

Singapore-Malaysia joint raid busts Johor money laundering syndicate
Singapore and Malaysian police dismantled a Johor Bahru-based money laundering syndicate linked to scam operations, arresting twelve...
Aug 19, 2024


South Korea-Japan finance chiefs to meet in Tokyo next month
South Korea’s Financial Services Commission Chairman Kim Byoung-hwan is set to meet Japan’s Financial Services Agency Commissioner Hideki...
Aug 19, 2024


Family offices shift from cash to bonds and stocks in Q2 2024
In the second quarter of 2024, global family offices reduced their cash holdings to increase investments in fixed income and equities,...
Aug 19, 2024


Capital Group names Stella Xu as Greater China institutional head
Capital Group, a leading US-based asset manager with over USD2.7tr in assets, has appointed Stella Xu as head of institutional business...
Aug 16, 2024


Japan’s GDP surges 3.1%, beating forecasts
Japan’s economy grew by an annualized 3.1% in April-June, surpassing expectations due to a solid rise in consumption, according to data...
Aug 16, 2024


HKMA introduces AI sandbox to boost fintech innovation
The Hong Kong Monetary Authority (HKMA) and Hong Kong Cyberport Management Company launched the Generative Artificial Intelligence...
Aug 16, 2024


Taiwan’s financial sector cuts China exposure by 8.9%
Taiwan’s financial services companies reduced their exposure to China by 8.9% year-on-year to NTD1.02tr (USD31.41bn) at the end of last...
Aug 16, 2024


Singapore banks to explore quantum security
The Monetary Authority of Singapore (MAS), along with DBS, HSBC, OCBC, UOB, SPTel, and SpeQtral, has signed a Memorandum of Understanding...
Aug 15, 2024


Adrian Cheng predicts Hong Kong's wealth boom
Hong Kong is rapidly emerging as a top global financial center, attracting the world's wealthiest individuals. Adrian Cheng, CEO of New...
Aug 15, 2024


Simon Cheung to lead Neuberger Berman's family office push in Asia
Neuberger Berman has appointed Simon Cheung as Senior Vice President to lead its single family office efforts in Hong Kong and Southeast...
Aug 15, 2024


CIMB, Maybank fined for e-banking disruptions in Malaysia
Malaysia's central bank, Bank Negara Malaysia (BNM), announced on Wednesday that it has imposed penalties on CIMB Bank Berhad, CIMB...
Aug 15, 2024


Thailand’s insurance regulator tightens actuarial standards
Thailand’s Office of the Insurance Commission (OIC) plans to establish a screening committee to suspend or revoke actuarial licences to...
Aug 14, 2024


Singapore ranks 7th for costly prime office spaces
Singapore ranks as the seventh most expensive market for prime office space, according to Savills. London’s West End leads with an annual...
Aug 14, 2024


Key US-China economic officials to meet in Shanghai
Senior US and Chinese economic officials will meet in Shanghai on Aug. 15-16 for the first time since China outlined its long-term...
Aug 14, 2024


Sydney to host Australia's largest ASEAN business summit
Sydney will host Australia's largest-ever business summit for ASEAN nations on August 29-30, drawing up to 500 delegates. The 2024...
Aug 14, 2024


SMBC expands Jefferies Financial stake, targets 15% ownership
Jefferies Financial Group announced that Japan’s Sumitomo Mitsui Banking Corp (SMBC) has increased its stake in the US investment bank to...
Aug 13, 2024


Thailand forms committee for financial hub
The Finance Ministry is forming a 34-member committee, chaired by Deputy Finance Minister Paopoom Rojanasakul, to develop policies and...
Aug 13, 2024


Foreign investors withdraw billions from China in Q2
Foreign investors withdrew a record amount from China last quarter, reflecting deep pessimism about the world's second-largest economy....
Aug 13, 2024


Singapore Q2 GDP grows 2.9%, exceeding expectations
Singapore's economy grew 2.9% year-on-year in the April-June quarter, matching official estimates and exceeding market expectations,...
Aug 13, 2024


Top China fund executive resigns amid probe
Henry Zhao Xuejun, long-time chairman of Harvest Fund Management, one of China’s largest mutual fund firms, has resigned amid a personal...
Aug 12, 2024

