In a first for Asia, Singapore-based DBS Bank announced it would start allowing its private clients to invest in and trade cryptocurrencies with a trust service backed by the bank. The bank will only allow transactions for a small group of the most popular cryptocurrencies: Bitcoin, Ether, Bitcoin Cash and XRP. Last December, DBS launched […]
Read MoreThe Securities Commission Malaysia (SC), the Monetary Authority of Singapore (MAS) and the Securities and Exchange Commission of Thailand (SEC Thailand) have signed a supplemental memorandum of understanding (MoU) with the Securities and Exchange Commission Philippines (SEC Philippines) to admit it as a new signatory to the Asean Collective Investment Schemes (CIS) Framework. The entry […]
Read MoreEquity markets tumbled in Asian trade Tuesday following steep losses on Wall Street as investors grow increasingly worried about a surge in inflation that could force central banks to wind back their ultra-loose monetary policies earlier than forecast. All eyes are on the release this week of crucial data on US retail sales and consumer […]
Read MoreThe Philippine and Malaysian economies continued contracting in the first three months of the year, adding to signs that some of Southeast Asia’s biggest nations are struggling amid a resurgence in coronavirus cases. The quarterly figures released Tuesday — which came in below all forecasts for the Philippines — add to recent weaker signals from […]
Read MoreAFP – Asian markets mostly fell yesterday following a soft lead from Wall Street, hit by profit-taking and lingering inflation worries. With bourses closed in Japan and China for holidays most of the week, traders were easing back from their recent buying frenzy while there are also concerns that the more than year-long rally may have […]
Read MoreASIA’S manufacturing activity remained robust through April even as a gauge of factory output in China, the region’s top economy and industrial powerhouse, showed signs of cooling. Taiwan’s IHS Markit April manufacturing purchasing managers’ index rose to 62.4 from 60.8 in March, its highest reading since March 2010. New orders also reached their highest level […]
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