United Kingdom. July 03, 2025 H SBC Bank plc, a wholly owned subsidiary of HSBC Holdings plc, has entered into a binding agreement to sell its UK life insurance entity, HSBC Life (UK) Limited (“HSBC Life UK”), to Chesnara plc (“Chesnara”), a UK-based life and pensions business. The transaction includes all in-force life insurance policies and investment products written by HSBC Life UK and is expected to complete in early 2026, subject to regulatory approval. On completion, approximately 230 roles supporting HSBC Life UK are expected to transfer to Chesnara and both parties will work closely over the coming months to enable a smooth transition for colleagues and customers. The transaction forms part of the simplification of the HSBC Group announced in October 2024. HSBC is focused on increasing leadership and market share in the areas where it has a clear competitive advantage, and where it has the greatest opportunities to grow and support its clients. HSBC has a market leading position in the UK serving retail, commercial and corporate and institutional banking clients. The UK is one of HSBC’s four core businesses and will continue to be a focus for growth. Following completion of the transaction, HSBC UK will continue to offer life insurance products to UK customers from third party providers. Media enquiries to: Press Office+44 (0)20 7991 8096 pressoffice@hsbc.com Source Link: https://www.hsbc.com/news-and-views/news/media-releases/2025/hsbc-agrees-to-sell-its-uk-life-insurance-manufacturing-business-to-chesnara

NEW YORK, US. June 25, 2025 JPMorgan Active High Yield ETF (JPHY) provides access to a leading active high-yield strategy J.P. Morgan Asset Management today announced the launch of the JPMorgan Active High Yield ETF (JPHY), on the Cboe BZX Exchange. The fund is anchored by a $2 billion investment from a large institutional external client. “We’re excited to launch JPHY at this scale, marking the largest active ETF launch 1 and extending our position as the leading provider of active fixed income,” said George Gatch, CEO of J.P. Morgan Asset Management. “This is just the beginning of a trend that should see active fixed ETF AUM quadruple in the next five years 2 . As the largest U.S. active fixed income ETF manager 3 , we will continue to expand our ETF lineup to fully reflect the depth of our fixed income platform.”  By strategically investing in high-yield debt securities, JPHY has a commitment to allocate at least 80 percent of its assets to bonds and other debt securities rated below investment grade and aims to deliver a high level of current income. JPHY is benchmarked against the ICE BofA US High Yield Constrained Index and is priced competitively at 45 basis points. An expert approach to security selection is crucial in the high-yield market, where the asymmetrical return profiles of securities demands exceptional judgment and risk management. J.P. Morgan’s team of seasoned portfolio managers brings decades of expertise, stability and proven track records, including Robert Cook, Thomas Hauser, Jeffrey Lovell, John Lux, and Edward Gibbons.  “JPHY reinforces our commitment to deliver incremental return opportunities in fixed income, a market segment that has been dominated by passive strategies,” said Robert Michele, Global Head of Fixed Income for J.P. Morgan Asset Management. “The large anchor investment in JPHY signifies high conviction in our strategy and seasoned portfolio management team, and we look forward to putting our active management skills to work.” Future investors in JPHY can benefit from the scale provided by a fund launching with assets of $2 billion. The portfolio management team seeks to be fully invested at, or shortly after, launch and the ETF is expected to be at a size where investors will have greater ability to limit the size of their investment relative to the size of the fund. The initial scale could help attract new investors more quickly, which could result in improved liquidity and lower trading costs. J.P. Morgan Asset Management is the largest U.S. active fixed income ETF provider, with $55 billion in AUM. The firm is also leading the industry in U.S. active fixed income flows in 2025, attracting approximately $10 billion in flows YTD. 3 About J.P. Morgan Asset Management J.P. Morgan Asset Management, with assets under management of $3.7 trillion (as of 3/31/2025), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information, visit:  www.jpmorgan.com/am . JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $4.4 trillion in assets and $351 billion in stockholders’ equity as of March 31, 2025. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com . J.P. Morgan ETFs are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. JPMorgan Distribution Services, Inc. is a member of FINRA. More information is available at  https://am.jpmorgan.com/us/en/asset-management/adv/products/fund-explorer/etf . There is no guarantee, obligation or assurance that any investors will maintain any specific level of investment in the Fund, and such investors have the ability to withdraw their investment at any point in time like any other shareholder of a mutual fund or ETF. Investors should carefully consider the investment objectives and risks as well as charges and expenses of an ETF before investing. The summary and full prospectuses contain this and other information about the ETF and should be read carefully before investing. To obtain a prospectus: Call 1-844-4JPM-ETF. NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUESOURCE J.P. Morgan Asset Management Source Link: https://am.jpmorgan.com/us/en/asset-management/adv/about-us/media/press-releases/jp-morgan-asset-management-hits-market-with-largest-active-etf-launch-in-history-anchored-by-2-billion-institutional-client-investment/

