Economy

Why finance leaders push tokenisation as next phase of digital money

Tokenised deposits invert the model, allowing banks to deliver liquidity directly where required.
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Singapore builds a three-tier strategy to future-proof its workforce

The plan spans basic AI literacy to advanced development as technology reshapes jobs.
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Singapore pursues digital economy ties with ASEAN and global blocs: DPM

DPM Gan also said Singapore is focusing especially on financial services to stay globally relevant.
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Asia’s regulators need to match banks’ digital pace, GFTN says

Good regulation, he argued, should function as “a safety belt, not a brake."
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Banks post record $1.2t profit in 2024: McKinsey

If banks fail to adapt AI, global profit pools could fall by about $170b.

China’s banks expand lending but struggle with weakening demand

UOB Kay Hian said banks remain cautious in extending long-term credit.

Why Indian banks are seen to absorb loan losses

S&P also said earnings are likely to moderate but remain above long-term averages. 

Bank Negara launches upgraded RTGS system for continuous payments

Since 2024, Malaysia’s daily retail payment volume and value have grown by 49% and 22%.

HKMA warns public of online scams targeting local banks

The Bank of East Asia reported fake websites and internet banking login screens.

RBA sets out plan to make payments system ‘anti-fragile’

It has also warned that delays in encryption and contingency plans risk fraud and disruption.

HKMA study identifies AI and data analytics as key banking skills

Another key finding is the importance of a collaborative approach across the industry.

Australian mutual banks may offset costs through process automation

It could help banks sustain their historical loan growth of about 6%.

FInancial services hiring slows as consumer demand weakens

This marks the second consecutive quarter of declining confidence.

MUFG partners with Kodansha, CREDEUS team up to fund film productions

They will fund live-action film series adaptations of Kodansha-published works.

Mizuho signs MOU with Abu Dhabi Investment Office

Mizuho plans to support clients interested in expanding into the UAE.

The Asian connection: China's path to sustainable growth

Consider the ASEAN region, a collective of ten Southeast Asian countries brimming with untapped potential.