With “Team Persistent” having clearly prevailed over “Team Transitory” in the debate over the nature of today’s surging inflation, the question now is whether prices can be tamed without also causing a recession. The historical evidence suggests not, leaving central banks to choose between bad and worse options

According to a recent survey of AI firms in Asia by the Fintech Association of Hong Kong (FTAHK), around 75% of respondents cited Hong Kong as their headquarters while 70% regarded Hong Kong as their top market. However, many of these firms cite the lack of quality talent familiar with AI and big data processes as a major issue facing Hong Kong as an AI and big data financial services hub.

If the US Federal Reserve wishes to avoid a return to stagflation, it must recognize the huge gulf between the level of real interest rates under former Fed Chair Paul Volcker and the current incumbent. It is delusional to think that today’s wildly accommodative monetary policy can solve the worst inflation problem in a generation

The Asset reveals the Best Renminbi Banks by market as part of the Triple A Treasury, Trade, SSC and Risk Management Awards 2022

Singapore’s financial regulator has slapped OCBC Bank, the country’s second largest lender, with an additional capital requirement of S$330 million (US$240 million) following a series of phishing activities that victimized its customers in December 2021.

Stressing that reviving the economy is the first priority of his administration, the Philippines’ incoming president Ferdinand “Bongbong” Marcos Jr. on Thursday (May 26) revealed some members of his economic team, led by central bank governor Benjamin Diokno as finance secretary.

With elevated global inflation likely to persist for some time, the prospect of competitive exchange-rate appreciations is looming larger. Instead of a race to the bottom in the currency market, there may be a scramble to the top – and poorer countries will likely suffer the most

Transaction upsized due to robust orders totalling US$10.8 billion

Ping An Bank has launched a personal carbon account platform in a bid to encourage a green a low-carbon lifestyle for consumers.

Region continues to benefit from favourable macroeconomic trends, long-term growth

The Asset reveals the North Asia winners of the Triple A Treasury, Trade, SSC and Risk Management Awards 2022, highlights key trends in the region.