SINGAPORE, August 25, 2025 Large listed companies continue to lead efforts   The Accounting and Corporate Regulatory Authority (ACRA) and Singapore Exchange Regulation (SGX RegCo) have extended the timelines for implementing climate reporting (including external assurance) requirements, to support listed companies and large non-listed companies (Large NLCos) in developing reporting capabilities.  2          All listed companies will continue to report Scope 1 and 2 greenhouse gas (GHG) emissions from the financial year (FY) commencing on or after 1 January 2025, while Straits Times Index (STI) constituents will continue to lead efforts to implement other International Sustainability Standards Board-based (ISSB-based) climate-related disclosures (CRD) from FY2025 and Scope 3 GHG emissions from FY2026. 3       The extension of timelines takes into account the uncertain global economic landscape, as well as feedback to take into greater consideration the varying levels of resources and readiness in climate reporting. In particular, the Singapore Business Federation provided feedback that smaller listed companies need more time to be fully ready for ISSB-based CRD [1] . The time extension would allow them to build up data collection processes and learn from larger companies who have started to produce ISSB-based CRD. 4             With the updated requirements, companies will be better able to balance compliance costs with developing climate reporting capabilities, which are required for the longer term to maintain their place in global supply chains. Companies should also continue to align their trajectory with Singapore’s net-zero target by 2050.  Updated climate reporting requirements with immediate effect Listed Companies 5       The approach for listed companies, which takes immediate effect, is:       a.   A three-tier structure to phase reporting obligations based on market capitalisation:            i.   Straits Times Index (STI) constituents;           ii.  Non-STI constituent listed companies with a market capitalisation of $1 billion and above; and          iii.  Non-STI constituent listed companies with a market capitalisation of less than $1 billion.      b.    Scope 1 and 2 GHG emissions  reporting will remain mandatory for all listed companies from FY2025.       c.    Scope 3 GHG emissions  reporting will remain mandatory for STI constituent [2] listed companies from FY2026. For other non-STI constituent listed companies, Scope 3 GHG emissions reporting will be voluntary until further notice.       d.    Other ISSB-based CRD  (beyond Scope 1, 2 and 3 GHG emissions) [3]   will remain mandatory for STI constituent listed companies from FY2025. Non-STI constituent listed companies with a market capitalisation of $1 billion and above will be required to report other ISSB-based CRD from FY2028 [4] . Non-STI constituent listed companies with a market capitalisation of less than $1 billion will follow from FY2030.       e.    External limited assurance  for Scope 1 and 2 GHG emissions is deferred to FY2029 for all listed companies. 6       The updated requirements for listed companies are summarised in Table 1 below.           Table 1 – Summary of updated climate reporting requirements for listed companies ( updates highlighted in yellow ) 7          Scope 1 and 2 GHG emissions reporting remains mandatory from FY2025 for all listed companies as these are key information in tracking companies’ decarbonisation progress. Mandatory requirements for ISSB-based CRD also remain in effect for STI constituents, with Scope 3 GHG emissions reporting to be mandatory from FY2026. This is as STI constituents have demonstrated a higher degree of readiness and capabilities for such disclosures. All listed companies are strongly encouraged to continue strengthening their climate reporting capabilities and demonstrate progress towards incorporating the climate-relevant provisions from the ISSB Standards. Large NLCos 8         The approach for large NLCos is updated accordingly: ISSB-based CRD (including Scope 1 and 2 GHG emissions)  are deferred to FY2030.   Scope 3 GHG emissions reporting remains voluntary until further notice. External limited assurance for Scope 1 and 2 GHG emissions is deferred to FY2032.  9       These updated requirements are summarised in Table 2. Table 2 – Summary of updated climate reporting requirements for large NLCos ( updates highlighted in yellow )  10      As Large NLCos will be starting their climate reporting journey later than listed companies, they will now have more time to build up their climate reporting capabilities.  Continued capability development 11     Companies can tap on the Sustainability Reporting Grant (SRG) by the Singapore Economic Development Board (EDB) and Enterprise Singapore (EnterpriseSG) to prepare for Other ISSB-based CRD   before mandatory compliance sets in. Application deadlines for the SRG have been updated in view of these updated requirements [6] .  12       “Sustainability reporting is a crucial tool for companies to support their sustainability strategy and for accountability to their stakeholders. Our differentiated implementation approach provides companies who are less ready with some relief in the near term so that they can build up capabilities for the future, while requiring companies who are more ready to progress with their reporting. This reflects our commitment to supporting companies through current challenges while maintaining Singapore's momentum in climate action, paving the way for more meaningful and higher quality climate-related disclosures in the long run,” said Mrs Chia-Tern Huey Min, ACRA’s Chief Executive. 13       “High-quality climate-related disclosures are necessary but challenging to produce. We are taking a more targeted and proportionate approach – large companies like STI constituent listed companies have more resources and should take the lead. Other companies may require more time which is why we are extending some timelines and continuing with capability building efforts. We will however retain the start-date for mandatory Scope 1 and 2 GHG emissions disclosure as this information is more circumscribed. In making these disclosures, companies will also learn and can prepare for other aspects of reporting that will be mandatory in future,” said Mr Tan Boon Gin, CEO of SGX RegCo.    [1]   SBF calls for extension of compliance deadline of International Sustainability Standards Board (ISSB)-based climate-related disclosure for smaller listed companies [2] The requirement applies if a company is an STI constituent on 30 June 2025, even if it ceases to be an STI constituent subsequently. [3] Other ISSB-based CRD refers to information on how companies manage climate-related risks and opportunities through their governance, strategy, and risk management, along with the key metrics and targets they use to measure progress. [4] The requirement applies if a company has a market capitalisation of S$1 billion and above as at close of market on 30 June 2025, in which case the report is to be prepared from FY2028. If a company is listed after 30 June 2025 with a market capitalisation of S$1 billion and above as at close of market on its listing date, the requirement also applies. In this case, the report is to be prepared for the financial year that is the later of: (i) FY2028 or (ii) its first full financial year after listing. In all cases, the requirement applies even if a company’s market capitalisation falls below S$1 billion subsequently. [5] SGX RegCo  announced in September 2024 that it would review listed companies’ experience and readiness before establishing the implementation roadmap for reporting Scope 3 GHG emissions.  [6] Refer to  EDB and  EnterpriseSG ’s webpages on the Sustainability Reporting Grant for more details. Source Link: https://www.sgxgroup.com/media-centre/20250825-extended-timelines-most-climate-reporting-requirements-support

