News
South Korea’s corporate financing dropped in May
South Korea’s corporate financing dropped in May
Equity issues and IPO volumes plummeted during the month.
Balance of Taiwan’s cash card loans is $372.4b in April
There are 0.3 million cash cards recorded during the month.
Taiwanese credit card firms’ revolving credit up 2.05% in April
A total of 38.12 million credit cards were active in Taiwan as of end-April.
Credit Agricole names new chief representative officer for Indonesia
Alexis Rafiidson succeeds Xavier Roux, who is retiring.
Singapore and Cambodia launch financial transparency corridor for SME trade
Participating financial institutions include ANEXT Bank and Advanced Bank of Asia.
Overseas Filipinos’ personal remittances up 3.1% in April
Remittances from the US, Saudi Arabia, and Singapore all grew.
Ant International unveils microlending service bettr
It has partnered with Thailand’s AWC to start.
Hong Kong’s ZA Bank unveils stock rebate programme
Users can also collect a big-name US stock worth up to $77.77.
Mizuho and Lombard Odier ink sustainability alliance agreement
Lombard Odier will act as a strategic advisor and consulting partner to Mizuho.
MUFG issues apology after authorities recommend administrative action
Its two companies were accused of inappropriately sharing data between them.
Japan’s SMBC and Asuene to offer decarbonisation management solutions
SMBC and Asuene floated plans to expand globally.
Kenanga Investment Bank names ex-Citi banker as iindependent non-exec director
Angeline Ong Su Ming spent two decades working in Citigroup.
OCBC Securities launches Singapore’s first AI stock-picker
The AI-powered tool will be key to boosting its pool of active investors.
DBS Hong Kong names Ed Lam as board member
Lam is the CEO of LFX Limited.
OCBC Digital Silvers Programme targets 10,000 “digitally shy” elderly
The bank kicked off the programme in 2024 with a carnival-style event at Bishan Community Club.
DBS named as SEA’s most profitable bank
DBS ranked as the 10th largest company in terms of revenue in Fortune’s SEA 500 list.
Rapid loan growth weighs on Bank of Suzhou’s capital ratios
The bank is expected to maintain good asset quality over the same period.
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