Don't Miss:
27. April 2024
ABOUTADVERTISE CONTACT
   

Category: Finance

Retail Asia24/05/2021
DBS-Bank-1024x671.jpg
Finance

Singlife Poaches From DBS

4min0
A veteran in the financial services industry and longtime DBS manager joins Singapore’s Aviva Singlife as its new group CEO. Pearlyn Phau Yee Meng will join Singapore’s Aviva Singlife as Executive Director and group CEO, the firm announced in a media release on Monday. Subject to regulatory approval, Phau Yee Meng’s appointment as group CEO will be effective […]
CONTINUE READING
Retail Asia24/05/2021
bitcoin.jpg
Finance

Beijing’s Crypto Crackdown Sends Mining Abroad

2min0
Cryptocurrency miners in China are shifting their operations to other markets abroad following Beijing’s latest crackdown. A committee from China’s State Council announced on Friday that it would crack down on crypto, specifically naming Bitcoin as a major concern. The government will crackdown on bitcoin mining and trading behavior, and resolutely prevent the transfer of […]
CONTINUE READING
Retail Asia24/05/2021
Bitcoin-Coin-1280x720.jpg
Finance

Hong Kong to Bar Retail Access to Cryptocurrencies

2min0
The Hong Kong government is seeking to restrict cryptocurrency access to wealthier investors amid an ongoing global crackdown by regulators. Cryptocurrency exchanges operating in Hong Kong will have to licensed by the Securities and Futures Commission (SFC) and limit access to professional investors – defined as individuals with a portfolio of HK$8 million ($1.03 million) […]
CONTINUE READING
Retail Asia24/05/2021
UBS-Bank-1280x853.jpeg
Finance

UBS Fined for Rigging European Bond Trading

2min0
The European Commission censured seven investment banks for maintaining a cartel on European government bond-trading. The Swiss bank was hit with the largest fine, despite cooperating. Brussels extracted a total of 371 million euros ($453 million) on UBS, UniCredit, and Nomura for a seven-bank ring which colluded between 2007 and 2011 on prices and volumes of European government […]
CONTINUE READING
Retail Asia21/05/2021
Hsbc-logo-1280x720.jpeg
Finance

HSBC to Fund New Climate Solutions

3min0
The bank is collaborating with the World Resources Institute (WRI) and WWF to unlock access to finance to help new climate-based projects create real-world impact. HSBC said it would put in $100 million of funding – half of which will be deployed in Asia – over the next five years to build towards a net-zero […]
CONTINUE READING
Retail Asia21/05/2021
Deutsche-Bank-1280x720.jpg
Finance

Deutsche Bank Sets Up ESG Center in Singapore

1min0
Deutsche Bank has set up a Singapore-based center focused on developing environmental, social and governance-related solutions. Deutsche Bank’s center will focus on innovation in ESG and fintech to develop new products to address market gaps, according to a statement. In addition to internal activities, the center will also share global best practices with regulators and […]
CONTINUE READING
Retail Asia21/05/2021
maybank.jpg
Finance

Maybank Kim Eng Appoints Singapore Chief

2min0
He replaces Harmeet Singh Bedi, who left after six years at the firm in 2020 for Prime US Reit, a Singapore real estate investment trust. Maybank Kim Eng, the fully owned investment banking arm of Malaysia-headquartered Maybank, has appointed Aditya Laroia as chief executive officer, Singapore, according to an announcement on Wednesday. Laroia joined Maybank Kim Eng in 2020 as head of prime […]
CONTINUE READING
Retail Asia20/05/2021
UBS-Bank-1280x898.jpg
Finance

UBS Cuts 700 Jobs

2min0
Swiss bankers are the first to go in the Swiss bank’s current round of cuts. UBS has started cutting jobs as part of its current round of cost-savings measures, with around 700 employees in Switzerland affected. Most of the cuts will be in the corporate center although 200 jobs will go in wealth management and […]
CONTINUE READING
Retail Asia20/05/2021
Bitcoin-Crash-1280x720.jpg
Finance

BTC Slide Continues as China Warns of Crackdown

2min0
The People’s Bank of China repeated its warning against cryptocurrencies, saying that digital tokens could not be used as a form of payment. The country’s central bank posted a joint notice from banking and internet industry associations on its official WeChat account, warning the finance industry not to offer cryptocurrency services. Virtual currencies should not […]
CONTINUE READING
Retail Asia19/05/2021
HSBC-logo.jpg
Finance

