Don't Miss:
04. May 2024
ABOUTADVERTISE CONTACT
   

Category: Finance

Retail Asia05/11/2021
mobile-Payment-1280x761.jpg
Finance

ZaloPay reports losses of $36.5 mln

1min0
Zion JSC, which owns e-payment service ZaloPay, said it racked up losses exceeding VND840 billion ($36.5 million) in the first nine months this year. Incurring losses of VND667 billion last year, Zion has heavily invested in boosting ZaloPay coverage, competing with other payment intermediaries in recent years. Vietnamese online gaming giant VNG, which holds a […]
CONTINUE READING
Retail Asia05/11/2021
DBS-1024x768.jpeg
Finance

Lower Allowances Fuel DBS Profit Growth

2min0
An improved credit environment coupled with lower allowances enabled DBS to post a surge in third quarter profits. DBS registered a 31 percent year-on-year increase in net profit to S$1.7 billion ($1.26 billion) for the third quarter, according to its latest results. Not unlike its peers, this was driven primarily by a significant improvement in […]
CONTINUE READING
Retail Asia04/11/2021
DBS-1024x768.jpeg
Finance

DBS to Ramp Up Intelligent Banking Capabilities

2min0
The bank is setting aside more funds to bolster infrastructure, talent and technology to deliver hyper-personalized experiences to better serve wealthy and retail customers. DBS Bank aims to boost hyper-personalized experiences across its digital and physical touchpoints and will be investing S$300 million ($222 million) over the next year to boost its digital and intelligent […]
CONTINUE READING
Retail Asia04/11/2021
www.themalaymailonline.comsingapore_skyline_2015092-70d3232286aee4e63574e4cd88c58e6db176eeb1-1024x1024.jpg
Finance

VanEck Expands in Singapore

1min0
New York-headquartered fund house VanEck expands in Singapore with the hire of a new marketing manager. VanEck hires Tiffany Tan as a marketing manager based in Singapore, according to a statement. Prior to joining, Tan was an investment writer at Nikko Asset Management Group. Previously, she also worked for Eastspring Investments as a fixed income portfolio specialist […]
CONTINUE READING
Retail Asia03/11/2021
StanChart-2-1280x832.jpg
Finance

StanChart Profits Surge on Lower Credit Impairments

1min0
Significantly lower credit impairments coupled with positive business momentum led to a surge in Standard Chartered’s pre-tax profits for the third quarter. Standard Chartered posted $1.075 billion in pre-tax profits for the third quarter, according to its latest results, marking a 44 percent year-on-year increase. Not unlike its regional peers throughout the year, the reduction of credit impairments […]
CONTINUE READING
Retail Asia03/11/2021
Hsbc-logo-1280x720.jpeg
Finance

HSBC Singapore Rolls Out Dart Platform for Corporates

2min0
The bank’s new online platform for corporate customers simplifies receivables collection and improves transparency and monitoring capabilities. HSBC Singapore is launching another digital solution for corporate customers – Dart, or the Digital Accounts Receivables Tool, which connects businesses to their customers by enabling the exchange of invoice and payment information, the bank said in a statement […]
CONTINUE READING
Retail Asia03/11/2021
UOB-Bank-1280x853.jpg
Finance

UOB Posts Quarterly Profit Growth

2min0
The bank rode on loan growth and fee income, as well as lower credit allowance, to post modest growth amid slower-than-expected economic recovery across the region. UOB’s net profit after tax for the third quarter of 2021 was 4 percent higher quarter-on-quarter to reach S$1.05 billion ($780 million), according to financial results published on Wednesday. […]
CONTINUE READING
Retail Asia03/11/2021
OCBC-1024x681.jpg
Finance

OCBC Profits Climb Higher on Lower Allowances

2min0
OCBC’s posted a robust profit increase in the third quarter, which was fueled by a significant reduction in allowances. OCBC registered S$1.22 billion ($904 million) in net profit for the third quarter, according to its latest results, marking a 19 percent year-on-year increase. A significant reduction of allowances by 54 percent to S$163 million due to […]
CONTINUE READING
Retail Asia02/11/2021
StanChart-.jpg
Finance

StanChart Profits Surge on Lower Credit Impairments

1min0
Significantly lower credit impairments coupled with positive business momentum led to a surge in Standard Chartered’s pre-tax profits for the third quarter. Standard Chartered posted $1.075 billion in pre-tax profits for the third quarter, according to its latest results, marking a 44 percent year-on-year increase. Not unlike its regional peers throughout the year, the reduction of credit impairments […]
CONTINUE READING
Retail Asia01/11/2021
Citibank-OFC-e1418962468163-1024x613.jpg
Finance

