News
Singapore’s finance and insurance industry shrank 0.9% in Q1
Banks saw a decline in net fees and commissions during the first three months of 2023.
BPI Wealth tasked by PH state insurance to manage $45m investment fund
The investment fund amount is P2.5b.
Hong Kong’s SFC to allow crypto trading
Final guidelines for crypto investment will become effective starting 1 June 2023.
Indonesian fintech SkorLife raises $4m in seed funding
The funding aims to promote responsible borrowing and fair credit practices in Indonesia.
Hang Seng says ‘be vigilant’ of new deceptive sites
Fraudulent websites may display the bank’s logo.
HSBC names new South Asia head of wealth and personal banking
Kai Zhan g will be responsible for expanding wealth management across South Asia.
Hong Kong’s ZA Bank floats virtual asset trading services
The virtual bank also mulls launching US stock trading services in due course.
Atome’s buy now pay later service now available in Amazon Singapore
Customers can opt to pay in three installments with zero interest through Atome.
Delinquency rate of Korean corporate loans fell to 0.41%
Delinquency rate of household loans also fell to 0.31% in March.
Bad loans of Korean banks fell to 0.33% in March
The volume of resolved loans rose during the month.
Hang Seng organises $100m social loan for Unistress
This funding will entail establishing schools for children and transitional homes for low-income households.
Deutsche Bank announces two APAC M&A co-heads
The new appointees will report to the head of Investment Banking Coverage and Advisory, APAC.
Singapore central bank boosts efforts for AI and data analytics skills
The central bank will aggregate skills demand and collaborate with financial institutions.
Economic woes, higher rates weigh on Islamic banks’ financing growth
Indonesian banks may benefit from widening margins, however.
HSBC appoints Wing Tai Properties CEO as independent non-executive director
Cheng has also been named to HSBC’s remuneration committee and risk committee.
Taipei’s Fubon Bank reports record-high Q1 profits
Credit card issuance also saw a surge.
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