Citi to Sell Consumer Bank in Indonesia, Malaysia, Thailand and Vietnam to UOB Group

The agreement covers all related Citi staff, with approximately 5,000 consumer bank and supporting employees expected to transfer to UOB upon close of the proposed transaction. 

Incentives and Financing Schemes for Businesses Under Malaysia’s Budget 2022

The government guarantee scheme to help SMEs under the Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) has been given an additional 10 billion ringgit (US$2.4 billion) in funding. This includes 2 billion ringgit (US$480 million) for businesses owned by ‘Bumiputera’s’ (ethnic Malays).

Malaysia, Thailand banks to join the ASEAN Banking Integration Framework

Banking institutions from Thailand and Malaysia are invited to join the ASEAN Banking Integration Framework and indicate their interest to become a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.

Department of Foreign Trade (DFT) to organize Southern Trade Fair

The event will provide a platform for business negotiations and stimulate the economy, trade and investment in the three southern border provinces.

Hong Kong’s Star is Fading – Where Will Asia’s Next Financial Center Be?

Rising concerns over the interventionist policies of the Chinese government have led to Hong Kong losing its luster

Malaysia World’s Best Countries To Invest In Or Do Business For 2018

Thailand ranked number 10, or fourth country of the Asean block after Malaysia, the Philippines and Singapore