

IMF Upgrades Malaysia 2025 Growth Forecast Amid Trade Policy Uncertainty
The International Monetary Fund has revised Malaysia’s 2025 GDP growth forecast upward to 4.5% from 4.1%, citing improved prospects for...
Aug 1, 2025


HSBC Adds 300,000 Wealth Clients in Hong Kong Amid Strong Q2 Results
HSBC has reported a significant increase in its wealth management business, driven by the addition of 300,000 new clients in Hong Kong in...
Aug 1, 2025


HSBC to Exit Bangladesh Retail Banking in Global Streamlining Drive
HSBC has announced plans to exit its retail banking operations in Bangladesh as part of a global strategy to streamline operations and...
Aug 1, 2025


HKMA Business Credit-Scoring Pilot Boosts SME Loan Access
The Hong Kong Monetary Authority (HKMA) is piloting a business credit-scoring system under its Commercial Data Interchange (CDI) scheme...
Jul 31, 2025


Indonesia Wealth Surge: Prajogo Pangestu Adds USD20bn in Three Months
Indonesian tycoon Prajogo Pangestu has grown his net worth by over USD20bn since April, reaching USD36.2bn, according to Bloomberg data....
Jul 31, 2025


Malaysia GDP Forecast Cut to 4%-4.8% Amid Trade Uncertainty
Bank Negara Malaysia has lowered its 2025 GDP growth forecast to 4%–4.8%, down from 4.5%–5.5%, citing global trade uncertainty and...
Jul 31, 2025


Asia Finance Unions Push Socially Responsible Reform at SAFSUC Colombo
Finance sector unions from Sri Lanka, India, Pakistan, Nepal, and Bangladesh have pledged to advance socially responsible finance and...
Jul 31, 2025


MPF Asset Growth Hits Record USD178bn as Hong Kong Accounts Surge
Hong Kong’s Mandatory Provident Fund (MPF) assets have surged past HKD1.4tr (USD178bn) as of end-June, reaching a historic high,...
Jul 30, 2025


Vietnam Financial Centres Plan Gains Swiss Expertise for Future Growth
Vietnam is partnering with Switzerland to develop international financial centres, National Assembly Chairman Tran Thanh Man said during...
Jul 30, 2025


APAC Bank Fraud Risks Rise with Scams and Mule Accounts, FICO Reports
Scams and money mule accounts have overtaken traditional fraud as the primary threat to banks in Asia-Pacific, according to a FICO survey...
Jul 30, 2025


Airwallex MAS Licence Secured for Yield Investment Product in Singapore
Airwallex has obtained a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore, allowing it to launch its...
Jul 30, 2025


IFF AI Competitiveness Index Report Highlights Hong Kong as Global Hub
Prof. Dr. Patrick Glauner, IFF AI Committee Coordinator The International Finance Forum (IFF) has released the third edition of its...
Jul 29, 2025


Family Office Compensation Report Reveals 20% Pay Rise for Senior Roles
Family offices are significantly raising compensation to retain investment talent, with base salaries for senior positions increasing by...
Jul 29, 2025


China Leads IFF Global Sustainability Index 2025 Amid Green Growth
The International Finance Forum (IFF) and China Galaxy Securities have released the 2025 Global Sustainable Investment Index Report ,...
Jul 29, 2025


SCB X AI-Powered Virtual Bank to Launch in 2026 with USD140m Capital
SCB X, the parent company of Siam Commercial Bank, plans to launch its virtual bank by mid-2026 under the “AI Native Bank” model,...
Jul 29, 2025


DBS Private Assets Platform Opens Access for Asia’s Family Offices
DBS Private Bank, in partnership with Hamilton Lane, has launched Private Assets Tailored by Hamilton Lane (PATH), a private assets...
Jul 28, 2025


Shinhan Bank UK Investment to Reach USD2.7bn by 2030
Shinhan Bank plans to expand its total investment in the United Kingdom to KRW3.7tr (USD2.7bn) by 2030 as part of its strategy to...
Jul 28, 2025


ADB Lowers Hong Kong Growth Forecast to 2% for 2024
The Asian Development Bank (ADB) has lowered its 2024 Hong Kong growth forecast from 2.3% to 2%, citing global trade risks and supply...
Jul 28, 2025


HKMA AML Fines Target Three Banks for Compliance Gaps
The Hong Kong Monetary Authority (HKMA) has issued AML fines against Indian Overseas Bank (IOB), Bank of Communications (BCOM), and its...
Jul 28, 2025


Ittapat Maps Cross-Border Future for Thai Family Offices
Wealth Platforms Group CEO Ittapat Akaraveepakin is redefining how Thai family offices approach wealth management by promoting...
Jul 25, 2025