HSBC Rolls Out Digital Wallet for SMEs in Singapore

2min0
The bank has launched a digital wallet for businesses in Singapore, which enables them to send, receive and hold cash in multiple currencies. HSBC’s Digital Wallet, which aims to significantly reduce the time it takes for SMEs to make business payments, is also being launched in the U.K. and the U.S., with a pipeline of further markets […]
CONTINUE READING
Retail Asia19/05/2021
Bitcoin-passwords.jpg
Finance

Saxo Launches Crypto FX Trading in Singapore

2min0
Saxo Markets customers in Singapore will be able to trade in major cryptocurrencies as FX spot pairs. The online trading and investment platform’s new cryptocurrency offering enables customers to trade bitcoin, ethereum and litecoin against EUR, USD, and JPY from a single margin account, Saxo announced in a statement on Wednesday. Clients can trade and hedge both long and […]
CONTINUE READING
Retail Asia19/05/2021
UOB-Bank-1280x853.jpg
Finance

UOB Issues First Green Trade Financing Under Industry Framework

3min0
The loans will help two of the bank’s clients in Singapore’s food supply chain build on their sustainability initiatives and strengthen their supply chain resilience. UOB has extended its first green trade finance facilities under the Green Finance Industry Taskforce’s Green and Sustainable Trade Finance and Working Capital Framework to palm oil and derivatives products producer […]
CONTINUE READING
Retail Asia19/05/2021
UBS-Bank-1280x853.jpeg
Finance

UBS Quietly Advances Token Efforts With Clients

2min0
UBS has been quietly running a tokenization trial with weighty institutional investors. The Swiss-based bank has been offering more than 100 institutional clients access to a pilot program to tokenize real assets. The project is operating on the Ethereum platform, the person said. This represents the next step in a push into putting assets on the […]
CONTINUE READING
Retail Asia18/05/2021
Citi-Bank-1280x880.jpg
Finance

Citi Names Head of Private Bank for South Asia

2min0
The Singapore-based Citi veteran will oversee the bank’s global market managers in South Asia and will have direct responsibility for the Singapore and Malaysia markets. Citi has named Lee Lung Nien as head of its private banking business in South Asia, in addition to his existing role as chairman of Citi Private Bank for South Asia, according to an […]
CONTINUE READING
Retail Asia18/05/2021
APACs-foodie-hotspots-have-real-estate-benefits.jpg
Finance

Backbase Grows Asia Leadership Team

2min0
The engagement banking platform provider has appointed a digitalization specialist to support banks and financial institutions in the region with their digital transformation efforts. Backbase has appointed Abhijit Chavan as regional vice president of customer success for Asia, part of the company’s Asia leadership team, according to an announcement on Tuesday. Chavan brings more than 15 years […]
CONTINUE READING
Retail Asia17/05/2021
DBS-Bank-1024x671.jpg
Finance

DBS Launches Crypto Trust Offering

3min0
DBS enlarges its cryptocurrency offering with a trust solution from its private banking arm amid growing demand for the asset class even within wealth succession plans. DBS Private Bank launches its cryptocurrency trust solution via wholly-owned DBS Trustee, according to a statement. The new trust offering is limited to cryptocurrencies currently supported by the bank’s […]
CONTINUE READING
Retail Asia14/05/2021
DBS-1024x768.jpeg
Finance

DBS Launches Crypto Trust Offering

3min0
DBS enlarges its cryptocurrency offering with a trust solution from its private banking arm amid growing demand for the asset class even within wealth succession plans. DBS Private Bank launches its cryptocurrency trust solution via wholly-owned DBS Trustee, according to a statement. The new trust offering is limited to cryptocurrencies currently supported by the bank’s […]
CONTINUE READING
Retail Asia14/05/2021
hongkong.jpg
Finance

Hong Kong Hub Status Under Fire

5min0
Doubts about Hong Kong’s ability to retain its status as a global hub have been spotlighted in the past weeks by multiple entities – including the local government – citing various issues ranging from politics to the pandemic. Doubts about staying are increasing for numerous international companies and expatriates residing in Hong Kong, according to […]
CONTINUE READING
Retail Asia14/05/2021
UOB-Wealth-Banking2-1280x687.jpg
Finance

UOB’s Chan Kok Seong on Risk Culture and Hybrid Work

3min0
The protracted COVID-19 pandemic is no longer just a disruption to the way we work but has transformed permanently the world of work, Chan Kok Seong, UOB’s group chief risk officer, says in an interview. The future of work is shaping into a hybrid model that optimizes employee flexibility, autonomy and performance across locations. While […]
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