Singapore’s Buy Now, Pay Later (BNPL) sector is advancing with its Code of Conduct (BNPL Code), overseen by a group of BNPL firms and under the Monetary Authority of Singapore’s guidance. Enacted in October 2022, the code mandates responsible lending and consumer protection, with existing BNPL players needing to comply by November 1, 2023, and … Read more
At a time when the concept of Environmental, Social and Governance (ESG) has come under pressure, Bloomberg Intelligence’s inaugural ESG Market Navigator survey has found that ESG remains a backbone of financial markets and corporate strategy, driven by global regulation, consumer demands and competitive ambitions. The survey, conducted in collaboration with Bloomberg New Economy, canvassed … Read more
Marriott Bonvoy’s Tribute Portfolio has reopened the Palm Garden Hotel in Putrajaya, Malaysia, following a significant renovation. The hotel, nestled in Malaysia’s administrative hub, offers modern explorers a unique place to discover Putrajaya’s treasures. It’s perfect for both business and leisure travelers looking for a community connection. Area Vice President Ramesh Jackson highlights the hotel’s … Read more
ACROMETA Group Limited (SGX: 43F), a specialist in engineering services with over a quarter-century of expertise, made headlines with its announcement of a new venture into the Indonesian market. The company has inked a non-binding, non-exclusive Memorandum of Understanding (MOU) with PT. Swadaya Buana Makmur (PTSBM), signaling a strategic expansion to its robust portfolio. This … Read more
The Asian Logistics, Maritime and Aviation Conference (ALMAC) returns on November 21-22, 2023, at the Hong Kong Convention and Exhibition Centre. Co-organized by the Hong Kong Trade Development Council (HKTDC) and the Government of the Hong Kong Special Administrative Region (HKSAR), this flagship event is a significant date in the logistics and supply chain industry … Read more
Mastercard has successfully concluded its participation in the Hong Kong Monetary Authority’s (HKMA) e-HKD Pilot Programme. This groundbreaking project showcased the robust capabilities of Mastercard’s Multi-Token Network in settling transactions within the burgeoning Web3 space, involving decentralized applications and digital assets like NFTs. The pilot tested the full operational cycle of a hypothetical digital currency, … Read more
The Indonesian insurance sector is set for a shake-up as Shinhan EZ General Insurance, a subsidiary of the South Korean financial behemoth Shinhan Financial Group Co. Ltd, announces its foray into the local market. In a strategic partnership with Tap Insure, part of the insurtech ecosystem PasarPolis, Shinhan is set to introduce innovative microinsurance products, … Read more
The Financial Services and the Treasury Bureau (FSTB) has unveiled a series of significant fintech initiatives at the Hong Kong FinTech Week 2023, with the aim of synergizing fintech development and the real economy. These initiatives include the introduction of an Integrated Fund Platform (IFP), the endorsement of cross-boundary e-CNY applications, and the support for … Read more
Alta, Southeast Asia’s digital marketplace for alternative assets, has announced a significant expansion following its robust growth in 2023. The company is partnering with Singapore’s Evolve Capital and extending its platform to Hong Kong through collaborations with Rockpool Capital, Cachet Group, and Quam Securities. This move integrates these firms’ investor communities into Alta’s global network, … Read more