
Singapore Retrenchments Hit Four-Year High of 4,620 in Second Quarter
Displacements across financial services and technology pushed quarterly layoffs to their highest level since late 2020 as re-hiring speeds slowed.
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Displacements across financial services and technology pushed quarterly layoffs to their highest level since late 2020 as re-hiring speeds slowed.

Fitch Ratings expects earnings gains to outweigh higher bond valuation losses and deposit costs over the next one to two years.

Japan’s Sumitomo Mitsui Trust Group will establish a partnership with a Vietnamese state-owned bank to capture household wealth shifting into capital markets.

Both companies will be part of a newly formed financial entity that aims to provide inclusion through financial services across Southeast Asia. Singapore’s Xfers has received a strategic investment of $30 million from Payfazz, which operates the largest…
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