Finance

Don't Miss:

06/05/2024 WhatsApp’s new status update tray with previews is rolling out more widely in beta ( General )
02/05/2024 A Deep Dive into Grade A Buildings in Hong Kong ( General )
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 )

Retail Asia04/06/2021

A new study by the payments giant reveals the growing popularity of digital payment methods such as online wallets, mobile contactless payments and QR code payments among Singaporeans. The ongoing Covid-19 pandemic is hastening the demise of cash-based transactions in the city-state by at least four years, Visa said in its Consumer Payment Attitudes Study, […]

CONTINUE READING

Retail Asia04/06/2021

The number of new stock trading accounts opened by retail investors in May topped 113,670, a new monthly record, according to the Vietnam Securities Depository. May was the third month in a row in which more than 100,000 accounts were opened. There were 3.2 million retail accounts and nearly 12,000 belonging to organizations. The invasion […]

CONTINUE READING

Retail Asia04/06/2021

Outsourcing giant Cognizant has had to let dozens of staff in Switzerland go as UBS continues its policy under CEO Ralph Hamers of bringing entire IT departments back in-house. Both the major Swiss banks, UBS and Credit Suisse are long-standing Cognizant customers. UBS used to pay Cognizant up to $330 million a year for IT services […]

CONTINUE READING

Retail Asia04/06/2021

The latest chapter of the Malaysian government’s asset recovery efforts follows effective settlements recently achieved. The Malaysian government has received a remittance from Deloitte totaling RM336 million ($80 million) in relation to 1Malaysia Development (1MDB) matters, the country’s finance ministry said on Thursday. The auditor, the first to face penalties related to the scandal-ridden fund, was fined […]

CONTINUE READING

Retail Asia04/06/2021

The bank has landed a permanent replacement for Peter Enns, its former co-head of advisory and investment banking and advisory. HSBC is hiring veteran banker Matthew Ginsburg as global co-head of its advisory and investment banking business, based in Hong Kong, according to a report on Friday, citing people familiar with the matter Ginsburg, who was most recently Asia Pacific chairman […]

CONTINUE READING

Retail Asia02/06/2021

Two Chinese online brokerages backed by major tech titans shared plans about expanding into crypto trading in the midst of a domestic crackdown. Tencent-backed Futu and Xiaomi-backed Tiger Brokers both unveiled crypto trading plans in their latest quarterly earnings call. Tiger Brokers said it was in the process of applying for relevant licenses for crypto […]

CONTINUE READING

Retail Asia01/06/2021

DBS expands the offering on its digital exchange with its first-ever bond issuance via security token offering. DBS has issued a S$15 million ($11.35 million) bond through a security token offering (STO) on its digital exchange, according to a statement. The bond has a six-month tenor with a coupon rate of 0.60 percent per annum. […]

CONTINUE READING

Retail Asia01/06/2021

Copenhagen-headquartered Saxo Markets has internally promoted a new chief executive for Hong Kong. Richard Douglas has been named Hong Kong CEO for Saxo Markets, effective immediately, according to a statement, reporting to APAC CEO Adam Reynolds. Douglas was most recently chief operating officer and chief information officer for Greater China and the role will be succeeded by Patrick […]

CONTINUE READING

Retail Asia31/05/2021

Similar to rival Ant Group, Tencent has also been ordered to set up a holding company to contain its finance-related businesses. Regulators told Tencent to place its finance-related businesses into a new financial holdings company for better supervision, according to a Caixin report citing unnamed sources. This follows a report last month that said top financial regulators […]

CONTINUE READING

Retail Asia31/05/2021

Morgan Stanley is the latest global bank to add exposure to mainland China’s financial sector with increased ownership in two joint ventures. Morgan Stanley will buy stakes in its securities and mutual fund joint ventures, according to a company filing with the Shanghai Stock Exchange. We are excited by opportunities to significantly expand our onshore securities […]

CONTINUE READING

Retail Asia31/05/2021

Top executives of financial firms in Hong Kong will be granted exemptions from quarantine in the city, according to the local regulator, giving the sector a first-mover advantage to reopening. Hong Kong authorities launched new rules, effective as of last week, that will enable alliterative traveling options specifically for senior executives in the financial sector […]

CONTINUE READING

Retail Asia28/05/2021

The property and casualty insurer is making several senior management changes at its business in Asia Pacific, effective July 1, while launching a new division, it announced on Friday. Country president for Chubb’s general insurance business in Korea, Edward Ler, will take on a new role as head of Southeast Asia, responsible for the general management and […]

CONTINUE READING

Retail Asia28/05/2021

A board job at the Swiss wealth giant is a lucrative gig, but probably not lead to ultra-high net worth riches. Or at least not rich enough to purchase one of Hong Kong’s priciest manses, as Fred Hu just did. Hu plopped down HK$428 million ($55 million) for a 4,755-square foot home on Tai Tam Road in […]

CONTINUE READING

Retail Asia27/05/2021

AI-driven fintech GreenArc Capital and BNP Paribas have been awarded a proof of concept grant by the Monetary Authority of Singapore’s Financial Sector Development Fund. The partners will collaborate on impact measurement and audit project, which will be led by Rony J Palathinkal, COO of GreenArc Capital, according to an announcement. The POC is an extension […]

CONTINUE READING

Retail Asia27/05/2021

Will you eventually be able to pay for a new Apple iPhone with Bitcoin? That is one of the conclusions that you might come to following a peak at the “Jobs at Apple” website where Apple posted a listing for a Business Development Manager for Alternative Payments. The job posting says that the Apple Wallets, Payments, […]

CONTINUE READING

Retail Asia26/05/2021

Australia’s second-biggest buy now, pay later (BNPL) firm Zip Co Ltd is exploring a bigger push into Asia and a potential U.S. listing, the company told Reuters on Tuesday. After gaining a toehold in Southeast Asia last month through a stake in Philippine firm TendoPay, Zip Chief Executive Larry Diamond said the company is now […]

CONTINUE READING

Retail Asia25/05/2021

The Hanoi Stock Exchange (HNX) posted VND399 billion ($17.3 million) in 2020 post-tax profit, a year-on-year increase of 28 percent. Its revenue rose 32 percent year-on-year to VND733 billion, 87 percent of which was from transaction charges. The exchange attributes its highest-ever revenue and post-tax profit earnings to the rise in corporate bonds issuance. According […]

CONTINUE READING

Retail Asia25/05/2021

Elon Musk’s recent tweets have partly contributed to sending Bitcoin and other cryptocurrencies tumbling, and Vietnamese investors into losses and diminishing their hope in the future of digital currencies. Thien Tuan from the northern town of Mong Cai has seen his VND30 million ($1,300) investment in several cryptocurrencies depreciate by nearly 40 percent in the […]

CONTINUE READING

Retail Asia25/05/2021

The government has approved VietinBank’s plans to pay dividends for 2017-19 at a total rate of 28.79 shares for every 100 owned. The government owns a 64.46 percent stake in the lender. CTG shares gained 6.1 percent to rise to a new all-time high of VND51,200 ($2.22) on Monday, and has gained 48 percent this […]

CONTINUE READING

Retail Asia25/05/2021

The second edition of the bank’s virtual career fair sees vacancies for women technologists almost treble to 140. The bank is focusing its outreach efforts on filling five engineering roles: Engineering Lead; Solution Architect; ReactJS Developer; Full Stack Developer; and Software Development Engineering in Test, at its Women in Tech» career fair, which is returning […]

CONTINUE READING

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.

CALL US ANYTIME

Most read

Retail updates

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

X