12/28/2018
Bangkok second in Asia in destination sustainability rankings
Bangkok ranks second among Asian destinations in the latest Global Destination Sustainability Index.
Alternative Investments
12/27/2018
Islamic finance hubs in GCC, Southeast Asia come closer
In the banking industry alone, Malaysia targets to reach 40% Shariah-compliant banking assets as share of overall banking assets by 2020
12/27/2018
Manulife, China Bank unit launches new fund
Customers will have access to offshore investments and take advantage of opportunities in Asia.
12/27/2018
China to promote the launch of perpetual bond issuance
Fixed income security has no maturity date and issuing them is the main way for commercial banks to supplement Tier 1 capital internationally
12/27/2018
China to help banks replenish capital through various channels
But Chinese lenders face limited funding channels as many listed banks trade below their book value in a bearish stock market.
12/27/2018
Malaysia fund manager PNB’s assets up 6.8% in January-November
Strategic companies are majority owned by PNB, either directly or via one of the funds managed by Amanah Saham Nasional.
12/27/2018
Mirae Asset buys Amazon-leased US distribution center for $78 mn
Mirae Asset sealed the acquisition via its US subsidiary and will sell down part of its equity interest in the property to US investors and high net-worth individuals.
12/26/2018
Dubai joins India’s GJEPC in its MyKYCBank initiative
The GJEPC had launched the MyKYCBank initiative after billionaire Nirav Modi defrauded Punjab National Bank (PNB) to the tune of Rs13,000 crore along with his uncle Mehul Choksi early this year.
12/26/2018
US private fund Castlelake to buy AirAsia plane portfolio for $768m
The 29 planes – Airbus’ A320-200ceo and A320neo – will be leased back to AirAsia. Read more at: https://www.dealstreetasia.com/stories/us-private-fund-castlelake-to-buy-airasia-plane-portfolio-for-768m-115116/
12/21/2018
HSBC sells 49% of HSBC Amanah Takaful
For the HSBC Group, the transaction does not have any impact on our current businesses in Malaysia, comprising HSBC Bank Malaysia Bhd and HSBC Amanah Malaysia Bhd.
12/21/2018
Some of the Philippines’ Biggest Managers Return to Buying Bank Stocks
Third-quarter results were certainly a step in the right direction: net-interest margins improved 7 basis points to 3.34 percent, according to Charles William Ang
12/20/2018
Gemini Property Developers to expand marketing activities to India
A number of UAE developers participated at the annual Dubai Property Show that is aimed at tapping into the Indian investor.
12/20/2018
Citigroup said to face $180 million loss on Asia hedge fund loan
The matter was escalated to Citigroup's board, one person said. The bank is also reorganizing its prime brokerage business as a result of the expected financial hit, the person said.
12/20/2018
Nomura to Announce Third Quarter Operating Results on January 31
Financial statements and presentation materials will be available on the Nomura Holdings website shortly after the announcement.
12/20/2018
Hong Kong Had the Most Expensive Real Estate in the World in 2018
The housing market is alive and well...if you're a billionaire.
12/19/2018
HSBC Life opens Shenzhen branch
The opening of the new Shenzhen branch will allow HSBC Life to significantly expand its reach to meet the growing demand from the rising affluent segments in the region.
12/19/2018
Bain Capital closes new Asian fund at US$4.65b: source
The firm, which had targeted to raise US$3.5 billion to US$4 billion, declined to comment.
12/19/2018
Individual limit for Singapore Savings Bonds doubled
From Feb 1 next year, investors will also be able to buy the bonds using their SRS funds
12/19/2018
Investors to move on property before election: BlackRock
With the policy unlikely to be retrospective, Vardy sees investors potentially putting property back into their portfolio before the next election.
12/19/2018
Consumerist sector is India’s investment frontier
India is only at the start of its journey