Frances Gagua

BPI Private Wealth aims to double assets and capture 25% local HNW market

CEO Maria Theresa Marcial says they are targeting US$53b in AUM by 2026.

Weekly Global News Wrap: HSBC may receive just $21.7m from Russia sale; 282 US banks at risk

And Japan’s small businesses, homeowners brace for life after the interest rate policy shift.

Maybank inks MOU with fintech Doxa for supply chain financing

Services include digitisation of documents and other payment solutions.

Mobile tap payments produces least carbon emissions vs cash and ATMs: study

ATMs make up a bulk of carbon emissions, at 7.14g CO2e per transaction.

Standard Chartered HK’s priority banking clients doubled in 2023

Overseas spending from priority clients have increased 2.5 times last year, SCHK said.

Malaysia’s GX Bank outlines brand purpose of financial inclusion and literacy

It focuses on individuals with a median household income of RM3,000 and gig workers.

Japan banks clinch $1.98b boost in interest income after policy shift

But a rise in deposit rates presents risks, analysts warned.

BSP says ‘Currency Computing Mining Machines’ not under its purview

The Philippine central bank also warned against SKPOOLS MINING CORPORATION.   The Philippine central bank has warned the public against “Currency Computing Mining Machines”, saying that these are not within its purview.

Foreign banks’ Korean earnings up 6% on higher securities income

The net interest margin declined from 0.75% to 0.63%, according to official data.

DBS and JPMAM unveils investment portfolio for retirement needs

The portfolio calibrates asset allocation depending on investors’ life stages.

BOCHK warns against 4 fake websites

The sites purport to be from a logistics service provider and online trading platform.

Asia's Voluntary Carbon Markets Beyond the Storm: New Opportunities for Financial Services?

There is considerable potential that voluntary carbon credits can become an asset class in its own right.

Banks fine but SMEs at risk by Japan's 'historic' policy shift

SMEs may see more challenges from the higher interest rates and higher wages.

Japan exits negative interest rate policy on record wage hikes

With salaries rising by 5.28% on average, the BOJ sees cycle of wages and prices more “solid”.