Economy

Financial crimes to continue to squeeze bank profits

More sophisticated crooks and stricter rules are expected to increase compliance costs.

Banks gain 50% more tech capacity with productivity focus

Generative AI tools to streamline tasks can yield productivity gains of up to 30%.

Asia struggles with G20 payment targets

The ultimate goal is for cross-border payments to achieve “the speed of the internet.” 

What is the potential impact of Trump 2.0?

Singapore faces the steepest challenges due to its highly open economy.

Chinese officials focus on policies to attract more foreign investors

As part of the initiative, the government has lifted all restrictions on manufacturing sector access.

Prabowo's cabinet picks: Five economic powerhouses set to drive Indonesia's growth

They aim to boost investor confidence with proven leaders in finance and key sectors.

Thailand’s wage hike plan raises concerns for SMEs' future

The plan is to increase the minimum wage to 400 THB.

China raises debt ceilings with measures to address hidden debt

China's MOF has said that it would "raise debt ceilings" to help swap out hidden debt.

Philippine startups tied up in red tape struggle to take off

Tech ventures must obtain dozens of permits and wait weeks for approval.

Geopolitical tensions push APAC firms to rebalance portfolios

It is needed to navigate a complex business environment.

More factories relocate from China to Malaysia amidst trade tensions

But integrating with the local supply chains remains a challenge.

S’pore bags ‘resilience champion’ status, boosts global business

It ranked 3rd, thanks to its location coupled with a stable and efficient gov’t.