

40% of Taiwanese workers face financial difficulties despite wage hike
In Taiwan, workers earned an average monthly wage of TWD47,000 (USD1,443) this year, marking a 5.4% increase from last year, hitting a...
Jun 28, 2024


Natixis CIB forms strategic alliance with Woori Bank in Seoul
Paris-based Natixis Corporate & Investment Banking (Natixis CIB) has formed a strategic alliance with Korea’s Woori Bank following the...
Jun 28, 2024


Standard Chartered expands investment management in Singapore
Standard Chartered has bolstered its discretionary portfolio management (DPM) and fixed income teams in Singapore with four strategic...
Jun 28, 2024


Hong Kong’s new eMPF platform to cut MPF fees by 36%
Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu, urges employers and Mandatory Provident Fund (MPF) scheme...
Jun 27, 2024


KPMG-HKIFA report highlights Hong Kong’s asset management future
The Chinese mainland market remains crucial for Hong Kong’s asset managers, with demographic changes and an evolving investment landscape...
Jun 27, 2024


Vietnam to surpass Q1 GDP growth in Q2, says PM
Vietnamese Prime Minister Pham Minh Chinh announced at the World Economic Forum in China that Vietnam’s GDP growth for the second quarter...
Jun 27, 2024


Singapore tightens anti-money laundering laws
Singapore will enhance its anti-money laundering laws, allowing the sale of seized assets before court cases conclude and extending...
Jun 27, 2024


Mirae Asset unveils monthly income ETF for retirement
Mirae Asset Global Investments, Korea’s leading asset management firm, will launch the Tiger US Nasdaq-100+ 15% Premium Daily Option ETF...
Jun 26, 2024


Singapore remains most expensive city for wealthy in 2024
Singapore remains the most expensive city for high-net-worth (HNW) individuals for the second year, according to Julius Baer’s Global...
Jun 26, 2024


China moves to prevent financial collapses with new fund
China plans to establish a rescue fund worth hundreds of billions of yuan to prevent financial institution collapses due to the real...
Jun 26, 2024


Japan penalises MUFG for client confidentiality breach
Japan’s financial regulator penalised Mitsubishi UFJ Financial Group Inc.’s banking unit and two joint ventures for violating client...
Jun 26, 2024


HKIFA’s 17th conference focuses on empowerment, change
The HKIFA 17th Annual Conference took place on June 24, featuring the theme “Em–,” which signifies the industry’s new chapter with ideas...
Jun 25, 2024


World Bank calls for Indonesia tax overhaul
Indonesia’s President-elect Prabowo Subianto must enhance tax reforms to address the widening fiscal deficit, World Bank officials said....
Jun 25, 2024


Hong Kong’s Insurance Authority warns of unlicensed sellers
The Insurance Authority has warned the public, especially mainland visitors, against unlicensed insurance selling. Peter Gregoire, head...
Jun 25, 2024


UBS sells partial stake in China venture to BSAM
UBS is selling a partial stake in one of its securities joint ventures to Beijing State-owned Asset Management (BSAM) as it consolidates...
Jun 25, 2024


Southeast Asia tech funding plummets 65% in H1 2024
In the first half of 2024, Southeast Asia (SEA) tech companies raised USD1.6bn, a 65% drop from USD4.5bn in H1 2023, and 37% lower than...
Jun 24, 2024


Hong Kong jobless rate unchanged at 3% in March-May
Hong Kong’s unemployment rate remained steady at 3% for the March-May period, despite a 2.2% increase in the unemployed population to...
Jun 24, 2024


S&P cuts Philippines 2024 GDP outlook to 5.8%
S&P Global Ratings lowered its GDP forecast for the Philippines, predicting 5.8% growth for 2024, down from 5.9%, and 6.1% for 2025, down...
Jun 24, 2024


54% of Japanese managers plan crypto investments
Crypto demand is rising in Japan, with 54% of investment managers planning to invest in digital assets over the next three years,...
Jun 24, 2024


AI to displace more finance jobs than any other sector: Citi
Citigroup Inc. predicts artificial intelligence (AI) will displace more banking jobs than in any other sector, transforming consumer...
Jun 21, 2024







