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Hong Kong small businesses optimistic for 2024 growth

Approximately 70% of small businesses in Hong Kong anticipate growth in 2024, the highest optimism in five years, as per a CPA Australia...

Thailand’s finance ministry defends digital wallet scheme

Apr 25

Thailand’s finance ministry defends digital wallet scheme

The Ministry of Finance in Thailand has defended its digital wallet initiative, intended to not only provide relief to vulnerable groups...

Apr 25

Vietnam’s economy set to grow 5.5% in 2024

Vietnam’s economy is poised to grow by 5.5% in 2024 and 6% in 2025, driven by recovery signs and stronger exports, according to a World...

Wellington partners with StanChart to offer credit strategy in Asia

Apr 24

OTHER NEWS

Wellington partners with StanChart to offer credit strategy in Asia

Wellington Management, a top independent asset manager, today announced an exclusive partnership with Standard Chartered Private Bank to...

Indonesia seeks stronger position in AIIB

Apr 24

OTHER NEWS

Indonesia seeks stronger position in AIIB

Indonesia’s Finance Minister Sri Mulyani Indrawati discussed strengthening Indonesia’s role within the Asian Infrastructure Investment...

Bank of Singapore names new Hong Kong CEO

Apr 24

Bank of Singapore names new Hong Kong CEO

OCBC’s Bank of Singapore has appointed Rickie Chan as the new CEO of its Hong Kong branch, effective immediately. Chan, who also serves...

World Bank, Philippines plan major tax system digital upgrade

Apr 24

World Bank, Philippines plan major tax system digital upgrade

The World Bank is committed to assisting the Philippines in enhancing tax collection through comprehensive digitisation initiatives....

Global hedge fund assets hit record USD4.3tr in Q1

Apr 23

Global hedge fund assets hit record USD4.3tr in Q1

The global hedge fund industry ended the first quarter with a record USD4.3tr in assets, data provider HFR said on Monday. The industry...

BNP Paribas hires 30 for new China securities operation

Apr 23

BNP Paribas hires 30 for new China securities operation

BNP Paribas SA has hired around 30 staff to start its securities operation in China, re-entering the market 17 years after leaving a...

China’s deals slowdown hits HK’s investment banking sector

Apr 23

China’s deals slowdown hits HK’s investment banking sector

Hong Kong investment bankers face potential job cuts amid a deal slowdown in China, according to Bloomberg Intelligence. About 200...

Singapore regulator bans convicted Manulife rep for 12 years

Apr 23

Singapore regulator bans convicted Manulife rep for 12 years

The Monetary Authority of Singapore (MAS) issued a 12-year prohibition order against former Manulife representative Ong Ka Yong for...

South Korea launches USD16.6bn green venture capital fund

Apr 22

ASSET MANAGEMENT

South Korea launches USD16.6bn green venture capital fund

South Korea’s Finance Minister Choi Sang-mok announced at the G20 finance leaders’ meeting in Washington a venture capital fund of...

Hong Kong unemployment edges up to 3% in March quarter

Apr 22

Hong Kong unemployment edges up to 3% in March quarter

Hong Kong’s unemployment rate rose slightly to 3% in the March quarter, with an increase of 9,400 unemployed persons. Unemployment rates...

SCB Julius Baer appoints new CEO in Thailand

Apr 22

FAMILY OFFICES

SCB Julius Baer appoints new CEO in Thailand

Peerapong Jirasevijinda has been appointed as the new CEO of SCB Julius Baer, the joint venture between Julius Baer and Siam Commercial...

Two firms eye Islamic banking operations in the Philippines

Apr 22

OTHER NEWS

Two firms eye Islamic banking operations in the Philippines

Maybank Philippines, along with another foreign entity, plans to introduce Islamic banking operations in the country, according to the...

Banking sector faces AI, ML Risks, Basel committee chair warns

Apr 19

Banking sector faces AI, ML Risks, Basel committee chair warns

Banks must manage risks associated with using artificial intelligence (AI) and machine learning (ML) in their operations, stated Bank of...

Toshiba to cut thousands of jobs in major restructuring move

Apr 19

Toshiba to cut thousands of jobs in major restructuring move

Toshiba Corp is set to cut thousands of jobs in Japan, primarily in back-office departments, as part of a new business strategy to be...

Philippine SEC reforms broker fees to attract more retail investors

Apr 19

Philippine SEC reforms broker fees to attract more retail investors

The Philippines Securities and Exchange Commission (SEC) has abolished the minimum commission rate that stockbrokers can charge,...

ING enhances APAC team with new corporate finance head

Apr 19