June 17, 2025 │ KANANASKI, Alberta, Canada. With G7 partners, Canada will build a new era of collaboration – one rooted in mutual support and resilient partnerships. In an increasingly dangerous and divided world, co-operation with reliable partners is more important than ever. With G7 partners, Canada will build a new era of collaboration – one rooted in mutual support and resilient partnerships. Canada is ready to lead.  Today, the Prime Minister, Mark Carney, concluded his participation in the 2025 G7 Leaders’ Summit in Kananaskis, Alberta. Under Canada’s Presidency, this G7 deepened co-operation with joint statements in the following areas: Securing critical minerals supply chains Adopting, powering, and sharing artificial intelligence Collaborating on quantum innovation Preventing, fighting, and recovering from wildfires Countering foreign interference, including transnational repression Fighting transnational crime, such as migrant smuggling   Prime Minister Carney also announced the following measures in support of Ukraine: Sanctions on individuals, entities, and vessels that continue to support Russia’s aggression in Ukraine. An additional $2 billion in military assistance this year. The disbursement of a $2.3 billion loan to Ukraine through the G7 Extraordinary Revenue Acceleration Loans mechanism. The allocation of $57.4 million in security-related assistance. Canada will also be taking action to build stronger economies and international systems: $391.3 million to catalyze private capital toward economic growth and development projects around the world. Up to $185.6 million to accelerate the adoption and commercialization of artificial intelligence. $120.4 million to global wildfire prevention, response, and recovery. $80.3 million to build reliable critical minerals supply chains. $22.5 million to accelerate the development and use of quantum technologies. Up to $544 million in guarantees for new development financing in Latin America and the Caribbean. While our threats cross borders, so do our partnerships and opportunities. In these areas of common interest, Canada is leading G7 co-operation to deliver stability, security, and prosperity.   Quote “In Kananaskis, Canada’s Presidency showed that we’re ready to create new international partnerships, deepen alliances, and lead member nations into a new era of global co-operation. Canada has the resources the world wants and the values to which others aspire. Canada is meeting this moment with purpose and strength.”  — The Rt. Hon. Mark Carney, Prime Minister of Canada  Source Link: https://g7.canada.ca/en/news-and-media/news/prime-minister-carney-concludes-2025-g7-leaders-summit/

About Danantara Indonesia Daya Anagata Nusantara Investment Management Agency (Danantara Indonesia) is an investment arm that consolidates and optimizes Government's Investments to support national economic growth. The name "Daya Anagata Nusantara" was directly given by President Prabowo Subianto. "Daya" means energy, "Anagata" refers to the future, and "Nusantara" represents the Republic of Indonesia. Together, the name reflects Indonesia’s strength and future potential. In pursuit of its strategic objectives, Danantara Indonesia aims to drive economic growth with a professional approach and implementing good governance. Danantara Indonesia is dedicated to enhancing asset efficiency, attracting global investments, and strengthening Indonesia's competitiveness in strategic sectors, positioning itself as a key player in Indonesia’s economic future with significant potential for global investors. Source Link: https://www.danantaraindonesia.com/#journey

Tokyo, June 17, 2025 In implementing the reduction in the repurchase amount, the Bank will take into account the impact on the supply and demand conditions of JGBs. The Bank of Japan decided to implement measures regarding the Securities Lending Facility (SLF), including an expansion of the issues of Japanese government bonds (JGBs) applicable to the relaxed conditions for the reduction in the Bank's repurchase amount, from the viewpoint of improving liquidity in the JGB market. 1. JGB Issues Applicable to the Relaxed Conditions for the Reduction in the Repurchase Amount under the SLF Before After Issues applicable to the relaxed conditions for the reduction in the repurchase amount The cheapest-to-deliver (CTD) issues 10-year JGB issues3 maturing in and after 2031 of which the share of the Bank's holdings in the market exceeds 80 percent 2. Upper Limit on the Reduction of the Repurchase Amount under the SLF When judging whether the reduction in the repurchase amount contributes to improving liquidity in the JGB market, the Bank, as before,4 continues to mainly take into account the amount outstanding of the applicable issues in the market. 5 It will accept counterparties' requests in principle until the amount outstanding of each of the applicable issues in the market recovers to about 1.5 trillion yen. Before After Upper limit on the reduction Until the amount outstanding in the market recovers to about 1.2 trillion yen (Issues applicable: the CTD issues) Until the amount outstanding in the market recovers to about 1.5 trillion yen (Issues applicable: the issues after the change as specified in 1. above) In implementing the reduction in the repurchase amount, the Bank will take into account the impact on the supply and demand conditions of JGBs. From this perspective, when the Bank approves the reduction that contributes to improving liquidity in the JGB market, the upper limit will be set at about 200 billion yen per month.7 For further information, please contact the Market Operations Division, Financial Markets Department (post.fmd7@boj.or.jp). Source Link: https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2025/mpr250617c.pdf

