

Central bank chair post under scrutiny in Thailand
Thailand’s finance minister is examining whether Kittiratt Na-Ranong meets all necessary criteria before recommending him for the Bank of...
Dec 16, 2024


Singaporean father-and-son billionaire establishing family office in Abu Dhabi
Raj and Kishin Kumar, the father and son billionaire duo in Singapore, are establishing a family office in Abu Dhabi to manage their...
Dec 16, 2024


Nippon Life to ink largest Japanese insurance takeover deal
Japanese insurance major Nippon Life has agreed to acquire all the shares it does not own in Resolution Life for about USD8.2bn, the...
Dec 16, 2024


AllianzGI secures landmark stake in China pension market
Allianz Global Investors said it has received regulatory approval to acquire a 2% stake in Guomin Pension & Insurance Co, making it the...
Dec 13, 2024


Foreign investors fuel Vietnam’s non-life insurance M&A
The Vietnamese non-life insurance sector is drawing strong merger and acquisition interest as foreign and domestic investors target its...
Dec 13, 2024


Eight family offices eye Malaysia’s Forest City’s Special Financial Zone
Eleven companies have expressed interest in establishing operations in the Forest City Special Financial Zone (SFZ), according to...
Dec 13, 2024


Philippine conglomerate The Kho Group to set up family office in HK
The Kho family, which established the 40-year-old conglomerate The Kho Group (TKG) in the Philippines, is setting up a family office in...
Dec 13, 2024


Japan’s megabanks target US, India for overseas expansion
Japan’s megabanks—Mitsubishi UFJ (MUFG), Sumitomo Mitsui (SMFG), and Mizuho—are pursuing overseas investments, focusing on the US and...
Dec 12, 2024


Standard Chartered lowers HK’s 2025 growth forecast to 2.2%
Standard Chartered cut its 2025 economic growth forecast for Hong Kong to 2.2%, citing weaker exports, subdued consumption, and...
Dec 12, 2024


DBS, top Japanese lenders possible bidders for Indonesia’s Panin Bank
Asian banks including DBS Group, Mitsubishi UFJ Financial Group (MUFG), and Sumitomo Mitsui Financial Group have submitted preliminary...
Dec 12, 2024


South Korea’s Hanwha launches financial AI centre in US
Hanwha Group’s financial subsidiaries have opened the Hanwha AI Center in San Francisco, marking the first AI research hub in the city by...
Dec 12, 2024


Hong Kong positioned to support ASEAN’s green transition
Lee Ho-tak, managing director of family office Cheah Capital, emphasised that ESG initiatives not only benefit society but also deliver...
Dec 11, 2024


Japan’s 2024 bankruptcies poised to hit highest level since 2013
Japan’s bankruptcy filings are on track to surpass 10,000 this year, marking the highest level since 2013, according to Tokyo Shoko...
Dec 11, 2024


China, Hong Kong regulators push for faster listings
Mainland China and Hong Kong regulators have urged major global investment banks to accelerate Chinese companies’ listings in Hong Kong,...
Dec 11, 2024


Billionaire wealth doubles to USD14tr over decade, led by tech
Billionaires’ combined wealth surged 121% over the past decade to USD14tr, according to UBS’s Billionaire Ambitions report. The number of...
Dec 11, 2024


Raffles Family Office names Abdullatif Kanoo as board advisor
Raffles Family Office (RFO) has appointed Abdullatif Mohamed Kanoo as Board Advisor to drive its strategic expansion into the Middle...
Dec 10, 2024


South Korea, Indonesia deepen general insurance partnership
South Korea’s and Indonesia’s general insurance industries are strengthening ties following a new memorandum of understanding (MOU)...
Dec 10, 2024


Temasek launches private credit platform with USD7.5bn portfolio
Singapore state investor Temasek Holdings has established a private credit platform with an initial portfolio of SGD10bn (USD7.5bn),...
Dec 10, 2024


HKMA fines CITIC unit for AML violations
Hong Kong’s banking regulator fined China CITIC Bank International HKD4m (USD510,000) for breaching anti-money laundering regulations,...
Dec 10, 2024


Singapore pushes back corporate cheque phase-out
Singapore’s central bank said it will extend the deadline for phasing out corporate cheque processing by one year to end-2026. The...
Dec 9, 2024







