Topic: Hong Kong
Japan lost its position as the world’s second-biggest economy to China awhile ago. But it’s beating out its Asian rival in one area at least: private equity. For restructuring experts such as KKR & Co. LP, whose founders recently declared Japan the company’s “highest priority” outside the US, the smaller country offers much more attractive opportunities. And the reasons are as much political as financial.
KUALA LUMPUR (April 19): The FBM KLCI ended a choppy trading week higher, inching up 0.14% or 2.34 points to 1,622.07, as investors reacted to speculation that the Government will revive the stalled B...
KUALA LUMPUR, April 19 ― Bursa Malaysia ended higher due to brisk buying activities, against a backdrop of mixed regional markets.
KUALA LUMPUR: The local bourse snapped its three-day slide on Friday, lifted by bargain hunting activities following the past few bearish session.
Nintendo Co shares jumped after China’s Tencent Holdings Ltd won approval to distribute one of the company’s games for its Switch console, a sign the Japanese company may benefit from growth in the world’s largest games market.
TOKYO, April 19 — Tokyo stocks closed higher today following healthy gains on Wall Street, with Nintendo jumping more than 14 per cent on reports its games and popular Switch console will soon be av...
SHANGHAI: A debt crisis at one of China’s most well-known private conglomerates entered a new stage Thursday, with the company saying cross-default clauses had been triggered on dollar bonds worth $800 million.
PETALING JAYA: The Malaysian Trades Union Congress (MTUC) says there is a lack of training at many companies following a survey showing that the hire of contract workers is on the rise, in part to fil...
Hong Kong: It takes a strong stomach to be bearish on Chinese distiller Kweichow Moutai Co.
State must move up the value chain to reclaim its lost stature of ‘Penang leads’.
KUALA LUMPUR (April 18): Vsolar Group Bhd today entered into a collaboration agreement with Hong Kong’s PB Control Limited (PB) to examine the viability of establishing a production facility in Mala...
KUALA LUMPUR, April 18 — Bursa Malaysia pared down earlier losses to close marginally lower today but remained weak amid continuous selling activities in the broader market.
KUALA LUMPUR (April 18): The FBM KLCI extended losses today after closing down 1.17 points or 0.07% at 1,619.73 as investors evaluated the depreciating ringgit's impact on Malaysian financial markets.
KUALA LUMPUR (April 18): The Chinese authorities are always ready to restart their search for fugitive businessman Low Taek Jho or Jho Low in China with any new information, said its envoy.
SHANGHAI: Shanghai stocks retreated from a 13-month closing high to end lower on Thursday, as investors locked in gains following a strong rally underpinned by signs of an economic rebound.
KUALA LUMPUR: The Chinese authorities are always ready to restart their search for fugitive businessman Low Taek Jho or Jho Low in China with any new information, according to its envoy.
HONG KONG: A Mercedes-Benz customer in China who turned her complaint about a dealer’s handling of an oil leak in her new CLS 300 into a viral social media video has reached an agreement with the sh...
KUALA LUMPUR (April 18): The Chinese authorities are always ready to restart their search for fugitive businessman Low Taek Jho or Jho Low (pictured) in China with any new information, said its envoy...
Amazon.com Inc said it will shut its China online store by July 18, as the US e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world's most populous nation.
IHH Healthcare Bhd managing director and CEO Dr Tan See Leng is not an easy man to reach.
KUALA LUMPUR, April 18 — The Chinese authorities are always ready to restart their search for fugitive businessman Low Taek Jho or Jho Low in China with any new information, said its envoy.
Malaysia's ranking on the World Press Freedom Index 2019 jumped 22 places to 123 out of 180 countries, according to Reporters Without Borders (RSF). The Paris-based watchdog attributed the significant...
Japan lost its position as the world’s second-biggest economy to China awhile ago. But it’s beating out its Asian rival in one area at least: private equity.
KUALA LUMPUR: The FBM KLCI extended its slump on Thursday as investors continued to take points off banks and telcos.
The latest Nintendo Switch system update, version 8.0.0, is out, bringing with it the ability to transfer individual save data between Switch consoles.