Amsterdam, Brussels, Dublin, Lisbon, Luxembourg, Milan, Oslo and Paris – 16 June 2025 The go-live of this enhanced service offering is scheduled for November 2025. Euronext and Clearstream start a new partnership to advance the continued development of Euronext Clearing’s collateral management services across repo and other asset classes. The additional collaboration with Clearstream strengthens Euronext Clearing’s infrastructure to deliver scalable and efficient clearing solutions tailored to the evolving requirements of European and international market participants.  As part of this initiative, Clearstream will serve as a triparty agent (TPA) for Euronext Clearing, facilitating advanced collateral management capabilities. Clients will benefit from automated, flexible and operationally streamlined solutions that enhance margin and balance sheet optimisation. Clearstream will act as an independent third party, handling the collateral selection, valuation and substitution to ensure compliance with eligibility criteria while minimising operational complexities. In addition, Clearstream will manage settlement and custody services, provide robust regulatory reporting, and support liquidity and risk management objectives.  The go-live of this enhanced service offering is scheduled for November 2025. Integrated post-trade infrastructure to strengthen European capital markets  The partnership aligns with Euronext’s and Clearstream’s ambitions to strengthen European capital markets by providing robust, scalable and efficient pan-European post-trade infrastructure.  It represents a significant milestone in Euronext’s strategy to expand its 25-year strong  repo clearing franchise into a unified, pan-European clearing model delivering greater efficiency and value to clients across the continent and beyond. The agreement supports the upcoming launch of the initial phase of Euronext Clearing’s Repo Expansion Initiative, the Repo Foundation, scheduled for June 2025 —opening access to international participants and introducing broader product capabilities. Over the past three years, Euronext Clearing has transformed from a national central counterparty into the third-largest European clearing house, integrating operations across multiple countries, markets, and asset classes.  Clearstream adds its 30-years expertise in supporting market participants worldwide to efficiently manage and mobilize their collateral assets in changing market environments. In a strategic initiative, the post-trade service provider has consecutively enhanced its collateral management, lending and liquidity services, connecting with central counterparties (CCPs), exchange providers, and other central securities depositories (CSDs) to maximize much-needed liquidity at global markets.  Clearstream’s innovative data and digital collateral solutions complete the joint offering, supporting Euronext Clearing with AI-based collateral schedule creation and liquidity optimisation data insights.  Anthony Attia, Global Head of Derivatives and Post-Trade at Euronext , said: “This collaboration with Clearstream marks an important step in the execution of our ‘Innovate for Growth 2027’ strategy, reinforcing Euronext Clearing’s ability to deliver cutting-edge collateral and clearing solutions. As we prepare to launch the Repo Foundation in June 2025, this alliance supports the broader expansion of our repo clearing services across Europe. By working with Clearstream, we are scaling our infrastructure, enhancing collateral mobility, and building a more resilient, client-focused clearing ecosystem.” Sam Riley, CEO at Clearstream Securities Services, said: “As financial markets become more unpredictable, demanding greater speed and efficiency, we stay committed to empowering our clients with reliable and scalable state-of-the-art solutions. We are delighted to partner with Euronext Clearing to deliver innovative collateral management solutions that enhance market efficiency and support sustainable growth. This collaboration reflects our commitment to building a stronger and more accessible European capital market that is well-equipped to navigate the complexities of the financial landscape of today and tomorrow.” About Clearstream Clearstream is the innovative and trusted post-trade business for the global markets. It runs the leading securities and funds servicing ecosystems of tomorrow.   The company operates the German and Luxembourg central securities depositories and an international central securities depository for the Eurobonds market. With 20 trillion Euros in assets under custody, it is one of the world’s largest settlement and custody firms for domestic and international securities.   It also delivers premier fund dealing, distribution, digital and data services, covering over 55 fund markets worldwide.   Clearstream is part of Deutsche Börse Group, an international exchange organisation and provider of innovative market infrastructures.  To learn more, visit us at  www.clearstream.com or connect via  LinkedIn . Source Link: https://www.euronext.com/en/about/media/euronext-press-releases/euronext-and-clearstream-launch-partnership-further-strengthen

April 15, 2025. JAKARTA, Indonesia More than 80% of People Spend Their THR on Zakat and Food, So It's Important to Manage Your Money Wisely. The 'SHE CAN' programme aims at enhancing financial inclusion for vulnerable women in West Kalimantan. The Asia Foundation (TAF) and DBS Foundation inaugurated the SHE CAN - “Accelerating Financial Inclusion for Vulnerable Women in West Kalimantan Province” programme. The programme seeks to empower 80,000 vulnerable women over the period 2024-2027 through a series of integrated training, mentoring, and financial literacy courses. The launching ceremony of the SHE CAN programme was attended by TAF Country Representative Hana Satriyo , Head of Group Strategic Marketing & Communications at PT Bank DBS Indonesia Mona Monika , and Deputy for Gender Equality, Ministry of Women Empowerment and Child Protection Dr. Amurwani, S.Sos, Mhum . The SHE CAN programme was officially opened by Assistant II for Economic Affairs and Development of West Kalimantan Province Drs. Ignasius IK, SH., M.Si , representing the governor of West Kalimantan. The SHE CAN programme was a response to the challenges faced by West Kalimantan due to the high value of the gender inequality index (0.52%), which is inconsistent with the quite high score in the financial inclusion index (84.16%). This shows that women have limited access to economic and political resources. The widening gender inequality in the last two years, accompanied by a decline in the Gender Empowerment Index score and an increase in violence against women—particularly within the