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E-commerce heavyweights, Amazon and Flipkart, are planning to venture into the financial services sector in India, by offering loans and buy-now, pay-later (BNPL) options. This strategic move is poised to challenge the traditional banking sector. Amazon’s…
In a recent Occupational Wage Survey released by Singapore’s Ministry of Manpower, flying instructors emerged as the highest-paid professionals in the city-state. Their remarkable median monthly salary of S$21,000 leaves other professions in the dust, with…
Weak loans in India’s banking sector are projected to climb to 3.1% by March 2026, a trend that S&P Global Ratings attributes to both ongoing economic pressures and specific vulnerabilities within certain retail lending segments. Nonetheless, the overall…
Asia’s retail landscape is brimming with innovation, and nowhere is this more evident than in the rise of omnichannel strategies among major players. As consumers in the region demand seamless shopping experiences that integrate both online and physical…
The recent announcement by the National Wage Committee heralds a significant shift for workers in Thailand’s hospitality and entertainment sectors, as reported by Bangkok Post. About 700,000 employees are set to benefit from an impending 7.5% increase in the…
In today’s digital age, obtaining financial assistance has become more convenient than ever. One of the most popular options for borrowing money is an online loan. This type of loan allows borrowers to apply, receive approval, and access funds entirely…
Those looking to access short- to medium-term liquidity from their Bitcoin holdings can now do so through Lombard loans. Relai is introducing the possibility for private, qualified investors to take out Bitcoin-backed loans. The aim is to provide clients with…
Social loans are financing solutions that are implemented to generate positive social outcomes, such as improving access to affordable basic infrastructure and essential services. In a filing with the Philippine Stock Exchange, PLDT announced that its…
The business of providing loans to small and medium firms is booming in Vietnam with the rise of several platforms offering more accessible credit than traditional banks. Bonbon shop, a platform that helps 35,000 grocery stores connect with over 24 major…
Pre-tax profit at Standard Chartered rose in the first half and beat analyst estimates, resulting in the resumption of interim dividend payments. Standard Chartered registered $2.68 billion in pre-tax profit, according to its latest first-half results,…
Citigroup’s profits in the second quarter comfortably beat market estimates in part due to significantly reduced loan provisions driven by an outperforming global economic recovery. Citi posted $6.19 billion in net income for the second quarter, according to…
Alibaba co-founders Jack Ma and Joseph Tsai are reportedly pledging their shares in the Chinese e-commerce giant in exchange for significant loans from global banks. The two tech billionaires have pledged their shares to banks including UBS, Credit Suisse,…
AirAsia Bhd has expanded its airasia super app to provide financial products and services under the “airasia money” banner, beginning with a partnership with financial comparison platform RinggitPlus. Through its partnership with the platform, airasia money…
Lazada has partnered with Southeast Asian fintech startup Alumak to provide online merchants with working capital during the Covid-19 pandemic. Business owners selling through Lazada for at least six months can apply online using their Lazada account in place…
Indonesia AirAsia has been forced to halt its growth plan for this year, as a result of the coronavirus pandemic and economic challenges faced by Indonesia. The plan for 2020 was for the low-cost carrier to increase its market share by adding three new…
Airasia may have enough cash to last them for most of 2020 but it is currently seeking out a loan from the Malaysian government to cushion the impact from the challenging economic environment. The low-cost carrier’s chief executive officer Tan Sri Tony…
