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On Friday morning, gold prices in Vietnam saw a significant rise, in sync with the worldwide increase in gold rates, marking the first weekly gain in the past five weeks. The key driver behind this surge was the gold bar price offered by Saigon Jewelry…
DBS Group, the largest bank in Southeast Asia in terms of assets, recently completed a pioneering synthetic securitization transaction. This transaction, which is tied to a corporate loan portfolio worth $1 billion, marks the first of its kind to be carried…
Swiss digital asset banking conglomerate, Sygnum, is amplifying its expansion efforts throughout Europe following the procurement of a Markets in Crypto-Assets (MiCA) license for its Liechtenstein-based subsidiary. This approval paves the way for the firm to…
Vietnam’s gold market saw a modest rise in prices on Saturday, ending the week on a slightly high note. The day observed a 0.34% increase in the prices of gold bars from Saigon Jewelry Company, which closed at VND147.2 million (US$5,594.85) per tael. This…
The Asia-Pacific region is becoming a major focus for Allianz Global Investors (Allianz GI) as global growth trends shift eastward. The firm’s CEO, Tobias C. Pross, asserts that Asia remains one of the few regions where structural growth opportunities are…
United Overseas Bank (UOB) Private Bank has announced the appointment of Dennis Hong to the position of Regional Market Head for Greater China and North Asia, commencing in September 2026. This decision aligns with UOB’s ongoing plan to fortify its wealth…
Starting July 1st, Malaysians will have the ability to withdraw cash from any bank’s automated teller machines (ATMs) or smart recycler machines (SRMs) across the country without the usual RM1 (US$0.25) interbank fee. This new initiative will grant debit…
Beginning in October, Singapore will permit foreign central banks and sovereign entities to store their gold reserves within its borders. This move is aimed at reinforcing Singapore’s standing as a regional hub for gold trading and storage. The city-state’s…
DBS Bank is set to revolutionize the financial market in Singapore by launching tokenized physical gold for retail customers in the latter half of 2026. With this initiative, DBS Bank takes the lead as the first bank in the nation to empower its customers…
Gold prices in Vietnam continued on a downward trend on Wednesday morning, reaching the lowest point since October 5. The Saigon Jewelry Company reported that gold bars fell by 2.64%, now valued at VND140 million (US$5,318.74) per tael. In Vietnam, a tael is…
On Tuesday morning, the U.S. dollar witnessed a slight increase in value against the Vietnamese dong, maintaining a position close to its two-month peak in comparison to other major currencies. The commercial bank Vietcombank recorded a 0.004% rise in the…
The Oversea-Chinese Banking Corporation (OCBC) in Singapore is broadening its precious metals sector by introducing physical gold trading and storage services for institutional investors and private banking clients. OCBC perceives an increasing demand for…
United Overseas Bank (UOB) recently unveiled a series of significant leadership shifts within its operations in China and Hong Kong. This announcement is a testament to the bank’s dedication to fortifying its cross-border business operations between China and…
Deel, the global workforce management company, is set to intensify its focus on digital assets as it unveils a stablecoin wallet. This innovative solution is intended to support contractors in emerging economies by maintaining the value of their income,…
Tencent, the Chinese multinational conglomerate, has extended its cross-border payment service, TenPay Global, to non-Chinese citizens. This move allows overseas individuals to send money directly into China and avail themselves of WeChat-related services.…
The antiquated systems of cross-border payments are imposing a substantial financial burden on businesses in Singapore, confining billions of dollars in operational capital and diminishing economic efficiency. This is according to recent research conducted by…
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