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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

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 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 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 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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Retail Asia14/03/2023

Following a weekend auction, HSBC has emerged as the buyer of Silicon Valley Bank’s UK arm. HSBC’s ring-fenced subsidiary, HSBC UK Bank, has acquired Silicon Valley Bank (SVB) UK for 1 British pound ($1.2), according to a statement. SVB UK had loans and deposits of around 5.5 billion pounds and 6.7 billion pounds, respectively. For […]

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Retail Asia10/03/2023

Switzerland’s fintech and insurtech ecosystem is getting a boost by partnering with the country’s largest bank. Startup incubator and accelerator Tenity (formerly known as F10) and UBS are entering a strategic partnership, according to an emailed statement on behalf of the two parties Thursday. Tenity is a startup incubator with an investment arm that invests in technology […]

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Retail Asia09/03/2023

Switzerland’s fintech and insurtech ecosystem is getting a boost by partnering with the country’s largest bank. Startup incubator and accelerator Tenity (formerly known as F10) and UBS are entering a strategic partnership, according to an emailed statement on behalf the two parties, Thursday. Tenity is a startup incubator with an investment arm that invests in technology companies […]

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Retail Asia03/03/2023

Switzerland’s banking group Raiffeisen, saw mortgage loan volumes reach record levels last year. Raiffeisen Group posted a group profit of 1.18 billion Swiss francs ($1.3 billion) in 2022, it said in a statement Thursday. The cooperative bank, which consists of 220 banks, said that operational revenue increases drove its 10.6 percent profit increase over the previous year. […]

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Retail Asia24/02/2023

As China gradually opens its financial markets to Western institutions, UBS wants to expand its stake in a joint venture there. Swiss bank UBS is in informal talks with China’s securities regulator. The firm wants to apply for a license to sell mutual funds as soon as possible. UBS became the first foreign bank in […]

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Retail Asia17/02/2023

N26 also active in Switzerland, was looking for an acquisition that would allow its customers to trade stocks and index funds. That has reportedly fallen through. Decision makers at smartphone bank N26 are looking for ways to cover the traditional stock and ETF business. The goal, announced by co-founder and co-CEO Valentin Stalf in October […]

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Retail Asia09/02/2023

Vietnamese lender SeABank is getting a $100-million investment from IFC to provide lower and middle-income families with access to housing loans. The investment increases International Finance Corporation’s investment in the bank to nearly $400 million. SeABank Vice Chairwoman Le Thu Thuy was quoted in an an IFC press release on Monday as saying that while […]

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Retail Asia08/02/2023

Nine-month interbank rate has climbed from 9.61% to 13% annually as of February 2, according to the central bank’s latest data. On February 2 banks borrowed VND225.7 trillion ($9.6 billion) from each other overnight at the rate of 6.26% per year, up 1.7% points from the end of last year. Other terms such as two […]

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