Payments, fintech and the money moves powering Asia's retail economy.
UBS, a major global bank, has recently found itself facing penalties from Hong Kong’s Securities and Futures Commission (SFC). The bank has been fined HK$8 million ($1 million) due to misclassification of its clients under the professional investor regime,…
Vietnamese gold bar rates experienced a climb on Monday morning, following a decrease over the weekend. Saigon Jewelry Company, a notable gold bar trader in the region, saw prices rise by 0.33%, bringing their rates up to VND151.5 million (US$5,750.62) per…
Following allegations of operating a multinational scam and money laundering network, Prince Bank owner Chen Zhi has elicited panic among customers in Cambodia. There has been a significant surge in account holders rushing to withdraw their funds from the…
The Australian Federal Government has made significant strides towards safeguarding the validity of cash as a payment mode for everyday necessities by issuing key provisional regulations mandating the acceptance of cash for fuel and groceries. Details of the…
For five straight days, Hoai, a 38-year-old self-employed individual, has been among the throng of hopeful buyers outside a Hanoi gold shop on Tran Nhan Tong Street. The majority of these people, much like Hoai, end up leaving without any gold in their hands.…
The price of gold in Vietnam continued its upward trend on Thursday morning, with global rates reaching a new high. The price of Saigon Jewelry Company’s gold bar increased by 0.41%, reaching VND148.6 million (US$5,642.15) per tael. The price of gold rings…
Chagee, a leading Chinese milk tea company, is increasing its global presence with the launch of a new flagship store in Malaysia. Location and offerings The newly established Chagee Wolo KL Global Flagship is strategically situated at the busy intersection…
Fintech platform, iCapital, is reportedly planning to expand its presence in the Asia-Pacific region, including in cities such as Hong Kong, Singapore, and Australia. Expansion in Singapore iCapital is currently relocating to a larger office in Singapore,…
UBS, the Switzerland-based banking institution, continues to broaden its reach in the United Arab Emirates (UAE) with a newly inaugurated advisory office in Abu Dhabi. This establishment is an extension of UBS AG and will deliver direct consultation services…
Singapore, during the maiden “Europe Conference 2025”, solidified its position as a reliable conduit connecting Europe and Asia, fostering sustainability, innovation, and enduring collaboration across the continents. The Singapore Business Federation (SBF)…
Citi Commercial Bank has announced the appointment of Srini Kannan as the new Head of Digital and Technology in India. The appointment is set to take effect in early December. Srini Kannan’s Career and Expertise Kannan brings to Citi a wealth of experience in…
Trust Bank is stepping into a new territory with the introduction of a trading platform for US stocks and exchange-traded funds (ETFs). This development makes Trust Bank the first in Singapore to offer fractional trading, thus offering everyday investors an…
The global inclination towards safe assets is anticipated to stimulate increased demand for both gold and bitcoin as primary reserves for central banks by the year 2030. Gold and Bitcoin: Safe Haven Assets Gold has a long-standing reputation as a safe haven…
HSBC’s recent proposal to purchase Hang Seng has raised questions due to the potential commercial real estate risk in Hong Kong. However, some experts believe that possible long-term advantages such as cost synergies may offset these concerns. Deal Details…
Standard Chartered, the British banking heavyweight, is investing heavily in an initiative aimed at fostering a skills-based approach within the organisation. This multi-million-dollar venture is focused on generative AI and data literacy, intending to ensure…
Singapore’s leading insurer, Singlife, has become the trailblazer in its field as it has integrated Agentforce, an Artificial Intelligence (AI) platform developed by Salesforce, into its operations. This collaboration is noteworthy as it is the first in…
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