May 6, 2024
JLL appoints Taeho Yi as new country manager for South Korea
Real estate company JLL has announced the appointment of Taeho Yi as the new country manager for South Korea, effective June 2024. Based...
May 3, 2024
Singapore’s MAS lifts operational pause on DBS Bank, monitors compliance
The Monetary Authority of Singapore (MAS) announced today that it will not extend the operational pause imposed on DBS Bank Ltd, which...
May 3, 2024
Philippines outperforms major Asian economies in growth, says IMF
The International Monetary Fund (IMF) highlighted the Philippines as one of the resilient economies in the region, driven largely by...
May 3, 2024
Vietnam, Korea strengthen ties over financial stability seminar
Vu Ne Tang, the acting chief of Vietnam's National Financial Supervisory Commission, expressed appreciation for Korea's guidance on...
May 3, 2024
Mixed financial trends in HK's March monetary report
The Hong Kong Monetary Authority disclosed a modest 0.2% increase in total deposits at authorised institutions for March, despite a...
May 2, 2024
IMF upgrades 2024 Asia's economic outlook
The IMF has raised its 2024 growth forecast for Asia to 4.5%, up from 4.2% in its October estimate, reflecting improved economic...
May 2, 2024
HSBC CEO Noel Quinn to retire after record profit streak
HSBC announced that CEO Noel Quinn will retire after nearly five years, during which he led the bank to record profits and its strongest...
May 2, 2024
Microsoft aims to skill 2.5m in AI across SE Asia by 2025
Microsoft has announced a plan to train 2.5 million people in Southeast Asia in AI skills by 2025, partnering with governments,...
May 2, 2024
AIA launches wealth centre in Singapore for affluent clients
Hong Kong-based AIA has opened a new Wealth Center in Singapore, targeting affluent and high-net-worth individuals and families. Located...
May 1, 2024
Global economic confidence among finance professionals hits new high
Finance professionals' economic confidence has reached its highest level since early 2023, according to a recent survey by the...
May 1, 2024
Barclays hires from Goldman, Citi to enhance Asia trading operations
Barclays Plc is expanding its presence in Asia, outpacing some U.S. competitors after hiring nearly a dozen top sales and trading staff...
May 1, 2024
Philippine fintech receives major funding to launch new credit products
The International Finance Corp. (IFC), a World Bank entity focused on the private sector, is investing USD7m in the Philippine fintech...
May 1, 2024
APAC investors bullish on private debt, real estate despite economic challenges
Despite high inflation and rising borrowing costs affecting leveraged private-market investments, institutional investors in Asia-Pacific...
Apr 30, 2024
SG’s Temasek Trust starts new philanthropic advisory firm
Temasek Trust, founded by Singapore’s state investment fund Temasek Holdings, has launched TT Foundation Advisors (TTFA), a new provider...
Apr 30, 2024
2,000 CICC bankers face pay cuts
China International Capital Corp. (CICC), a leading investment banking firm in China, is cutting the base salaries of its onshore...
Apr 30, 2024
HSBC closes independent asset management units in HK and Singapore
HSBC Holdings Plc has closed its independent asset management business in Hong Kong and Singapore, following a strategic review. This...
Apr 30, 2024
Singapore PM Lee says Indonesia to drive ASEAN’s green growth
Singapore's prime minister, Lee Hsien Loong, expressed anticipation for Indonesia to spearhead Southeast Asia's green economy growth...
Apr 29, 2024
Hong Kong's GDP set to grow 2.5-3.5% in Q1
Hong Kong's GDP is expected to continue its moderate growth trend, projecting a 2.5% to 3.5% increase for the first quarter, according to...
Apr 29, 2024
Woori Financial joins bid for Lotte Insurance
Woori Financial Group has joined the race to buy Lotte Insurance, South Korea's seventh-largest non-life insurer, aiming to boost its...
Apr 29, 2024
Thailand appoints new finance minister in cabinet reshuffle
Thai Prime Minister Srettha Thavisin has named Pichai Chunhavajira, a seasoned capital markets expert, as the country's new finance...