

Cheng family eyes luxury expansion with Louis Vuitton megastore
Billionaire Cheng family’s New World Development is in talks with Louis Vuitton to open a 40,000-square-foot megastore at its K11 Musea...
Mar 20


Chinese tycoon’s family office sues over USD55m fraud
A Singapore court has ordered a global freeze on assets linked to four former employees accused of misappropriating SGD74m (USD55.5m)...
Mar 20


Thailand urged to give local firms same perks as foreign investors
The Thai Chamber of Commerce (TCC) has urged the government to grant local businesses the same tax incentives as foreign investors to...
Mar 20


New faces lead Singapore’s insurance sector
Singapore’s insurance sector is seeing a wave of leadership changes, with new CEOs coming from both insurance and banking backgrounds,...
Mar 20


Hong Kong to host third wealth summit
Hong Kong will host its third wealth summit on March 26, focusing on artificial intelligence, cultural innovation, and wealth management,...
Mar 19


Foreign investors snap up Chinese debt as yields rise
Foreign investors are increasing purchases of Chinese interbank debt as rising mainland yields and favourable currency conversion rates...
Mar 19


Private equity firms bet big on South Korea
Apollo Global Management and Intermediate Capital Group (ICG) have opened offices in Seoul, joining global private equity firms expanding...
Mar 19


Vietnam’s financial hub strategy should be adaptive, says UK expert
Vietnam does not need to choose between developing a specialised or comprehensive financial centre but can adopt a flexible approach,...
Mar 19

Manulife names Steve Finch as new Asia CEO
Manulife has appointed Steve Finch as Asia president and CEO, effective May 9, succeeding Phil Witherington, who will become the...
Mar 18


Nomura expands wealth team in Singapore, Dubai
Nomura Holdings is expanding its wealth management team in Singapore and Dubai after the unit turned profitable 18 months ahead of...
Mar 18


OECD slashes South Korea’s 2024 growth forecast to 1.5%
The OECD cut South Korea’s 2024 growth forecast to 1.5% from 2.1%, citing rising trade barriers and geopolitical risks, according to its...
Mar 18


Hong Kong issues new guidance on IUL insurance
Hong Kong’s Insurance Authority (IA) and Monetary Authority (HKMA) have issued clarification regarding indexed universal life (IUL)...
Mar 18


World Bank raises Vietnam’s growth forecast to 6.8% for 2025
The World Bank has raised Vietnam’s real GDP growth forecast for 2025 to 6.8%, up 0.2 percentage points from its January estimate but...
Mar 17


Thailand gains from trade war as foreign investment rises
Thailand is seeing increased foreign investment amid global trade tensions, helping to drive economic growth toward its 3-3.5% target,...
Mar 17


China unveils policies to strengthen foreign investment, trade growth
China’s latest policies, including those outlined during the Two Sessions, mark a new phase of high-standard opening-up through “mutual...
Mar 17


Hong Kong launches GreenTech Hub to boost green finance
Hong Kong Science and Technology Parks Corporation (HKSTP) has launched the GreenTech Hub at InnoCentre, Kowloon Tong, to position Hong...
Mar 17


Hong Kong IPO market poised for 80% surge
Hong Kong’s stock market fundraising could rise by up to 80% this year, with IPO proceeds expected to reach between USD17bn and USD20bn,...
Mar 14


China approves UBS stake sale in Credit Suisse JV
UBS has received approval from China’s securities regulator to sell a 36.01% stake in Credit Suisse Securities (CSS) to Beijing...
Mar 14


South Korea, Vietnam strengthen tax cooperation in bilateral meeting
The National Tax Service of Korea and Vietnam’s General Department of Taxation held the 24th Korea-Vietnam Bilateral Commissioners’...
Mar 14


Philippines tightens oversight to stay off grey list
The Bangko Sentral ng Pilipinas (BSP) is strengthening efforts to prevent the Philippines from returning to the Financial Action Task...
Mar 14