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 * PHILIPPINES GROWTH DROPS BY 4.2% IN Q1
   
   The Philippine economy dropped by more than expected in the first three
   months of the year, but analysts see signs of recovery. According to a
   Reuters report, the country’s GDP dropped by 4.2% in Q1 from a year earlier,
   worse than the median estimate of a 3% contraction given in a Reuters’
   survey. Sequential momentum, however, showed a recovery was underway and
   suggested the central bank will keep rates at a record low at this week’s
   policy review to support the revival. Output rose by 0.3% from the previous
   three months on seasonally…
   
   View More 


NEWS


PHILIPPINES GROWTH DROPS BY 4.2% IN Q1

11:48 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

The Philippine economy dropped by more than expected in the first three months
of the year, but analysts…

General / Miscellaneous


HSBC PLANS TO HIRE 1,000 WEALTH MANAGERS & INVEST MORE IN ASIA

11:48 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

The British lender HSBC has revealed its plan to hire 1,000 wealth managers in
Asia where it generates…

Banking


UBS EXPLORES DIGITAL CURRENCY INVESTMENTS FOR WEALTHY CLIENTS

11:48 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

UBS Group is joining US firms in seeking to give broader access in response to
client demand by offering…

Asset Management


MALAYSIA SUES DEUTSCHE BANK, JP MORGAN, COUTTS TO RECOVER 1MDB BILLIONS

11:45 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

Malaysia’s now-defunct 1MDB state fund is trying to recover billions of US
dollars in alleged losses…

Regulation / Compliance / Legal / Accountancy


ECONOMISTS SEE BRIGHT GROWTH OUTLOOK FOR VIETNAM

11:41 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

Economists are seeing a bright growth outlook for Vietnam this year as the local
economy's key indexes…

General / Miscellaneous


CHINA SEEKS TIGHTER RULES ON HONG KONG & OVERSEAS LISTINGS

11:41 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

The China Securities Regulatory Commission is considering tighter rules for
companies seeking to list…

Regulation / Compliance / Legal / Accountancy


PHILIPPINES CENTRAL BANK SEEKS REVIEW OF BANKING RULES

11:41 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has
seen the need to reassess…

Banking


TAIWAN BANKS' PRETAX PROFITS UP 76% IN MARCH

11:41 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

  Taiwanese banks' combined pretax profits grew 76% year on year to NTD32bn
(USD1.15bn) in March for…

Banking


SOUTH KOREA TO TAX CRYPTO PROFITS 20% IN 2022

11:34 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

South Korea announced that it will start taxing cryptocurrency investors up to
20% starting next year.…

Regulation / Compliance / Legal / Accountancy


CHINA SETS WEALTH CONNECT QUOTA AT CNY150BN

11:33 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

China has set an initial quota of CNY150bn (USD23.2bn) for transactions under
its Wealth Management Connect…

Regulation / Compliance / Legal / Accountancy

View More 

 * 


ASIA FIRST NEWS


PHILIPPINES GROWTH DROPS BY 4.2% IN Q1

11:48 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

The Philippine economy dropped by more than expected in the first three months
of the year, but analysts…

General / Miscellaneous


HSBC PLANS TO HIRE 1,000 WEALTH MANAGERS & INVEST MORE IN ASIA

11:48 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

The British lender HSBC has revealed its plan to hire 1,000 wealth managers in
Asia where it generates…

Banking


UBS EXPLORES DIGITAL CURRENCY INVESTMENTS FOR WEALTHY CLIENTS

11:48 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

UBS Group is joining US firms in seeking to give broader access in response to
client demand by offering…

Asset Management


MALAYSIA SUES DEUTSCHE BANK, JP MORGAN, COUTTS TO RECOVER 1MDB BILLIONS

11:45 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

Malaysia’s now-defunct 1MDB state fund is trying to recover billions of US
dollars in alleged losses…

Regulation / Compliance / Legal / Accountancy


ECONOMISTS SEE BRIGHT GROWTH OUTLOOK FOR VIETNAM

11:41 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

Economists are seeing a bright growth outlook for Vietnam this year as the local
economy's key indexes…

General / Miscellaneous


CHINA SEEKS TIGHTER RULES ON HONG KONG & OVERSEAS LISTINGS

11:41 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

The China Securities Regulatory Commission is considering tighter rules for
companies seeking to list…

Regulation / Compliance / Legal / Accountancy


PHILIPPINES CENTRAL BANK SEEKS REVIEW OF BANKING RULES

11:41 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has
seen the need to reassess…

Banking


TAIWAN BANKS' PRETAX PROFITS UP 76% IN MARCH

11:41 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

  Taiwanese banks' combined pretax profits grew 76% year on year to NTD32bn
(USD1.15bn) in March for…

Banking


SOUTH KOREA TO TAX CRYPTO PROFITS 20% IN 2022

11:34 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

South Korea announced that it will start taxing cryptocurrency investors up to
20% starting next year.…

Regulation / Compliance / Legal / Accountancy


CHINA SETS WEALTH CONNECT QUOTA AT CNY150BN

11:33 MAY 12, 2021 GMT +8 ASIA FIRST NEWSLETTER - FREE ACCESS

China has set an initial quota of CNY150bn (USD23.2bn) for transactions under
its Wealth Management Connect…

Regulation / Compliance / Legal / Accountancy

View More 

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ASIA FIRST POWER SEARCH

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