
Five groups compete for virtual bank licences in Thailand
Five business groups are competing for new virtual bank licences in Thailand. The Gulf consortium, consisting of Krungthai Bank, Gulf...
Sep 20, 2024


40% of Singapore firms see minimal impact from carbon tax hike
Nearly 40% of Singaporean companies reported minimal impact from the recent carbon tax hike, according to a survey by the Sustainable...
Sep 17, 2024

Vietnam PM urges ASEAN Business Council to boost economic ties
Vietnam’s Prime Minister Pham Minh Chinh has urged the ASEAN Business Advisory Council (ASEAN BAC) to collaborate closely with...
Sep 16, 2024


HSBC leads global dividends, Asia-Pacific growth lags
HSBC Holdings emerged as the world’s largest dividend payer in the second quarter, distributing USD11.7bn, driven by a USD4bn special...
Sep 13, 2024

Cathay Financial Raises Taiwan GDP Forecast to 3.7%
Cathay Financial Holding Co raised its GDP growth forecast for Taiwan this year from 3.6% to 3.7%, citing stronger-than-expected exports,...
Sep 12, 2024


Majority of Hongkongers Embrace AI for Wealth Management
According to a survey by business consultancy Capco, most affluent Hongkongers are embracing artificial intelligence (AI) for wealth...
Sep 11, 2024

Taiwan FTC reviews Taishin, CTBC bids for Shin Kong Financial
Taiwan’s Fair Trade Commission (FTC) is reviewing competing bids by Taishin Financial Holding Co and CTBC Financial Holding Co for Shin...
Sep 6, 2024


Eastbound Equity expands to Singapore, plans USD50m investment
Eastbound Equity, a fund placement agency specialising in bridging Western and Eastern capital markets, has expanded its operations to...
Sep 3, 2024


SFC releases new licensing guides for financial professionals
The Securities and Futures Commission (SFC) has released two new guides aimed at easing the licensing process for visiting and returning...
Sep 2, 2024


Australian investment funds to explore opportunities in the Philippines
Fourteen Australian investment funds and corporations will visit the Philippines next month for a business mission, the Australian...
Aug 30, 2024


Woori Financial acquires two insurers in USD1.55bn deal
Woori Financial Group has sealed its re-entry into the insurance sector after 11 years by acquiring Tongyang Life Insurance and ABL Life...
Aug 30, 2024


New rule forces Indonesian banks to publish lending margins
Indonesia’s Financial Services Authority (OJK) will mandate banks to publish detailed breakdowns of their lending rates, including...
Aug 28, 2024

South Korea’s institutional investors avoid direct bitcoin plays
Despite the global rise in institutional investment in cryptocurrency, driven by the approval of bitcoin spot exchange-traded funds...
Aug 23, 2024


KKR-led consortium eyes USD2bn Tokyo office tower
A consortium led by KKR and Japan’s Hulic has submitted a bid to acquire the Shiodome City Center, a 43-story Tokyo skyscraper owned by...
Aug 22, 2024

Bank of China replaces PwC with EY as its auditor
PwC has lost its largest mainland China-listed client, Bank of China, to rival EY, amid a regulatory probe into its work on China...
Aug 21, 2024


Singapore banks to explore quantum security
The Monetary Authority of Singapore (MAS), along with DBS, HSBC, OCBC, UOB, SPTel, and SpeQtral, has signed a Memorandum of Understanding...
Aug 15, 2024

SMBC expands Jefferies Financial stake, targets 15% ownership
Jefferies Financial Group announced that Japan’s Sumitomo Mitsui Banking Corp (SMBC) has increased its stake in the US investment bank to...
Aug 13, 2024


Thailand forms committee for financial hub
The Finance Ministry is forming a 34-member committee, chaired by Deputy Finance Minister Paopoom Rojanasakul, to develop policies and...
Aug 13, 2024


Woori returns to investment banking after 10-year hiatus
Woori Investment & Securities, part of Woori Financial Group, has launched as a mid-tier brokerage, marking its reentry into the sector...
Aug 6, 2024


Chinese regulators push state firms to drop PwC as auditor
Chinese regulators have asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor due to its work for...
Aug 6, 2024