India | The Indian parliament’s adoption of a constitutional amendment bill has paved the way for the biggest tax reform in the $2 trillion economy’s history, as Narendra Modi’s government prepares to usher in a dramatic change in the tax regime: a single goods and services tax (GST) that subsumes all central, state and local levies.
Private bankers looking to grow in Asia are investing heavily in innovation to stave off disruption, at the same time firms are also turning to technology to tackle more fundamental issues in the industry.
While Asia recently pulled ahead of the West as home to wealthy individuals, some private banks are pulling out, leaving the field to nimble local rivals and committed global Goliaths.
ASIA | The Asian Infrastructure Investment Bank began its efforts to finance Asia’s vast need for infrastructure this year. What are the prospects?
China’s recent efforts to make it easier for global investors to access its enormous stock markets in Shanghai and Shenzhen were not enough to persuade MSCI to include these “China A shares” in its widely followed Emerging Markets Index just yet.
ASIA | As the regional powerhouse restructures and tackles debt problems, neighboring nations are feeling the impact.
For the first time, Asia’s super-rich have surpassed their North American counterparts in both population and wealth. China and Japan, in particular, stood out as wealth powerhouses despite a volatile year for Asian equity markets. Asia Pacific’s 5.1 million high-net-worth ...
When Alibaba announced in May that it was hiring former Goldman Sachs managing director Douglas Feagin to run the international unit of its finance arm, Ant Financial, many observers had a sense of déjà vu.
The fast-growing nation is actively seeking FDI, but foreign investors must contend with endemic corruption and layers of bureaucracy.
Investor unease over the future of the Philippines, one of Southeast Asia’s fastest-growing economies, has soared following Rodrigo Duterte’s landslide victory in the May presidential election.
Singapore has overtaken Hong Kong as Asia’s top financial center and now ranks third globally behind London and New York. This is the key takeaway from the latest Global Financial Centres Index (GFCI), a ranking by British commercial think-tank Z/Yen Group.
Arthur Kroeber, head of research and founding partner of Gavekal Dragonomics, spoke with Global Finance about China’s politics, its markets and its future role in the global economy.
Maybank Islamic is developing outside Malaysia, establishing a footprint in the region. With a return on equity of 16%, achieved despite a capital ratio of 17%, the trick will be to sustain the bank’s bullish approach to investing despite the country’s economic downturn.
Bank of China, the fourth-largest bank in the world, has been an ener-getic leader in expanding overseas. In an interview with Global Finance, Chen Siqing, the bank’s president, spoke about internationalization efforts and the importance of overseas growth.
Following a record-breaking year for worldwide mergers and acquisitions, dealmaking declined to a two-year low in the first quarter of 2016.
Bank of Tokyo-Mitsubishi UFJ is learning to speak Arabic.
The People’s Bank of China has introduced bigger movements in its daily fixings of the country’s currency against the dollar. If sustained, this subtle change could signal that the central bank is preparing to allow greater flexibility in foreign exchange trading.
India’s “Make in India” campaign has begun to pay dividends in the defense sector—a field where sharing of technology, processes and patented know-how by global giants does not happen easily.
When Korea Exchange Bank (KEB) merged with Hana Bank, they formed Korea’s largest bank, with $243 billion in total assets in 2015, and $143 billion in lending as of November. CEO Ham Young-joo sat down with Global Finance editors to discuss economic conditions and KEB Hana’s plans for growth.
On May 9, voters in the Philippines will elect a new president amid growing concerns over whether the strong legacy of president Benigno Aquino III will continue.