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Bangkok Bank to acquire US$2.7bn stake in Standard Chartered's Indonesian bank
BANGKOK: Thailand's Bangkok Bank has announced that it would buy a majority stake worth US$2.7bil in Standard Chartered's Indonesian lender Bank Permata, signalling the massive potential of South-East Asia's most populous country.
Pound surges most since 2017 as conservatives secure a majority
LONDON: The pound soared after Prime Minister Boris Johnson’s Conservative Party won a majority in the U.K.’s general election, raising hopes that an end to the Brexit deadlock will unlock pent-up investment flows.
FWD Takaful appoints James Loh as chairman
KUALA LUMPUR: FWD Takaful Bhd (formerly HSBC Amanah Takaful (Malaysia) Bhd) appointed James Loh Sinn Yuk as its new chairman with effect from Nov 27.
Singapore’s YouTrip wants to eliminate pesky foreign transaction fees for South-East Asian travellers
Caecilia Chu decided to launch YouTrip after realising that she frequently had to fork out foreign transaction fees on her credit card when travelling. Her startup offers users a multicurrency mobile wallet using mid-market exchange rates, with no foreign transaction fees.
Apple keeps payments tech for itself and Europe has had enough
Apple Inc’s digital wallet is expanding in Europe just as regulators crack down on the tech giant’s move into financial services.
British pound surges as Johnson heads for landslide election win
LONDON: The British pound soared to multi-year highs on Thursday as Prime Minister Boris Johnson's Conservative Party looked set for a big parliamentary majority that markets believe means an orderly exit from the European Union.
Singing all the way to the bank: Lebanon protesters fear for their savings
BEIRUT (Reuters) - Protests in Lebanon took a musical turn on Thursday when a group of activists toured banks performing songs voicing fears over the fate of savings locked up in the banking system, which has been caught up in a major economic crisis sweeping the country.
Man jailed for laundering S$3.15m in SkillsFuture scam
SINGAPORE: A 50-year-old former security guard has become the latest individual linked to a $39.9mil (RM122mil) SkillsFuture scam to be convicted.Nathan Muniandy, a Malaysian national, helped launder S$3.15mil (RM96.4mil) of the proceeds from the scam targeted at SkillsFuture Singapore (SSG), a statutory board set up to promote lifelong learning.The scam was perpetrated by a criminal syndicate involving multiple individuals.
Hasenhuettl banks on home comfort to aid Southampton revival
(Reuters) - Southampton are regaining belief after strong displays in their last two home games and must stick to their philosophy when they host West Ham United at St Mary's Stadium on Saturday, manager Ralph Hasenhuettl said on Thursday.
Thai king completes coronation year with barge procession through old Bangkok
BANGKOK (Reuters) - Aboard a golden royal barge, King Maha Vajiralongkorn was rowed along the river winding through the oldest part of Bangkok on Thursday, as thousands of loyal Thais thronged the banks to see the final ritual of his drawn out coronation.