News
CIMB net profit up 28.3% in 2024; special dividend proposed
CIMB net profit up 28.3% in 2024; special dividend proposed
The 7 sen special dividend is separate from the annual dividend of 36 sen per share.
Tiger Brokers introduces debit card that gives fractional shares as rewards
It can be added to Apple Pay or Google Pay wallets for contactless payments.
Indonesia’s Islamic financing to expand by 10% -12% in 2024: deputy gov
Indonesia’s sharia economy and finance maintained positive growth in 2023.
Malaysia, Cambodia float plans to link domestic payment systems
They are also aiming to eventually enable cross-border QR payments between the two countries.
Maybank’s full year net profits up 17.5% to $1.96b
The total dividend of 60 sen per share is its highest post-pandemic.
Hang Seng Bank expresses support of budget measures for SME, financial market
Amongst initiatives were the advancement of digital finance and support for SMEs.
Digital bank deposits to surpass $20t by end-2024
Convenience of remote banking has changed how people manage their money.
StashAway launches wealth management offering for Hong Kong’s HNWs
HNW clients make up 65% of StashAway’s AUM in the city.
ZA Bank officially unveils US stock trading service in Hong Kong
The bank charges a trading commission of US$0.012 per share.
OCBC net profit up 27% S$7.02b in FY2023; final dividend is 42 cents
Total dividend of 82 cents is 12% higher than the previous fiscal year.
Citi opens two new wealth centres in Singapore
One Holland Village and Parkway Parade have floor areas exceeding 3,000 sqft.
Norinchukin Bank announces senior leadership changes
The leadership changes are effective 1 April 2024.
Ant Group outbids Citadel for Credit Suisse’s China investment bank venture: report
But this faces a “thorough review” because China favors a foreign buyers, sources said.
Mastercard, Octopus enable contactless payments in 180,000 HK touchpoints
Travelers will be able to use their Mobile Octopus across all MTR routes.
Australia’s central bank names first-ever COO
Susan Woods has served as Assistant Governor (Corporate Services) at RBA since 2018.
Citi names J.P. Morgan banker as head of banking, executive vice chair
Viswas Raghavan was CEO of J.P. Morgan in EMEA since 2017.
Hong Kong’s BEA launches WMC 2.0 Southbound services
BEA offers 250 eligible fund products under the expanded WMC scheme.
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