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Building a Climate-Resilient South Asia

Building a Climate-Resilient South Asia

A World Bank Spring Meetings panel discussed concrete climate actions and adaptation strategies to build a more climate-resilient South Asia. Last summer’s monsoon hit South Asia particularly hard and left nearly 1,400 people dead and displaced millions of others. In the last sixty years, such weather extremes have become more common in the subcontinent and, […]

Australia's IAG set to sell SE Asia businesses in regional retreat: sources

Australia's IAG set to sell SE Asia businesses in regional retreat: sources

HONG KONG/SINGAPORE (Reuters) – Insurance Australia Group (IAG.AX) is set to sell its four Southeast Asian businesses in deals that could be valued at about $500 million, under a review of its Asian operations, three people with knowledge of the matter said. FILE PHOTO: Pedestrians walk past the headquarters of Insurance Australia Group Ltd (IAG), […]

Asia's appetite for endangered species is relentless

Asia's appetite for endangered species is relentless

EVEN the Minahasan people, who pride themselves on eating bushmeat, call the collection of stalls at Tomohon, in the highlands of North Sulawesi, the “extreme market”. There is certainly something extreme about the serried carcasses, blackened by blow torches to burn off the fur, the faces charred in a rictus grin. The sheer range of […]

Banks and the Crypto Industry: Asia

Banks and the Crypto Industry: Asia

Bitcoin captured global curiosity when its’ value skyrocketed in 2017. Yet, financial institutions have been slow to add operational value to the crypto market.   The common denominator among places where governments and banks have restrained digital markets is the lack of transparency and control they have in exchanges. Many research initiatives launched by global fintech […]

Cambodia, Vietnam emerging as alternative investment options in Asia

Cambodia, Vietnam emerging as alternative investment options in Asia

The realty investment market in Asia is growing in more ways than one. While core markets such as Hong Kong, Singapore, Japan and China continue to hold strong, even in tough years for the realty segment, there are also new markets emerging, in countries such as Cambodia, Vietnam and the Philippines, catering to buyers across […]

Asia Gardens in Everton Road sold en bloc for S$343m to Sustained Land-led consortium

Asia Gardens in Everton Road sold en bloc for S$343m to Sustained Land-led consortium

SINGAPORE – Asia Gardens, in Everton Road near Spottiswoode Park, has been sold for S$343 million in a collective sale to a Sustained Land-led consortium that includes Ho Lee Group and other partners. The development in District 2 sold for higher than its asking price of S$338 million when the tender was launched in March. Owners at the […]

Mexico must explore trade opportunities in Asia: Ex-envoy

Mexico must explore trade opportunities in Asia: Ex-envoy

Mr Sergio Ley’s father was from southern China. In the very early 1900s, he left home as a young teenager and ended up in Macau, where he would do odd jobs in the daytime and, unknown to its owners, sleep on board a boat in the harbour at night. One morning, he woke up to […]

American Airlines warns pilots some Asia flights could be rerouted amid tensions with Russia: Memo

American Airlines warns pilots some Asia flights could be rerouted amid tensions with Russia: Memo

Three Asia-bound American Airlines flights that normally fly over Russia have been rerouted, as the airline assesses growing geopolitical tensions, a source familiar with the matter told CNBC on Saturday. In an internal memorandum sent to pilots on Saturday that was seen by CNBC, the airline warned that some flights into Asia could be rerouted, […]

South East Asia not ready for EU-style convergence

South East Asia not ready for EU-style convergence

“Our aircraft today has staff from 16 countries speaking 11 languages.” This announcement on the flight from Kuala Lumpur to Dubai echoed the pluralism I encountered giving lectures to a postgraduate workshop in the University of Malaya on how Europe has developed as a region compared to Asia.  Malaysians have general elections soon in which […]

Swiss Private Banking: Stiff Headwinds Facing Advisors in Asia

Swiss Private Banking: Stiff Headwinds Facing Advisors in Asia

The number of customer advisors working in the Asian growth region has risen markedly over the past year. The Swiss banking fraternity however is facing a challenging environment there, as finews.com shows. The ten largest banks operating in the Asian growth market last year increased the number of customer advisors by almost 10 percent compared […]

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