Staff Reporter

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.

Chinese firms install 24 GW of energy capacity in Belt & Road countries

Aside from solar, hydro power led last year’s installations.

Sportswear set for 14.9% growth by 2029

It is driven by the growing trend of casual dress codes across the world.

UOB Malaysia’s digital banking platform UOB TMRW recognised at the Asian Experience Awards 2024

UOB TMRW app sets a new standard in digital banking, driving innovation, and customer engagement.

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.

Ageing Aussies may lead to more reverse mortgages

Older borrowers can retain their homes whilst getting equity, according to a bank.

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%.