GRAB AIMING FOR 2024 PROFITABILITY

Grab Holdings Ltd. expects revenue to slow sharply as the Southeast Asian internet giant targets profitability…

INFLOWS INTO SOUTHEAST ASIAN STARTUPS AS CHINA FLOUNDERS

Southeast Asian startups are enjoying a boom in fundraising exercises by venture and buyout funds that…

STANDCHART-NTUC LAUNCH TRUST BANK, NEW DIGITAL BANK

Trust Bank is the latest digital bank to announce its launch in Singapore. Trust Bank, the…

GRAB & SINGTEL LAUNCH DIGITAL BANK

GXS Bank, the digital bank joint venture of ride-hailing firm Grab and Singtel, launched Singapore’s first…

THAILAND CATCHES UP TO SINGAPORE AND MALAYSIA ON VIRTUAL BANKING

The Bank of Thailand says it plans to issue guidelines for digital banks by June. Thailand…

ASEAN FINTECH FUNDING TRIPLES TO $3.5B IN 2021

Financial technology (fintech) funding in Southeast Asia jumped more than three times in the first nine…

9000 BANK BRANCHES TO SHUTTER IN SEA BY 2030

Traditional banks that do not adjust to meet evolving customer habits risk being overtaken by hungrier…

C19 COULD COMPLICATE PHILIPPINES’ ECONOMIC RECOVERY

Snaking queues at Manila food banks have become a common sight as the economy continues struggling…

SEA TO SCALE UP DIGFIN AS REVENUE DOUBLES TO US$1.8 BILLION

Singaporean technology group Sea chairman Forrest Li said on Tuesday (May 18) the firm would scale up…

1MDB SUES DEUTSCHE, JPM & COUTTS TO RECOVER BILLIONS

Malaysia’s now-defunct 1MDB state fund is suing subsidiaries of Deutsche Bank, JP Morgan and Coutts & Co…