A Hong Kong building subcontractor surnamed Chan, who was responsible for electrical and mechanical work in air-conditioning systems on a project at Hong Kong International Airport at the beginning of this year, waited several months for the project’s main contractor to pay him. Seeking relief from his liquidity problem, Chan even approached banks but was
By Sameer Manekar and Anshuman Daga SINGAPORE (Reuters) – Asia’s rich and their bankers said they are backing an eventual recovery in China and betting exposure to a region that even in a slowdown is the fastest-growing in the world will pay off. “You’ve got to have the fortitude and the forbearance to be able
Middle Eastern institutional investors are keen to leverage the growing economies of Southeast Asia as they diversify their portfolios amid escalating tensions between China and the West, according to TVM Capital Healthcare, a Dubai and Singapore dual-headquartered private equity firm. “Middle Eastern family offices used to focus almost exclusively on the US and Europe. They
“Hong Kong, an international finance centre, is also a knowledge hub,” said Ma Jun, chairman of co-host Capacity-building Alliance for Sustainable Investment (CASI). “The CASI event will bring together over 30 speakers with sustainable finance knowledge” from Hong Kong, mainland China, Europe, North America, Australia and east, south and central Asia. The other co-hosts are
A start-up is trying to catch the artificial intelligence (AI) surge to bring financial services to the underbanked population in developing markets. Meet Surfin-Meta, a Singapore-based fintech company that is making waves – and money – with its inclusive vision of financial empowerment. The firm, with services spanning lending, credit cards, payment remittance and wealth
(Bloomberg) — Amazon.com Inc. plans to spend $9 billion expanding its cloud computing infrastructure in Singapore, the latest global tech company to boost investment in Southeast Asia. Most Read from Bloomberg The outlay, to be done over the next four years, doubles Amazon Web Services’ investment in Singapore and helps it meet growing customer demand
“Because of the more challenging investment environment, investors are becoming more selective and investing in companies that are past the ideation stage,” said Lawrence Loh, a professor at the National University of Singapore Business School. Who is Truong My Lan? From market stall to Vietnam’s biggest fraud case Singapore – home to about 4,000 tech