

Philippine economy surges 6.3% in Q2 2024
Philippine economic growth surged to 6.3% in Q2 2024, up from 4.3% last year, and higher than the 5.8% in Q1, reported National...
Aug 9, 2024


Business leaders rally to support Hong Kong as a global financial hub
Business leaders, lawmakers, and academics in Hong Kong are backing the city’s efforts to seize opportunities in offshore yuan financing,...
Aug 9, 2024


Chinese regulators limit duration of new bond funds
Chinese regulators are restricting the duration of new bond funds to curb investment in long-dated treasuries amid efforts to cool a bond...
Aug 9, 2024


Hong Kong does not need new virtual banks – HKMA
The Hong Kong Monetary Authority (HKMA) sees no need for new players in the city’s virtual banking sector and has launched a one-month...
Aug 8, 2024


DBS names first woman CEO
DBS Group Holdings Ltd. announced Tan Su Shan will succeed Piyush Gupta as CEO in March, becoming the first woman to lead Southeast...
Aug 8, 2024


Singapore’s top banks boost earnings from wealthy clients
Singapore’s biggest banks are benefiting from the wealthy’s appetite to shift assets and trade in the Asian wealth hub, boosting...
Aug 8, 2024


BlackRock appoints Ueda as Asia Pacific COO
US asset management giant BlackRock has appointed Tomoko Ueda as chief operating officer for Asia Pacific, effective September 3. Ueda...
Aug 8, 2024


Taiwan’s financial regulator cautions banks on China operations
Taiwan’s financial regulator has warned bank employees in China to be cautious of their remarks following Beijing’s expansion of laws...
Aug 7, 2024


HKMA initiates banking system overhaul
The HKMA will allow deposit-taking companies (DTCs) to roll over their deposits upon conversion to restricted licensed banks. DTCs, the...
Aug 7, 2024


CITI Wealth names Yeo Wenxian head of wealth for Asia South
CITI Wealth announced the appointment of Yeo Wenxian as the new head of wealth for Asia South and CEO of Citibank Singapore, effective...
Aug 7, 2024


Innovative insurance from AXA covers extreme heat in Hong Kong
AXA has introduced a novel heatwave-related insurance product in Hong Kong, offering coverage to outdoor workers as summer intensifies....
Aug 7, 2024


Woori returns to investment banking after 10-year hiatus
Woori Investment & Securities, part of Woori Financial Group, has launched as a mid-tier brokerage, marking its reentry into the sector...
Aug 6, 2024


Knight Frank: Hong Kong rising as family office centre
Hong Kong is set to grow as a family office hub due to legislative changes and challenges in rival hubs, as highlighted by a Knight Frank...
Aug 6, 2024


BlackRock strengthens Chinese team with key investment role changes
BlackRock’s Chinese fund management subsidiary has announced key personnel changes to enhance its investment team. Lu Wenjie is now the...
Aug 6, 2024


Chinese regulators push state firms to drop PwC as auditor
Chinese regulators have asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor due to its work for...
Aug 6, 2024


Prudential names Angel Ng as Greater China CEO
Prudential has appointed Angel Ng, a former senior leader at Citi, as the new CEO for its Greater China, customer, and wealth businesses....
Aug 5, 2024


JP Morgan merges Japanese equity trusts into GBP1bn Portfolio
JP Morgan Asset Management is merging two of its Japanese equity-focused trusts, JPMorgan Japanese and JPMorgan Japan Small Cap Growth &...
Aug 5, 2024


Family offices drive APAC hotel investment surge
Family offices are driving a surge in hotel investments in the Asia-Pacific region, with a 19% increase in transactions totaling USD5.7bn...
Aug 5, 2024


Raffles Family Office names new board advisor
Raffles Family Office (RFO) has appointed Dr. Niti Nerngchamnong as a board advisor to enhance family governance and succession planning....
Aug 5, 2024


Northern Trust expands Singapore team with key appointments
Northern Trust has appointed Kai Jebens as head of client development for Southeast Asia and Chris Vera as senior digital solutions...
Aug 2, 2024







