Fitch Ratings has upgraded its outlook for the Philippine banking sector from ‘neutral’ to ‘improving,’ citing the potential for...

Sumitomo Mitsui Trust Holdings has launched a private assets investment fund with US-based Apollo Global Management amid rising demand in...

The Thai Ministry of Finance has rescinded all operating licences of cryptocurrency exchange Zipmex, citing non-compliance and financial...

The number of enterprises founded by individuals aged 60 and above hit a record high in the first quarter, despite an overall decline in...

DBS Group plans to increase its wealth business assets to SGD500bn (USD369.7bn) by the end of 2026, said Shee Tse Koon, head of the unit....

Chinese regulators are considering stricter rules on how banks sell financial products, potentially cutting off a key distribution...

JPMorgan Chase & Co.’s head of mergers and acquisitions for Southeast Asia, Johannes Roth, has left to join Citigroup Inc, according to...

UOB has announced the appointment of Richard Maloney as the new CEO of its Thailand operations starting July 1. Maloney, who joined UOB...

Mergers and acquisitions (M&A) activity in the Asia-Pacific (Apac) region has significantly declined, reaching an 11-year low of USD179bn...

Despite concerns over potential capital flight following the enactment of the national security law in 2020, Hong Kong’s financial sector...

Carlyle Group Inc. is actively exploring around 300 Japanese businesses, indicating robust private equity activity in the country....

Standard Chartered has launched its first variable capital company (VCC), Standard Chartered Funds VCC (SC Fund), in Singapore. This new...

HSBC has finalised the acquisition of Citi’s retail wealth management portfolio in mainland China, expanding its presence across 11 major...

The International Monetary Fund (IMF) has adjusted its growth forecast for the Philippines, now projecting a 6% GDP increase for this...

In response to Singapore’s largest money-laundering scandal involving over SGD3bn (USD2.22bn) laundered through 16 financial...

The Association of Banks in Singapore (ABS) launched a SGD4m (USD2.86m) Community Giveback Programme with 50 member banks including DBS,...

US officials anticipate that the Group of Seven (G7) will issue a stern warning to smaller Chinese banks at their summit in Italy on June...

Hong Kong Exchanges and Clearing deputy chief executive Wilfred Yiu encouraged investors not to be deterred by negative remarks about...

In Vietnam, May saw a resurgence in the number of new securities accounts, with 132,010 opened, predominantly by domestic investors,...

London-based HSBC is expanding its presence in Singapore with plans to open three wealth centres by early 2025, aimed at enhancing client...