

South Korea’s financial literacy tops OECD average despite decline
South Korean adults scored higher than the OECD average in financial literacy despite a slight decline from previous years, a survey by...
May 1, 2025


World Bank sees Philippines reaching upper middle-income status by 2027
The Philippines is more likely to achieve upper middle-income status by 2027, a year later than the government’s 2026 target, the World...
May 1, 2025


Half of Chinese exporters plan to cut US business amid tariff pressure
Nearly half of Chinese foreign trade companies plan to scale back business with the US following tariff hikes, according to a survey by...
Apr 30, 2025


Vietnam committed to building first International Financial Centre
Vietnam’s National Assembly could review a draft resolution for the development of an International Financial Centre (IFC) as early as...
Apr 30, 2025


Ant Group buys first brokerage licence with USD359m Bright Smart deal
Ant Group is acquiring a controlling stake in Bright Smart Securities & Commodities Group for HKD2.81bn (USD359m), marking its first...
Apr 30, 2025


LenderLink raises funds to build the Philippines’ first real-time credit bureau
LenderLink Philippines has raised USD1.25m in an oversubscribed seed round to build the country’s first high-tech, real-time credit...
Apr 30, 2025


California overtakes Japan as world’s fourth-largest economy
California has surpassed Japan and would be the world’s fourth-largest economy if it were a country, with nominal GDP reaching USD4.1tr...
Apr 29, 2025


Interactive Brokers Hong Kong fined for regulatory breaches
The Securities and Futures Commission (SFC) has fined Interactive Brokers Hong Kong (IBHK) HKD4.2m (USD537,000) for breaches related to...
Apr 29, 2025


Thailand, Malaysia strengthen ASEAN trade ties amid US policy shifts
Thailand and Malaysia have reinforced ASEAN trade cooperation in response to recent US tariff measures, following bilateral talks between...
Apr 29, 2025


China confident of meeting 2025 growth target
China’s state planner expressed confidence that the country will achieve its 2025 economic growth target of around 5%, pledging to roll...
Apr 29, 2025


Malaysia’s Forest City SFZ draws first two family offices
Forest City’s Special Financial Zone (SFZ) in Johor, Malaysia, has secured its first two family offices—CMY Capital and Yow Kee—marking a...
Apr 28, 2025


Thailand courts Korean investment for financial hub push
Thailand has invited South Korean investors to participate in its newly launched Thailand Financial Hub initiative, aimed at positioning...
Apr 28, 2025


Beijing opens more sectors to foreign investment in 2025 list
China has reduced the number of industries restricted for foreign investment to 106 from 117 under its updated 2025 “negative list”,...
Apr 28, 2025


Single-family offices in Asia forecast to rise 40% by 2030
Single-family offices in Asia Pacific are projected to grow 40% to 3,200 by 2030, outpacing North America, according to a report by...
Apr 28, 2025


Family office must scale up for bigger deals says PwC
Family offices need to strengthen their operational capabilities to manage larger investment deals as transactions shift toward private...
Apr 25, 2025


Hong Kong backs nearly 5,900 new Shenzhen firms in 2024
Hong Kong invested in nearly 5,900 new enterprises in Shenzhen in 2024, underscoring growing economic integration within the...
Apr 25, 2025


South Korea growth misses forecast, GDP shrinks 0.2%
South Korea’s economy contracted 0.2% in the first quarter of 2025 from the previous quarter, marking its first on-quarter decline in...
Apr 25, 2025


HSBC China wealth head steps down amid reshuffle
HSBC’s top wealth manager for China, Trista Sun, will step down from her role on May 1 as part of an Asian leadership reshuffle, while...
Apr 25, 2025


Chinese funds withdraw US private equity investments
Several Chinese state-backed funds have withdrawn capital from US private equity (PE) firms as rising geopolitical tensions between China...
Apr 24, 2025


Japan’s Nomura to acquire Macquarie’s asset management units in US, Europe
Nomura will acquire Macquarie Group’s public asset management operations in the US and Europe for about USD1.8 billion, in a deal set to...
Apr 24, 2025

