NEWS

4 days ago

OECD predicts global economic slowdown in 2024

The Organisation for Economic Cooperation and Development (OECD) forecasts a slight slowdown in global economic growth next year, from...

4 days ago

HSBC Asset Management sees robust growth in Asia next year

HSBC Asset Management forecasts Asia as a bright spot for investors in 2024, with India continuing as one of the world’s fastest-growing...

4 days ago

Goldman Sachs’ asset management division focuses on Japan

Goldman Sachs’ asset and wealth management head Marc Nachmann plans to expand investments in Japanese businesses and real estate....

4 days ago

HK sees record high MPF early withdrawals by permanent departures

Data from the Mandatory Provident Fund Schemes Authority showed that the amount of early withdrawals from the Mandatory Provident Fund...

5 days ago

Global bonds surge in biggest monthly gain since 2008 crisis

Global bonds are witnessing their largest monthly gain since 2008, driven by speculation that major central banks, including the Federal...

5 days ago

OCBC names Wang Ke as new CEO for HK operations

OCBC has appointed Wang Ke as the new CEO of OCBC Hong Kong, effective December 15, succeeding Ivy Au-Yeung, who retires on December 31....

5 days ago

Foreign firms vow to invest USD2.86bn in Taiwan

Ten foreign firms have confirmed their intention to invest nearly TWD90bn (USD2.86bn) between them in Taiwan over the next three years,...

5 days ago

More than 100 foreign firms face new 15% tax rate in Vietnam

Vietnam has adopted a global minimum corporate tax rate of 15%, affecting over 100 multinational corporations, including Samsung. This...

6 days ago

Alternative asset managers poach talent from private banks

Alternative asset management firms are increasingly hiring from private banks and traditional fund groups, focusing on private wealth...

6 days ago

DBS provides USD137m green loan to Malaysia’s pension fund KWAP

DBS Bank has issued a AUD207m (USD137m) green loan to Malaysia’s Retirement Fund (KWAP) for refinancing a sustainable office tower in...

6 days ago

Indonesia launches road map to bolster Islamic banking sector

Indonesia’s central bank, the Financial Services Authority (OJK) has announced the launch of a road map for the development and...

6 days ago

New digital platform FINI aims to boost Hong Kong’s IPO scene

The Hong Kong Exchanges and Clearing (HKEX) has launched the “Fast Interface for New Issuance” (FINI), a digital platform to revitalise...

Nov 28

Mazars strengthens insurance focus with new partner in Singapore

Mazars, the Paris-based international audit, tax, and advisory firm, has strengthened its Singapore team with the appointment of Tan Yan...

Nov 28

South Korea, AIIB discuss boosting finance and infrastructure ties

South Korea and the Asian Infrastructure Investment Bank (AIIB), led by China, discussed enhancing bilateral cooperation in finance and...

Nov 28

Japan lowers economic assessment for first time in 10 months

The Japanese government has lowered its economic assessment for the first time in 10 months, highlighting a slowdown in business...

Nov 28

MPF voluntary contributions surge despite recent losses

Hong Kong residents are boosting their retirement savings by increasing contributions to the Mandatory Provident Fund (MPF), despite its...

Nov 27

Thailand lowers 2023 economic growth forecast

Thailand’s Deputy Finance Minister Krisada Chinavicharana announced a downward revision of the country’s 2023 economic growth forecast...

Nov 27

Survey reveals growing money laundering threats in Singapore

The Monetary Authority of Singapore (MAS) reports an increase in perceived money laundering and terrorism financing risks in Singapore’s...

Nov 27

Chinese wealth management giant Zhongzhi announces insolvency

Zhongzhi Enterprise, a major Chinese wealth management group, has announced insolvency, with liabilities estimated between USD58bn to...

Nov 27

Philippine fintech growth fueled by ESG-focused investments

The Philippine fintech sectors growth is expected to be driven by investments focusing on environmental, social, and governance (ESG)...

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