FRANKFURT: Volkswagen AG, Nissan Motor Co. and Guangzhou Automobile Group Co are among the carmakers increasingly counting on Chinese government tax cuts to stimulate demand and help the world’s biggest auto market rebound from its worst slump in a generation. The unanswered question is when that will happen.
SINGAPORE: Oversea-Chinese Banking Corp (OCBC) is looking for a Chinese firm to team up with on a securities joint venture on the mainland, the latest foreign bank seeking to capitalise on the nation’s financial-industry loosening.
KUALA LUMPUR • It was a one-two punch that has turned the Malaysian ringgit into Asia's worst performer this month.
The Malaysian fintech scene has grown considerably since its early days.
An undercover operative targeted several cybersecurity experts in an apparent effort to gather intelligence about critics of Kaspersky Lab, the Russian antivirus firm.
Meitu Inc, the Chinese firm best known for its selfie image-enhancing app, said on April 17 it is venturing into the offline skincare market as it attempts to offset the impact of dwindling app users and a money-losing smartphone business.
HONG KONG, April 17 — Mainland Chinese shares ended higher today after data showed the world’s number two economy grew much more than expected in the first three months of the year.
A Hong Kong artist has created an artificial intelligence (AI) robot which creates its own paintings.
PETALING JAYA: More employers are turning to temporary and contract workers to fill the gaps in skill set among permanent workers, according to the 2019 edition of the Hays Asia Salary Guide.
KUALA LUMPUR: The FBM KLCI experienced a sharp decline on Wednesday on fears that Malaysian bonds would be dropped from the FTSE World Government Bond Index.
KUALA LUMPUR (April 17): It was a one-two punch that’s turned the Malaysian ringgit into Asia’s worst performer this month.
DUBAI (BLOOMBERG) - It was a one-two punch that's turned the Malaysian ringgit into Asia's worst performer this month.
(April 17): Stocks in Asia looked set to open mixed after their U.S. counterparts struggled for traction and investors awaited a slew of data on China’s economy.
BEIJING: New home prices in China grew slightly faster in March after growth slowed the previous month, putting a floor under the cooling market, as Beijing rolled out stimulus to boost the economy.
SINGAPORE: Hopes of luring back global investors to a battered stock market are dimming by the day for Malaysia. The benchmark FBM KLCI is down 14% from a record in May 2018 and it’s the worst major market in the world so far this year, having slipped 3.4%. That’s even amid a rally in global equities spurred by the Federal Reserve’s dovish pivot and a potential trade deal between the United States and China. The gloomy outlook for Malaysian stocks isn’t likely to end anytime soon, says Samsung Asset Management Co.
SINGAPORE: UBS Group AG topped the list of the 20 largest wealth firms in Asia for the sixth consecutive year even as assets under management declined in the region, Asian Private Banker (APB) said.
KUALA LUMPUR: Trading volume and value of stocks traded on Bursa Malaysia fell to the lowest since March 28 on Tuesday due to a general lacklustre interest.
HONG KONG: DCP Capital, co-founded by former KKR & Co Greater China head David Liu, said it has raised about $2.5 billion in its debut U.S. dollar and yuan funds, giving the private equity firm adequate firepower to invest in Greater China.
HONG KONG, April 16 — Hong Kong stocks rallied more than one per cent today, recovering from early selling to join a regional advance, with eyes now on the release of Chinese economic growth data.
Which are the startups that are on the path to becoming the next big thing?
SINGAPORE: Hopes of luring back global investors to a battered stock market are dimming by the day for Malaysia’s government.
KUALA LUMPUR (April 16): Scomi Group Bhd says it is still exploring various proposed corporate exercises aimed at strengthening its balance sheet and financial position, which may include a proposed c...
SINGAPORE (April 16): Hopes of luring back global investors to a battered stock market are dimming by the day for Malaysia’s government.
KUALA LUMPUR: At the end of the morning session, the FBM KLCI had once again bucked the regional trend as it dipped slightly into the red even as key Asian markets rose into positive territory.
The strategic fintech investment team of Eight Roads, the investment arm of Fidelity International, has made its first investment in India by investing US$4.5 million in tech-based wealth management s...
