

Standard Chartered lowers HK’s 2025 growth forecast to 2.2%
Standard Chartered cut its 2025 economic growth forecast for Hong Kong to 2.2%, citing weaker exports, subdued consumption, and...
Dec 12, 2024


DBS, top Japanese lenders possible bidders for Indonesia’s Panin Bank
Asian banks including DBS Group, Mitsubishi UFJ Financial Group (MUFG), and Sumitomo Mitsui Financial Group have submitted preliminary...
Dec 12, 2024


South Korea’s Hanwha launches financial AI centre in US
Hanwha Group’s financial subsidiaries have opened the Hanwha AI Center in San Francisco, marking the first AI research hub in the city by...
Dec 12, 2024


Hong Kong positioned to support ASEAN’s green transition
Lee Ho-tak, managing director of family office Cheah Capital, emphasised that ESG initiatives not only benefit society but also deliver...
Dec 11, 2024


Japan’s 2024 bankruptcies poised to hit highest level since 2013
Japan’s bankruptcy filings are on track to surpass 10,000 this year, marking the highest level since 2013, according to Tokyo Shoko...
Dec 11, 2024


China, Hong Kong regulators push for faster listings
Mainland China and Hong Kong regulators have urged major global investment banks to accelerate Chinese companies’ listings in Hong Kong,...
Dec 11, 2024


Billionaire wealth doubles to USD14tr over decade, led by tech
Billionaires’ combined wealth surged 121% over the past decade to USD14tr, according to UBS’s Billionaire Ambitions report. The number of...
Dec 11, 2024


Raffles Family Office names Abdullatif Kanoo as board advisor
Raffles Family Office (RFO) has appointed Abdullatif Mohamed Kanoo as Board Advisor to drive its strategic expansion into the Middle...
Dec 10, 2024


South Korea, Indonesia deepen general insurance partnership
South Korea’s and Indonesia’s general insurance industries are strengthening ties following a new memorandum of understanding (MOU)...
Dec 10, 2024


Temasek launches private credit platform with USD7.5bn portfolio
Singapore state investor Temasek Holdings has established a private credit platform with an initial portfolio of SGD10bn (USD7.5bn),...
Dec 10, 2024


HKMA fines CITIC unit for AML violations
Hong Kong’s banking regulator fined China CITIC Bank International HKD4m (USD510,000) for breaching anti-money laundering regulations,...
Dec 10, 2024


Singapore pushes back corporate cheque phase-out
Singapore’s central bank said it will extend the deadline for phasing out corporate cheque processing by one year to end-2026. The...
Dec 9, 2024


South Korea's financial regulator warns securities firms to brace for turbulence
South Korea’s financial watchdog urged securities firms to prepare contingency plans to handle potential market turbulence amid...
Dec 9, 2024


Beijing warns against 'worship of speed' in growth
Chinese state media warned against pushing for faster growth at all costs and emphasised boosting domestic consumption, days before next...
Dec 9, 2024


Robinhood targets APAC growth via Singapore
Robinhood Markets Inc plans to expand into Asia next year, using Singapore as its regional base, Chief Executive Vlad Tenev said at an...
Dec 9, 2024


ING names new chief economist for APAC
ING has appointed Deepali Bhargava as head of research and chief economist for Asia Pacific. Bhargava rejoins the Netherlands-based bank...
Dec 6, 2024


Wealth manager Indosuez announces Asia leadership change
Indosuez, the wealth management arm of Credit Agricole Group, said it will appoint Laurent Proutière as Asia chief executive and...
Dec 6, 2024


China’s M&A turnover slumps says UBS
China’s mergers and acquisitions (M&A) turnover dropped 10% year-to-date to USD297bn, extending a three-year decline, UBS said. However,...
Dec 6, 2024


Singapore investors believe AI investments boost productivity
Singapore-based investors see technology as the leading driver of business change over regulation, geopolitics, or supply chain...
Dec 6, 2024


Daiwa Securities targets wealthy Japanese expats in SE Asia
Japan’s Daiwa Securities Group plans to expand its services to affluent Japanese expatriates in Southeast Asia by establishing an office...
Dec 5, 2024

