

Australian investment funds to explore opportunities in the Philippines
Fourteen Australian investment funds and corporations will visit the Philippines next month for a business mission, the Australian...
Aug 30, 2024


Woori Financial acquires two insurers in USD1.55bn deal
Woori Financial Group has sealed its re-entry into the insurance sector after 11 years by acquiring Tongyang Life Insurance and ABL Life...
Aug 30, 2024


Thailand to slash taxes for financial hub initiative
Thailand’s Ministry of Finance is poised to reduce personal and corporate income tax rates for approved individuals and businesses as...
Aug 30, 2024


Citi expects strong dealmaking in Asia Pacific
Citigroup Inc. expects a surge in Asia Pacific dealmaking, driven by booming markets in India, Taiwan, and Japan, alongside a strong...
Aug 29, 2024


China’s top billionaires lose USD16bn in stock rout
Record stock selloffs in China’s leading consumer companies wiped over USD16bn from the fortunes of the nation’s richest individuals,...
Aug 29, 2024


Nomura recruits talent in wealth management expansion
Nomura Holdings Inc.’s wealth management unit is expanding after a major overhaul that shifted focus from mass retail to wealthy clients....
Aug 29, 2024


HKMA launches tokenisation sandbox for financial sector
The Hong Kong Monetary Authority (HKMA) has launched Project Ensemble Sandbox to accelerate the adoption of tokenisation in the financial...
Aug 29, 2024


Philippine central bank chief named one of world’s top performers
Global Finance magazine has named Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. as one of the world’s top-performing...
Aug 28, 2024


Market turbulence leads Millennium to close Asia trading pods
Millennium Management has closed two index-rebalancing pods in Asia, according to a source familiar with the matter. The pods were led by...
Aug 28, 2024


Singapore’s SeaTown AM closes USD1.3bn Private Credit Credit Fund II
SeaTown Holdings International, a subsidiary of Singapore’s Temasek’s asset management group Seviora Holdings, announced the final close...
Aug 28, 2024


New rule forces Indonesian banks to publish lending margins
Indonesia’s Financial Services Authority (OJK) will mandate banks to publish detailed breakdowns of their lending rates, including...
Aug 28, 2024


Liu Jin steps down as Bank of China president
Bank of China Ltd announced that President Liu Jin has resigned after just over three years in the role, effective August 25, citing...
Aug 27, 2024


eMPF lauded as global leader in pension platforms
Hong Kong Mandatory Provident Fund Schemes Authority’s chair, Ayesha Macpherson Lau, hailed the eMPF, a digital platform launched in...
Aug 27, 2024


Thai listed companies see 9.7% profit jump in H1
Net profits of listed companies on the Stock Exchange of Thailand (SET) surged 9.7% year-on-year to THB519bn in the first half of 2024,...
Aug 27, 2024


Insurtech deals in SE Asia hit USD2.35bn in 2023
Insurtech deals in Southeast Asia surged to USD2.35bn in 2023, up from USD538m in 2022, despite macroeconomic challenges, according to an...
Aug 27, 2024


Philippines’ embedded finance to grow 42% annually
The Philippines’ financial industry is poised to drive a 42% annual growth in the embedded finance sector, according to a recent Fintech...
Aug 26, 2024


SMBC Taps Atul Bhuchar to lead Asia transaction banking
Sumitomo Mitsui Banking Corporation (SMBC) has appointed Atul Bhuchar as the new Head of Transaction Banking Product for its Asia Pacific...
Aug 26, 2024


Malaysia’s regulator fines Grant Thornton Malaysia for audit breach
The Securities Commission’s (SC) Audit Oversight Board (AOB) has fined Grant Thornton Malaysia PLT (GTM) MYR150,000 (USD34,400) and its...
Aug 26, 2024


CTBC USD4.11bn bid to form Taiwan’s largest financial firm
CTBC Financial Holding Co. has offered NTD14.55 (USD0.46) per share in cash and stock for a 51% stake in Shin Kong Financial Holding Co.,...
Aug 26, 2024


South Korea’s institutional investors avoid direct bitcoin plays
Despite the global rise in institutional investment in cryptocurrency, driven by the approval of bitcoin spot exchange-traded funds...
Aug 23, 2024







