Dec 23, 2024
Losses widen at Singapore’s digital startup banks
Singapore’s digital banks remain loss-making despite increased revenues since their launch about two years ago. GXS Bank, backed by Grab...
Dec 20, 2024
Fidelity’s group of 2,000 family offices names new chief
A family office group owned by the parent of Fidelity Investments appointed Kimberly Sheehy to oversee its Communities Center of...
Dec 20, 2024
South Korean economy grows 6.9% per year since 1954
South Korea’s economy grew at an annualised average of nearly 7% after a revision in the base year for economic growth data, central bank...
Dec 20, 2024
Nuveen secures USD100m investment mandate from Korea’s GEPS
Nuveen secured a USD100m commitment from South Korea’s Government Employees Pension Service (GEPS) for a US-focused private capital...
Dec 20, 2024
Hong Kong securities regulator targets Nasdaq-listed firms
Hong Kong’s securities regulator searched offices of about a dozen local finance firms and individuals last month in a probe involving...
Dec 19, 2024
China-US economic group meets in South Africa
The China-US economic working group held its seventh meeting in Johannesburg, South Africa, China’s Ministry of Finance said. The...
Dec 19, 2024
World Bank identifies excessive tax evasion and too few audits in Indonesia
At least one in four Indonesian firms evaded tax last year, a World Bank survey found, citing perceptions of widespread tax avoidance and...
Dec 19, 2024
Vietnam set to beat 7% GDP growth target for 2024
Vietnam's GDP growth is on track to surpass its 7% target for 2024, aided by supportive policies and stronger export performance, Deputy...
Dec 19, 2024
Top global leaders to convene at Hong Kong’s AFF 2025
The 18th Asian Financial Forum (AFF), set for January 13-14, 2025, will convene more than 100 global policymakers, investors, and...
Dec 18, 2024
Hong Kong’s wealth sector grows as Chinese funds flow in
Wealth managers are expanding in Hong Kong to accommodate a surge of mainland Chinese funds seeking offshore opportunities. UBS Group and...
Dec 18, 2024
New reforms set to streamline Vietnam’s IPO listings
Vietnam’s IPO market is poised for revival as private firms prepare to list, signalling renewed investor interest after a subdued period...
Dec 18, 2024
South Korean businesses push parliament for economic certainty
SK Group Chairman Chey Tae-won, who also leads the Korea Chamber of Commerce and Industry, called for stable economic policies amid...
Dec 18, 2024
Allianz withdraws USD1.6bn income insurance offer
Munich-based Allianz has withdrawn its pre-conditional voluntary cash general offer to acquire at least 51% of Singapore’s Income...
Dec 17, 2024
Hong Kong’s luxury appeal slips among mainland elite
Hong Kong’s appeal to mainland China’s first-tier city luxury consumers declined by 5%, while its attractiveness surged 20% among...
Dec 17, 2024
Thai ESG funds set to boost year-end inflows
The Association of Investment Management Companies (AIMC) expects Thai ESG mutual funds to add between THB5bn (USD146m) and THB8bn in...
Dec 17, 2024
Private banking veteran joins Malaysian asset management firm
A veteran of Asia’s private banking sector has joined Kuala Lumpur-based JIA Asset Management as head of strategy. Benjamin Pedley, who...
Dec 17, 2024
Financial chiefs agree on stronger Korea-Japan coordination
South Korea and Japan’s chief financial regulators agreed to strengthen cooperation to maintain stability in East Asia’s financial...
Dec 16, 2024
OECD urges easing of Philippine IPO requirement
Regulators should consider easing listing requirements and reducing fees to boost the number of Philippine companies going public, the...
Dec 16, 2024
Central bank chair post under scrutiny in Thailand
Thailand’s finance minister is examining whether Kittiratt Na-Ranong meets all necessary criteria before recommending him for the Bank of...
Dec 16, 2024
Singaporean father-and-son billionaire establishing family office in Abu Dhabi
Raj and Kishin Kumar, the father and son billionaire duo in Singapore, are establishing a family office in Abu Dhabi to manage their...