Asia

KKR raising first Asia real estate fund, targeting US$1.5 billion
HONG KONG (Mar 21): Global investment powerhouse KKR & Co Inc is raising its first Asia-focused real estate fund, targeting US$1.5 billion ($2 billion) as it looks to deepen its real estate portfolio in the region, said people with knowledge of the matter. The New York-headquartered private equity firm is moving toward first-close of the fund late in the second quarter, the people said, ...
Singapore's workforce faced with conservative salary increments; less likely to enjoy bonuses in 2019: Hays
SINGAPORE (Mar 5): Companies in Singapore are predicting conservative salary increases in the year ahead after a stagnant 2018, finds a recent research report by recruitment specialist Hays. Based on the findings of the Hays Asia Salary Guide 2019, 17% or almost one in five employees surveyed said they experienced no increase in their salaries over 2018 – higher than the city state’s ...
Property markets from Hong Kong to Sydney join global downturn
HONG KONG/SHANGHAI (Jan 4): Asia is finally succumbing to the global property slowdown that’s jolted homeowners and investors from Vancouver to London, with markets in Singapore, Hong Kong and Australia showing fresh signs of softening. The economic ramifications could be serious. Lower house prices and higher mortgage rates will not only dent consumer confidence, but also disposable ...
Swiss private banks urged to find partners in ‘complex’ world
SINGAPORE (Oct 1): Switzerland’s diminishing band of mid-sized private banks should consider teaming up with other firms to expand in Asia and tap into the business of managing the wealth of the region’s millionaires, according to the chairman of the Swiss banking association. Since the global financial crisis and the end of banking secrecy, smaller Swiss wealth managers have faced ...
After amassing $30 tril, Asia's rich face succession pains
(Sept 26): Having a grandfather with four wives can make for some complex succession issues, as Cheong Wing Kiat found when running his family’s Singapore-based drug company a few years ago. The patriarch and his three co-founders had more than 20 heirs with competing agendas. Buying out about half helped, but involved tough negotiations and family fights. Now, the number of shareholders is ...
Emerging Asia hit by biggest foreign investor exodus since 2008
BANGKOK (June 18): A falling tide lowers all boats, it seems. Amid an exodus from emerging markets, investors are pulling out of even Asian economies with solid prospects for growth and debt financing. Overseas funds are pulling out of six major Asian emerging equity markets at a pace unseen since the global financial crisis of 2008 -- withdrawing US$19 billion from India, Indonesia, the ...
Singapore returns to world's top 20 most expensive list on a stronger Singdollar: ECA International
SINGAPORE (June 12): After its fall to 24th place last year,  Singapore has now returned to the global top 20 most expensive cities in the world rankings, based on the findings of ECA International’s latest Cost of Living survey. In a Tuesday release, ECA International notes that Singapore comes in at No. 20 this year after rising four places in the global rankings, which is however ...
Here's how much a business trip to Singapore will cost you per day
SINGAPORE (Apr 17): It has become increasingly expensive for companies to send their staff on business trips on Singapore, finds a recent survey conducted by research firm ECA International. Based on the latest Daily Rates research published by ECA International, the cost of a business trip to Singapore in 2017 averaged at a whopping US$479 ($627) per day – inclusive of four-star hotel ...
Delfi acquires rights to Van Houten brand in key Asia markets
SINGAPORE (Apr 13): Chocolate confectionery company Delfi is acquiring a perpetual and exclusive license to the Van Houten brand of chocolate and cocoa products from Hershey Singapore, which is part of The Hershey Company, and Barry Callebaut AG for US$13 million ($17 million). Delfi’s wholly owned subsidiary, PT Perusahaan Industri Ceres, has been the sub-licensee for the Van Houten brand ...
Will regtech take over the global fintech landscape in coming years?
SINGAPORE (Apr 12): Regulation technology (regtech) is set to grow in the coming years, says financial services firm EY in its recent white paper. The Future of FinTech and financial services – What’s the next big bet? sums up the findings and observations from the Investor Summit – “Deal Day” event, held in 2017 during the Singapore FinTech Festival week. There, EY held a ...