domestic sphere — indicates the need for intervention that is focused on promoting women's independence and protection. Hana Satriyo , Country Representative of The Asia Foundation Indonesia, said “The SHE CAN programme is in line with The Asia Foundation's mission to enhance economic empowerment and promote women's leadership. With the support of DBS Foundation, we are investing in women's skills development and aspirations to bring about positive change and transformation of local communities.” Mona Monika , Head of Group Strategic Marketing & Communications at PT Bank DBS Indonesia, said, “This programme is part of a broader support from DBS Foundation, which will allocate SGD9 million or more than Rp100 billion for the next three years to improve the quality of life and welfare of vulnerable communities in Indonesia, including women. We believe that empowering women is the key to creating sustainable change. As a purpose-driven bank, we are committed to accelerating financial inclusion by expanding women's access to education, training and economic opportunities. This initiative is in line with Bank DBS Indonesia's vision to create impact beyond banking by supporting the development of more inclusive, empowered and resilient communities.” In general, the complexity of the financial inclusion problem in Indonesia is due to the paradox of high access to financial services (inclusion index score of 85.1%) that is not matched by adequate literacy (literacy index score of 49.68%) (SNLIK OJK, 2022). This phenomenon is evident in the high number of people who are lured to invest in fraudulent schemes and who fall victims to illegal online lending services and gambling. In West Kalimantan, the financial inclusion achievement rate is slightly lower (84.16%) than the national rate, although the financial literacy index score is higher (51.95%). A study by the SHE CAN Programme revealed that the inclusion rate among vulnerable and low-income women in West Kalimantan is still much lower than the OJK SNLIK figures, with only 67% of women having bank accounts, 38% accessing loans (CU/Pawnshop/bank), and 24% using e-wallets for digital transactions. This means there is still a gap between the financial inclusion achievement in general and the reality at the grassroots level, especially among vulnerable women. The SHE CAN programme is an important initiative to accelerate gender equality for vulnerable women and promote sustainable development and more inclusive economic growth in West Kalimantan. Many studies show that when women have purchasing power and control over spending, they are more likely to spend it on children's education and family health, with a direct impact on the long-term quality of human resources. Dr. Amurwani, S.Sos, Mhum , Deputy Minister for Gender Equality, Ministry of Women's Empowerment and Child Protection, said, “We hope that with this financial inclusion acceleration programme, women, especially those from marginalised groups, can continue to develop their potential so that they can increase competitiveness, improve welfare, and have equal access and opportunities to enjoy the results of development.” In his speech, Assistant II for Economic Affairs and Development, West Kalimantan Province Drs. Ignasius IK, SH, M.Si representing the governor of West Kalimantan, said, “This programme also supports the vision of the West Kalimantan Provincial Government for 2025-2030, which places gender equality and women's empowerment as regional development priorities. Together with TAF, DBS Foundation and all parties, the West Kalimantan Provincial Government is optimistic that accelerating and expanding access to finance through collaboration with the SHE CAN programme can be implemented well and have a positive impact on the community, particularly women in West Kalimantan.” Summary of the SHE CAN programme study   In January-March 2025, TAF conducted a qualitative study in seven districts/cities on the latest developments in women's financial inclusion and how the programme could be implemented in West Kalimantan. The study findings show that: Women from vulnerable groups face structural and cultural barriers in accessing financial services, mainly due to a number of factors, including a lack of financial literacy, the absence of legal identity, and social norms that cast men as the main decision-makers in the family. Most women from vulnerable groups can only run informal businesses as they have difficulties meeting the requirements of formal financial institutions. This ultimately limits their economic opportunities and reinforces dependency within households and communities. The saving habit among women in West Kalimantan is very strong, even though none of them keep records of their household finances. There was a strong desire among the women interviewed to become more financially independent, particularly as a way to break out of the cycle of household economic dependency. The study findings serve as a building block for designing a relevant financial literacy and financial inclusion training programme for 80,000 vulnerable women. By collaborating with local partners, namely PPSW Borneo, CU Keling Kumang, and Krealogi, SHE CAN will recruit 400 community facilitators using the Training of Facilitators (ToF) approach, and conduct hundreds of training and mentoring sessions in the community to reach 80,000 women. The curriculum of the SHE CAN programme funded by DBS Foundation for the period 2025-2027 will be interactive, contextual, and applicable , incorporating face-to-face and online methods, games and practice sheets, participatory approaches, and ongoing mentoring. To generate long-term impact, the programme will also establish the West Kalimantan Financial Literacy Facilitator Network to manage knowledge assets and oversee programme sustainability. For more information about this programme, please visit the DBS Foundation and The Asia Foundation websites. [END] About The Asia Foundation The Asia Foundation is a non-profit international development organisation committed to improving lives and expanding opportunities in Asia and the Pacific. Drawing on 70 years of experience and deep local knowledge, our work focuses on governance, climate action, gender equality, education and leadership, inclusive growth, and international cooperation. We work in more than 20 countries through 17 offices and programmes across Asia and the Pacific, supported by headquarters in San Francisco and an office in Washington, D.C. Our funding comes from a diverse range of bilateral and