News
Thailand tightens anti-money laundering measures after UN report
Thailand tightens anti-money laundering measures after UN report
An OHCHR report alleged that Thai FIs provided services for arms procurement.
Financials sector tops Asia Pacific ex. Japan M&A: LSEG
Industrials and high technology sectors were also active in 2024
APAC investment banking fees drop to lowest in 5 years
Its total ECM underwriting fees were its lowest since 2013.
Japan, the Philippines renew bilateral swap agreement
The size of the BSA remains unchanged: $12b for the Philippines and $500m for Japan.
Over 3 in 4 Visa payments in Vietnam are contactless
Over 4 in 5 in Vietnam named mobile wallets as their preferred payment method.
Malaysian private sector loans rose by 5.4% in Nov
Corporate bonds grew whilst business loan growth was unchanged.
OCBC launches bespoke tokenised bonds for corporate investors
They can subscribe to tokens at S$1,000 denominations, for example.
BDO names Jeffrey Alejandro as chief audit executive and IAG head
He worked for ING Bank NV and Citibank NA previously.
UnionBank names Vivian Perez as financial risk and performance head
The appointment was effective 2 January 2025.
RBI lifts lending restrictions of Arohan Financial Services Limited, Kolkata
The company initiated remedial action and submitted its various compliances to the central bank.
Taiwan, Lithuania ink MOU for financial services innovation
They agree to exchange information on emerging market trends and relevant regulatory issues.
MUFG Bank reorganizes overseas securities subsidiaries
Three securities firms will now become direct subsidiaries of the bank.
Lawrence Goh is NETS’ newest UOB board representative
He is head of group technology and operations at UOB.
DBS Bank India names Rajat Verma as CEO
Verma will succeed Surojit Shome, who is retiring on 28 February.
Etiqa, Maybank launch Singapore's first Takaful in 10 years
The plan combines ethical investment options with flexible wealth accumulation.
OCBC Hong Kong sells 33% stake in Hong Kong Life
Yue Xiu Enterprises (Holdings) bought the stake from the bank.
Sri Lanka and Vietnam banks to boost 2025 financials
Sri Lanka’s political crises are receding; Vietnam will be lifted by higher loan growth