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Paul Allen’s Vulcan Capital enters Singapore with US$100 million to invest in Southeast Asia start-ups

Vulcan Capital, the investment house of late Microsoft Corp. co-founder Paul Allen, has opened its first international office in Singapore. The multibillion-dollar fund intends to invest an initial $100 million across Southeast Asian start-ups.Vulcan Capital is an unusual addition to the city state’s investment scene. It is part of Vulcan Inc., which oversees the billionaire’s holdings and supports his causes in everything from elephant conservation to artificial intelligence research. Chief… Source link

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Vietnam 

Corporate bond an effective tool to raise capital – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Bond interest rate now stands at 13-14 per cent per year, therefore strongly attracts the capital of individual investors. — Photo baomoi.vn HÀ NỘI — Bond issuance is becoming a popular channel for firms to raise capital for its efficiency and convenience. In the first six months of 2019, listed companies on the Hồ Chí Minh Stock Exchange (HOSE) raised more than VNĐ19 trillion (US$812 million) via share issuance, up 17.2 per cent compared to 2018. But this only met part of the capital demand as both listed and…

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Vietnam 

Foreign capital outflow sends VN-Index down – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Vietcombank office. The bank’s stock was among 20 large-caps that fell and dragged the benchmark VN-Index down on Tuesday. — Photo vneconomy.vn HÀ NỘI — Vietnamese shares dipped on Tuesday as foreign capital was withdrawn on worries about geopolitical instability in the region. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange fell 0.87 per cent to close at 966.83 points. The VN-Index added 0.10 per cent on Monday. The HNX-Index on the Hà Nội Stock Exchange dropped 0.51 per cent to end at…

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Vietnam 

Provinces, experts call for allowing private capital in power grid construction – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

 Power transmission systems in some localities are overloaded after a number of renewable energy projects linked up. Experts have called on the Government to allow private investors to instal transmission systems. — Photo moitruong24h.vn HCM CITY — With power transmission lines and sub-stations getting overloaded in some provinces, authorities and experts have urged the Government to allow renewable energy investors to install transmission systems and transfer them to the Vietnam Electricity (EVN) for operation. Transmission lines, especially in Ninh Thuận and Bình Thuận provinces, have become overloaded after several renewable…

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Money 

One little-known Chinese bank in Liaoning province is making the cost of capital more expensive for hundreds of other lenders

Just two years ago, a little-known Chinese lender could raise capital from global investors at a yield of 5.5 per cent, only 1 percentage point more than the debt of the nation’s leading retail bank, Postal Savings Bank of China.But that all changed in June, when investors grew concerned about the outlook of the firm, Bank of Jinzhou. Yields on its so-called Additional Tier 1 notes blew out to over 21 per cent after its auditors resigned citing inconsistencies in its loans, before coming back… Source link

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Property 

Allianz and Gaw Capital buy iconic office, shopping complex in Singapore for US$1.2 billion amid ‘flurry’ of investment in city state

Hong Kong-based Gaw Capital and Allianz Real Estate have bought part of an iconic mixed-use development in Singapore for S$1.6 billion (US$1.17 billion), in the city state’s largest private sector office sale in almost two years.They acquired Duo Tower, a high-rise office building and Duo Galleria, the neighbouring shopping mall, from M+S Pte, a partnership between state-owned entities of Malaysia and Singapore.The eye-catching hexagonal plated towers form a distinctive part of Singapore’s… Source link

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What makes China’s latest wave of foreign capital withdrawal different? It’s structural

With the outbreak of the trade war with the United States and the imposing of US tariffs, China’s foreign trade and investment environment is facing great changes. Some foreign investors have chosen to withdraw to avoid tariffs and evade sanctions. At a July 11 news conference in Beijing, commerce ministry spokesman Gao Feng said he had noticed reports of affected business confidence at some foreign firms in the country but that the government will continue to safeguard the business… Source link

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Vietnam 

Việt Nam’s infrastructure sector has upbeat outlook in attracting foreign capital – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Sajal Kishore Việt Nam is in dire need of capital to develop the country’s infrastructure and the Government expects private investors, especially foreign ones, to take part as the State budget cannot afford the investment costs. Sajal Kishore, Head of Asia-Pacific Infrastructure and Project Finance at Fitch Ratings, talk with Việt Nam News reporter Thu Hà about the country’s outlook for luring foreign funding in the sector What do you think about the Vietnamese Government’s policies in infrastructure development? Việt Nam’s infrastructure spend share as a percentage of GDP is amongst…

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Los Angeles fund Fifth Wall says it will channel some capital from its new property fund into Asian start-ups

Los Angeles-based venture capital fund Fifth Wall channelled some capital from its first real estate fund into Lime, an electric scooter sharing service. Lime, based in San Francisco, is primarily focused in the US and Europe, but announced it will open its Asian headquarters in Singapore during the third quarter. Photo: AFP Source link

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Chinese investment in US homes contracts by the most in nearly 10 years as trade war, capital controls bite

Chinese buyers pulled away from the US residential market in the past year, as the trade war and tighter capital controls led to a 56 per cent decline in investment – the biggest contraction since at least 2010, according to the US National Association of Realtors.Still, their investment of US$13.4 billion in the 12 months to March 2019 was the largest – 11 per cent – among all foreign buyers for the seventh straight year. But China’s 56 per cent retreat was much sharper than the 36 per cent… Source…

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