

Japan’s GDP surges 3.1%, beating forecasts
Japan’s economy grew by an annualized 3.1% in April-June, surpassing expectations due to a solid rise in consumption, according to data...
Aug 16, 2024


HKMA introduces AI sandbox to boost fintech innovation
The Hong Kong Monetary Authority (HKMA) and Hong Kong Cyberport Management Company launched the Generative Artificial Intelligence...
Aug 16, 2024


Taiwan’s financial sector cuts China exposure by 8.9%
Taiwan’s financial services companies reduced their exposure to China by 8.9% year-on-year to NTD1.02tr (USD31.41bn) at the end of last...
Aug 16, 2024


Singapore banks to explore quantum security
The Monetary Authority of Singapore (MAS), along with DBS, HSBC, OCBC, UOB, SPTel, and SpeQtral, has signed a Memorandum of Understanding...
Aug 15, 2024


Adrian Cheng predicts Hong Kong's wealth boom
Hong Kong is rapidly emerging as a top global financial center, attracting the world's wealthiest individuals. Adrian Cheng, CEO of New...
Aug 15, 2024


Simon Cheung to lead Neuberger Berman's family office push in Asia
Neuberger Berman has appointed Simon Cheung as Senior Vice President to lead its single family office efforts in Hong Kong and Southeast...
Aug 15, 2024


CIMB, Maybank fined for e-banking disruptions in Malaysia
Malaysia's central bank, Bank Negara Malaysia (BNM), announced on Wednesday that it has imposed penalties on CIMB Bank Berhad, CIMB...
Aug 15, 2024


Thailand’s insurance regulator tightens actuarial standards
Thailand’s Office of the Insurance Commission (OIC) plans to establish a screening committee to suspend or revoke actuarial licences to...
Aug 14, 2024


Singapore ranks 7th for costly prime office spaces
Singapore ranks as the seventh most expensive market for prime office space, according to Savills. London’s West End leads with an annual...
Aug 14, 2024


Key US-China economic officials to meet in Shanghai
Senior US and Chinese economic officials will meet in Shanghai on Aug. 15-16 for the first time since China outlined its long-term...
Aug 14, 2024


Sydney to host Australia's largest ASEAN business summit
Sydney will host Australia's largest-ever business summit for ASEAN nations on August 29-30, drawing up to 500 delegates. The 2024...
Aug 14, 2024


SMBC expands Jefferies Financial stake, targets 15% ownership
Jefferies Financial Group announced that Japan’s Sumitomo Mitsui Banking Corp (SMBC) has increased its stake in the US investment bank to...
Aug 13, 2024


Thailand forms committee for financial hub
The Finance Ministry is forming a 34-member committee, chaired by Deputy Finance Minister Paopoom Rojanasakul, to develop policies and...
Aug 13, 2024


Foreign investors withdraw billions from China in Q2
Foreign investors withdrew a record amount from China last quarter, reflecting deep pessimism about the world's second-largest economy....
Aug 13, 2024


Singapore Q2 GDP grows 2.9%, exceeding expectations
Singapore's economy grew 2.9% year-on-year in the April-June quarter, matching official estimates and exceeding market expectations,...
Aug 13, 2024


Top China fund executive resigns amid probe
Henry Zhao Xuejun, long-time chairman of Harvest Fund Management, one of China’s largest mutual fund firms, has resigned amid a personal...
Aug 12, 2024


E-commerce tycoon Colin Huang now China's wealthiest
Colin Huang, founder of PDD Holdings, has become China's richest man, with a net worth of USD48.6bn, according to the Bloomberg...
Aug 12, 2024


Singapore’s MAS chooses EY for family office compliance
The Monetary Authority of Singapore (MAS) has appointed Ernst & Young Advisory Pte. Ltd. (EY) as one of six screening service providers...
Aug 12, 2024


Philippines central bank to approve new digital banks from January 2025
The Monetary Board has approved lifting the moratorium on new digital banking licences starting January 1, 2025, allowing up to ten...
Aug 12, 2024


Vietnam sees record securities account openings
July saw a significant surge in new individual securities accounts, tripling from the previous month and hitting a two-year high. The...
Aug 9, 2024







