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HONG KONG: The first of Hong Kong’s new generation of digital banks has announced its arrival with a 6% introductory rate for deposits. ZA Bank Ltd., one of eight firms preparing to start digital-only banks in Hong Kong, has begun a trial run that pays a select group of depositors over 3 percentage points.
SINGAPORE (The Straits Times/ANN): About 760,000 Central Provident Fund (CPF) members will get premium rebates worth S$640 million from the Home Protection Scheme, the CPF Board said on Friday (Jan 10).
KUALA LUMPUR: Rashidah Isa was pregnant three years ago when she was diagnosed with Stage 2 breast cancer.
MUMBAI (AFP): India's weddings are famously lavish -- lasting days and with hundreds if not thousands of guests -- but this season many families are cutting costs even if it risks their social standing.
LONDON (Reuters) - Iran's missile attack on U.S. army bases in Iraq overnight sent gold blasting above $1,600 an ounce, boosted the Japanese yen by almost 1% and oil by $3 a barrel.
SINGAPORE (The Straits Times/ANN): GrabFood has become the latest food delivery operator to launch a kitchen space housing multiple restaurant brands, turning the heat up on competition between Singapore's three major food delivery services.
A RETIRED businessman in Muar, Johor, lost RM1.36mil of his life savings after falling for an inheritance fraud, Sin Chew Daily reported.
KUALA LUMPUR: The fate of local fishermen whose livelihoods have been affected by illegal fishing by foreigners spurred the Agriculture and Agro-based Industries Ministry to launch “Op Naga”.
SINGAPORE: The much-anticipated arrival of virtual banking in Singapore is unlikely to be an "aha” moment for consumer finance, but corporate banking will be different. One should expect disruption.The application period for Singapore’s first internet-only lenders ended last week with five known hopefuls, so far, for as many licenses on offer.
BEIJING: China’s financial regulator said it will implement a series of measures to shore up the nation’s troubled smaller banks and insurers while continuing a clampdown on shadow financing and property speculation.