08/20/2013

Thailand to launch first REIT

The newly established RMI Company has filed for approval with the Thai Securities and Exchange Commission to set up Impact Growth REIT and act as REIT manager. Upon approval, Impact Growth REIT is set to be the first REIT ever established in Thailand.

08/16/2013

SMBC to set up Mongolia office

An office in the capital Ulan Bator is expected to be set up by the end of the year by the unit Sumitomo Mitsui Financial Group Inc. after approval from Japanese financial regulators.

08/15/2013

AMMB 1Q profit rises 6% to RM468m

AMMB Holdings Bhd reported a 6% rise in first quarter net profit from a year earlier as interest and Islamic banking income rose. Income recognition from acquired entities MBF Cards (M) Sdn Bhd and Kurnia Insurans had also supported bottomline.

08/13/2013

ANZ voted No. 1 FX provider in Asia Pacific and Australia

“Financial institutions now believe ANZ is the most potent FX provider. ANZ’s impressive run continues in the domestic providers of FX services category [gaining] the top spot for both financial institutions and corporates in Australia,”

08/12/2013

Wealthy Asians Have Designs On Luxury Brands

The rise of affluent middle class and wealthy consumers in Asia seem to have an insatiable appetite for luxury designer brands that keeps growing despite economic slowdown in the region.