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08/05/2024 Digital content exporters open foreign offices to avoid tax ( General )
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 )

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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Retail Asia23/04/2021

The bank said a surge in net interest income and a cut in operational expenses has boosted its Q1 performance. Its net interest income grew 30 percent in the period, while operational expenses dropped 10 percent, according to the bank’s financial statement. It said that its pre-tax profit growth was average compared to other lenders’ […]

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Retail Asia23/04/2021

The bank, which made its first deal on the platform last year, has moved from Contour’s beta network to its production network. DBS will offer streamlined digital letters of credit transactions, including the transfer of electronic trade and title documents, for customers across Australia, China, Hong Kong, and Singapore from this month on Contour, according to […]

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Retail Asia22/04/2021

Citi has expanded the role of its regional head of corporate finance with greater responsibilities for the Hong Kong investment banking business. Alex Schrantz has been named head of banking, capital markets and advisory (BCMA) for Hong Kong, according to a statement, effective immediately. Schrantz reports to APAC head of BCMA Jan Metzger alongside Hong Kong and Macau […]

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Retail Asia21/04/2021

Vietnam’s benchmark VN-Index rose 0.61 percent to 1,268.28 points Tuesday, a new peak, led by Vietcombank and Vinhomes tickers. The index was on an upward trend throughout the day, hitting the 1,286 mark in the early afternoon before falling to the 1,260 range. It closed with a near 8-point gain. Trading value on the Ho […]

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Retail Asia21/04/2021

Natixis has made a series of hires for its global markets team in Asia Pacific with a focus on bolstering its capabilities in China and Japan. The French investment bank made six new appointments to its APAC global markets unit, according to a statement, as part of its ongoing growth ambitions in the region. China […]

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Retail Asia21/04/2021

The bank will accelerate its expansion in the rapidly growing Greater Bay Area with a stake in Shenzhen Rural Commercial Bank. DBS has entered into an agreement to acquire a 13 percent stake in Shenzhen Rural Commercial Bank in a deal valued at RMB 5.286 billion ($813.2 million), as part of its strategy of investing in its core […]

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Retail Asia21/04/2021

After its consumer banking exit in China, Citi will accelerate the growth of its mainland institutional business with the reported pursuit of new licenses. Citi plans to submit an application for a securities and futures brokerage license, according to a report citing unnamed sources, with a focus on underwriting yuan-denominated shares and client trading. The American […]

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Retail Asia21/04/2021

Despite the growing embrace of cryptocurrencies among institutions and retail investors, HSBC is sticking to its policy of avoiding virtual currencies and stocks correlated to them. Europe’s largest bank in Europe, with total assets of $2.715 trillion, is likely to avoid Coinbase’s newly listed COIN stock because of lingering worries about crypto’s role in money laundering […]

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Retail Asia21/04/2021

Two of Singapore’s «big three» lenders are said to be interested in acquiring parts of Citi’s consumer business, which is downsizing worldwide. DBS Group, OCBC, Mitsubishi UFJ Financial Group (MUFG) and Standard Chartered intend to bid parts of the bank’s consumer banking portfolios and brances in Asia, citing sources with direct knowledge of the matter. The […]

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Retail Asia20/04/2021

Standard Chartered plans to hire about 400 staff in Hong Kong this year as part of the ongoing expansion of its retail baking and wealth management business. The Asia-focused lender’s hiring plans are part of its strategy to tap demand from affluent customers for wealth planning, according to a report citing Hong Kong head of […]

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Retail Asia19/04/2021

America’s Citigroup will exit 13 international consumer banking markets, including Vietnam, to shift its focus to four wealth centers. The move is part of the bank’s strategic decision to direct investments and resources to businesses with the greatest scale and growth potential, it stated, adding its main markets will include Singapore, Hong Kong, the United […]

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Retail Asia19/04/2021

The U.S. has removed Vietnam from the list of economies it considers currency manipulators, reversing a decision made by the Trump administration in December. Its Treasury Department said Friday that no economy currently meets the U.S.’s criteria to be labeled manipulators, but warned that Vietnam, Switzerland, and Taiwan would be under enhanced monitoring. There is […]

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Retail Asia19/04/2021

As part of its efforts to support the transition to a low-carbon future, the bank has set a target of 2039 to cut its thermal coal exposure to zero. DBS, Southeast Asia’s largest bank, has announced plans to reach its goal of zero thermal coal exposure by 2039, and will focus instead on the development […]

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Retail Asia19/04/2021

The bank has outlined a vision for its approach to flexible and hybrid-location working and will give its employees the opportunity and choice to return to the office. HSBC Singapore’s Future of Work plans will be underpinned by ensuring customer focus; flexibility for how, when, and where employees work; and ensuring that its offices are designed and […]

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Retail Asia19/04/2021

Citi unveiled its hiring plans for its wealth management business in Hong Kong – one of the few remaining markets the bank will place its renewed focus on after announcing a series of planned exits. Citi will look to hire up to 500 people in its Hong Kong wealth unit, according to a statement. The […]

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Retail Asia19/04/2021

Following a spectacular collapse, Wirecard is disposing of its assets in the region, leaving only its business in India. The insolvent German firm has agreed to sell its legal entities in the Philippines, Malaysia, Hong Kong, and Thailand as well as the company’s regional data warehouse in Singapore to Nomu Pay. The deal includes Wirecard’s […]

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Retail Asia19/04/2021

Less than six months after leaving UBS, ex-CEO Sergio Ermotti is now chairman of the world’s largest reinsurer. He signaled he will use the job as a platform to lobby for Switzerland as a business center. The former CEO of UBS, Sergio Ermotti, had promised a blackout after leaving the Swiss wealth manager at the end of October. […]

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Retail Asia16/04/2021

HSBC will relocate some of its top executives from London to Hong Kong as the British lender places increasingly greater emphasis on the region. Global banking and markets co-head Greg Guyett, wealth and personal banking chief executive Nuno Matos, and global commercial banking chief executive Barry O’Byrne will relocate to Hong Kong in the second half of the year, according […]

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