

Global growth slows amid geopolitical tensions according to IFF report
The 2024 IFF Global Finance and Development Report forecasts global economic growth to remain sluggish at 3.2% in 2024, hindered by...
Nov 27, 2024


South Korean insurers' net profit rises 13% on higher sales
South Korean insurance companies’ combined net profit increased by 13.2% in the first nine months of the year, boosted by higher sales...
Nov 27, 2024


Singapore Gulf Bank seeks USD50m funding, plans stablecoin acquisition
Singapore Gulf Bank aims to raise at least USD50m in a funding round and plans to acquire a stablecoin payments company next year,...
Nov 27, 2024


Vietnam's banks face challenges meeting online lending targets
Vietnam's banking industry is struggling to meet its online consumer lending targets by 2025 due to the absence of an independent...
Nov 26, 2024


CapTech2024 summit kicks off in Sydney
The CapTech2024 main summit took place on November 26, 2024, at the International Convention Centre Sydney. The global event aimed to...
Nov 26, 2024


Chinese firms turn to family offices amid economic slowdown
Chinese and Hong Kong companies facing a slowdown in China's economy are establishing family office businesses to create new revenue...
Nov 26, 2024


Hong Kong ranks second globally in number of billionaires
Hong Kong has the world's second-highest number of billionaires after New York, according to a report by Altrata on the distribution of...
Nov 26, 2024


Hong Kong wealth managers bullish despite global challenges
Hong Kong's private wealth management sector remains optimistic about its five-year outlook, driven by opportunities from mainland...
Nov 25, 2024


Barclays to establish private banking booking centre in Singapore
UK-based Barclays announced plans to set up a private banking booking centre in Singapore, aiming to make it operational by 2026. The...
Nov 25, 2024


Indonesia bourse proposes minimum IPO proceeds to boost liquidity
The Indonesia Stock Exchange (IDX) plans to introduce a minimum proceeds requirement for initial public offerings (IPOs) as part of...
Nov 25, 2024


Malaysia, South Korea agree to boost economic cooperation
Malaysian Prime Minister Datuk Seri Anwar Ibrahim has invited South Korean investors to explore opportunities in Malaysia to enhance...
Nov 25, 2024


IMF warns trade tensions threaten Asia's economic prospects
The International Monetary Fund (IMF) cautioned that escalating trade tensions and retaliatory tariffs could undermine Asia's economic...
Nov 22, 2024


Morgan Stanley opens new SE Asia headquarters in Singapore
Morgan Stanley has officially opened its new Southeast Asia headquarters in Singapore, reinforcing its commitment to the region's growth...
Nov 22, 2024


Blackstone launches wealth manager certification with PWMA in HK
Blackstone, the world's largest alternative asset manager, has partnered with the Private Wealth Management Association (PWMA) to...
Nov 22, 2024


Asset management firm Apollo opens Seoul office, names Korea head
US-based asset management firm Apollo announced the opening of its Seoul office as part of its expansion in the Asia-Pacific region. The...
Nov 22, 2024


Singapore sees 44.6% surge in financial claims scam cases rise
Singapore's Financial Industry Disputes Resolution Centre (Fidrec) handled 2,162 financial claims from July 1, 2023, to June 30, 2024,...
Nov 21, 2024


IMF cuts South Korea's 2025 growth forecast to 2%
The International Monetary Fund (IMF) lowered its economic growth forecast for South Korea to 2% for 2025, down from 2.2% projected in...
Nov 21, 2024


Malaysia’s family office hub plan progressing
Malaysia's initiative to transform Forest City into a hub for family offices is progressing, with official incentives and criteria set to...
Nov 21, 2024


Hanwha Life to acquire 75% stake in US securities firm Velocity Clearing
South Korea's Hanwha Life Insurance Co. said it has signed an agreement to acquire a 75% stake in US-based securities firm Velocity...
Nov 21, 2024


China supports HK’s growth as international financial hub
Chinese Vice Premier He Lifeng pledged to boost Hong Kong's competitiveness through investment in innovation and stronger financial...
Nov 20, 2024

