Chinese eases rules, pledges support to attract foreign investors
China is stepping up efforts to attract foreign businesses after inbound investment fell to its lowest level since 1992. The Commerce...
Feb 24
HSBC to boost HK wealth business with USD1.5bn shift
HSBC Holdings will invest more in Hong Kong’s wealth-management sector, redirecting USD1.5bn from low-return markets as it restructures...
Feb 24
Taiwan’s business leaders push for US-Taiwan double tax protection
Taiwanese business leaders are urging the government to accelerate negotiations with Washington on double tax avoidance and investment...
Feb 24
Hong Kong banks warned of major risks from property slump
Hong Kong banks are expected to be more selective in lending to developers amid a prolonged property downturn, posing a major risk to...
Feb 24
Hong Kong eyes crypto growth with new regulatory roadmap
Hong Kong has introduced a regulatory roadmap to expand its virtual assets market, announced by Securities and Futures Commission chief...
Feb 21
Thailand plans ESG fund to stabilise stock market
Thailand is set to finalise a new ESG fund in the first quarter to ease selling pressure from maturing long-term equity funds (LTFs), a...
Feb 21
South Korea moves to tighten tax penalties on multinational firms
South Korea’s parliament has advanced a bill imposing stricter penalties on multinational firms like Google and Netflix if they fail to...
Feb 21
Sy family’s SM Prime to invest in malls, offices, hotels in the Philippines
Philippines’ SM Prime Holdings Inc., led by the Sy family, is allocating up to PHP33bn (USD568m) in 2025 to expand its commercial...
Feb 21
Financial influencers pose risks, global regulators urge oversight
Financial influencers pose risks to retail investors, requiring enhanced monitoring, said Jean-Paul Servais, chairman of the...
Feb 20
Finance, tech sectors drive HK hiring growth
Hong Kong’s job market is recovering, with financial services and technology sectors leading in headcount and salary growth. Recruitment...
Feb 20
Japan’s Q4 GDP surges 2.8%, beating expectations
Japan’s economy grew at an annualised 2.8% in the fourth quarter of 2024, exceeding forecasts of 0.3%, driven by steady exports and...
Feb 20
Malaysia to host ASEAN, China, Gulf summit in May
Malaysia will host a joint summit in May with China, ASEAN, and the Gulf Cooperation Council (GCC) to strengthen economic ties amid...
Feb 20
Southeast Asian central banks harmonise currency framework
Malaysia, Indonesia, and Thailand will harmonise and expand their local currency transaction framework to boost cross-border trade and...
Feb 19
Chinese president Xi Jinping holds meeting with Alibaba’s Jack Ma, CEOs
Chinese President Xi Jinping met with Alibaba cofounder Jack Ma and other top business leaders, signaling Beijing’s support for the...
Feb 19
Standard Chartered joins Hong Kong stablecoin venture
Standard Chartered is partnering with Animoca Brands and telecom firm HKT to launch a Hong Kong dollar-backed stablecoin joint venture....
Feb 19
Barclays appoints senior executives for APAC, Middle East
Barclays has appointed Vijay Shankar U.S. as managing director, head of global transaction banking, and Amaar Khan as managing director,...
Feb 19
HK financial chief positive on stock market’s outlook
Hong Kong’s financial chief expressed cautious optimism about the stock market’s outlook, citing strong investor activity and new listing...
Feb 18
Hong Kong acknowledges crypto as proof of wealth in immigration
Hong Kong acknowledged for the first time that cryptocurrencies have been used as proof of wealth under its investment immigration scheme...
Feb 18
Thailand’s 2024 GDP misses forecast
Thailand’s economy grew 2.5% in 2024, below the 2.7% forecast and lagging regional peers despite a pickup from 2% in 2023, official data...
Feb 18
Japan firms to post record earnings for fourth year
Major Japanese firms are set to post a record combined net profit for the fourth straight year in fiscal 2024, driven by Bank of Japan...
Feb 18
