Rae Wee

Strong investment in AI infrastructure is keeping global growth at around 3% with major benefits for Asia, ‌but also foreshadows a "slow-moving tsunami" for labor markets, International Monetary Fund Managing Director Kristalina Georgieva said.

Artificial intelligence could help offset Asia's shrinking workforce as some countries' populations age, provided its adoption ​is scaled evenly across the region instead of deepening existing disparities, ‌the International Monetary Fund said on Monday.

The global economy is under threat from persistently high energy prices, ​record public debt and risks from the AI investment boom, International Monetary Fund Managing Director Kristalina Georgieva warned on Wednesday, urging governments to implement protective fiscal and monetary policy measures.

Singapore-based Granite Asia is seeking ​to invest in mid-sized companies in sectors, including advanced manufacturing and healthcare across the ‌region, a senior executive said, after its private credit fund raised over half a billion dollars.

StanChart turns to hedge fund strategies to shield wealth clients from volatility

Singapore's United Overseas Bank, or UOB , has appointed Tan Choon Hin ​as head of ASEAN and Greater ‌China, effective September 1, it said in a statement on Tuesday.

JPMorgan Chase will continue hiring in Asia Pacific at a similar pace in 2027, after revenue at ​its corporate bank in the region grew by well above ‌20% this year, its regional heads told Reuters.

Bank of Singapore, the private banking arm of Overseas-Chinese Banking Corp , has ​begun rolling out an agentic AI platform that will cut new ‌account opening times for wealth clients down to 15 business days from more than 30.

Singapore sovereign wealth fund GIC plans to deploy an additional $30 billion into hedge funds and is spreading its bets ​across artificial intelligence, top executives said, while reporting its weakest long-run returns since 2020.

DBS Group aims ​to grow assets under management in its wealth business to more than S$1 trillion ($774 ‌billion) by 2030, its unit's head said, as Singapore's biggest bank bets on rising Asian wealth and inflows into regional financial hubs.