Saving up for vacation and leisure overtook financial security as the top financial goal. Singapore has emerged as Asia’s preferred offshore wealth destination, according to a study by HSBC. The country emerged as affluent investors’ top choice in Asia to open...
Citi led the market with US$54m in fees, capturing a 12.5% share. Singapore’s investment banking sector recorded a strong first half in 2025, with total fees rising 38% YoY to US$432.2m, according to LSEG’s latest Investment Banking Review. Citi led the...
The bank is pressing on with expansion plans even as the nation faces a surge in the number of wealthy individuals leaving due to tax hikes. HSBC Holdings is ramping up growth plans for its UK wealth management operations as...
MaintainX more than doubled its valuation to $2.5 billion in its latest fundraising round, the equipment maintenance startup said on Wednesday, as startups that combine artificial intelligence with physical operations continue to attract investor interest. The company raised $150 million...
Late-stage investments rose but seed stage and early-stage funding both fell. Southeast Asian financial technology (fintech) companies amassed a total of $776m investments in the first six months of 2025, a 22% drop compared to the first half of 2024,...
Paper calls for central banks to lead preparations for looming security risk. The prospect of quantum computing poses an imminent threat to financial industry security, demanding urgent attention, according to a new paper from researchers at the Bank for International...
Vietnam’s economy expanded by an estimated 7.67% year-on-year in the second quarter, according to Finance Minister Nguyen Van Thang. This growth rate surpasses the 6.93% expansion recorded in the first quarter of 2024. The combined growth for the first half...
Oman’s banking sector showed robust growth by May, with total credit rising 8 percent to 33.6 billion Omani rials ($87.36 billion) and deposits increasing 7.9 percent, reflecting strong private sector activity and confidence. Data from the Central Bank of Oman...
The world's biggest multilateral climate fund said it will make its largest ever series of investments and speed up dealmaking as it looks to help poorer nations respond to global warming. The Green Climate Fund's plan to release about $1.2...
In contrast, Japanese megabanks and DBS saw their market caps fall. Falling interest rates attracted investors to bank stocks and pushed up the market capitalizations of most major banks in Asia Pacific. Commonwealth Bank of Australia (CBA) became the fifth largest...
