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Singapore ranks 7th for costly prime office spaces

Singapore ranks as the seventh most expensive market for prime office space, according to Savills. London’s West End leads with an annual...

Key US-China economic officials to meet in Shanghai

Aug 14

Key US-China economic officials to meet in Shanghai

Senior US and Chinese economic officials will meet in Shanghai on Aug. 15-16 for the first time since China outlined its long-term...

Sydney to host Australia's largest ASEAN business summit

Aug 14

Sydney to host Australia's largest ASEAN business summit

Sydney will host Australia's largest-ever business summit for ASEAN nations on August 29-30, drawing up to 500 delegates. The 2024...

SMBC expands Jefferies Financial stake, targets 15% ownership

Aug 13

SMBC expands Jefferies Financial stake, targets 15% ownership

Jefferies Financial Group announced that Japan’s Sumitomo Mitsui Banking Corp (SMBC) has increased its stake in the US investment bank to...

Thailand forms committee for financial hub

Aug 13

Thailand forms committee for financial hub

The Finance Ministry is forming a 34-member committee, chaired by Deputy Finance Minister Paopoom Rojanasakul, to develop policies and...

Foreign investors withdraw billions from China in Q2

Aug 13

Foreign investors withdraw billions from China in Q2

Foreign investors withdrew a record amount from China last quarter, reflecting deep pessimism about the world's second-largest economy....

Singapore Q2 GDP grows 2.9%, exceeding expectations

Aug 13

Singapore Q2 GDP grows 2.9%, exceeding expectations

Singapore's economy grew 2.9% year-on-year in the April-June quarter, matching official estimates and exceeding market expectations,...

Top China fund executive resigns amid probe

Aug 12

PEOPLE MOVES

Top China fund executive resigns amid probe

Henry Zhao Xuejun, long-time chairman of Harvest Fund Management, one of China’s largest mutual fund firms, has resigned amid a personal...

E-commerce tycoon Colin Huang now China's wealthiest

Aug 12

E-commerce tycoon Colin Huang now China's wealthiest

Colin Huang, founder of PDD Holdings, has become China's richest man, with a net worth of USD48.6bn, according to the Bloomberg...

Singapore’s MAS chooses EY for family office compliance

Aug 12

Singapore’s MAS chooses EY for family office compliance

The Monetary Authority of Singapore (MAS) has appointed Ernst & Young Advisory Pte. Ltd. (EY) as one of six screening service providers...

Philippines central bank to approve new digital banks from January 2025

Aug 12

Philippines central bank to approve new digital banks from January 2025

The Monetary Board has approved lifting the moratorium on new digital banking licences starting January 1, 2025, allowing up to ten...

Vietnam sees record securities account openings

Aug 9

ASSET MANAGEMENT

Vietnam sees record securities account openings

July saw a significant surge in new individual securities accounts, tripling from the previous month and hitting a two-year high. The...

Philippine economy surges 6.3% in Q2 2024

Aug 9

Philippine economy surges 6.3% in Q2 2024

Philippine economic growth surged to 6.3% in Q2 2024, up from 4.3% last year, and higher than the 5.8% in Q1, reported National...

Business leaders rally to support Hong Kong as a global financial hub

Aug 9

Business leaders rally to support Hong Kong as a global financial hub

Business leaders, lawmakers, and academics in Hong Kong are backing the city’s efforts to seize opportunities in offshore yuan financing,...

Chinese regulators limit duration of new bond funds

Aug 9

Chinese regulators limit duration of new bond funds

Chinese regulators are restricting the duration of new bond funds to curb investment in long-dated treasuries amid efforts to cool a bond...

Hong Kong does not need new virtual banks – HKMA

Aug 8