Prime Minister Prayut Chan-o-cha has ordered all relevant officials to keep an eye on the impact of the collapse of Silvergate Bank and Silicon Valley Bank (SVB) in the United States on Thailand’s financial system.Continue Reading
In the near term, some start-ups in Singapore with US-based venture capitalists or investors may see funding being delayed, industry players told CNA.Continue Reading
Silicon Valley Bank, which catered to the tech industry for three decades, collapsed on March 10, 2023, after the Santa Clara, California-based lender suffered from an old-fashioned bank run. State regulators seized the bank and made the Federal Deposit Insurance Corporation its receiver. SVB, as it’s known, was the biggest US lender to fail since […]Continue Reading
Masatoshi Iso’s company brought 7-Eleven to Japan – where a quarter of stores are now located.Continue Reading
SEOUL: The three surviving South Koreans who have won court cases over being forced to work under Japanese colonial rule have formally rejected a government compensation plan, potentially throwing up legal obstacles for Seoul as it seeks to mend ties with Tokyo. Seoul announced last week that South Korean companiesContinue Reading
Investing in Ukrainian private companies, especially in existing dynamic small-to-medium-sized enterprises (SMEs), is becoming a safer bet than chasing venture-capital startups and the next unicorn à la notorious serial VC investor Marc Andreessen after the collapse of Santa Clara, California–based Silicon Valley Bank (SVB). While shareholders and bondholders of the $200-billion-plus bank financing high-risk venture-capital […]Continue Reading
LONDON: Britain approved a sharp increase in exports of submarine parts and technology last year to Taiwan as it upgrades its naval forces, a move that could impact British ties with China. The value of licences granted by the British government to companies for the export of submarine-related components andContinue Reading
SINGAPORE: Former Sakae Holdings director Ong Siew Kwee went on trial on Monday (Mar 13) over the alleged misappropriation of S$15.8 million from a joint venture. The 52-year-old Ong, also known as Andy, claimed trial to one charge each of criminal breach of trust, abetting the forgery of a leaseContinue Reading
Xi Jinping’s new deputy says efforts have to be redoubled to meet the country’s 5% growth target.Continue Reading
Rapidus, Japan’s advanced logic foundry venture company, has chosen Chitose as the site for a new 5 trillion yen (US$37 billion) semiconductor production facility, a move that will pull the island nation’s northernmost region more firmly into its technology supply chain. Chitose, located 40 kilometers and 30 minutes by express train southeast of Sapporo on […]Continue Reading