News
Nomura adds Allspring Income Fund to private banking lineup
Nomura adds Allspring Income Fund to private banking lineup
The fund will be offered to private banking clients in Singapore and Hong Kong.
MUFG’s APAC transaction banking team names three new MDs
Two head the transaction banking teams in India and Indonesia, respectively.
Taipei Fubon Commercial Bank well-buffered to withstand market volatility
Asset quality of corporate lending will weaken moderately, however.
HSBC and Mastercard roll out mobile virtual corporate card in Hong Kong
HSBC’s commercial customers can issue virtual cards through a portal.
MUFG eyes enhancing intra-Asia flows, sustainability, O&D in FY2025
They are looking into AI as a means to adopt more sustainable and digital practices.
UOB becomes direct participant of China’s cross-border interbank payment system
UOB will provide one-stop cross border RMB clearing, settlement, and payments.
ASIC issues warning to influencers promoting high-risk financial products
The influencers are providing unauthorised financial product advice, ASIC said.
Malaysia rolls out innovation lab for climate finance solutions
Greater private sector involvement is needed to accelerate Malaysia’s climate journey.
DBS partners with Austrade to help Australian companies expand into SEA
DBS will provide advisory services, financial planning, and risk management.
Mizuho has given out JPY40.3t in sustainable finance loans in 5 years
The bank expects to have reduced its Scope 1 and 2 emissions by 64%.
Bank Central Asia prioritises margin stabilisation over aggressive loan growth
Its LDR and cost-to-income ratio are the lowest amongst its peers, UOBKH said.
1 in 2 Gen Alpha has digital wallet, investment account
Over half uses a digital wallet, and nearly the same share has an investment account
Visa unveils option to switch between debit and credit card in Vietnam
The Visa Flex Credential enables cardholders to do the switch via their bank app.
Alipay enables in-store payments using AR glasses in China
Users will confirm payments using their voice.
Salmon Group raises $88m to expand its business in the Philippines
The equity round was led by venture capital firm Spice Expeditions, LP.
Bank Tabungan Negara’s high asset risk remains despite strong capital ratio
Profitability is expected at 0.55% to 0.65% in 2025 on higher credit costs.
Nanyang Commercial Bank still weighed down by property risks in 2025
The de-risking process is expected to take a longer time, Moody’s said.
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Commentary
Electronic trading proves its strength in times of volatility