News
Citi renews custodial and fund services contract with Australia’s Hostplus
Citi renews custodial and fund services contract with Australia’s Hostplus
Citi and Hostplus have worked together for 13 years.
Think tanks urge Bank of Korea to move from climate research to action
The BOK is called to implement concrete policies that shift financial flows away from high-carbon sectors.
DBS Hong Kong to open Treasures Centre in Kowloon
The three-storey place will serve the bank’s affluent clientele.
MUFG completes $4.26b Shriram Finance investment
It now holds a 20% equity stake in SFL.
Eximbank leadership churn triggers governance vulnerability
Seven board directors and board of supervisors’ members resigned in February.
Eximbank board member withdraws resignation whilst others set to leave
Pham Tuan Anh said he talked with the board and management in making his decision.
Crédit Agricole shifts 350 staff into new Japan office
The group has opened a workplace on the 50th floor of Azabudai Hills Mori JP Tower.
MUFG support may lower Shriram’s risky loans over time: report
It enhances Shriram’s access to capital and funding markets over time, said CreditSights.
CIMB commits to Kuala Lumpur digital MSME push
CIMB and the KL city hall will also host events, festivals, and even public arc initiatives.
UOB faces margin pressure in Q1 as fees ease
Wealth management fees may grow at around 3.3% YoY during the quarter, said CGSI.
OCBC rolls out gen AI skills training programme for wealth advisors
It is now live in Singapore and will be rolled out in Malaysia and Hong Kong at a later date.
StashAway launches lifetime perks for regular investors
They can get an additional 0.15% pa returns or add to their ETF portfolio with no order fee.
ING's Philippine leaders advance AI strategy with sustainability focus
ING maintains a clear position that its AI strategy is grounded in responsibility and sustainability.
Digital assets to become treasury standard in 5 years: HSBC survey
Majority of Asian businesses and investors polled said that digital assets will reshape capital markets.
DBS Q1 profit may fall to $2.2b on margin pressure and record wealth fees
Wealth fees could grow by around 10.5% year-on-year, analysts said.
Vietnam’s HDBank partners LSE to drive cross-border fundraising
They have made cooperation agreements with several Vietnamese businesses.
BSP offers loan relief measures to ease energy price pressures
The BSP also asked FIs to temporarily suspend online banking and e-money service fees and charges.
Commentary
Built to last: How Japan is approaching the cross-border payments challenge
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance