Pei-Si Lai, CEO of GXBank, Malaysia's first digital banking firm, will take over from Muthukrishnan Ramaswami, who is retiring, at the beginning of June.
Clean energy investments are ramping up in Apac, but a $800bn annual shortfall risks slowing momentum. At Temasek’s Ecosperity Week, IFC's Riccardo Puliti and BlackRock's Susan Chan called for bolder partnerships, clearer policies, and better capital mobilisation.
The tariffs are set to come in on Wednesday, April 9, and could cause huge upheaval for US companies, Chinese companies and Vietnamese companies across their supply chains.
Global stock markets are tumbling as US president Donald Trump unveils sweeping global tariffs, with many Asian economies hit hard; many fear the move could spark a global trade war as China's retaliation to hit US chip imports, and US recession fears climb.
The new regulation is targeting digital asset and payment service providers in both cryptocurrencies and stablecoins; draft legislation is expected by the end of 2025.
Artificial intelligence is helping improve trading efficiency, however, a balance with cost efficiency is crucial for financial institutions to stay competitive.
The city will “regularise” the issuance of tokenised bonds, according to Hong Kong's financial secretary at his latest Budget speech; Chan is expecting GDP growth of 2% to 3% in 2025.
Rmb internationalisation faces challenges from Trump’s determination to keep the US dollar as the leading global currency; FA understands that Hong Kong is taking a more "commercial" approach.