Seoul ranks 19th globally, with over 80,000 millionaires, according to the 2024 World’s Wealthiest Cities report by Henry & Partners and...

Global investment manager TPG has successfully raised approximately USD8bn for its Asia-focused private equity and real estate funds,...

Hong Kong Chief Executive John Lee Ka-chiu emphasised three aspirations for the city’s financial sector at a forum focused on the...

Singapore has passed a bill to expand the Cyber Security Agency’s (CSA) oversight of critical and high-risk computer systems, including...

Two central bank chiefs from Asian financial hubs expressed concerns about the risks artificial intelligence (AI) might pose to financial...

Hong Kong will host the third annual Global Financial Leaders’ Investment Summit from November 18 to 20, as reported by the SCMP...

JPMorgan has initiated another round of layoffs in Asia, cutting at least seven investment-banking positions across the consumer, energy,...

Hanwha Life, part of South Korea’s Hanwha Group, has acquired a 40% stake in Indonesia’s Nobu Bank, marking its first venture into the...

FleishmanHillard’s The Future of Asset Management in Asia 2024 report reveals Asian investors are diversifying their portfolios amid...

The Philippines and Cambodia have completed the draft of a double taxation agreement (DTA), announced by the Department of Finance on...

Nomura Holdings Inc. is targeting a 20% revenue increase for its global markets unit over the coming years, moving past setbacks like the...

Citi has appointed Damien Tan as the head of its corporate banking division in Singapore, effective May 1. In this role, Tan will lead...

GX Bank Berhad (GXBank), backed by Grab, alongside Zurich General and Life Insurance Malaysia, has announced a decade-long exclusive...

The Philippines’ central bank has introduced a new requirement for financial institutions to report money laundering and terrorist...

European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau advocates for central banks to adopt digital currencies...

Hong Kong’s economy grew by 2.7% in the first quarter of 2024, exceeding market expectations of 0.8% growth but slower than the 4.3% seen...

Environmental, social, and governance (ESG) bond issuances in Southeast Asia have seen a significant uptick in early 2024, with proceeds...

AEON Bank, Malaysia’s inaugural Islamic digital bank, has partnered with Visa to revolutionise digital payments and enhance cashless...

Real estate company JLL has announced the appointment of Taeho Yi as the new country manager for South Korea, effective June 2024. Based...

The Monetary Authority of Singapore (MAS) announced today that it will not extend the operational pause imposed on DBS Bank Ltd, which...