News

Reselling of clothes and secondhand items has become a reliable habit among SHEIN users.

It can help in content creation and other low-impact tasks.

Unconducive market conditions further drove its decline.

Loans for production activities rose during the month.

Non-interest income and return of assets both fell during the quarter.

The average rate of delinquency was 0.2% by the end of the month.

Banks also witnessed a 13.5% deposit growth for the quarter.

Gen AI is expected to add up to US$340b in new value to banks. But obtaining a slice of this will not be an easy process.

Operating profitability of insurers from Hong Kong, Singapore, and Thailand pose with sound mortality gains and favourable investment returns.

Insurers are seen to exhibit enhanced financial performance in the short term, mainly because of improvement in investment yield and focus on higher-value-added businesses.

It is effective from 1 January 2024 to 31 March.

The joint APRA and ASIC review prompts regulatory expectations for Australian life companies.

Investment income is anticipated to remain at elevated levels or potentially improve.

Faster digitalisation and operational efficiency amidst the pandemic influenced this sentiment.

The annual growth rate for the global market will hit 8.72%, due to growing demand.

The maritime industry pays an average ransom payment of US$3.2 million to cybercriminals.