Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

Rich kids’ boot camps return as private banks woo next-gen clients

SINGAPORE – For years, Covid-19 froze one of private banking’s best tools for keeping customers loyal – invite-only events for the children of wealthy clients. Now, as global borders finally reopen, they are starting to return. In the bowels of Singapore’s Ritz-Carlton hotel, 12 young people in grey hoodies sipping bubble tea could be mistaken for a university […]

Indonesia raises key rate more than expected as rupiah weakens

JAKARTA – Indonesia’s central bank delivered a bigger-than-expected interest rate hike to stem inflation and stabilise the rupiah, marking an aggressive turn for policy makers who were monetary policy outliers until last month. Bank Indonesia raised the seven-day reverse repurchase rate by 50 basis points, the biggest increment since 2018, to 4.25 per cent on […]

Dah Sing Bank and Friends of the Earth (HK) Jointly Present Retail and E-Commerce ESG Forum for SMEs

HONG KONG, Sep 21, 2022 – (ACN Newswire via – The second industry forum (the “Forum”) under the SME ESG Best Practices Recognition Programme (“the Programme”) took place today under the joint auspices of Dah Sing Bank, Limited (“Dah Sing Bank”) and Friends of the Earth (HK) (“FoE HK”). It gathered business and industry […]

Australia’s central bank has equity wiped out by billions in bond losses

SYDNEY – Australia’s central bank on Wednesday said its equity had been wiped out by losses suffered on pandemic-era bond buying, but its ability to create money meant it was not insolvent and would continue as normal. Reserve Bank of Australia (RBA) deputy governor Michele Bullock said the bank had taken a mark-to-market valuation loss on […]