

Taiwan’s economy set for growth, driven by AI and tech exports
DBS Bank has upgraded Taiwan’s GDP growth forecast for this year to 4.2%, up from 3.5%, driven by robust demand for AI technology and...
Jul 17, 2024


Vietnam allows banks to continue selling investment-linked insurance
Commercial banks in Vietnam will continue to sell investment-linked insurance products through the bancassurance channel, following a...
Jul 17, 2024


Malaysia shines in APAC M&A with 87% surge
In a challenging year for Asia-Pacific dealmaking, Malaysia stands out with an 87% increase in mergers and acquisitions, totaling...
Jul 17, 2024


Malaysia’s recent digital banks struggle with technical setbacks
The last two digital banks in Malaysia developed by consortia led by Sea Ltd with YTL Digital Capital, and KAF Investment Bank with...
Jul 16, 2024


Raffles Family Office names new group COO
Raffles Family Office has appointed Terence Chow as its new Group COO, effective July 2. Chow, based in Hong Kong, will oversee the...
Jul 16, 2024


China’s Q2 economic growth falls short at 4.7%
China’s economy grew by just 4.7% in the second quarter of 2024, falling short of the expected 5.1% and slowing from the previous...
Jul 16, 2024


Hong Kong’s private banking sector sees surge in HNWI inflows
Hong Kong’s private banking sector is seeing a resurgence of optimism, driven by a significant inflow of high net worth individuals...
Jul 16, 2024


Indonesia tops Asia investment preferences, poll finds
Foreign equity fund managers in Asia are maintaining their investments focused on domestic demand-driven recoveries, during market...
Jul 15, 2024


Taiwan to lead global surge in millionaires by 2028, UBS reports
According to a recent UBS report, Taiwan is projected to see a 47% increase in millionaires by 2028, the highest growth rate globally,...
Jul 15, 2024


Cooperation urged between Singapore and Hong Kong in family offices
Experts from The Hong Kong University of Science and Technology highlight that viewing Singapore and Hong Kong as rivals in attracting...
Jul 15, 2024


Hong Kong tycoon Adrian Cheng to list venture fund on Swiss exchange
Hong Kong property mogul Adrian Cheng is taking his venture fund, C Capital, public by merging it with Swiss-listed Youngtimers AG, to be...
Jul 15, 2024


Philippines central bank conducts 11 anti-counterfeiting operations in 2023
In 2023, the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, ramped up its anti-counterfeiting measures,...
Jul 12, 2024


HK regulator clears PwC of whistleblower allegations
Hong Kong’s Accounting and Financial Reporting Council (AFRC) found no evidence supporting whistleblower allegations against PwC related...
Jul 12, 2024


China tightens bond regulations to safeguard banking sector stability
China’s financial regulator has instructed some rural banks to shorten the average duration of their bond holdings to stabilize the...
Jul 12, 2024


Asia underinvested in private markets, PGIM survey reveals
Global financial institutions are increasingly turning to private market alternatives to diversify portfolios as traditional 60/40...
Jul 12, 2024


Barclays to triple wealth team in Asia, targets ultra-rich
Barclays plans to significantly expand its wealth management division in Asia, targeting ultra-rich clients and family offices in India...
Jul 11, 2024


HSBC overhauls investment bank to mirror Citigroup structure
HSBC Holdings Plc is restructuring its investment bank to align more closely with competitors like Citigroup Inc. The revamp involves...
Jul 11, 2024


HKMA hires external managers to handle assets
The Hong Kong Monetary Authority (HKMA) has outsourced the management of nearly 30 percent of the Exchange Fund assets, used to support...
Jul 11, 2024


Singapore’s wealth gap widens, exceeds Hong Kong and Indonesia
Since the 2008 financial crisis, average wealth per adult in Singapore has increased significantly, but so has wealth inequality, now...
Jul 11, 2024


Philippines unlikely to exit global grey money watchlist this year
The Philippines is not expected to be removed from the global grey money watchlist this year, according to Bangko Sentral ng Pilipinas...
Jul 10, 2024

