APAC Bank Fraud Risks Rise with Scams and Mule Accounts, FICO Reports
Scams and money mule accounts have overtaken traditional fraud as the primary threat to banks in Asia-Pacific, according to a FICO survey...
Jul 30
Airwallex MAS Licence Secured for Yield Investment Product in Singapore
Airwallex has obtained a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore, allowing it to launch its...
Jul 30
Singapore IFAs Gain Market Share as Investment-Linked Policies Soar
Independent financial advisers (IFAs) in Singapore are capturing a larger share of the life insurance market as demand for personalised...
Jul 23
Koo Yun-cheol Unveils AI and Tax Reforms as South Korea Finance Minister
Koo Yun-cheol has taken office as South Korea’s Deputy Prime Minister and Finance Minister, ending a three-month leadership gap. He now...
Jul 23
China’s Q2 GDP hits 5.2% amid weak consumption and trade concerns
China’s economy expanded 5.2% year-on-year in Q2 2025, according to official data, matching expectations despite subdued domestic demand...
Jul 16
Singapore Named World’s Most Expensive City for Third Year
Singapore has retained its title as the world’s costliest city for the third consecutive year, according to the Julius Baer Global Wealth...
Jul 16
Singapore Slaps Fines on Nine Banks Over USD2.4bn Laundering Case
The Monetary Authority of Singapore (MAS) has fined nine financial institutions a combined SGD27.45m for anti-money laundering lapses...
Jul 9
Philippine FSCC Monitors Financial Risks Amid Global Volatility
The Philippines’ Financial Stability Coordination Council (FSCC) is closely monitoring evolving risks to the financial system amid...
Jul 9
Malaysia Consults on Stronger Rules for Digital Asset Exchanges
Malaysia’s Securities Commission (SC) has launched a public consultation to strengthen regulations governing Digital Asset Exchanges...
Jul 2
South Korea’s MG Non-Life Insurance May Re-Enter Market After Sale Collapse
Financially troubled MG Non-Life Insurance may be put up for sale again after tentative agreement between the Financial Services...
Jul 2
HKMA urges caution on stablecoin investments
The Hong Kong Monetary Authority (HKMA) has cautioned that stablecoins should not be viewed as investment assets, but rather as payment...
Jun 25
Japanese banks evacuate staff from Middle East as tensions escalate
Japanese banks are relocating staff from the Middle East following US military strikes on Iran’s nuclear facilities and escalating...
Jun 25
HKMA targets regulated stablecoin framework in coming years
The Hong Kong Monetary Authority (HKMA) aims to establish a reliable, regulated stablecoin environment within a few years, following the...
Jun 18
Thai insurance sector seen to continue growth in H2
Muang Thai Life Assurance expects Thailand’s insurance sector to grow steadily in H2 2025 despite global uncertainties and the adoption...
Jun 18
HK-Mainland fast payment link to begin mid-year with quotas
Cross-border fast payment services between Hong Kong and mainland China are expected to launch by mid-2025, the Hong Kong Monetary...
Jun 11
Japan’s Nomura to close China branch
Japan’s Nomura plans to close its Zhejiang branch in mainland China by the end of 2025, Bloomberg reported, citing unnamed sources. The...
Jun 11
South Korea’s new president faces fragile economy
South Korea’s new president faces a fragile economy marked by declining investment, weak consumption, and rising external trade...
Jun 4
Grab to enter Singapore's motor insurance market
GrabInsure, the insurance arm of Grab, is preparing to enter Singapore’s motor insurance market following its receipt of a general...
Jun 4
Thailand pushes for market reform to entice more investments
Thailand’s government plans to revise stock market investment rules to boost capital market activity, Finance Minister Pichai...
May 28
Chief economists at HK major banks Hang Seng and BEA exit
The chief economists of Hang Seng Bank and Bank of East Asia have resigned, citing personal reasons, according to statements from the...
May 28
