Jun 10, 2024
Vietnam sees surge in securities accounts opening in May
In Vietnam, May saw a resurgence in the number of new securities accounts, with 132,010 opened, predominantly by domestic investors,...
Jun 7, 2024
HSBC to open three wealth centres in Singapore by 2025
London-based HSBC is expanding its presence in Singapore with plans to open three wealth centres by early 2025, aimed at enhancing client...
Jun 7, 2024
Hong Kong’s wealthy to invest over half their cash holdings
A report by The Hongkong and Shanghai Banking Corporation reveals that Hong Kong’s affluent investors plan to allocate over half of their...
Jun 7, 2024
Malaysia’s EPF to enhance retirement security amid ageing challenge
At the International Social Wellbeing Conference 2024, EPF CEO Ahmad Zulqarnain Onn emphasised the need for reforms in Malaysia’s...
Jun 7, 2024
Hong Kong seeks to expand wealth links with mainland China
Hong Kong’s central bank chief and top executives from UBS Group AG and HSBC Holdings Plc have advocated for expanding the Wealth...
Jun 6, 2024
Hong Kong banks see surge in mainland Chinese clients
HSBC Holdings Plc and other Hong Kong banks reported a surge in new accounts from mainland Chinese in the first quarter, with over...
Jun 6, 2024
South Korea surges 1.3% in Q1, fastest in two years
South Korea’s economy grew 1.3% in the first quarter of 2024, the fastest pace in over two years, driven by a robust recovery in exports...
Jun 6, 2024
Indonesia seeks USD100-200m investment from family offices
Indonesia is targeting an investment influx of USD100m-200m from family offices, as announced by Luhut Binsar Pandjaitan, the...
Jun 6, 2024
Nium secures USD50m for cross-border payment expansion
Nium, a Singapore-based real-time cross-border payments company, announced that it raised USD50m in a Series E funding round, valuing the...
Jun 5, 2024
Bank of Singapore expands investment team, adding GIC veteran Ruivivar
OCBC’s Bank of Singapore has recruited Dr. Owi S. Ruivivar, formerly of the Singaporean sovereign wealth fund GIC, as chief portfolio...
Jun 5, 2024
Thailand’s central bank prioritises credit access for SMEs
Thailand’s deputy central bank governor highlighted the urgent need to address credit access issues for small and medium-sized...
Jun 5, 2024
Malaysia’s retirement system needs urgent reform, says PM
Prime Minister Datuk Seri Anwar Ibrahim emphasised the need for comprehensive reforms in Malaysia’s pension system to ensure equitable...
Jun 5, 2024
BlackRock boosts private credit team in Singapore with new hire
Private credit is increasingly popular, prompting BlackRock to expand its non-bank lending by hiring Yik Ley Chan as the head of private...
Jun 4, 2024
Taiwan billionaires’ wealth jumps 12.23% led by AI industry
In Taiwan, the top 50 billionaires saw their combined wealth increase by 12.23% to USD174bn, fueled by a surge in AI applications. Barry...
Jun 4, 2024
Hong Kong nears licensing 11 crypto exchanges
Hong Kong’s securities regulator announced that 11 cryptocurrency exchanges, including Crypto.com and Bullish, are nearing licence...
Jun 4, 2024
KKR eyes entry into Japan’s private credit market
KKR & Co. is exploring the possibility of entering Japan’s private credit market, aiming to offer an alternative to traditional bank...
Jun 4, 2024
HK’s MPFA chair urges adoption of online platform for efficient contributions
The Mandatory Provident Fund Schemes Authority (MPFA) Chair, Ayesha Macpherson Lau, has urged employers to adopt the new eMPF platform...
Jun 3, 2024
Thai authorities target over USD37m in cybercrime-linked assets
Thai police are investigating over one billion baht (USD27m) in assets tied to alleged superhacker Wang Yunhe and his associates,...
Jun 3, 2024
HK digital insurer plans premium increase
Virtual insurer Bowtie announced an increase in premiums this year due to Hong Kong’s medical inflation, which typically ranges from 8 to...
Jun 3, 2024
Shanghai debuts tourist-friendly payment solutions with major card firms
Ant Group and Mastercard, alongside 12 overseas payment partners of Alipay+ and other major card organisations, announced the launch of...