News
AlipayHK users benefit from Blue Cross travel insurance promotion
Travellers can purchase a five-day travel insurance plan for HK$1.
2 hours ago
AlipayHK users benefit from Blue Cross travel insurance promotion
Travellers can purchase a five-day travel insurance plan for HK$1.
2 hours ago
Philippine neobank Zed offers credit card with no interest and no annual fees
It has reportedly received 25,000 sign-ups within three weeks.
21 hours ago
Citi names Marc Luet as Asia North & Australia Cluster and Banking Head
Luet replaces Angel Ng, who is retiring on 5 April after 26 years with the bank.
21 hours ago
ZA Bank has detected HK$4b of suspicious financial activities
Its real-time fraud monitoring system screens 100,000 transactions per day.
22 hours ago
Taiwan credit card firms’ hold $3.34b in revolving credit as of January 2024
A total of 37.89 million cards are active as of end-January, according to official data.
23 hours ago
Korea’s credit finance companies’ net income 20.7% lower in 2023
Total revenues rose, but so did expenses and bad loans coverage.
23 hours ago
EXIM Thailand inks MOU with SINSOURE; to provide risk, investment support
It aims to facilitate market penetration for Thai and Chinese exporters.
1 day ago
South Korean credit card firms report $1.93b net income for 2023
Total revenue and expenses rose during the period.
1 day ago
South Korean domestic banks’ earnings rose 15% in 2023
Banks are bracing for more bad loans and raised their allowance for bad debts.
1 day ago
BDO reports 28% higher net income of $1.32b in 2023
Consumer loans and deposits both rose during the period.
1 day ago
BOCHK warns of fraudulent website in phishing scheme
The case has been reported to Hong Kong authorities.
3 days ago
Game changer: Gen AI can transform how banks tackle regulation and risk
Banks are advised to prepare a catalog of prod ready gen AI services and solutions.
3 days ago
Strong liquidity, moderate risk to prop up Gunma’s “weak yet improving” profits
Gunma Bank’s problem loan ratio has improved to 1.6%, from 2.3% previously.
3 days ago
BOJ disbursed $66.4b in loans to stimulate bank lending
The outstanding balance of 6 major banks is at $218b.
3 days ago
Allianz Life, HSBC Malaysia unveil two new investment-linked funds
Its fund manager is BlackRock.
3 days ago
ELS-related losses to reduce Koreans’ operating profits by up to 34%: Fitch
Banks are believed to have accounted for 82% of $14.4b in ELS sales in 2023.
4 days ago
Citi appoints Lin Hai as head of China commercial bank business
Lin was most recently head of corporate sales & solutions for China and HK.
5 days ago
Commentary
Transition and Opportunity: Southeast Asia’s Share of US$7 Trillion Value