Economy

WeLab Bank disbursed HK$61.56m subsidies for HS Chau Foundation

WeLab Bank disbursed HK$61.56m subsidies for HS Chau Foundation

The students come from 354 government and private secondary schools across the city.
2 days ago

Mizuho lists Saudi Arabia ETF on Tokyo Stock Exchange

The ETF invests in the Saudi Arabian equity market.
2 days ago

South Korea to implement KOFR in derivatives market in 2025

Target share is 10% in 2025, and 50% in 2030.
3 days ago

Banks to face trade tensions, tariff-linked policy shifts, and property woes in 2025

The still-high interest rates might push banks’ credit losses to increase by 7% in 2025.

Strategic purchasing dominates global consumer habits in 2024

Lower inflation drives quality-focused purchases and financial comfort.  

SMEs, crypto regulations key to Bahrain’s fintech ambitions

Stablecoins and crypto payments are areas of interest for the central bank.

UOB, SGE ink MoU to deepen gold market cooperation

UOB is the only bank providing gold products in Singapore.

Financial crimes to continue to squeeze bank profits

More sophisticated crooks and stricter rules are expected to increase compliance costs.

China's financial sector intensifies efforts to stabilise economy

The transformation of the monetary policy framework has also accelerated.

Fed rate cuts may boost ASEAN fintech funding

Interest rate cuts and emerging tech are driving fintech growth.

Digital assets create new “rails” for money movement

It complements existing banking infrastructure.

MAS aims for robust transition credit demand at COP28 through coalition

TRACTION aims to develop approaches to meet these needs and expand the credit market.

Banks gain 50% more tech capacity with productivity focus

Generative AI tools to streamline tasks can yield productivity gains of up to 30%.

Asia struggles with G20 payment targets

The ultimate goal is for cross-border payments to achieve “the speed of the internet.” 

Client demands push banks toward frictionless experiences

Compliance, client expectations, and legacy tech challenge banks' 2025 goals.

Gov’t support keeps APAC banks stable

Each market has their own problems, such as floods and weak property demand.