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CIMB Group, Malaysia’s second-largest bank in terms of assets, has announced its intention to expand its private wealth business to Singapore and Thailand by the end of the year. This move is part of a larger plan to double the bank’s wealth assets under…
Emirates SkyCargo, the air cargo carrier, has unveiled a strategic expansion plan for its freight services throughout East and Southeast Asia. The move is aimed at enhancing the cargo flight frequencies and destinations to meet the increasing demand.…
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.…
In an effort to establish itself as a leading regional hub for integrated professional services, Singapore is taking significant strides. This endeavor has been demonstrated through a recent formal collaboration between the Institute of Singapore Chartered…
UBS is set to transform its U.S. entity, UBS Bank USA, into a nationally chartered bank following approval from U.S. regulatory bodies. The announcement was made via LinkedIn by Rob Karofsky, President of UBS Americas. A Significant Milestone for UBS Karofsky…
More young Malaysians are finding themselves caught in the cycle of debt as the burden of financial obligations – largely from credit card loans – weighs heavy on their incomes. Among them is 29-year-old Chan Jun Hong, who spends almost MYR3,000 (US$763) each…
Great Eastern, the insurance division of OCBC, has introduced a new service tailored specifically for high net worth (HNW) individuals and families across Asia. Great Eastern Private: A Tailored Experience The newly unveiled proposition is named Great Eastern…
OCBC’s private banking division has appointed Bernard Heng, a seasoned expert in the wealth industry, to bolster its custom solutions for ultra-wealthy clients. Appointment of a New Leader The Bank of Singapore, the private banking arm of OCBC, has announced…
SoftBank Corp., under the leadership of President and CEO Junichi Miyakawa, has unveiled a significant development from its Infrinia Team. This team, specializing in the creation of next-generation AI infrastructure architectures and systems, has designed the…
Globe Telecom Inc. has finalized its business arrangement with Singapore-based company, NCS Pte. Ltd., through their joint venture with Yondu Inc., valued at PHP 1.73 billion. This venture was first established on March 26, 2025, and was made public in a…
China Mobile Hong Kong Company Limited (CMHK) has publicized its plans to phase out its 2G services by midnight on June 23, 2026. The aim behind this decision is to sharpen its focus on the development of more sophisticated network technologies. Decline in 2G…
HSBC, the UK-based banking institution, recently undertook a strategic shift in its Southeast Asian operations, assigning an experienced professional to spearhead its markets and securities services across ASEAN. Ruby Ho Takes the Reins Ruby Ho now holds the…
Amazon recently announced robust profit growth for the third quarter, showing sustained double-digit growth due to advancements across the company. Strong Sales and Revenue Growth The net income for the quarter ending on September 30 experienced a 13%…
UBS, a Swiss multinational investment bank and financial services company, has signaled its plans to significantly expand its footprint in the United States’ financial market. This move demonstrates UBS’s dedication to deepening its presence across the…
Deutsche Bank’s Bold Move to Elevate Wealth Management Deutsche Bank is shaking up its wealth management operations in Germany with a strategic reorganization aimed at harnessing growth and capitalizing on lucrative markets. By merging its teams serving…
In a strategic move to enhance digital content delivery in Southeast Asia, Telkom Indonesia has joined forces with Conversant Solutions to introduce content delivery network-as-a-service (CDNaaS) solutions. This partnership is set to transform the landscape…
