Alibaba-backed WeLab secures $156 mn funding to invest in R&D
The fintech startup has received the funding from Alibaba Hong Kong Entrepreneurs Fund and China Construction Bank...
Tag : Southeast Asia
Amid trade war, Trump approves phase-one US-China trade deal
The US president also decided to wave off US tariffs on $160 bn of Chinese consumer goods...
Bangkok Bank buys nearly 90% stake in Bank Permata for $2.7 bn
The Thai lender seeks to explore new markets to strengthen its presence in Southeast Asia...
Passenger traffic to grow by 5-6% at Malaysian airports in 2020
The growth will be driven by Visit Malaysia 2020 and a 3.2% increase in domestic seat capacity...
Oversupply in real estate a worry for Singapore
Singapore faced an oversupply of 31,948 units as of September 30...
Grab launches SE Asia’s first numberless card
The GrabPay card, launched with a collaboration with Mastercard, is currently available in Singapore...
Hong Kong to see sharp fall in commercial property rent in 2020
Rents in busy commercial areas will fall by 15% next year, the biggest drop since 2013...
Foreign resident deposits in Singapore banks hit S$49.76 bn
The deposits has been increasing every month since April...
Hong Kong Airlines capital runs low, may lose licence
Authorities ask the carrier to raise more cash or risk losing its business...
RCBC to launch first Philippines-based virtual bank
The new venture Diskartech will be the first Filipino financial inclusion-focused virtual bank...