Global 

Trade war alone did not cause the slump in Asia’s export hubs, but Donald Trump ‘blocking’ recovery

For the first seven years she designed semiconductors, Cindy Tam was never able to explain exactly what she did for a living to her family.“The best they could understand was that it was something relating to computers,” said Tam, the engineering manager of Hong Kong-based chip designer, Canaan Semiconductor.That has changed over the past year, as the US-China trade war morphed into a battle over technology and US President Donald Trump banned Chinese telecoms giant, Huawei, from buying vital… Source link

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Thailand: Asia’s Premier Platform for Business Growth

[Sponsored Article] For business visitors from APAC region and beyond, there are compelling reasons to converge in Thailand. As the rising star of the booming MICE (Meetings, Incentives, Conventions and Exhibitions) sector, there is no better place to capture the attention of tens of thousands of trade buyers, and to make valuable connections. According to latest industry data, Thailand is currently the top conference destination in Southeast Asia (ICCA), and the top exhibition platform of… Source link

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Singapore woos banks in battle of Asia’s biggest currency hubs as it loses ground to Hong Kong

Singapore saw its lead over Hong Kong shrink to just a whisker in the battle to be Asia’s biggest foreign-exchange currency hub. To keep its advantage, the island state wants to attract more companies to set up electronic trading platforms.Average daily trading in Singapore jumped 22 per cent to a record US$633 billion in April from the same period in 2016, according to the latest survey by the Bank for International Settlements. That’s just ahead of Hong Kong’s US$632 billion, as the Chinese… Source link

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Money 

‘It all started from Hong Kong’: two of Southeast Asia’s richest men on early success and the belt and road plan’s future

Two of Southeast Asia’s most prominent members of the Chinese diaspora, businessmen Dhanin Chearavanont and Mochtar Riady, took the stage at the Hong Kong Trade and Development Council’s Belt and Road Summit on Wednesday to reminisce about being early investors on the mainland.The tycoons emphasised their belief in China’s economy and President Xi Jinping, and described how Hong Kong had played an essential role in their early successes – and could do so today for investments related to the… Source link

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How Hong Kong oyster sauce dynasty plans a 1,000- year reign: a case study for Asia’s ultra rich

Lee Kum Sheung invented oyster sauce by accident when he overcooked some bivalves 130 years ago, conjuring the sweet-and-salty condiment that would become a staple of Cantonese cuisine. His heirs aren’t leaving anything to chance as they work to succession-proof one of Asia’s wealthiest family dynasties.Now stretching into its fifth generation, Hong Kong’s Lee Kum Kee group has become an instructive case study for ultra-rich Asian families who’ve amassed unprecedented fortunes in recent years… Source link

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Singapore 

9 Singapore companies make it to Forbes Asia’s Best Over A Billion list, Business, Singapore News

SINGAPORE – Nine companies from Singapore have made it to Forbes Asia’s inaugural Best Over A Billion list, which spotlights 200 top-performing listed companies across Asia-Pacific with revenues of US$1 billion (S$1.39 billion) or more. They are the Republic’s Big Three banks – DBS Bank, OCBC Bank and United Overseas Bank – Wilmar International, CapitaLand, City Developments, Olam International, ASM Pacific Technology and Venture Corporation. The latest full-year revenues for the Singapore companies ranged from US$2.5 billion at ASM Pacific Technology to US$44.5 billion at Wilmar International, according to the list…

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Vietnam 

Four Vietnamese firms in Forbes Asia’s ‘Best Under A Billion’ list – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Among the four firms that made it to the list, Đất Xanh Group has the highest market value at US$285 million, followed by Phú Tài ($128 million), Bình Dương Minerals ($53 million) and Đồng Nai Port ($43 million). — Photo courtesy of Forbes HÀ NỘI — Four Vietnamese companies have been named among this year’s 200 top-performing public companies in Forbes Asia’s ‘Best Under A Billion’ list. Bình Dương Minerals and Construction Joint Stock Company, Đất Xanh Group, Đồng Nai Port Joint Stock Company and Phú Tài Joint Stock Company were all…

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Hong Kong stock exchange operator launches inline warrants, first new structured product in 13 years as part of plan to be Asia’s asset management hub

The operator of Hong Kong’s tock exchange will introduce inline warrants trading on Thursday, marking the first roll-out of a new structured product in 13 years, part of its three-year plan to diversify into a leading Asian asset management centre.Fifty inline warrants will start trading on Thursday (July 18) on the stock exchange, issued by six banks, BNP Paribas, Haitong, HSBC, JPMorgan, Societe Generale and Vontobel.They are derivative products linked to the Hang Seng Index and the share… Source link

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US tech provider Stripe eyes growth in Asia’s fragmented digital payments market

Asia’s fragmented digital payments market might seem a daunting challenge for online companies to expand globally, but US firm Stripe considers that a huge opportunity to grow its business in the region.“Asia is leading the way in payments, innovation – you’ve got this perfect storm of large and relatively developed markets, with enormous waves of new customers coming online and creative payment methods,” said William Gaybrick, chief financial officer at Stripe, a San Francisco-based payments… Source link

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Vietnam 

Source Asia’s Best In BANGKOK This AUGUST – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

BANGKOK, THAILAND – Media OutReach – 3 July 2019 – Made-in-Asia products have been highly sought after by buyers for their innovative design, fine quality and competitive pricing. Jointly organised by Hong Kong based Comasia Ltd. and Thailand’s NCC Exhibition Organiser Co., Ltd. (NEO), the first-ever ASIA LIFESTYLE EXPO will run 21 — 23 August, 2019 at the Bangkok International Trade & Exhibition Centre (BITEC) to offer an all-new sourcing platform for the newest lifestyle and consumer products from Asia.   ASEAN’s burgeoning middle-class population is projected to grow to 400 million in 2020,…

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