Economy

SCB sells food delivery platform Robinhood for over $61.3m

The buyers, led by Yip In Tsoi Group, will make an initial payment of $12.27m.
7 minutes ago

SCB sells food delivery platform Robinhood for over $61.3m

The buyers, led by Yip In Tsoi Group, will make an initial payment of $12.27m.
7 minutes ago

Mizuho purchases non-voting minority stake in Golub Capital

Mizuho’s stake represents less than 5% in Golub Capital’s management companies.
13 minutes ago

Hong Kong deposits see modest growth in August, up 1.1% YoY

Year-to-date, total deposits have grown by 5.0%.
1 day ago

APRA revokes two banking licences

At the time of revocation, the bank had not launched any products.
1 day ago

Central banks of Thailand, Vietnam hold bilateral meeting

The central bank representatives discussed banking and policy issues.
2 days ago

BNM proposes roadmap for transition to the Malaysia Overnight Rate

It proposed ceasing the usage of KLIBOR by 2027 and 2028.
2 days ago

Malaysia, Indonesia renew bilateral swap agreement.

The agreement has been extended for another 5 years.
2 days ago

Taiwan’s financial regulator names new director general for financial examination

Chen-chang Tong assumed his new role on 25 September 2024.
6 days ago

HKMA suspends banker for signature forgery on deposit form

He photocopied a customer's signature on a time deposit application form.

Evolving digital strategies boost brand equity and revenue

Precise targeting is essential for maintaining long-term brand equity.

HKMA proposes simplification of three-tier banking system

It aims to simplify DTCs to second-tier institutions.   

PH central bank welcomes new anti-financial account scamming law

It authorises the BSP to investigate cases violating law, amongst others.

Evergreen and UBBIB sign strategic partnership, paving the way for a multimillion-dollar transformative merger

This collaboration further expands Evergreen's presence in Malaysia’s financial sector.

APAC banks face potential impact from falling property prices

China’s declining property sales and home prices signal weakened confidence.

China's bank assets grow to $60.14t in Q1 2024

This grew by 8.1% on a year-on-year basis.