Frances Gagua
Taiwan’s B2B sector sees bad debt triple
Taiwan’s B2B sector sees bad debt triple
The local chemicals industry has as high as 12% of B2B debt turning sour.
South Korea’s kakaobank “most recommended” retail bank in APAC: survey
Indonesia’s BCA and StanChart Taiwan also topped the list.
Chinese banks face tough balancing act of keeping profits, buoying economy
Smaller banks face being left in weaker financial positions, Natixis warns.
Malaysia’s Fynance launch pay later services for corporates
Users can gradually replay in flexible installments.
Banks’ tech risks intensifies as digitization ramps up: Fitch
Tech failures will have significant reputational and regulatory consequences for banks.
Thai bank earnings rise in Q2, but bad loans slated to rise
Rising costs and no more relief from the regulator will cause a rise in the bad loans ratio.
ING pulls back from the Philippine retail banking market
Over 380,000 clients are expected to be affected once they leave the market by end of the year.
Woori Bank probed for alleged irregular foreign currency transactions: report
Sources said that the deals, worth billions of won, were executed over the past year.
SMEs embrace flexible payments as consumers seek digital options
This is accompanied by the rise of biometrics to safeguard accounts.
Singapore’s investment banking fees rise 3.3% in first half of 2022
However, DCM underwriting fees were slightly lower than in 2021.
CIMB Niaga, JCB Indonesia launch digital credit card
The card offers 10% cash back for online transactions through OCTO Mobile.
St. James Place’s Eight Wealth Int’l names head of tax and estate planning
Kelly Greig will offer tailored advice and services to affluent clients in Asia.
DBS PayLah! enables QR payments in 45 markets through UnionPay
Users can now pay with QR code in one of UnionPay’s 31 million retailers worldwide.
Citi names new Asia cluster heads
Singapore Citi Country Officer Gupte is now head of South Asia & ASEAN.
BigPay unveils cash pickup for remittances to the Philippines, Indonesia
It boasts over 14,000 pickup locations across the two countries.
livi bank, Mastercard offer private film screening at the CORONET
Each booking entitles users to a 20% cash back and a bottle of Prosecco.
Japan fintech investments fall to five-year low in Q1
There were only eight investment transactions during the quarter.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. HSBC Singapore unveils wealth centre at The Star Vista mall 4. Citi names Goldman Sachs banker as head of markets solutions in Asia South & North 5. The Asian connection: China's path to sustainable growthResource Center
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The Asian connection: China's path to sustainable growth