

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


E-commerce tycoon Colin Huang now China's wealthiest
Colin Huang, founder of PDD Holdings, has become China's richest man, with a net worth of USD48.6bn, according to the Bloomberg...
Aug 12, 2024


Singapore’s MAS chooses EY for family office compliance
The Monetary Authority of Singapore (MAS) has appointed Ernst & Young Advisory Pte. Ltd. (EY) as one of six screening service providers...
Aug 12, 2024


Philippines central bank to approve new digital banks from January 2025
The Monetary Board has approved lifting the moratorium on new digital banking licences starting January 1, 2025, allowing up to ten...
Aug 12, 2024


Vietnam sees record securities account openings
July saw a significant surge in new individual securities accounts, tripling from the previous month and hitting a two-year high. The...
Aug 9, 2024


Philippine economy surges 6.3% in Q2 2024
Philippine economic growth surged to 6.3% in Q2 2024, up from 4.3% last year, and higher than the 5.8% in Q1, reported National...
Aug 9, 2024


Business leaders rally to support Hong Kong as a global financial hub
Business leaders, lawmakers, and academics in Hong Kong are backing the city’s efforts to seize opportunities in offshore yuan financing,...
Aug 9, 2024


Chinese regulators limit duration of new bond funds
Chinese regulators are restricting the duration of new bond funds to curb investment in long-dated treasuries amid efforts to cool a bond...
Aug 9, 2024


Hong Kong does not need new virtual banks – HKMA
The Hong Kong Monetary Authority (HKMA) sees no need for new players in the city’s virtual banking sector and has launched a one-month...
Aug 8, 2024


DBS names first woman CEO
DBS Group Holdings Ltd. announced Tan Su Shan will succeed Piyush Gupta as CEO in March, becoming the first woman to lead Southeast...
Aug 8, 2024


Singapore’s top banks boost earnings from wealthy clients
Singapore’s biggest banks are benefiting from the wealthy’s appetite to shift assets and trade in the Asian wealth hub, boosting...
Aug 8, 2024


BlackRock appoints Ueda as Asia Pacific COO
US asset management giant BlackRock has appointed Tomoko Ueda as chief operating officer for Asia Pacific, effective September 3. Ueda...
Aug 8, 2024


Taiwan’s financial regulator cautions banks on China operations
Taiwan’s financial regulator has warned bank employees in China to be cautious of their remarks following Beijing’s expansion of laws...
Aug 7, 2024

