

South Korea’s NPS opens new office in Silicon Valley
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, inaugurated its new office in Silicon Valley,...
Sep 9, 2024


Singapore sees 25% rise in bankruptcy filings in H1 2024
Bankruptcy filings in Singapore surged by 25% in the first half of 2024, according to the Ministry of Law, with 2,334 people applying and...
Sep 4, 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


Citi expects strong dealmaking in Asia Pacific
Citigroup Inc. expects a surge in Asia Pacific dealmaking, driven by booming markets in India, Taiwan, and Japan, alongside a strong...
Aug 29, 2024


CTBC USD4.11bn bid to form Taiwan’s largest financial firm
CTBC Financial Holding Co. has offered NTD14.55 (USD0.46) per share in cash and stock for a 51% stake in Shin Kong Financial Holding Co.,...
Aug 26, 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


China, US finance departments establish crisis communication channels
China’s central bank and the US Treasury agreed to establish direct contacts for managing future financial stress events, marking a step...
Aug 20, 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


Singapore ranks 7th for costly prime office spaces
Singapore ranks as the seventh most expensive market for prime office space, according to Savills. London’s West End leads with an annual...
Aug 14, 2024


Sydney to host Australia's largest ASEAN business summit
Sydney will host Australia's largest-ever business summit for ASEAN nations on August 29-30, drawing up to 500 delegates. The 2024...
Aug 14, 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


E-commerce tycoon Colin Huang now China's wealthiest
Colin Huang, founder of PDD Holdings, has become China's richest man, with a net worth of USD48.6bn, according to the Bloomberg...
Aug 12, 2024


Philippine economy surges 6.3% in Q2 2024
Philippine economic growth surged to 6.3% in Q2 2024, up from 4.3% last year, and higher than the 5.8% in Q1, reported National...
Aug 9, 2024


Business leaders rally to support Hong Kong as a global financial hub
Business leaders, lawmakers, and academics in Hong Kong are backing the city’s efforts to seize opportunities in offshore yuan financing,...
Aug 9, 2024


Innovative insurance from AXA covers extreme heat in Hong Kong
AXA has introduced a novel heatwave-related insurance product in Hong Kong, offering coverage to outdoor workers as summer intensifies....
Aug 7, 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


Warburg Pincus, Lendlease launch life sciences real estate JV
Warburg Pincus and Lendlease announced the final closing of a life sciences real estate joint venture platform, with each committing 50%...
Aug 2, 2024


HSBC reports strong wealth growth, surpasses estimates
HSBC Holdings reported a slight 0.4% decline in first-half profit but still exceeded analyst estimates, driven by higher global interest...
Aug 1, 2024


HK’s eMPF achieves milestone with over 20,000 registrations
The eMPF platform, launched to digitise Hong Kong’s Mandatory Provident Fund (MPF) management, has garnered over 20,000 registered users...
Jul 30, 2024


Philippines central bank on track for CBDC implementation by 2029
The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is progressing well with its study and testing of a central...
Jul 26, 2024







