Bloomberg

Capital markets

Top Netflix hit 'Squid Game' sends Korean media stocks surging

Bucket Studio, which holds a stake in the agency representing lead actor Lee Jung-Jae, has surged 90% through Sept 27.

Private equity

Singapore’s GLP seeks US$2.5 bil for China logistics fund

GLP was taken private in 2017 after a seven-year listing on Singapore’s stock exchange.

SPACs

Malaysia to review SPACs rules to profit from blockbuster deals

Malaysia launched its first SPAC in 2011 with Hibiscus Petroleum's listing. Asian SPACs have raised US$4.33 billion this year.

Cryptocurrency

Bitcoin retreats to August low amid bout of global market angst

Bitcoin is up more than 40% in 2021.

SPACs

Hong Kong seen struggling to lure SPACs with strict rulebook

SPACs are empty shells when they go public, raising money with the intention of buying and merging with another company.
Greening energy to fight climate threat may cost US$92 tril - THE EDGE SINGAPORE

Environmental, Social and Governance

Greening energy to fight climate threat may cost US$92 tril

The final bill could be as much as US$173 trillion, about eight times the US GDP in 2019.

Cryptocurrency

Ethereum co-founder plans to quit crypto over personal safety concerns

“I will incorporate crypto when needed... but it’s really a small percentage of what the world needs."

Company in the news

PropertyGuru near US$1.8 bil merger with Peter Thiel SPAC

The company scrapped plans for an initial public offering on the Australian stock exchange back in 2019 over valuation concerns.

Covid-19

Singapore must be ready to act as Covid-19 cases spike: Ong

Singapore reported 163 new cases of infections in the community on July 19, the highest since Aug 10, 2020.
Chinese investors most keen on ESG, Singaporeans least aware: Fidelity - THE EDGE SINGAPORE

Environmental, Social and Governance

Chinese investors most keen on ESG, Singaporeans least aware: Fidelity

China’s air pollution has for years posed a tangible, visible symptom to otherwise abstract ESG warnings.
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