The bank saw sustained business momentum in the quarter and asset quality was resilient, DBS CEO Piyush Gupta said in a statement. Looking ahead to next year, he said the loan pipeline remained healthy and could reach mid-single digit growth. While the bank’s net fee and commission income fell 13Continue Reading
OPEN-DOOR POLICY Yi Gang, governor of the People’s Bank of China (PBOC), said China will continue to deregulate its markets. “Reform and open-door policy will continue,” Yi said. Apparently seeking to ease worries over the impact of COVID-19 lockdowns and a property market crisis, Yi said “the Chinese economy hasContinue Reading
SINGAPORE: Prime Minister Lee Hsien Loong met Chinese Vice Premier Han Zheng on Wednesday (Nov 2), a day after Singapore and China signed 19 agreements to deepen cooperation. The agreements were signed at the 18th Joint Council for Bilateral Cooperation (JCBC) meeting, co-chaired by Mr Han and Deputy Prime Minister HengContinue Reading
Once again Covid and China’s policy for combating it are causing a lot of excitement. Hong Kong stock markets were up on Tuesday after an unconfirmed social media post said China was preparing to “reopen its border” in March next year. The Hang Seng Index jumped 5.23% to 15,455 points. Tencent surged 10.6% while Meituan […]Continue Reading
Hong Kong authorities were expected to issue the third-highest strong wind warning on Wednesday (Nov 2), which would close financial markets, schools and businesses, as Tropical Storm Nalgae heads across the South China Sea. However, a high-profile conference with senior Wall Street executives will go ahead as planned, organisers said.Continue Reading
The agreements were signed at the 18th Joint Council for Bilateral Cooperation meeting, co-chaired by DPM Heng Swee Keat and Chinese Vice Premier Han Zheng.Continue Reading
Nassim Road has the most sought-after homes in the country, and a rare sale of three mansions is expected to fetch record prices.Continue Reading
Indonesia is the largest economy in Southeast Asia and home to tech success stories like GoTo and Bukalapak, but thanks to the market’s size and scale, we are only at the very beginning of its start-up story.Continue Reading
China’s private security companies (PSC) seem poised to play a larger role in securing the country’s expanding global interests, acting as a strategic tool to ensure an armed presence in key areas amid rising tensions with the United States. In particular, China’s PSCs are expected to play a greater role in protecting Belt and Road […]Continue Reading
Lists Phillip Securities, Nomura Holdings, Integra Partners as shareholders
Goal is to connect promising new opportunities with capital, investing in alternatives Singapore based Alta Group (formally Fundnel), recently announced its acquisition of Hg Exchange (HGX), a private digital securities exchange.
The acquisition allows Alta to support the tokenisation and digital custody of alternative…Continue Reading