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Hang Seng Bank fined HK$66.4m for overcharging, sales misconduct
Hang Seng Bank fined HK$66.4m for overcharging, sales misconduct
It reportedly received HK$22.4m in excess benefits and fees, the HKMA and SFC said.
Strategic Marine commissions three new offshore supply vessels
The vessels will be used by a national oil company in Africa for passenger transfer.
Why investors’ infrastructure portfolio needs energy transition boost
Maximising opportunities in energy transition is essential for optimal portfolio performance.
Seatrium to build 5,000-tonne heavy lift vessel in Japan
The project will mark Seatrium’s entry into the Japanese offshore wind market.
Sportswear set for 14.9% growth by 2029
It is driven by the growing trend of casual dress codes across the world.
Firms turn cautious over gen AI amidst fears of obsolescence, fragmented regulations
Of 47 APAC jurisdictions, about 16 have AI regulations or guidance in place.
8 in 10 insurers plan to increase tech investment this year
36% of insurers prioritise AI and machine learning.
APAC's insured only 5.4% of $74b disaster losses: Aon
APAC was also the second-largest region in terms of economic losses.
Medical plan costs to rise by 11.1%: Aon
APAC is expected to experience the second-largestYoYr increase globally.
Only 9.1% of Asia's economic losses insured in 2024
The five-year average for insured losses was $11b.
Energy storage funding up 5% in 2024
This was despite a decline in the number of deals.
APAC consumers embrace cost-conscious spending
They are focusing on products that offer better functionality, quality, convenience, and health benefits.
Retail growth in APAC to continue amidst regional differences
In China, a net negative trend is expected to intensify.
Financial firms plan cautious 2025 pay raises
Region-wide, planned budget increases averaged 5.2%.
Global healthcare education market to hit $280.6b by 2032
One key driver is the integration of virtual learning platforms.
APAC home insurance market to hit $82.4b by 2032
Globally, home insurance is seen to reach a CAGR of 7.3%.
Solar to account for half of 2025 clean energy investments
It is expected to surpass gas and possibly coal capacity.
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The banking company was recognised for transforming operations with its Robotics Process Automation (RPA).
