Asean’s next generation of wealthy clients are moving away from parents’ banks: study

The Business Times - Sep 23, 2026

Younger customers are prioritising investment performance, pricing and access to more products and platforms

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Global gold trading hub status attracts industry leaders to set up operations in Hong Kong

Oct 26, 2026

Global gold trading hub status attracts industry leaders to set up operations in Hong Kong

Investment in gold – long considered a traditional safe-haven during uncertain times – is taking on renewed importance amid the current global geopolitical uncertainty, market volatility and shifting confidence. For Hong Kong, this surge in interest comes as it is increasing its effort to become an international gold trading centre – a role that builds on its strengths as an international centre for finance, legal services, logistics and its connection with mainland China. The city’s government...

BSP’s inflation fight dims rate cut hopes

Oct 26, 2026

BSP’s inflation fight dims rate cut hopes

MANILA, Philippines — Interest rate cuts may be pushed further into the future after the Bangko Sentral ng Pilipinas (BSP) signaled it was prepared to raise rate further to choke off rapid inflation, economists said, suggesting that price stability would take precedence over economic growth. In a note to clients, economists at China Banking Corp. said

PH manufacturing staging comeback

Oct 26, 2026

PH manufacturing staging comeback

MANILA, Philippines — The Philippine peso’s slide to back-to-back record lows is breathing new life into the country’s once-stagnant manufacturing sector, HSBC said, though curbing inflation and logistics costs will be crucial to sustaining the gains. Aris Dacanay, senior Asean economist at HSBC, said the weaker currency could make Philippine exports more competitive in international markets,

Vingroup eyes Batangas for $500-M plant

Oct 26, 2026

Vingroup eyes Batangas for $500-M plant

MANILA, Philippines — Batangas has emerged as the “preferred” location for Vingroup’s planned $500-million electric vehicle (EV) factory in the Philippines, which would mark the Vietnamese conglomerate’s entry into local automotive manufacturing. Trade Secretary Cristina Roque said Vingroup was actively scouting economic zones in Batangas for a manufacturing facility spanning at least 300 hectares, with the

Revolut keeps PH digital banking market in its sights

Oct 26, 2026

Revolut keeps PH digital banking market in its sights

MANILA, Philippines — UK digital bank Revolut remains in active talks with Philippine regulators as it seeks a license to enter the country’s digital banking market, potentially adding to competition in the fast-growing sector. Speaking to reporters last week, Lyn Javier, deputy governor at the Bangko Sentral ng Pilipinas (BSP), said Revolut remained interested in entering

PH aviation leaders bound for US trade mission

Oct 26, 2026

PH aviation leaders bound for US trade mission

MANILA, Philippines — Philippine aviation industry leaders are heading to the United States this week to explore advanced airport safety and security technologies, as the country seeks to modernize its aviation infrastructure amid growing passenger demand. In a statement, the US Trade and Development Agency (USTDA) said the Philippines would join Indonesia in a 15-member delegation

Warning: What every family business needs to know about AI

Oct 26, 2026

Warning: What every family business needs to know about AI

MANILA, Philippines — My competitors aren’t doing much about artificial intelligence (AI). We’re already ahead of them. Why should I hurry?” A family business owner said this when I raised the urgency of transforming his company around AI. Think of a US logistics business, well positioned in its market, but operating on very tight margins. My

What to scale, what to keep human

Oct 26, 2026

What to scale, what to keep human

MANILA, Philippines — Before the 24th Management Association of the Philippines (MAP) International CEO Conference was held, its chair Alma Jimenez wrote in this space that our greatest strategic risk may lie less in missing signals than in reading them through outdated assumptions. On Sept. 8, at Shangri-La The Fort, the Conference took up that challenge

Hong Kong to tighten burgeoning premium financing market as red flags, risks emerge

Oct 26, 2026

Hong Kong to tighten burgeoning premium financing market as red flags, risks emerge

Hong Kong’s insurance watchdog is tightening oversight of the city’s booming premium financing market, as the once-niche lending arrangement spreads to lower-tier insurance buyers, while also reviewing regulations, particularly on how insurers evaluate clients’ affordability, according to Insurance Authority executives. Premium financing allows policyholders to borrow money from financial institutions to pay upfront premiums on large life insurance policies, which are commonly used as a wealth...

Goldman Sachs steps up Asia hiring as wealthy clients eye US assets for diversification

Oct 26, 2026

Goldman Sachs steps up Asia hiring as wealthy clients eye US assets for diversification

Goldman Sachs is accelerating the hiring of wealth management advisers across Asia as the region’s wealthy families increasingly seek to diversify into US assets after years of strong market gains, while the AI boom is creating a new generation of millionaires with growing financial planning needs. The Wall Street bank is expanding its advisory teams in Hong Kong, Singapore and Australia, alongside specialists in areas such as trading and lending, according to Nishi Somaiya, its global co-head...

ASEAN+3’s Path to Faster, More Inclusive Cross-Border Payments

Oct 25, 2026

ASEAN+3’s Path to Faster, More Inclusive Cross-Border Payments

ASEAN+3 is at the forefront of regional payment connectivity, leveraging advancements in retail payment systems. Notable achievements include cross-border QR payments and instant payment system linkages

Standard Chartered-led Anchorpoint plans retail stablecoin as HSBC RedCoin launches

Oct 25, 2026

Standard Chartered-led Anchorpoint plans retail stablecoin as HSBC RedCoin launches

After HSBC RedCoin launched on Friday, Anchorpoint – the stablecoin-issuing joint venture led by Standard Chartered – said it plans to launch a retail product on a public blockchain, even as it takes a “prudent approach”. “Our next major milestone is to [help] bring regulated digital money into everyday payments and commercial applications, while connecting traditional payment infrastructure with this emerging digital finance,” said Dominic Maffei, CEO of Anchorpoint. “This is a public...

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