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Greater Bay Area: 10 facts to put it in perspective

Urbanisation and the creation of wealth have been signatures of mainland China’s journey of economic reform and liberalisation. Today’s China is home to the world’s greatest number of city dwellers. To foster new business opportunities, China has a grand strategy of developing multiple city clusters to create sizeable areas of economic strength.One of the most notable of the mainland’s urbanisation initiatives is the Guangdong-Hong Kong-Macau Greater Bay Area in southern China, which covers the… Source link

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Softbank-backed firm wants to put 100,000 cloud-based robots in the market by 2021, to seek US$300 million in private funding

Cloudminds Technology, the Santa Clara, California-based developer of a cloud-based platform capable of operating intelligent consumer services robots, is aiming to put 100,000 units of high-end robotics, such as humanoid robots, in the market by the end of 2021.To realise this goal, Cloudminds and its business partners will need “billions of US dollars”, according to its chief financial officer, Richard Tang. The company is looking to raise at least US$300 million in Series B funding through a… Source link

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Opinion | Slowdowns in advanced economies have pushed investors to put money back into emerging markets – and ignore warnings

While both central banks are hoping that the recent downshift in growth – which stems in part from the fallout from the trade war – will prove temporary, the dovish policy shifts in Europe and America prolong the “lower for longer” interest rate regime that appeared to be coming to an end as the pace of US monetary tightening quickened in 2017 and 2018. Some investors, notably Pimco, an asset manager, fear the euro zone faces the same low-growth, low-inflation environment Japan has endured following the bursting of its asset…

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The conservatism of Asia’s mutual funds put them in the wrong place to catch 2019’s stock market rally, Goldman Sachs says

While Asian equities have risen to start 2019, the region’s funds may not be doing as well.Asian mutual funds have lagged behind their benchmarks due to conservative positioning, as well as concentrations in sectors and geographies that haven’t done as well to start this year, Goldman Sachs’s analysts led by Sunil Koul wrote in a February 18 note with a quarterly update of regional fund flows and positioning.“The defensively positioned Asian funds (given their large overweights in South Asian… Source link

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Hong Kong’s glut of unsold flats could put more pressure on prices

Hong Kong home builders could face greater pressure to slash ­prices as the number of completed but unsold new flats they held increased at the end of last year. Analysts said some home builders would offload stock by cutting prices by 5 per cent to 10 per cent from the current levels on completed unsold units, stepping up efforts to lower inventory as the government’s proposed vacancy tax looms. The city’s developers held 3,295 unsold homes which were completed in 2017 and 2018 as of December, about 10 per cent…

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Singapore 

Chinese New Year hongbao: How much should you put in those red packets in 2019?, Singapore News

Ang Bao or red packets are traditional gifts given among friends and family every Chinese New Year. Chinese tradition favours cash incentives as gifts rather than other material presents. These monetary gifts are packed into red envelopes, with red being the colour of good luck and prosperity. Ang Baos are usually given at family gatherings, and children are particularly excited about receiving them. There are certain do’s and don’ts related to the giving and receiving of Ang Bao so let’s take a look at the common practices. For starters, the…

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Bacteria for piglets and Chinese infants spur Li Ka-shing’s gut instinct to put his money behind this US biomedical firm

A company backed by Hong Kong tycoon Li Ka-shing has reintroduced a missing beneficial gut bacteria to more than 10,000 American babies. Now it is eyeing China’s babies – and piglets. Evolve BioSystems, a California probiotics products developer, is in talks with Zhejiang University to conduct clinical trials on more than 4,000 pigs this year in the province to improve stock survival rates and cure gut diseases in piglets, said chief executive Timothy Brown. China’s quest for the cutting edge in surgical robotics It is also seeking to reintroduce the…

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Singapore 

Singapore-Malaysia tensions put Lion City’s lawyers to the test, Singapore News

Singapore’s government lawyers played a crucial role in negotiations and providing advice to officials as the Lion City’s ties with Malaysia were “put to the test” in 2018, the country’s attorney general said on Monday, a day ahead of talks between the two neighbours over their recently frayed ties. Lucien Wong, the government’s top lawyer, did not mention the Tuesday meeting between Singapore Foreign Minister Vivian Balakrishnan and his Malaysian counterpart Saifuddin Abdullah, but his speech to the legal community outlined the extent to which many of the differences between…

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Vanished oil tycoon Ye Jianming’s office floors in Hong Kong put on sale again within a month of failed auction

A distressed asset formerly owned by the fallen oligarch Ye Jianming’s China Energy Finance Corp (CEFC) is on the market again after its first auction flopped in November. The three floors of office space at Convention Plaza in Wan Chai, for which CEFC paid a record HK$1.38 billion (US$180 million) in 2016, will be closed for tender on January 30 at noon, according to JLL, which was appointed as sole agent for the public tender by the receivers of the property. “It is to be sold on an ‘as-is’ basis,…

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Singapore 

90 firefighters put out blaze at Sungei Kadut furniture warehouse after 4 hours; no one injured, Singapore News

SINGAPORE – A fire broke out at a single-storey furniture warehouse in Sungei Kadut early on Monday (Dec 17). The Singapore Civil Defence Force (SCDF) said that it was alerted to the fire at about 3am. Upon arriving at 31 Sungei Kadut Street 2, it found the warehouse fully engulfed in flames. “SCDF resources were quickly deployed around the premises – measuring approximately 100m by 80m – to contain the fire and prevent its spread to surrounding buildings,” the SCDF said in a Facebook post. “Led by the 4th SCDF…

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