Asia could account for almost half of global fintech transactions by the end of the year as it continues to outpace other regions, according to recently published research. A report from Singapore-based fintech UnaFinancial found that fintech-related transactions reached $16.8tr...
Standard Chartered has become the first international bank to fully adopt the International Chamber of Commerce’s (ICC) Principles for Sustainable Trade Finance, the bank announced yesterday from its Singapore headquarters. The ICC published these principles in October 2024, establishing clear...
The Digital Container Shipping Association (DCSA) announced the release of the final version of its Booking 2.0 and Bill of Lading 3.0 standards, which set universal frameworks on the treatment of key trade documents and the communication between shippers...
Indonesia has launched a new sovereign wealth fund to manage more than US$900 billion of state assets, two weeks after its parliament approved legislative amendment paving the way for the creation. Known as Daya Anagata Nusantara or Danantara, the wealth...
Its earnings per share is S$1.67, and total dividend is S$1.01. Oversea-Chinese Banking Corporation (OCBC) reported a net profit of S$7.59b (US$5.63m) for FY2024, an 8% year-on-year (YoY) increase, its latest financial highlights showed. Its banking operations’ net profit rose 5%...
Nearly $7T added to global debt last year, says Institute of International Finance. The amount of global debt rose to a record high of $318 trillion last year, according to a report released by the Institute of International Finance (IIF)...
South Korea’s central bank cut rates by 25 basis points Tuesday to their lowest since August 2022, as it strives to stimulate a slowing economy. The Bank of Korea reduced rates to 2.75% from 3%, in line with expectations from...
Piraeus Bank, Greece's third-largest lender by market value, on Monday reported a double-digit rise in 2024 earnings on higher net interest income and lending, and said it expected a similar profit figure through to 2028. The bank posted a net...
Strong capital markets drive revenues, profits higher in Q4. Bolstered by strong capital markets businesses, the large, global investment banks based in Europe reported robust fourth quarter results — and are poised for a solid 2025, says Moody’s Ratings. In a...
Operating profit before impairment losses is up 3%. The Bank of East Asia (BEA) has logged a profit attributable to owners of the parent of HK$4.6b (approximately US$591.9m) in 2024, 11.9% higher compared to 2023, the bank’s latest financial highlights...
