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16/05/2024 The TikTok ban could hurt small businesses that prosper thanks to mobile users ( General )
16/05/2024 WhatsApp could add a new sticker-related feature very soon ( General )
15/05/2024 Facebook and Instagram experiencing outages along the East and West Coasts of the U.S. ( General )
14/05/2024 Qantas to launch new route from Manila to Brisbane ( General )
13/05/2024 Meta expands paid verification service for businesses ( General )
10/05/2024 For complex iPhone AI tasks, Apple will use cloud-based servers running M-series chips ( Electronics )
10/05/2024 Samsung plans to add $1B to Vietnam investment annually ( Electronics )
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 )

Retail Asia26/04/2023

Vietnam’s benchmark VN-Index dropped 0.63 percent to 1034.85 points Tuesday, lowest in five weeks. The index closed 6.51 points lower after losing 1.55 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 3% to VND9.42 trillion ($401.14 milllion). The VN-30 basket, comprising the 30 largest capped stocks, saw 27 tickers […]

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Retail Asia25/04/2023

The merger of UBS and Credit Suisse is expected to result in a behemoth wealth and asset manager, drawing all eyes to the institutions’ first quarter results at the start of the week. During the first quarter we saw strong net new fee-generating asset and net new money inflows in global wealth management and asset […]

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Retail Asia25/04/2023

Techcombank’s real estate loan portfolio might be big but most are personal loans or to develop projects that do not face legal issues, its chairman, Ho Hung Anh, said. At the lender’s annual general meeting on April 22 he said since the property developments have full legal status, even “in the current difficult period for […]

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Retail Asia25/04/2023

Military Commercial Joint Stock Bank Laos branch (MB Laos) released a new banking application for individual customers in Vientiane, Laos, on Monday. Several Laotian government officials and representatives of the State Bank of Laos and MB attended the app launch ceremony. MB Laos app will increase customers’ convenience and optimize their banking experience on digital […]

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Retail Asia22/04/2023

Switzerland was early to adopt a regulatory framework for digital assets. Now Europe has approved an EU-wide crypto rulebook. The European Parliament is adopting the Markets in Cryptoassets (MiCA) regulation, scheduled to come into force from mid 2024 onwards, it said in a statement Thursday. The regulation aims to increase customer protection for crypto-assets that are not regulated […]

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Retail Asia19/04/2023

Instead of raising new capital to fund its takeover of Credit Suisse by issuing new shares, UBS will repurpose some of those it obtained as part of a repurchase program. In March of last year, UBS launched a $6 billion stock buyback program, scheduled to run until the end of March of next year as […]

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Retail Asia18/04/2023

Starting today, you can open an Apple Card Savings account with an annual percentage yield (APY) of 4.15%. We have been hearing rumors about this Apple Card Savings account recently, but now it’s finally official in a blog post on the Apple Newsroom. The main benefit of this account is the high APY. At 4.15%, Apple […]

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Retail Asia18/04/2023

SJC gold price gained 0.15% to VND67.1 million ($2,857.39) per tael Monday afternoon. Gold ring price rose 0.18% to VND56.65 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold rose on Monday as the dollar eased slightly. Still, prices were off one-year highs hit last week, as mixed economic data prompted […]

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Retail Asia12/04/2023

Major cryptocurrency bitcoin breached the key $30,000 level for the first time in 10 months on Tuesday, adding to its steady gains as investors raised bets that the U.S. Federal Reserve will soon end its aggressive monetary tightening campaign. Bitcoin peaked at $30,438 in Asian trade and was last 2% higher at $30,262. It has […]

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Retail Asia06/04/2023

Sixteen potential buyers have registered to purchase a combined 213 million shares of PGBank, almost twice the number its biggest shareholder is selling. The buyers, comprised of nine individuals and seven domestic organizations, have signed up to participate in the auction of 120 million shares of PGBank, or a 40% stake, which is being sold […]

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Retail Asia04/04/2023

More than a dozen lenders achieved bancassurance revenues of over VND1 trillion ($42,633 million) from new customers last year, according to Vietcombank Securities. Bancassurance refers to insurance products sold through banks. Premium income from new customers increased by 45% during the year, and overall premiums at by 16%. Military Bank led with more than VND2.1 […]

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Retail Asia31/03/2023

VPBank expects a pre-tax profit of VND24 trillion ($1.02 billion) this year, exceeding the $1 billion milestone for the first time since its establishment. The news comes after the bank announced the sale of a 15% stake to a Japanese financial giant. The target, announced in a document sent to shareholders before the upcoming general […]

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Retail Asia26/03/2023

Ratings agency Moody’s Investors Service has downgraded the long-term deposit and issuer ratings of private lender Techcombank because of its high exposure to the struggling property sector. Its currency deposit and issuer ratings were lowered from Ba2 to Ba3, the same level as several other banks in Vietnam. Its outlook is down from stable to […]

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Retail Asia26/03/2023

Citibank has been honored as “Bank of the Year” in the Asia Pacific at the 2022 International Financing Review Asia Awards. The award was based on a unanimous decision by the editors of IFR Asia, a leading regional capital markets magazine. The recognition from IFR Asia reaffirms the expertise and solution-driven approach of Citi’s capital […]

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Retail Asia26/03/2023

SJC gold price dropped 0.22% to VND67.15 million ($2,855.14) per tael Wednesday morning. Gold ring price fell 0.53% to VND55.5 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices edged higher on Wednesday as the dollar eased, while investors kept a close watch on the U.S. Federal Reserve’s interest rate […]

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Retail Asia26/03/2023

DTS Group and GMO have established a blockchain technology application and development center with the goal of promoting blockchain technology in Vietnam. The Mira Blockchain Center in Hanoi aims to bring blockchain technology to life through integrated technology-based physical products and high technology projects. The unit will research, apply, deploy, and transfer blockchain technology in […]

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Retail Asia21/03/2023

After a years-long wait, Apple Pay today launched in South Korea, allowing those living in the country to use Apple’s payment system to make contactless payments using the iPhone or Apple Watch. Apple has been working to bring ‌Apple Pay‌ to South Korea since 2017, but Apple was unable to be registered as an electronic financial business operator because regulators […]

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Retail Asia20/03/2023

UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. The deal includes 100 billion Swiss francs ($108 […]

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Retail Asia15/03/2023

Price stability or financial stability. The European Central Bank has been in a dilemma since the US banking crisis last week in the US and will need to send a clear signal Thursday. Until the banking crash in the US late last week, it was a foregone conclusion the European Central Bank (ECB) would raise […]

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Retail Asia14/03/2023

Korea’s financial regulator has fined the Seoul branch of UBS AG (in Zurich) for allegedly violating short-selling rules. Other financial firms are under investigation. UBS Securities and ESK Asset Management were fined a total of 6 billion won ($4.5 million) by Korea’s financial regulator in what it said was a violation of local short-selling rules. It […]

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