multilateral development agencies, foundations, corporations, and individuals. For more information, please contact: The Asia Foundation: shecan@asiafoundation.org About DBS DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 16 consecutive years from 2009 to 2024. DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. Established in 1989 as part of the Singapore-based DBS Group, PT Bank DBS Indonesia (Bank DBS Indonesia) is one of the banks with the longest history in Asia. Currently operating 1 Head Office, 13 Branch Offices, 16 Assistant Offices and 4 Functional Offices and 3,011 active employees in 15 Major Cities in Indonesia, Bank DBS Indonesia provides comprehensive banking services that focus on the customer experience to 'Live more, Bank less'. We also see a purpose beyond banking and are committed to supporting our customers, employees, and the community towards a sustainable future. PT Bank DBS Indonesia is licensed and supervised by The Indonesian Financial Services Authority (OJK), and an insured member of Indonesia Deposit Insurance Corporation (LPS). DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience. With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com . About DBS Foundation Established in 2014, DBS Foundation is committed to uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged, and fosters inclusion by equipping the underserved with financial and digital literacy skills. It also nurtures innovative social enterprises that create positive impact. It aims to bring hope to those with less today, so no one is left behind and we can all face the future with confidence.In 2024, DBS committed up to SGD 1 billion dollars over the next decade to support vulnerable communities. It also pledged to contribute 1.5 million employee volunteer hours over the same period.Together with an ecosystem of like-minded partners, DBS Foundation seeks to create impact that goes beyond banking, beyond borders, and beyond generations.For more information, please visit: www.dbs.com/dbsfoundation . Source Link: https://editor.wix.com/html/editor/web/renderer/edit/73277921-95a4-431b-924e-2361893209e6?metaSiteId=214f5fcc-b98f-4f8b-b03f-59d8844a30d0

March 31, 2025. MUMBAI, India The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian GAAP) results for the quarter and year ended March 31, 2025, at its meeting held in Mumbai on Saturday, April 19, 2025. The accounts have been subjected to an audit by the statutory auditors of the Bank. CONSOLIDATED FINANCIAL RESULTS: The Bank’s consolidated net revenue was ₹ 732.8 billion for the quarter ended March 31, 2025. The consolidated profit after tax for the quarter ended March 31, 2025 was ₹ 188.3 billion. The consolidated PAT adjusted for trading and mark to market gains, prior year one-off provisions and prior year tax credits, grew by approximately 10%. The consolidated PAT for the year ended March 31, 2025 was ₹ 707.9 billion. Earnings per share for the quarter ended March 31, 2025 was ₹ 24.6 and ₹ 92.8 for the year ended March 31, 2025. Book value per share as of March 31, 2025 was ₹ 681.9. STANDALONE FINANCIAL RESULTS: Profit & Loss Account: Quarter ended March 31, 2025 The Bank’s net revenue was ₹ 440.9 billion for the quarter ended March 31, 2025 as against ₹ 472.4 billion (which included transaction gains of ₹ 73.4 billion from stake sale in subsidiary HDFC Credila Financial Services Ltd) for the quarter ended March 31, 2024. Net interest income (interest earned less interest expended) for the quarter ended March 31, 2025 grew by 10.3% to ₹ 320.7 billion from ₹ 290.8 billion for the quarter ended March 31, 2024. Net interest margin was at 3.54% on total assets, and 3.73% based on interest earning assets. Excluding ₹ 7 bn of interest on income tax refund, core net interest margin was at 3.46% on total assets, and 3.65% based on interest earning assets. Other income (non-interest revenue) for the quarter ended March 31, 2025 was ₹ 120.3 billion. The four components of other income for the quarter ended March 31, 2025 were fees & commissions of ₹ 85.3 billion (₹ 79.9 billion in the corresponding quarter of the NEWS RELEASE HDFC Bank Ltd. HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013. CIN: L65920MH1994PLC080618 previous year), foreign exchange & derivatives revenue of ₹ 14.4 billion (₹ 11.4 billion in the corresponding quarter of the previous year), net trading and mark to market gain of ₹ 3.9 billion (gain of ₹ 75.9 billion including transaction gains of ₹ 73.4 billion in the corresponding quarter of the previous year) and miscellaneous income, including recoveries and dividend of ₹ 16.7 billion (₹ 14.4 billion in the corresponding quarter of the previous year) Operating expenses for the quarter ended March 31, 2025 were ₹ 175.6 billion as against ₹ 179.7 billion (which included staff ex-gratia provision of ₹ 15.0 billion) during the corresponding quarter of the previous year. The cost-to-income ratio for the quarter was at 39.8%. Provisions and contingencies for the quarter ended March 31, 2025 were ₹ 31.9 billion as against ₹ 135.1 billion (which included floating provisions of ₹ 109.0 billion) for the quarter ended March 31, 2024. Profit before tax (PBT) for the quarter ended March 31, 2025 was at ₹ 233.4 billion. Profit after tax (PAT) for the quarter was at ₹ 176.2 billion. PAT, adjusted for trading and mark to market gains, prior year one-off provisions and prior year tax credits, grew by approximately 10% over the quarter ended March 31, 2024. Balance Sheet: As of March 31, 2025 Total balance sheet size as of March 31, 2025 was ₹ 39,102 billion as against ₹ 36,176 billion as of March 31, 2024. The Bank’s average deposits were ₹ 25,280 billion for the March 2025 quarter, a growth of 15.8% over ₹ 21,836 billion for the March 2024 quarter, and 3.1% over ₹ 24,528 billion for the December 2024 quarter. The Bank’s average CASA deposits were ₹ 8,289 billion for the March 2025 quarter, a growth of 5.7% over ₹ 7,844 billion for the March 2024 quarter, and 1.4% over ₹ 8,176 billion for the December 2024 quarter. Total EOP Deposits were at ₹ 27,147 billion as of March 31, 2025, an increase of 14.1% over March 31, 2024. CASA deposits grew by 3.9% with savings account deposits at ₹ 6,305 billion and current account deposits at ₹ 3,141 billion. Time deposits were at ₹ 17,702 billion, an increase of 20.3% over the corresponding quarter of the previous year, resulting in CASA deposits comprising 34.8% of total deposits as of March 31, 2025. Grossing up for transfers through inter-bank participation certificates, bills