Markets

DIGITAL-ONLY neobank Tonik has secured a digital bank licence from the Bangko Sentral ng Pilipinas, the first for any private and purely digital bank in the Philippines.

Daimler AG's main China joint venture with BAIC Motor plans to add a shift and working days at two Beijing plants that will boost nominal capacity to make Mercedes-Benz cars by 45per cent, a document on the venture's Chinese website showed.

Japanese Prime Minister Yoshihide Suga said on Monday the government was sticking to its pledge for fiscal reform, even as it seeks to revitalise an economy hit by the COVID-19 pandemic.

Investor confidence in Thai financial markets for the three months ahead has risen slightly on optimism over the country's COVID-19 vaccination programme, a capital market association said on Monday.

The base wages of cleaners who are Singaporeans or permanent residents will go up each year over six years under the progressive wage model.

DBS on Monday received the official green light for its majority-owned securities joint venture (JV) in China, with the attainment of its securities business licence from the China Securities Regulatory Commission (CSRC).

HSBC said on Monday that its Asia Pacific Chief Executive Officer (CEO) Peter Wong will retire effective immediately, and is to be replaced by David Liao and Surendra Rosha who will jointly run the region.

Indebted property developer China Evergrande Group said on Monday that it was arranging payment for some of its project companies' commercial paper that had not been repaid on time. In a statement, Evergrande said the amounts involved were "very small", but that it attached great importance to ...

Japan's coincident indicator index rose in April, the government said on Thursday, even as measures to curb coronavirus infections weighed on economic activity.

Japan's government will work closely with the central bank to revitalise the economy and avoid a return to deflation, economy minister Yasutoshi Nishimura said on Monday.