Which are the startups that are on the path to becoming the next big thing?
HONG KONG: China’s insatiable demand for spicy hotpot is placing the founders of a restaurant chain atop one of the world’s fastest-growing fortunes, allowing them to outpace many of the wealthiest families globally.
KUALA LUMPUR (April 16): The FBM KLCI got off to a muted start this morning as regional markets stalled.
SINGAPORE (BLOOMBERG) - Hopes of luring back global investors to a battered stock market are dimming by the day for Malaysia's government.
(April 16): Asian stocks looked set for declines Tuesday after U.S. stocks halted a three-day advance on disappointing bank earnings.
KUALA LUMPUR (April 15): The Sessions Court here today set May 6 to hear an application on legal issues by the defence in the case of former Sabah Chief Minister Tan Sri Musa Aman (pictured) who is fa...
HONG KONG: The world's biggest brewer, Anheuser-Busch InBev, has added Citigroup and Bank of America Merrill Lynch to the team of banks working on the sale of its Asia-Pacific business, three people with direct knowledge of the matter told Reuters.
KUALA LUMPUR: The sessions court here today set May 6 to hear an application on legal issues by the defence in the case of former Sabah Chief Minister Tan Sri Musa Aman who is facing 16 counts of mone...
KUALA LUMPUR: Blue chips closed marginally higher on Monday thanks to some nibbling on Petronas Chemicals, Maxis and Sime Darby but the broader market was weaker in the absence of strong fund and retail buying interest.
KUALA LUMPUR (April 15): The Sessions Court here today set May 6 to hear an application on legal issues by the defence in the case of former Sabah Chief Minister Tan Sri Musa Aman who is facing 16 cou...
HONG KONG, April 15 — Hong Kong stocks ended today with losses as optimism over the corporate earnings season and China-US trade talks was overshadowed by a late sell-off.
KUALA LUMPUR, April 15 — The Sessions Court here today set May 6 to hear an application on legal issues by the defence in the case of former Sabah Chief Minister Tan Sri Musa Aman who is facing 16 ...
PUTRAJAYA (April 15): The resumption of the East Coast Rail Link (ECRL) project following the signing of a supplementary agreement with China is no trade-off for fugitive Malaysian businessman Low T...
Which are the startups that are on the path to becoming the next big thing?
PUTRAJAYA: The resumption of the East Coast Rail Link (ECRL) project following the signing of a supplementary agreement with China is no trade-off for fugitive Malaysian businessman Low Taek Jho or Jh...
KUALA LUMPUR, April 15 — Bursa Malaysia ended the morning session mixed, as mild profit taking emerged in selected heavyweights, despite positive sentiments on the local and global economic market a...
KUALA LUMPUR: The local market was bullish in morning trade as investors' risk appetite returned to emerging markets on optimism that the US-China negotiations were yielding results.
PUTRAJAYA, April 15 — The revised agreement with China for the East Coast Rail Link (ECRL) was not related to Malaysia’s hunt for fugitive financier Low Taek Jho, Prime Minister Tun Dr Mahathir Mo...
HONG KONG: Billionaire Jack Ma again encouraged tech workers to embrace the industry’s extreme-overtime culture, defying a growing social media backlash.
(April 15): Asian stocks look set for a positive start to the week after earnings and Chinese economic data eased concerns about a slowdown in global growth Friday, lifting U.S. shares and Treasury yi...
GEORGETOWN: RGB International Bhd is pressing ahead with the expansion of its gaming machine concession business overseas, albeit at a reduced budget this year after a capital-raising plan was put on hold due to tough market conditions.
LETTER | There are two ways to look at the new departure levy.
APRIL 13 — There are two ways to look at the new departure levy.
BLACK Monday, the Black Friday mini crash in 1989, the 1997 Asian financial crisis and the 2008 subprime crisis. Asia’s deal-making Ong brothers have come a long way to becoming household names in private equity.
There are many reasons for Malaysians not buying affordable homes.
AIDA Technologies, a startup that uses machine learning to generate insights that help financial services companies make decisions, announced today that it has raised a series A round from Mastercard,...