rediscounted and securitisation / assignment, average advances under management were ₹ 26,955 billion for the March 2025 quarter, a growth of 7.3% over ₹ 25,125 billion for the March 2024 quarter, and a growth of 2.6% over ₹ 26,276 billion for the December 2024 quarter. Gross advances were at ₹ 26,435 billion as of March 31, 2025, an increase of 5.4% over March 31, 2024. Advances under management grew by 7.7% over March 31, 2024. Year ended March 31, 2025 For the year ended March 31, 2025, the Bank earned a total income of ₹ 3,461.5 billion as against ₹ 3,075.8 billion in the corresponding period of the previous year. Net revenues (net interest income plus other income) for the year ended March 31, 2025 were ₹ 1,683.0 billion, as against ₹ 1,577.7 billion for the year ended March 31, 2024. Profit after tax for the year ended March 31, 2025 was ₹ 673.5 billion, up by 10.7% over the corresponding year ended March 31, 2024. Capital Adequacy: The Bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 19.6% as on March 31, 2025 (18.8% as on March 31, 2024) as against a regulatory requirement of 11.7%. Tier 1 CAR was at 17.7% and Common Equity Tier 1 Capital ratio was at 17.2% as of March 31, 2025. Risk-weighted Assets were at ₹ 26,600 billion. DIVIDEND The Board of Directors recommended a dividend of ₹ 22.0 per equity share of ₹ 1 for the year ended March 31, 2025. This would be subject to approval by the shareholders at the next annual general meeting. NETWORK As of March 31, 2025, the Bank’s distribution network was at 9,455 branches and 21,139 ATMs across 4,150 cities / towns as against 8,738 branches and 20,938 ATMs across 4,065 cities / towns as of March 31, 2024. 51% of our branches are in semi-urban and rural areas. In addition, we have 15,399 business correspondents, which are primarily manned by Common Service Centres (CSC). The number of employees were at 2,14,521 as of March 31, 2025 (as against 2,13,527 as of March 31, 2024). ASSET QUALITY Gross non-performing assets were at 1.33% of gross advances as on March 31, 2025 (1.13% excluding NPAs in the agricultural segment), as against 1.42% as on December 31, 2024 (1.19% excluding NPAs in the agricultural segment), and 1.24% as on March 31, 2024 (1.12% excluding NPAs in the agricultural segment). Net non-performing assets were at 0.43% of net advances as on March 31, 2025. SUBSIDIARIES Amongst the Bank’s key subsidiaries, HDFC Life Insurance Company Ltd and HDFC ERGO General Insurance Company Ltd prepare their financial results in accordance with Indian GAAP and other subsidiaries do so in accordance with the notified Indian Accounting Standards ('Ind-AS'). The financial numbers of the subsidiaries mentioned herein below are in accordance with the accounting standards used in their standalone reporting under the applicable GAAP. HDB Financial Services Ltd (HDBFSL), is a non-deposit taking NBFC in which the Bank holds a 94.3% stake. For the quarter ended March 31, 2025, HDBFSL’s net revenue was at ₹ 26.2 billion. Profit after tax for the quarter ended March 31, 2025 was ₹ 5.3 billion compared to ₹ 6.6 billion for the quarter ended March 31, 2024. Profit after tax for the year ended March 31, 2025 was ₹ 21.8 billion. The total loan book was ₹ 1,069 billion as on March 31, 2025. Stage 3 loans were at 2.26% of gross loans. Total CAR was at 19.2% with Tier-I CAR at 14.7%. HDFC Life Insurance Company Ltd (HDFC Life), in which the Bank holds a 50.3% stake, is a leading life insurance solutions provider. Profit after tax for the quarter ended March 31, 2025 was ₹ 4.8 billion compared to ₹ 4.1 billion for the quarter ended March 31, 2024, a growth of 15.8%. Profit after tax for the year ended March 31, 2025 was ₹ 18.0 billion. HDFC ERGO General Insurance Company Ltd (HDFC ERGO), in which the Bank holds a 50.3% stake, offers a range of general insurance products. Profit after tax for the quarter ended March 31, 2025 was ₹ 0.7 billion, as against loss after tax of ₹ 1.3 billion for the quarter ended March 31, 2024. Profit after tax for the year ended March 31, 2025 was ₹ 5.0 billion. HDFC Asset Management Company Ltd (HDFC AMC), in which the Bank holds a 52.5% stake, is the Investment Manager to HDFC Mutual Fund, and offers a comprehensive suite of savings and investment products. For the quarter ended March 31, 2025, HDFC AMC’s Quarterly Average Assets Under Management were approximately ₹ 7,740 billion. Profit after tax for the quarter ended March 31, 2025 was ₹ 6.4 billion compared to ₹ 5.4 billion for the quarter ended March 31, 2024, a growth of 18.0%. Profit after tax for the year ended March 31, 2025 was ₹ 24.6 billion. HDFC Securities Ltd (HSL), in which the Bank holds a 94.5% stake, is amongst the leading broking firms. For the quarter ended March 31, 2025, HSL’s total revenue was ₹ 7.4 billion. Profit after tax for the quarter ended March 31, 2025 was ₹ 2.5 billion, as against ₹ 3.2 billion for the quarter ended March 31, 2024. Profit after tax for the year ended March 31, 2025 was ₹ 11.3 billion. Note: The figures for the period ended March 31, 2025 include the operations of erstwhile HDFC Ltd. which amalgamated with and into HDFC Bank on July 01, 2023 and hence the comparisons with the previous periods have to be looked at in light of the same. ₹ = Indian Rupees 1 crore = 10 million All figures and ratios are in accordance with Indian GAAP unless otherwise specified. BSE: 500180 NSE: HDFCBANK NYSE: HDB Certain statements are included in this release which contain words or phrases such as “will,” “aim,” “will likely result,” “believe,” “expect,” “will continue,” “anticipate,” “estimate,” “intend,” “plan,” “contemplate,” “seek to,” “future,” “objective,” “goal,” “project,” “should,” “will pursue” and similar expressions or variations of these expressions, that are “forward-looking statements.” Actual results may differ materially from those suggested by the forward-looking statements due to certain risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to implement our strategy successfully, the market acceptance of and demand for various banking services, future levels of our non-performing loans, our growth and expansion, the adequacy of our allowance for credit and investment losses, technological changes, volatility in investment income, our ability to market new products, cash flow projections, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future impact of new accounting standards, our ability to pay dividends, the impact of changes in banking regulations and other regulatory changes on us in India and other jurisdictions, our ability to roll over our short-term funding sources and our exposure to market and operational risks. