News

Vietnam’s Techcombank sees net profits slide 17.1% in Q1

Net interest income fell, but net fee income rose.

Vietnam’s Techcombank sees net profits slide 17.1% in Q1

Net interest income fell, but net fee income rose.

Mastercard to remove first-use PVC plastics from payment cards by 2028

It will instead use recycled or bio-sourced plastics, the payments company said.

Alipay+ accessible in 11,000 SG Hawker Centre stalls

Users of the platform and partner e-wallets can pay through the SGQR.

Smiles Mobile Remittance adds bills payment for Filipinos in SG

This enables Filipinos based in Singapore to pay their bills via mobile phone.

HSBC Singapore, MSIG enter 15-year bancassurance partnership

MSIG will distribute commercial and personal insurance solutions to HSBC’s SG customers.

Citi names Vikram Singh as CEO of Malaysia franchise

He reports directly to South Asia and ASEAN head Amol Gupte.

Citi’s institutional, corporate banking arm in Asia sees 14% higher revenue in Q1

The Institutional Clients Group’s net income for Asia went up 31% compared to Q1 2022.

India’s Yes Bank records 45% net profit drop: report

Net profit fell much lower than anticipated by analysts.

Singapore and China launches taskforce for green finance

The collaboration will be co-chaired by Gillian Tan and Dr. Ma Jun.

Steady margins will push Daegu Bank to stable profits in 2023

The bank’s dividend payouts will remain at current levels of 40% to 50%, Moody’s reported.

Japan’s Chiba bank to maintain above domestic average profitability

The bank will maintain strong loan quality and liquidity, Moody’s said.

MAS unveils Finance for Net Zero Action Plan

The new net zero plan has expanded to include transition finance.

SG fintech Adyen appoints Priyanka Gargav as country manager

She will continue her role as head of commercials for SEA and Hong Kong.

CIMB Bank and OxPay join forces for digital payment solutions

The partnership will serve as a starting point for additional talks that may involve signing separate agreements.