Payments, fintech and the money moves powering Asia's retail economy.
Just as “bad cases make bad law,” to cite the ancient legal adage, bad stock markets make for bad investment decisions. China’s stock market, with its repeated crashes, has the entire world in a tizzy. The Shanghai stock exchange experienced its shortest…
Last December proved another positive month for the private sector, with overall business and operating conditions holding up. The Nikkei purchasing managers’ index (PMI), which is a proxy for business activity, inched down from 52.2 in November to 52.1 last…
European shares fell on Wednesday as a self-professed bout of nuclear testing by North Korea and a falling renminbi rattled investors. By late morning in London, the FTSE 100 was down 1.33% at 6,055.53. Mining stocks, as leaders BHP Billiton (BHP) and Rio…
FC Barcelona and Bank Mega signed a Regional Partnership Agreement last December to officially confirm the latter as FCB’s Official Bank in Indonesia. The representatives of the Club at the signing ceremony included Manel Arroyo, Vice Chairman, Francesco…
Fresh off its worst year for listings in at least two decades, the Singapore stock market now faces the threat of fading into an irrelevant backwater for global investors as large privatisations, small floats and a broad-based equities slump continue to erode…
Although currently weak in personal finances, consumers in Singapore have expressed confidence over the next five years. This has led December’s level of consumer confidence to rise to levels above the long-term average, according to the results of the…
Private lender Bank DBS Indonesia, part of Singapore’s DBS Group Holdings, expects higher loan growth this year compared to 2015 as it predicts an improvement in the country’s economy. DBS Indonesia president director Paulus Sutisna said the bank projected…
Canada’s Manulife Financial Corp is looking to revive a plan to list a real estate investment trust in Singapore this year after an initial public offering (IPO) was shelved last year due to poor market conditions. “We’d very much like to bring it back,”…
THE GAISANO family has taken in Woori Bank of South Korea as a strategic partner in thrift bank subsidiary Wealth Development Bank Corp. to brace for stiffer competition in the banking system. Cebu-based Vicsal Development Corp. (Vicsal), the parent firm of…
The Gaisano family has enlisted Woori Bank of South Korea as a strategic partner in thrift bank subsidiary Wealth Development Bank Corp. to boost the banking unit amid a competitive local banking landscape. Cebu-based Vicsal Development Corp. (Vicsal), parent…
Reading the annual report of a company is a great way to learn more about it. I had recently read through the latest annual report from Singapore Press Holdings Limited, a leading media organization in Singapore. There are several important things I had…
Trading in China’s stock markets has been halted for the rest of the day, after a 7 per cent plunge in the blue-chip CSI300 index in the afternoon trading session triggered a circuit breaker mechanism which came into effect on Monday (Jan 4). Earlier in the…
Regional lender, PT Bank NTT, in East Nusa Tenggara, recorded a strong growth of 44.03 percent year-on-year in assets to Rp11.9 trillion in 2015. “The bank has recorded a steady growth until the close of 2015,” Daniel Tagu Dedo, the president director of the…
South Korean stocks rose marginally high on Tuesday, propped up by rallies in pharmaceutical and retail companies. The local currency lost against the greenback. The benchmark Korea Composite Stock Price Index (KOSPI) added 2.25 points, or 0.11 percent, to…
The Securities and Exchange Commission (SEC) has approved the merger of China Bank Savings Inc. (CBSI) and Planters Development Bank (PDB), with China Bank becoming the surviving corporation. Both CBSI and PDB are subsidiaries of retail tycoon Henry Sy’s…
Deutsche Bank has agreed to sell its 20 percent stake in China’s Hua Xia Bank to insurer PICC Property and Casualty Co for up to 25.7 billion yuan ($4 billion) as it seeks to raise cash and reduce its balance sheet exposure. “As we execute on Deutsche Bank’s…
Weekly Briefing
Tuesday, Thursday and a Saturday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.