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what may actually occur in the future. As a result, actual future gains, losses or impact on net income could materially differ from those that have been estimated. In addition, other factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this document include, but are not limited to: general economic and political conditions, instability or uncertainty in India and the other countries which have an impact on our business activities or investments caused by any factor, including terrorist attacks in India, the United States or elsewhere, anti-terrorist or other attacks by the United States, a United States-led coalition or any other country, tensions between India and Pakistan related to the Kashmir region or between India and China, military armament or social unrest in any part of India; the monetary and interest rate policies of the government of India, natural calamities, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices; the performance of the financial markets in India and globally, changes in Indian and foreign laws and regulations, including tax, accounting and banking regulations, changes in competition and the pricing environment in India, and regional or general changes in asset valuations. For more information please log on to: www.hdfcbank.com For media queries please contact: Madhu Chhibber Head - Corporate Communications HDFC Bank Ltd., Mumbai. Mobile: +91 9833775515 madhu.chhibber@hdfcbank.com For investor queries please contact: Investor Relations HDFC Bank Ltd., Mumbai. Tel: 91 - 22 - 6652 1054 (D) / 6652 1000 (B) investor.relations@hdfcbank.com Source Link: https://www.hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=/Footer/About%20Us/About%20Investor%20Relations/pdf/2024/march/Press-Release-March-2025.pdf

May 14, 2025 BANGKOK, Thailand These DRs, issued by Bualuang Securities pcl, will commence trading on May 15, 2025. The Stock Exchange of Thailand (SET) announces the listings of 12 new depositary receipts (DRs) representing seven U.S. tech giants and China's five powerhouses. These DRs, issued by Bualuang Securities pcl, will commence trading on May 15, 2025. The seven DRs representing giant U.S. tech companies which are listed on the Nasdaq Exchange and also called the Magnificent 7 are "AAPL01" on Apple Inc., "AMZN01" on Amazon.com Inc., "GOOGL01" on Alphabet Inc., "META01" on Meta Platforms Inc., "MSFT01" on Microsoft Corporation, "NVDA01" on NVIDIA Corporation, and "TSLA01" on Tesla Inc. The five DRs representing Chinese companies which are members of the Terrific 10 and listed on the Hong Kong Stock Exchange are "BABA01" on Alibaba Group Holding Limited, "BIDU01" on Baidu Inc., "BYDCOM01" on BYD Company Limited, "PINGAN01" on Ping An Insurance (Group) Company of China Limited, and "XIAOMI01" on Xiaomi Corporation. DR is an investment instrument that provides investors with the benefits of underlying foreign securities, tradable in Thai baht via existing securities accounts. DRs representing securities listed on the exchanges in the Americas and Europe can be traded during both the day session (10.00-16.30 hrs.) and the night session (19.00-03.00 hrs. of the following day). DRs based on Asian securities are tradable during Thailand's standard day session. For more information on the 12 DRs, please visit www.sec.or.th or the issuer's website: Bualuang Securities pcl at www.bualuang.co.th/dr . For additional information on DRs, please visit www.set.or.th/dr . "SET...Make it 'Work' for Every Future" Follow us on Twitter @SET_Thailand_EN Source Link: https://www.set.or.th/en/market/news-and-alert/newsdetails?id=96770000&symbol=SET&t=SET%20News%20%3A12%20DRs%20on%20Magnificent%207%20and%20Terrific%2010%20stocks%20issued%20by%20BLS%20to%20start%20trading%20on%20May%2015

October 13, 2024. VIENTIANE, Lao PDR We, the Member States of the Association of Southeast Asian Nations (ASEAN), gathered in Vientiane, Lao People’s Democratic Republic (Lao PDR), on 9 October 2024, for the 44th and 45th ASEAN Summits under the Chairmanship of the Lao PDR. The Summits were chaired by H.E. Mr. Sonexay Siphandone, Prime Minister of the Lao PDR, and convened in accordance with the ASEAN Charter. We reaffirmed our support for Lao PDR’s ASEAN Chairmanship under the theme ASEAN: Enhancing Connectivity and Resilience, which focuses on enhancing connectivity through integrating economies, forging an inclusive and sustainable future, and transforming for the digital era, and strengthening resilience by supporting the development of the ASEAN Community Vision 2045 and its Strategic Plans, strengthening ASEAN Centrality, promoting environmental cooperation, addressing issues related to women and children, and bolstering health systems. We emphasised the importance of these efforts in building a more connected and resilient ASEAN Community that is prepared to seize future opportunities and to overcome challenges. We underscored the significance of maintaining and promoting cooperation and collaboration within ASEAN and with external partners to achieve these objectives Download the full statement here. Source Link: https://asean.org/chairmans-statement-of-the-44th-and-45th-asean-summits/

NEW YORK, US. November 21, 2024. Artificial intelligence – one of the five mega forces that we track – can automate laborious tasks, analyze huge sets of data and help generate fresh ideas. Digital disruption goes beyond AI. Explore this interactive page and learn more about our roadmap to help assess the investment implications of artificial intelligence. AI’s big questions AI offers great promise and has spurred heavy investment. But how could the economy change? Over what timeframe? And who will reap the rewards? In our latest report, we look at these questions and more – and explore what it all means for investors. We anchor our framework to track the AI evolution around three key phases: Phase 1 - Buildout: The first phase is the race to build the infrastructure AI needs. Phase 2 - Adoption: As infrastructure grows and AI applications mature, adoption is likely to accelerate – packaged into different apps and software. Phase 3 – Transformation: This phase is where companies could unlock the full value of AI adoption, as broad productivity gains and new business models and industries emerge. Read Full on: https://www.blackrock.com/corporate/insights/blackrock-investment-institute/publications/mega-forces/artificial-intelligence