge funds following recent scandals. Authorities demand more information and...

Philippines and Malaysia boost economic ties

Jun 17

Philippines and Malaysia boost economic ties

Philippines Finance Secretary Ralph Recto and the Malaysian Ambassador to the Philippines, Dato’ Abdul Malik Melvin Castelino, recently...

Thailand eases rules to attract more investors

Jun 17

Thailand eases rules to attract more investors

Thailand will ease procedures and offer more incentives to attract foreign investors in the film, food, and pharmaceutical industries....

Taiwan life insurers raise USD2.4bn in risky bonds

Jun 17

ASSET MANAGEMENT

Taiwan life insurers raise USD2.4bn in risky bonds

Life insurers in Taiwan are issuing a record amount of subordinated bonds to improve their finances before a new 2026 accounting system...

HSBC becomes majority shareholder in China fund venture

Jun 14

HSBC becomes majority shareholder in China fund venture

HSBC has agreed to buy part of its partner’s stake in a China fund venture, becoming the majority shareholder and expanding in the...

Fitch upgrades Philippines banking sector outlook to ‘improving’

Jun 14

Fitch upgrades Philippines banking sector outlook to ‘improving’

Fitch Ratings has upgraded its outlook for the Philippine banking sector from ‘neutral’ to ‘improving,’ citing the potential for...

Sumitomo Mitsui Trust, Apollo launch private assets fund

Jun 14

ASSET MANAGEMENT

Sumitomo Mitsui Trust, Apollo launch private assets fund

Sumitomo Mitsui Trust Holdings has launched a private assets investment fund with US-based Apollo Global Management amid rising demand in...

Thai ministry revokes Zipmex’s licences amid financial turmoil

Jun 14