Marcos Jr looks to China for money, US for muscle

MANILA – Amid a rapid revival in Philippine-US relations, the Marcos Jr administration has sought to reassure China on the future of their bilateral relations. Shortly after Chinese paramount leader Xi Jinping secured an unprecedented third presidential term, the new Filipino president extended his congratulations “for the successful conduct of the Communist Party Conference.” Together […]Continue Reading

China private security companies making a BRI killing

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

Alta acquires Hg Exchange shortly after rebrand

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

53% bank respondents to Avanade survey will be ready for regulatory reporting in next six months

Poor data management is key obstacle to banks achieving their ESG goals 70% see ESG work having positive impact on market reputation, credibility A new report from Avanade, a leading Microsoft solutions provider, and Efma, a global non-profit organization created by leading banks and insurers, has found that many banks are not on…Continue Reading

Changi Airport’s passenger traffic reaches 58.1% of pre-COVID levels in 3rd quarter 2022

SINGAPORE: Singapore’s Changi Airport handled 10 million passengers in the third quarter of the year, reaching 58.1 per cent of its pre-COVID traffic, Changi Airport Group (CAG) said on Saturday (Oct 29). In a news release, the group added that passenger movements for its largest source market, Southeast Asia, exceeded 60 perContinue Reading