May 20, 2024
Maya Bank, WeFund to boost loans for underserved Filipinos
Philippine digital banking leader Maya Bank and Wefund Lending Corporation have established a PHP2.75bn (USD47.265m) loan channeling deal...
May 17, 2024
Singapore money laundering case: Su Jianfeng hit with six more charges
Su Jianfeng, embroiled in Singapore’s largest money laundering case, faces six new charges of forgery and fraud. He allegedly submitted...
May 17, 2024
Japan’s economy contracts in Q1, policy challenges ahead
Japan’s economy contracted in the first quarter, driven by weaker private consumption and external demand, challenging policymakers as...
May 17, 2024
Malaysia’s banks set for solid Q1, driven by loan expansion
Malaysia’s banking sector is expected to post strong earnings for the first quarter of 2024, supported by robust loan growth and a rise...
May 17, 2024
China Life launches USD1.4bn fund for silver economy
China Life Insurance has launched a RMB10bn (USD1.4bn) equity investment fund focused on China’s growing silver economy, projected to...
May 16, 2024
50% of Japanese firms invested in China downbeat on economy
Half of Japanese companies invested in China anticipate its economy will deteriorate this year, with no plans to boost investment,...
May 16, 2024
Chinese fintech giant Ant’s profit drop 19% on regulatory curbs
Ant Group Co.’s quarterly earnings fell 19% as the Chinese fintech pioneer, founded by Jack Ma, struggles to find new growth drivers...
May 16, 2024
Fitch predicts a robust 2024 for Taiwanese securities firms
Taiwanese securities companies are expected to maintain strong earnings momentum this year after a solid recovery last year, Fitch...
May 16, 2024
Woori Bank joins race for South Korea’s fourth internet-only bank licence
Woori Bank has entered the race to secure a licence for South Korea’s fourth internet-only bank by joining Korea Credit Data’s (KCD)...
May 15, 2024
Vietnam enhances digital tax compliance
The General Department of Taxation in Vietnam will enhance tax compliance risk management to prevent evasion in the digital economy,...
May 15, 2024
Philippine bank assets surpass USD432bn in Q1
Total assets of the Philippine banking system rose over 10%, exceeding PHP25tr (USD432bn) in the first quarter, according to the Bangko...
May 15, 2024
Deloitte, KPMG raise pay in Singapore to draw new accounting talent
Deloitte and KPMG are raising salaries in Singapore to attract talent to the accounting sector. Deloitte will increase starting pay by up...
May 15, 2024
Singaporean companies ramp up investments in Indonesia
The interest of Singaporean companies in entering and expanding in Indonesia is growing, driven by the large market size and emerging...
May 14, 2024
China probes hedge fund Ruifengda for illegal activities
China’s securities watchdog is investigating hedge fund Zhejiang Ruifengda Asset Management Co. for suspected illegal activities. The...
May 14, 2024
China enhances HK Swap Connect for market opening
China will enhance the Swap Connect between the Mainland and Hong Kong to further open its financial markets. Launched on May 15, 2023,...
May 14, 2024
Vietnamese fintech MFast launches in the Philippines
Vietnamese fintech firm MFast has launched in the Philippines to provide financial products. Led by Carolyn Rose G. Lao, an industry...
May 14, 2024
MAS names Gan Kim Yong chairman of the board
The Monetary Authority of Singapore (MAS) announced that Gan Kim Yong, Minister for Trade and Industry, will be appointed chairman of the...
May 13, 2024
Airwallex eyes Middle East expansion with sovereign wealth fund backing
Airwallex, a global fintech platform, is in talks with several Middle Eastern sovereign wealth funds to raise capital for regional...
May 13, 2024
South Korea’s FSS to finish short selling investigation by end of year
South Korea’s Financial Supervisory Service (FSS) aims to complete its probe into illegal short selling by year-end, announced Governor...
May 13, 2024
Malaysia’s Johor proposes special economic zone with Singapore
Malaysia’s Johor state is proposing to establish a special economic zone with neighbouring Singapore, aspiring to transform into the...