Citi’s Victor Alexiev to Take on New Global Role

2min0
He will lead a global team of former entrepreneurs, innovation strategists, product managers and venture builders to accelerate the development of new solutions at Citi’s internal incubation program. Citi has announced the appointment of Singapore-based Victor Alexiev as head of D10X for its Institutional Clients Group (ICG), effective immediately, the firm announced on Friday. Alexiev joined Citi in […]
CONTINUE READING
Retail Asia01/11/2021
Kredivo.jpg
Finance

StanChart Inks Buy-Now-Pay-Later Deal in Indonesia

2min0
The bank’s branch in Indonesia has announced a partnership to offer Buy Now, Pay Later (BNPL) loans to the mass market segment via digital channels. Standard Chartered will offer small-ticket loans to customers in Indonesia via its partnership with Kredivo – one of the country’s largest and fastest-growing digital credit platforms, the bank announced on Thursday. While Standard […]
CONTINUE READING
Retail Asia29/10/2021
Citi-Bank-1280x880.jpg
Finance

Citi Names Regaional Co-Heads of BCMA

2min0
They will replace David Biller, who will be relocating to Europe at the end of the year to take on a broader role as co-head of industrials for EMEA, Asia and Japan. Citi has appointed Matthew Nimtz and Jonathan Quek as co-heads of Asean banking, capital markets and advisory (BCMA), effective immediately, according to an internal memo seen. Nimtz […]
CONTINUE READING
Retail Asia28/10/2021
UBS-Bank-1280x853.jpeg
Finance

UBS Chases New Group with Old Idea

3min0
UBS is reviving an old idea as it targets a new client segment in the U.S. The move brings back memories of a robo advisor, which the bank ditched a few years ago. UBS is targeting the U.S.’ mass affluent individuals with a digital product, which offers wealth management advice from humans remotely, according to […]
CONTINUE READING
Retail Asia28/10/2021
Citi-Bank.jpg
Finance

Citi Names Regaional Co-Heads of BCMA

2min0
They will replace David Biller, who will be relocating to Europe at the end of the year to take on a broader role as co-head of industrials for EMEA, Asia and Japan. Citi has appointed Matthew Nimtz and Jonathan Quek as co-heads of Asean banking, capital markets and advisory (BCMA), effective immediately, according to an internal memo. Nimtz and […]
CONTINUE READING
Retail Asia27/10/2021
Singapore-hero-cro.jpg
Finance

Singapore Expands Travel Lane Scheme to Switzerland

2min0
Singapore will be adding two countries to the Vaccinated Travel Lane (VTL) scheme, under which travelers will only need to take a Covid-19 swab test after arrival and before departure in Singapore. Vaccinated travelers from Switzerland and Australia will be able to enter Singapore without serving stay-home notices from November 8, the Civil Aviation Authority […]
CONTINUE READING
Retail Asia26/10/2021
UBS-Bank-1280x898.jpg
Finance

UBS Selling Onshore Business in Spain

2min0
Switzerland’s largest bank is giving up its business with its Spanish onshore clients. This follows a similar move in Austria less than a year ago. UBS is selling its Spanish office to Singular Bank according to an emailed statement Monday. This comes after months of speculation that many European markets simply aren’t large enough to warrant a […]
CONTINUE READING
Retail Asia26/10/2021
UBS-Bank-1280x853.jpeg
Finance

UBS Profit Up in Third Quarter

2min0
Switzerland’s largest bank reports a rise in quarterly profits. The bank benefited from its business with the super-wealthy and cut its costs. UBS’ third-quarter net profit to $2.28 billion in the third quarter, representing a 9 percent on year increase, it said in statement on Tuesday. The bank was able to cut costs to $6.26 billion from […]
CONTINUE READING
Retail Asia25/10/2021
102319704-standard_chartered_logo.1910x1000-1024x536.jpg
Finance

StanChart Nets Ex-Safra Singapore CEO

1min0
Standard Chartered has hired the former Singapore chief executive of J. Safra Sarasin to lead its South Asia private banking segment. Vinay Gandhi joins Standard Chartered as its regional head, ASEAN and global head, global South Asian community, private banking, according to a statement, subject to regulatory approval. Based in Singapore, Gandhi will report to global […]
CONTINUE READING

Newer Posts

Older Posts

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CONTACT US
CALL US ANYTIME
Most read
Retail updates

Stay up to date of the lates updates and retail news from Asia.






X