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WeBank Technology Services Embarks on Global Expansion, Bringing Expertise in FinTech to New Markets

WeBank Technology Services Embarks on Global Expansion, Bringing Expertise in FinTech to New Markets

HONG KONG, Jan. 20, 2025 /PRNewswire/ — On January 16, 2025, WeBank Technology…
Hong Leong Bank Forms Strategic Alliance with WeBank Technology Services, Collaborating on FinTech Advancements and AI Implementation

Hong Leong Bank Forms Strategic Alliance with WeBank Technology Services, Collaborating on FinTech Advancements and AI Implementation

KUALA LUMPUR, Malaysia, Jan. 17, 2025 /PRNewswire/ — In a move that solidifies…
UNIONPAY AND BANK SIMPANAN NASIONAL (BSN) PARTNER TO TRANSFORM PAYMENTS WITH QR PAYMENT

UNIONPAY AND BANK SIMPANAN NASIONAL (BSN) PARTNER TO TRANSFORM PAYMENTS WITH QR PAYMENT

KUALA LUMPUR, Malaysia, Jan. 17, 2025 /PRNewswire/ — UnionPay International (UPI) has announced…

Bank of America Reports Fourth Quarter 2024 Financial Results

CHARLOTTE, N.C., Jan. 16, 2025 /PRNewswire/ — Bank of America reported its…
China Construction Bank Singapore and Shanghai Jiao Tong University affiliated organisations hold forum on opportunities for China's tech companies in Southeast Asia

China Construction Bank Singapore and Shanghai Jiao Tong University affiliated organisations hold forum on opportunities for China's tech companies in Southeast Asia

SINGAPORE, Jan. 16, 2025 /PRNewswire/ — China Construction Bank Singapore Branch, Shanghai Jiao…
SCB EIC expects CLMV economic growth in 2025 to slow down slightly, in line with the global economic slowdown.

SCB EIC expects CLMV economic growth in 2025 to slow down slightly, in line with the global economic slowdown.

SCB EIC predicts CLMV economies to slow down in 2025 due to global economic factors and Trump 2.0 policies, but domestic demand and ASEAN growth will support growth. Country-specific factors will shape economic prospects, with Vietnam expected to have the strongest growth. Trade and investment between Thailand and CLMV are also expected to increase.
SCB EIC anticipates that the MPC still has room to lower the policy rate again next year.

SCB EIC anticipates that the MPC still has room to lower the policy rate again next year.

The MPC maintained the policy rate at 2.25%, aligning with SCB EIC’s projections. Economic challenges are expected to increase due to global competition and uncertainties from major economies. Inflation is projected to return to the target range. The MPC shows limited concern over credit growth slowdown.