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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 )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )
18/04/2024 Google Maps to show alternate transit and walking directions along with driving routes ( General )
17/04/2024 Apple releases iOS 17.5 beta 2 giving EU iPhone users more unique capabilities ( E-Tailing )
17/04/2024 WhatsApp rolls out new chat filters to help you locate unread and group conversations ( General )

Retail Asia03/05/2021

HSBC’s asset management arm appoints a new head of credit research in Asia amid an ongoing expansion across its product range and distribution capabilities in the region. HSBC Asset Management appoints Seok Poh Yeoh as head of credit research for Asia, according to a statement, effective immediately. In her Hong Kong-based role, Yeoh reports locally to head […]

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Retail Asia03/05/2021

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Citigroup CEO Jane Fraser’s first-quarter debut featured strong earnings worldwide and in Asia where the American lender is eyeing growth opportunities, particularly from private wealth in the region. Citi’s consumer banking unit in Asia saw $5.2 billion in net new money in the first quarter of 2021 – a 13 percent year-on-year increase – according […]

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Retail Asia30/04/2021

More than a dozen major technology firms in China are set to face similar restrictions imposed on Jack Ma’s Ant Group as Beijing widens its fintech crackdown. 13 tech titans – including Tencent, ByteDance, JD.com, Meituan and Didi Chuxing – were summoned to a meeting over a series of new requirements for their financial units, […]

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Retail Asia30/04/2021

Nexon has joined other publicly listed companies such as Microstrategy and Tesla in holding the cryptocurrency as a hedge against inflation. The South Korean-Japanese video game publisher purchased some 1,707 bitcoin for about $100 million, equivalent to less than 2 percent of the company’s total cash and cash equivalents on hand, it said in an […]

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Retail Asia30/04/2021

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In a world-first, the two countries have established a link between Singapore’s PayNow and Thailand’s equivalent PromptPay. Customers in Singapore with DBS, OCBC, and UOB accounts, and customers of Bangkok Bank, Kasikorn Bank, Krung Thai Bank, and Siam Commercial Bank in Thailand will be able to securely perform cross-border peer-to-peer transactions of up to S$1,000 […]

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Retail Asia30/04/2021

Single-family office clients across Asia will be able to tap on HSBC’s team of investment banking specialists and institutional execution services. HSBC said that combining the family office and wealth planning strengths of its private banking business with the expertise and reach of its global banking and markets business will allow it to better serve […]

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Retail Asia30/04/2021

Credit impairments fell sharply at Standard Chartered, enabling the growth market-focused lender to beat analyst estimates and deliver profitability in the first quarter. Standard Chartered posted pre-tax profits of $1.4 billion, according to its latest results, marking an 18 percent increase compared with $1.2 billion last year. It also beat compiled analyst forecasts of $1.08 billion. […]

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Retail Asia30/04/2021

The board is recommending an interim dividend of 18 cents per share, to which the scrip dividend scheme will be applied. Net profit at DBS grew to S$2.01 billion ($1.52 billion) for the January-March period, up from S$1.01 in the previous quarter and 72 percent higher year-on-year, according to first-quarter earnings posted on Friday. It […]

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Retail Asia30/04/2021

HSBC’s asset management arm appoints a new head of credit research in Asia amid an ongoing expansion across its product range and distribution capabilities in the region. HSBC Asset Management appoints Seok Poh Yeoh as head of credit research for Asia, according to a statement, effective immediately. In her Hong Kong-based role, Yeoh reports locally to head […]

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Retail Asia30/04/2021

The bank is considering reducing the number of branches and office space as it moves towards a hybrid work model. We may not need so many branches servicing our customers, so certainly I think there will be a review in terms of our office requirements as we move forward,» chairman Ooi Sang Kuang said at the bank’s virtual annual […]

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Retail Asia29/04/2021

Shares of OCB are undervalued by 25 percent, its chairman Trinh Van Tuan said at the private lender’s annual general meeting Wednesday. He said his assertion was backed by many stock brokerages that have suggested a price of VND30,000 ($1.31) for the OCB ticker, currently trading on the Ho Chi Minh Stock Exchange (HoSE) at […]

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Retail Asia29/04/2021

VietinBank Securities targets pre-tax profits of VND180 billion ($7.8 million) this year, up 20 percent from 2020, as the stock market continues to rise. The company secured a $30-million loan from a consortium of four Taiwanese banks in March and another $60 million from Korea’s Woori Bank and Taiwan’s Fubon Bank and Cathay United Bank a month […]

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Retail Asia29/04/2021

Standard Chartered bank is reportedly considering slashing office space in the Singapore business district, where it occupies 21 floors at Marina Bay Financial Centre Tower 1. While plans are under discussion and subject to change, sources told «Bloomberg» that the bank is weighing several options, including cutting 80,000 square feet, or four floors of offices. […]

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Retail Asia29/04/2021

The German bank pulled off what Swiss rivals failed to: avoid major losses from the collapse of the family office-hedge fund. Frankfurt-based Deutsche Bank swung to a net profit of 908 million euros ($1.1 billion) in the first quarter, from a loss of 43 million euros year-ago, it said in a statement on Wednesday. The result was […]

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Retail Asia29/04/2021

The trio is developing an open industry platform that aims to reimagine and accelerate value movements for payments, trade, and foreign exchange settlement. Partior aims to disrupt the cross-border payments landscape by using blockchain and smart contracts to make digital clearing and settlement more efficient and address common pain points such as multiple validations on […]

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Retail Asia28/04/2021

Beijing is reportedly investigating how Chinese entrepreneur Jack Ma quickly won approvals for the later pulled listing of Ant Group, in yet another sign that scrutiny of the fintech giant and its founder remains incomplete. China’s central government first kicked off the investigation early this year. The investigation is aimed at regulators that approved the […]

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Retail Asia28/04/2021

The bank’s digitization plans will cost thousands of jobs in the coming months. UBS CEO Ralph Hamers is set to reactivate a series of cuts it had paused when Covid-19 broke out. Digitization always costs jobs, Ralph Hamers said in October of 2016 when ING disclosed it would eliminate 7,000 of them. The Dutch bank wanted […]

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Retail Asia27/04/2021

OCBC appoints new chief for its Hong Kong unit, succeeding longstanding veteran Na Wu Beng. Ivy Au-yeung has been appointed chief executive of OCBC Wing Hang – the Singapore lender’s Hong Kong unit – according to a report, effective as of May 20, reporting to group CEO Helen Wong. Na will step down from the role […]

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Retail Asia26/04/2021

The Monetary Authority of Singapore (MAS) discussed the creation of a common platform for international payment settlements that will be more efficient than current arrangements. While there is growing global interest in the issuance of Central Bank Digital Currencies (CBDCs) for domestic payments, multiple CBDC (m-CBDC) arrangements could lead to a significant improvement in the speed, cost […]

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Retail Asia23/04/2021

Activists said the bank has invested some $80 billion in fossil fuels since the Paris Agreement in 2015. Activists from the Extinction Rebellion group hit HSBC’s London headquarters in Canary Wharf in an Earth Day protest on Thursday, shattering 19 windows. HSBC has pledged to shrink its carbon footprint to net-zero by 2050. However, the bank’s current […]

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