Tag: asia

Firms with parent companies overseas in 2024 grew 10% in the city while almost 500,000 have applied to come under talent schemes; in addition, tourism has increased 12% to 24 million in the first six months of this year as the government releases a new business report.

The rise of super-apps and digital platforms is reshaping payments infrastructure – and giving banks and fintechs a new path to growth.

Many Asian corporates, such as Tata International, are taking a leading global role in trade finance digitisation as they look to boost balance sheets and ensure continued access to credit.

The plan is to launch an integrated digital trade corridor to connect China, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Singapore, Malaysia, Indonesia, Vietnam, and the Philippines

With more fast and cheap options in the region's payments universe, transaction banks must now layer added services to remain competitive.

Multiple payment fintechs have announced expanded offerings across Apac, reflecting a growing cross-border payment space that might challenge traditional players, especially for SMEs.

The global payment firm believes that Apac will "drive the global acceleration in money movement in 2025".

Financing will include trade loans, securitisations, co-financing partnerships, term loans, working capital facilities and IPOs, according to the US bank.

Firms, both large and small, are trying to leverage new technology to redefine business operations. CT spoke with Broadridge’s German Soto Sanchez about some of the efforts and challenges implementing AI, infrastructure, talent and tokenisation.

Bennet Li will serve as interim chief financial officer.

Jo Miyake to become head of banking, Asia and the Middle East, under its new Corporate and Institutional Banking unit, while Selim Kervanci will become CEO of the Middle East.

Badenach, formerly a tax leader at EY, will initially focus on Hong Kong and Singapore, before expanding into other Asian markets.