Nov 22, 2024
Asset management firm Apollo opens Seoul office, names Korea head
US-based asset management firm Apollo announced the opening of its Seoul office as part of its expansion in the Asia-Pacific region. The...
Nov 21, 2024
Singapore sees 44.6% surge in financial claims scam cases rise
Singapore's Financial Industry Disputes Resolution Centre (Fidrec) handled 2,162 financial claims from July 1, 2023, to June 30, 2024,...
Nov 21, 2024
IMF cuts South Korea's 2025 growth forecast to 2%
The International Monetary Fund (IMF) lowered its economic growth forecast for South Korea to 2% for 2025, down from 2.2% projected in...
Nov 21, 2024
Malaysia’s family office hub plan progressing
Malaysia's initiative to transform Forest City into a hub for family offices is progressing, with official incentives and criteria set to...
Nov 21, 2024
Hanwha Life to acquire 75% stake in US securities firm Velocity Clearing
South Korea's Hanwha Life Insurance Co. said it has signed an agreement to acquire a 75% stake in US-based securities firm Velocity...
Nov 20, 2024
China supports HK’s growth as international financial hub
Chinese Vice Premier He Lifeng pledged to boost Hong Kong's competitiveness through investment in innovation and stronger financial...
Nov 20, 2024
New rules enable Philippine insurers to fund infra projects
The Philippine Insurance Commission (IC) has issued new guidelines allowing life and non-life insurance companies, along with...
Nov 20, 2024
Taiwan pledges overhaul of cryptocurrency tax rules
Taiwan's Ministry of Finance has pledged to review regulations on taxing cryptocurrency gains amid surges in digital asset prices....
Nov 20, 2024
InvestHK launches European drive to attract family offices
Hong Kong's investment promotion agency, InvestHK, has launched a European tour to attract high-net-worth individuals to establish family...
Nov 19, 2024
Singapore, Hong Kong investors positive on Trump outlook
Hong Kong investors view Donald Trump’s election as beneficial for the global economy despite potential US-China tensions, a survey by...
Nov 19, 2024
Family business summit wraps up in Hong Kong
The 2024 Family Business Summit concluded in Hong Kong, uniting principal members of over 100 wealthy families to discuss a range of...
Nov 19, 2024
Hana Financial to enhance wealth services for Hong Kong seniors
Hana Financial Group Chairman Ham Young-joo has pledged to enhance wealth management services tailored to senior generations in Hong...
Nov 19, 2024
Jared Kushner eyes investment in Indonesia
Jared Kushner, businessman and son-in-law of US president-elect Donald Trump, has expressed interest in investing in Indonesia, according...
Nov 18, 2024
Singapore offers to host 2030 APEC summit
Singapore has offered to host the Asia-Pacific Economic Cooperation (APEC) summit in 2030, Prime Minister Lawrence Wong announced on...
Nov 18, 2024
Thai GDP growth forecast at 2.8% in 2025
Thailand's economy is projected to sustain moderate growth in 2025 despite external risks, the National Economic and Social Development...
Nov 18, 2024
Indonesia's Inspirasi eyes family offices in funding round
Indonesia-based education firm Inspirasi Schools, founded by the creator of Singapore Intercultural Schools (SIS) Group, is seeking to...
Nov 18, 2024
HSBC requires managers to reapply amid division overhaul
HSBC Holdings is requiring hundreds of managers to reapply for positions in its newly formed corporate and institutional banking (CIB)...
Nov 15, 2024
Taiwan insurance sector set for growth
Taiwan’s insurance sector is expected to grow next year, supported by a stable domestic economy and easing monetary policies globally,...
Nov 15, 2024
Digital payments surge in the Philippines, exceeding central bank goals
Digital payment adoption in the Philippines is accelerating, with the Bangko Sentral ng Pilipinas (BSP) reporting that 56% of Filipino...
Nov 15, 2024
Financial complaints against finfluencers on the rise: MAS
The Monetary Authority of Singapore (MAS) has received an average of five complaints annually over the past five years against financial...