Banking & Finance

Singapore-based biotechnology startup Mirxes, which focuses on preventive healthcare solutions for cancer and infectious diseases, is weighing an initial public offering (IPO) in the...

Dutch financial services group ING Bank is exiting the retail banking market in the Philippines, just shortly after US banking giant Citi did the...

The central bank of Laos has plans to ban the country’s residents from holding foreign currencies amid spiraling inflation and the rapid depreciation of...

Indonesia’s national airline Garuda Indonesia will have to pay its creditors a total of 120.5 trillion rupiah ($8.3 billion) if it wants to carry...

A new digital bank has started operations in Singapore after receiving approval from the Monetary Authority of Singapore (MAS) to commence business on June...

Green Link Digital Bank, or GLDB, the first digital bank to operate in Singapore, opened its virtual doors for business on June 3, the...

UK-based multinational banking giant HSBC is considering listing its Indonesia unit on the stock exchange in Jakarta, Bloomberg News reported with reference to unnamed...

As many as 32 per cent of Cambodian consumers plan to stop using cash for their errands and bill payments following the Covid-19 pandemic,...

The eastern Malaysian state of Sarawak has entered talks with Norway to set up and manage a sovereign wealth fund from oil and gas...

Chinese e-commerce and Internet technology giant Alibaba Group has put into operation its first data center in Thailand to tap the country’s growing cloud...

Vietnam’s domestic car maker VinFast once again is set to postpone its much-awaited initial public offering (IPO) in the US, likely until next year...

Philippine stocks dropped to a new nine-month low on May 10, the day after Ferdinand Marcos Jr., son of late dictator Ferdinand Marcos, won...

Philippine think tank Action for Economic Reforms (AER) has warned that a potential presidency of Ferdinand Marcos Jr., the son of the country’s late...

Thai Beverage, the company that produces Thailand’s iconic Chang beer and the popular Mekhong rice liquor, among others, has revived plans to list its...

The International Finance Corporation (IFC), the World Bank’s private development lending division, is faced with a complaint by two Cambodian non-governmental organisations (NGOs) for...

Malaysia awarded digital banking licenses to five companies out of a total 29 which have applied for them, the country’s central bank said in...

Myanmar’s central bank has announced an exemption for foreign entities from a controversial new policy requiring all their foreign exchange held in banks or...

US financial services majors Goldman Sachs and JPMorgan Asset Management have given business news channel CNBC their top picks for investments in Southeast Asia...