

Six firms to raise USD429m in Hong Kong IPO rush
Hong Kong’s IPO market is showing signs of revival, with at least six companies planning to raise HKD3.3bn (USD429m) through listings by...
Jan 2, 2025


South Korea expands support for trade-hit firms
South Korea will implement a new trade rule to expand support for companies affected by trade agreements, the industry ministry said. The...
Jan 2, 2025


Philippines Insurance Commission sets rules for MBA valuations
The Philippines Insurance Commission (IC) plans to set valuation standards for mutual benefit associations’ (MBA) policy reserves. A...
Jan 2, 2025


Vietnam enacts major economic reforms from January 1, 2025
Starting January 1, several key economic policies will take effect in Vietnam, including new transport regulations, tax adjustments, and...
Jan 1, 2025


Hong Kong expands tax perks to attract family offices
Hong Kong’s plan to expand tax concessions for single-family offices aims to strengthen its position as a hub for high-net-worth...
Jan 1, 2025


Xi projects 5% GDP growth for China in 2024
China’s gross domestic product is projected to grow around 5% in 2024, President Xi Jinping said, signaling the economy is on track to...
Jan 1, 2025


Ex-oil tycoon OK Lim declared bankrupt in Singapore
Former oil tycoon Lim Oon Kuin, founder of Hin Leong Trading, has been declared bankrupt in Singapore alongside his children, who were...
Jan 1, 2025


OCBC sells stake in Hong Kong Life Insurance for USD76m
OCBC has agreed to sell its 33.3% stake in Hong Kong Life Insurance to Yue Xiu Enterprises for HKD589.3m (USD76m). The stake, held...
Dec 31, 2024


Hong Kong Investment Co names managers for revived investor visa fund
Hong Kong Investment Corporation has named four fund managers and a service provider for the New Capital Investment Entrant Scheme, part...
Dec 31, 2024


Malaysian regulator reprimands Bybit over unregistered exchange
Malaysia’s Securities Commission (SC) reprimanded Bybit Technology Limited and CEO Ben Zhou for operating a digital asset exchange...
Dec 31, 2024


Vietnam’s big four banks report strong 2024 results
Vietnam’s four largest banks—BIDV, Vietcombank, VietinBank, and Agribank—reported positive preliminary results for 2024, with asset...
Dec 31, 2024


Private equity heavyweights battle for Japan’s Seven & i assets
KKR and Bain Capital offered more than USD5bn each in first-round bids for non-core assets of Seven & i Holdings, sources said. KKR...
Dec 30, 2024


Hong Kong banks chase relationship managers, due diligence & data professionals
Relationship managers, customer due diligence officers and data analysts rank among Hong Kong’s hottest roles, say human resource...
Dec 30, 2024


South Korean main business lobby solicits support for local economy
South Korea’s main business lobby has sent letters this week urging support for the Korean economy from 33 global counterparts amid...
Dec 30, 2024


Vietnam approves new credit rating providers
Vietnam's Ministry of Finance has granted credit rating certificates to five companies, including the newly added Thien Minh Credit...
Dec 30, 2024


China approves new VAT law, effective 2026
China passed a value-added tax (VAT) law that will take effect on January 1, 2026, consolidating existing regulations and retaining exemptions for certain items. VAT is China’s biggest tax category, contributing about 38% of national tax revenue in 2023, according to official data. The newly approved law allows exemptions for some agricultural products, imported scientific research equipment, selected goods for the disabled, and services provided by welfare institutions. The
Dec 27, 2024


Japan central bank remains cautious on rate hikes
Bank of Japan governor Kazuo Ueda has made cautious remarks, signalling no rate hike next month, prompting the yen to weaken. Ueda said...
Dec 27, 2024


Crypto outpaces stocks in South Korea, new highs reached
South Korea’s crypto market surged in November, with trading volumes rivalling the stock market and over 15 million accounts, fuelled by...
Dec 27, 2024


New crypto regulations could spark Philippines market growth
The Philippine Securities and Exchange Commission’s draft rules for crypto asset service providers could boost investor protection and...
Dec 27, 2024


More digital assets firms pick Singapore over Hong Kong
Singapore advanced its push to become a digital assets hub in 2024, outpacing Hong Kong, which has struggled to gain momentum. Singapore...
Dec 26, 2024