KUALA LUMPUR (April 12): The FBM KLCI finished 5.94 points or 0.37% higher today, led by gains in Malaysia Airports Holdings Bhd (MAHB) and Tenaga Nasional Bhd (TNB) shares and as world markets cheere...
PETALING JAYA: Is Malaysia negotiating with China or Taiwan on the East Coast Rail Link (ECRL) asks MCA president Datuk Seri Dr Wee Ka Siong.
Fugitive businessman Low Taek Jho, the alleged mastermind of 1Malaysia Development Bhd (1MDB), is believed to be residing in China, reports Sin Chew Daily.Quoting sources, the Chinese daily said Low,...
GEORGE TOWN, April 12 — Houses in Kuala Lumpur are among the cheapest compared to 34 other cities worldwide, according to the latest Global Living report released this week — even though many Mala...
“Not all businesses are suitable for co-working spaces.” “It will appeal only to millennials.” “I need a proper office to meet customers.” The last reason is more proper but is also very s...
HONG KONG, April 12 — Asian markets were mixed today as a volatile week drew to a close with investors preparing for the start of the corporate earnings season.
HONG KONG: Asia’s equity rally has been largely bulletproof this year with the regional benchmark up about 10 percent in less than four months.
KUALA LUMPUR: The FBM KLCI rose in morning trade as Tenaga Nasional rebounded from yesterday's rout, leading the index higher.
TOKYO, April 12 — Japan today attacked an “extremely regrettable” ruling by the World Trade Organisation that upheld a ban by South Korea on some seafood from Fukushima imposed after the 2011 nu...
KUALA LUMPUR: Fugitive businessman Low Taek Jho, the alleged mastermind of 1Malaysia Development Bhd (1MDB), is believed to be residing in China, reports Sin Chew Daily.
KUALA LUMPUR/HONG KONG (April 12): QSR Brands (M) Holdings Bhd., which runs KFC and Pizza Hut outlets in Southeast Asia, aims to revive an initial public offering as soon as the fourth quarter, people...
HONG KONG: QSR Brands (M) Holdings Bhd., which runs KFC and Pizza Hut outlets in Southeast Asia, aims to revive an initial public offering as soon as the fourth quarter, people with knowledge of the matter said.
HONG KONG (BLOOMBERG) - QSR Brands (M) Holdings Bhd, which runs KFC and Pizza Hut outlets in South-east Asia, aims to revive an initial public offering as soon as the fourth quarter, people with knowl...
KUALA LUMPUR, April 12 — Fugitive businessman Low Taek Jho or Jho Low is believed to be residing in China as he had allegedly moved unfettered within the country recently, a report citing sources ha...
HONG KONG: Technology stocks have been at the forefront of the rally in Asian stocks this year, yet there’s more driving the sector than just Tencent Holdings Ltd.
HONG KONG: China Vanke Co, the country’s largest developer by market capitalisation, is considering a Hong Kong listing of its property management business, according to people with knowledge of the matter.
VISITORS to the upcoming Songkran festival in Bangkok, Thailand, have been warned against propagating any indecent content, China Press reported.
(April 12): Asian stocks were poised for modest gains Friday after data showed the U.S. economy remains on solid footing.
SINGAPORE, April 11 — Singapore was again the second-most expensive city in the world to buy a house last year.
KUALA LUMPUR (April 11): The FBM KLCI closed down 15.23 points or 0.93% at 1,624.23 on foreign selling as US-Europe trade tension and slower global economic growth concerns hit Asian stock markets.
HONG KONG, The pound held its gains today after Britain and its EU partners agreed to once again extend the deadline for Brexit, days before the cut-off for avoiding an economically calamitous no-deal...
Billionaire Jack Ma’s Ant Financial has done more than perhaps any company to disrupt China’s gargantuan banking and asset-management industries. Now it’s trying to re-imagine health insurance.
BEIJING: China’s consumer prices surged on the back of temporary food supply factors, while factory inflation provided further evidence of a nascent economic recovery.
KUALA LUMPUR: Tenaga Nasional pulled the FBM KLCI lower after falling 44 sen to a two-year low of RM12.14.