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02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )

Retail Asia17/02/2022

Swiss consumer lending specialist Cembra Money Bank posted record profits last year. The credit card business in particular grew. Cembra’s net income increased 6 percent to 161.5 million Swiss francs in 2021, even though revenues decreased 2 percent to 487.0 million Swiss francs, the bank said Wednesday in announcing its annual results. CEO Holger Laubenthal said the robust […]

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Retail Asia15/02/2022

Switzerland and Singapore, the often called Switzerland of Asia, are looking towards financial sector digitalization. A conference slated for June in Zurich seeks to do just that. The Point Zero Forum» intends to bring public sector leaders together with top private sector counterparts in businesses and finance, from June 21 to 23 in Zurich, Switzerland’s […]

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Retail Asia15/02/2022

New money is flooding private banks although it is not necessarily from millionaires. The catchphrase is potential. Last year was a record one for Swiss private banking, as one institute after another reported a historic high. There is a key metric that sticks out, and one that the sector had difficulty with until recently. Invested […]

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Retail Asia15/02/2022

A year ago, HSBC’s Swiss private bank was still considering Geneva as a growth market. Now it is cutting jobs and reducing its office space in Geneva. After a bad year for Swiss private bank HSBC in which wealthy clients withdrew a net $1 billion, it is cutting 110 jobs in Switzerland and reducing office […]

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Retail Asia14/02/2022

Cryptocurrency player Binance is going old school, making a $200 million investment in media brand Forbes via a SPAC investment. Forbes is set to go public by the end of the first quarter via an acquisition by Magnum Opus Acquisition Ltd., which is a special purpose acquisition company (SPAC) already listed on the New York […]

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Retail Asia10/02/2022

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Play-to-Earn games where participants convert digital credits into real-world money are gaining in popularity and are the gaming industry’s next big thing. Blockchain-based technology is upending the gaming industry. Until recently, regular games didn’t offer monetary compensation to gamers. Instead, proceeds flowed to game platforms. These new types of play-to-earn games are an early iteration […]

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Retail Asia08/02/2022

Gold prices in Vietnam hit a new peak Monday ahead of the God of Wealth Day amid surging demand. Saigon Jewelry Company (SJC) sold its gold at VND63.5 million ($2,801.49) per tael Monday afternoon, up 1.02 percent from Friday. A tael equals 37.5 grams or 1.2 ounces. Prices at another major reseller, DOJI, stood at […]

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Retail Asia08/02/2022

Credit Suisse used complex derivatives to offload the risks of billions in loans to oligarchs and tycoons to hedge funds. Credit Suisse securitized a portfolio of loans linked to the yachts and private jets of its wealthiest clients using derivatives, allowing the bank to offload the risks from lending to ultra-wealthy oligarchs and entrepreneurs. The […]

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Retail Asia08/02/2022

Kasikornbank (KBank) has risen to the forefront as a world-class Bank of Sustainability after it was awarded the prestigious S&P Global Sustainability Award with Gold Class distinction in recognition of its distinctive performance that has harmoniously integrated environment, social and economic/governance (ESG) aspects into its operations. The Bank has also demonstrated its commitment to developing […]

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Retail Asia07/02/2022

A neobank that doesn’t exist in Switzerland is its fastest-growing and has the most clients. Revolut is Switzerland’s fastest growing Neobank among the eight actors in the country, the results of a survey, revealed Friday. Moreover, the bank has the most clients in the country which is amazing for a neobank that doesn’t actually exist in […]

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Retail Asia07/02/2022

The VN-Index began the new lunar year with a 1.5-percent jump Monday morning, led by aviation and energy stocks. It gained 22 points to 1,503 points at 11.20 as the market reopened after the nine-day Tet break, reaching a near four-week high. It represents a 4.1-percent recovery from the bottom of 1,439 points reached on January […]

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Retail Asia04/02/2022

The Swiss Bitcoin Association recommends the first technical standards for simplified payment verification (SPV) using digital currencies, eliminating the need to download entire the blockchain for transactions. Switzerland’s Bitcoin SV Technical Standards Committee today recommended its first digital currency standard for simplified payment verification (SPV), enabling transactions to occur without having to download the entire blockchain. This standardized […]

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Retail Asia03/02/2022

Following the integration of ID cards and driver’s licenses into Apple Wallet, it looks that the next thing to find its way into Apple Wallet will be workplace authorization cards. Customers and employees who visit the 7 World Trade Center will now be able to use an employee badge stored in their Apple Wallet app […]

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Retail Asia03/02/2022

UBS Europe is adding a senior client advisor from Deutsche Bank to its wealth management team in Hamburg, catering to its growing client base there. Switzerland’s biggest bank is hiring Joerg Wilke as a senior client advisor for the rich and super-rich based in Hamburg, effective immediately, according to an article in Private Banking Magazin. Wilke, who advised high-net-worth […]

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Retail Asia02/02/2022

Switzerland’s biggest bank posts its best results in 15 years and lays down new environment, social, and governance goals. UBS reports net profit for the fourth quarter of $1.3 billion, up 17 percent from the same quarter in the previous year, the bank says in its earnings report Tuesday. Results were supported by favorable market conditions, enabling […]

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Retail Asia02/02/2022

After last year’s strong financial results Switzerland’s largest bank will struggle to outdo its previous performance as market conditions turn and markets get off to a bad start in 2022. UBS’s financial results for the financial year 2021 exceeded expectations by far, even considering the large provisions it had to make for various legal cases, […]

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Retail Asia31/01/2022

A cafe in northeast Thailand has become home to cryptocurrency traders, adding banks of screens showing the latest market moves and dishing out investment advice alongside coffee and cake. Behind a calm exterior of cherry blossom trees, customers of HIP Coffee & Restaurant stare at their laptops, supping nervously on iced coffee – part of […]

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Retail Asia28/01/2022

Public Bank Vietnam Limited has announced its cooperation with global payment technology company Visa to launch international debit and credit payment cards. Public Bank Vietnam’s latest offering is integrated with the convenience of contactless payment features and secured 3D Secure 2.0 authentication technology. The bank’s credit card range includes Public Bank Vietnam Visa Classic, Public […]

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Retail Asia27/01/2022

UBS has agreed to acquire California-headquartered digital-only wealth platform Wealthfront, amidst broader plans to tap into the affluent segment worldwide. UBS has signed an agreement to acquire Wealthfront in an all-cash transaction valued at $1.4 billion, according to a statement. The deal will allow UBS to accelerate its growth plans in the U.S., increase reach into […]

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Retail Asia26/01/2022

Samsung has announced the S3B512C security chip, its new fingerprint security chip developed in partnership with Mastercard, designed primarily for payment cards. According to the company, the chip is the ‘industry’s first all-in-one security chip solution’ and would be able to provide faster and safer interactions while making purchases. Because Samsung’s chip uses biometric authentication, the chip […]

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