Staff Reporter
MSIG, Bank of China and China Pacific ink bancassurance deal in Thailand
MSIG, Bank of China and China Pacific ink bancassurance deal in Thailand
It aims to leverage the $5.2b in new Chinese investments entering Thailand in 2024.
UOB reports flat net profit growth in Q1 despite record fee income
Net fee income rose to a new high but non-interest income fell.
Chart of the Week: Australia’s credit and charge market to rise in 2025
Benefits and flexible repayment options is driving frequency of use.
Wealth managers must address safe-haven shift of wealthy Chinese investors: analyst
Over a quarter of HNWs’ wealth are parked in low-risk assets.
J.P. Morgan unveils automated cross-currency payment collection and settling service
It allows invoice and collection in one currency, and payment setting in another.
Filipinos spent 49 years using non-bank digital lending apps in 2024
Active users wer said to have spent 12 minutes and 14 seconds per month using such apps.
Total spending in China via Alipay’s overseas wallets doubled during Labor Day holiday
Alipay Tap! also saw a 50% rise in spending during the period.
Weekly Global News Wrap: BNY Mellon mandates 4-day office rule; EU weighs UniCredit bid
And Warren Buffet will step down as chief of Berkshire Hathaway by the end of 2025.
Westpac’s losses likely to stay low over next two years: S&P
Success of its “Unite” project will be crucial to support its business franchise and stability.
Westpac’s net profit dip 1% to $2.13b in H1 2025
The bank said it is managing their margins and working on cost management.
Bangkok Bank connects with China’s fund transfer network
This is expected to reduce transaction times and costs for export-import businesses.
Kookmin Bank profitability to decline on higher costs and narrowing NIM
It faces increasing delinquencies of SME loans, Moody’s said.
KB Financial Group’s stable profile carried by non-bank subsidiaries
But the subsidiaries’ credit profiles weakened in the recent downcycle.
ANZ Bank set to unveil password-less web banking in mid-2025
Authentication will be done through biometrics or log-in request app approval.
ING’s net profit down 7.8% to $1.64b in Q1 2025
Its full-year 2025 targets remain the same.
BSP warns of entity fraudulently using its name and logo
The entity collects fees and personal info to purportedly secure clearance for loans.
Bank Negara Indonesia logs 1% YoY net profit rise to ID$5.4t in Q1
Operating expenses increased 4.3% YoY in Q1 2025.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
