

Competition heats up for Thailand’s virtual bank licences
Thailand’s competition for virtual banking licences is intensifying as applications have exceeded the number of licences the central bank...
Sep 24, 2024


Thailand invites UK investment, eyes future free trade agreement
Thailand’s Commerce Minister Pichai Naripthaphan has invited British businesses to invest in Thailand, highlighting opportunities for a...
Sep 23, 2024


CPA Australia urges Hong Kong for reforms to boost financial hub status
CPA Australia has urged the Hong Kong government to enact further reforms in the upcoming Policy Address to strengthen the city’s...
Sep 23, 2024


Malaysia offers 0% tax to attract family offices to Forest City
Malaysia is offering tax incentives to attract family offices and revive interest in Forest City, a USD100bn development near Singapore....
Sep 23, 2024


Qatar’s QIA expanding into SE Asia, Australia, Korea
Qatar Investment Authority (QIA), the country’s sovereign wealth fund managing USD526bn in assets, is expanding into Australia, Korea,...
Sep 23, 2024


Hong Kong ranks eighth globally with 320 centi-millionaires
Hong Kong ranks eighth globally with 320 centi-millionaires (individuals holding more than USD100m in assets), following Beijing,...
Sep 20, 2024


Five groups compete for virtual bank licences in Thailand
Five business groups are competing for new virtual bank licences in Thailand. The Gulf consortium, consisting of Krungthai Bank, Gulf...
Sep 20, 2024


dtcpay partners with Visa to launch digital payments card in Singapore
dtcpay, a digital payments provider, has partnered with Visa to drive digital payments transformation in Singapore, according to a media...
Sep 20, 2024


Fintech rivals K bank, Toss gear up for IPOs
South Korea’s K bank is set to launch its initial public offering (IPO) in October, aiming to raise around KRW1tr (USD755m). The online...
Sep 20, 2024


Asia-Pacific leads in public equity allocations among family offices
Family offices worldwide are moving cash into bonds and equities, with nearly half expecting returns above 10% over the next year,...
Sep 19, 2024


Taiwan regulator rejects historic deal
Taiwan’s Financial Supervisory Commission (FSC) has rejected CTBC Financial Holding’s proposed USD4.1bn takeover of Shin Kong Financial...
Sep 19, 2024


Japan maintains moderate recovery outlook amid global risks
Japan’s government said on Wednesday that the economy is in moderate recovery, but remains cautious due to potential global economic...
Sep 19, 2024


Private equity AUM set to double by 2029, driven by family offices
Growing interest from family offices and individual investors will drive a 106% increase in private equity assets under management (AUM)...
Sep 19, 2024


Singapore’s MAS awards tax incentives to 1,650 single family offices by August end
The Monetary Authority of Singapore (MAS) has awarded tax incentives to about 1,650 single family offices (SFOs) as of the end of August,...
Sep 18, 2024


Financial cooperation deepens as HK, Macau link clearing systems
The monetary authorities of Hong Kong and Macau will establish a direct link between their clearing, settlement, and custodian systems to...
Sep 18, 2024


Hong Kong to unveil first AI policy for finance sector
Hong Kong’s government plans to release its first policy statement on artificial intelligence (AI) in finance, aiming to boost the...
Sep 18, 2024


Hong Kong’s family office summit draws increased global interest
Hong Kong’s efforts to attract family offices are gaining traction, evidenced by increased attendance at the latest summit hosted by the...
Sep 17, 2024


40% of Singapore firms see minimal impact from carbon tax hike
Nearly 40% of Singaporean companies reported minimal impact from the recent carbon tax hike, according to a survey by the Sustainable...
Sep 17, 2024


Record China fine on PwC shifts focus to Hong Kong’s accounting watchdog
The focus of a prolonged investigation into PricewaterhouseCoopers (PwC) shifts to Hong Kong after the accounting firm received a record...
Sep 17, 2024


Vietnam’s domestic investor accounts hit two-year high in August
Vietnam’s domestic investor accounts rose by over 330,000 in August to more than 8.6 million, the highest in over two years, data...
Sep 17, 2024

