Frances Gagua

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.

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.

Kenanga Investment Bank names ex-Citi banker as iindependent non-exec director

Angeline Ong Su Ming spent two decades working in Citigroup.

ZA Bank’s Devon Sin on why Web3 is key to HK’s growth

The bank has expanded services to cater to stablecoin issuers and Web3 companies. 

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.