

RBC Wealth hires veteran bankers in Asia expansion
RBC Wealth Management has expanded its Asia team with a series of senior appointments in Hong Kong, strengthening coverage for clients...
Jun 5, 2025


Indonesia GDP growth to slow to 4.7% in 2025: OECD
Indonesia’s economy is forecast to grow by 4.7% in 2025 and 4.8% in 2026, slightly below previous projections, due to weaker external...
Jun 5, 2025


Ironbark acquires Sydney-based boutique family office Mercury Private
Ironbark Investment Partners has acquired Mercury Private, a Sydney-based boutique family office business managing USD1.3bn in assets, to...
Jun 4, 2025


PwC to cut 50 partners amid Hong Kong retrenchment
PwC is reportedly cutting ties with around 50 partners in Hong Kong amid pay reductions of up to 30% across departments, according to...
Jun 4, 2025


South Korea’s new president faces fragile economy
South Korea’s new president faces a fragile economy marked by declining investment, weak consumption, and rising external trade...
Jun 4, 2025


Grab to enter Singapore's motor insurance market
GrabInsure, the insurance arm of Grab, is preparing to enter Singapore’s motor insurance market following its receipt of a general...
Jun 4, 2025


Vietnam caps business inspections to once a year
Vietnam’s National Assembly has passed Resolution 198, introducing new measures to support private sector development by limiting...
Jun 3, 2025


Citi names Wenjie Zhang as China country head
Citi has appointed banking veteran Wenjie Zhang as its new country officer and banking head for China, effective July 2025, pending...
Jun 3, 2025


Family office assets surge past USD4.67tr
Single family offices now oversee more than USD4.67tr in assets under management, making them a major force in institutional investing,...
Jun 3, 2025


Hong Kong MPF assets rise to USD171bn in Q1
Hong Kong’s Mandatory Provident Fund (MPF) assets rose nearly 4% to HKD1.34tr (USD171bn) in the first quarter of 2025, boosted by a 15%...
Jun 3, 2025


Partners Group launches evergreen fund for Asia, Europe, Middle East
Partners Group has launched a new evergreen fund targeting individual investors in Asia, Europe, and the Middle East, offering access to...
Jun 2, 2025


Ultra-rich move bullion to Singapore vaults
Singapore’s appeal as a safe haven for wealth is rising as a local gold reserve saw an 88% year-on-year surge in bullion storage orders...
Jun 2, 2025


New World’s USD11bn loan push puts HK lenders on edge
New World Development is seeking to complete a HKD87.5bn (USD11bn) refinancing deal with over 50 banks by end-June, in one of Hong Kong’s...
Jun 2, 2025


ASEAN to avoid trade deals that undermine region
Southeast Asian leaders agreed not to strike US tariff deals that could harm fellow ASEAN economies, Malaysia's Prime Minister Anwar...
Jun 2, 2025


China-backed AIIB plans offices in HK, Singapore
The Asian Infrastructure Investment Bank (AIIB) is in talks to open offices in Hong Kong and Singapore, marking its most significant...
May 30, 2025


Countries in ASEAN+ to ramp up AI investment this year: Lenovo
ASEAN+ companies are set to boost AI spending by 2.7 times this year, outpacing global trends, as firms prioritise productivity, Lenovo...
May 30, 2025


Singapore firms less optimistic about growth in international trade
Nearly 90% of Singapore-based firms are reassessing business models and investment plans due to tariff volatility, according to HSBC’s...
May 30, 2025


Economists slash 2025 GDP forecasts for Malaysia, Thailand
Economists have downgraded 2025 growth forecasts for Malaysia and Thailand amid escalating global trade tensions. Thailand’s GDP is now...
May 30, 2025


Thai billionaire transfers stakes in major firms to heirs
Thailand’s second-richest man, Charoen Sirivadhanabhakdi, has transferred ownership of two major listed firms—Asset World and Berli...
May 29, 2025


Vietnam set to expand asset management rules for banks
Vietnam’s central bank is preparing to issue new rules governing asset management companies (AMCs) under commercial banks, aiming to...
May 29, 2025

