News
Singapore’s millionaire population to rise to 437,000 by 2025
Singapore’s millionaire population to rise to 437,000 by 2025
The global number of millionaires could go over 84 million in the next five years.
Emperor International suffers $767.4m loss
Its subsidiary, Emperor Entertainment Hotel, likewise recorded a loss in the year ending March 2021.
Singapore ranks 7th most expensive city
It dropped two places from 5th in 2020.
Hong Kong may ease entry for vaccinated persons
This does not apply to vaccinated persons from extremely or very high-risk places.
ThaiBev to review BeerCo’s IPO plan at “appropriate time”
The company again deferred the listing due to uncertain market conditions.
Xinyi Glass secures $1b green loan
The loan from Hang Seng Bank will fund its green projects.
HSBC aims to be Asia’s top wealth manager in five years: report
HSBC’s Trista Sun expects 500 million middle class Chinese by 2025.
People’s Bank of China to issue RMB5b Bills
It will be issued through HKMA’s Central Moneymarkets Unit.
Singapore’s nightlife to remain dead as dining in resumes
Pubs, bars and nightclubs may only resume F&B operations.
Cathay Pacific passenger traffic rises 30% in May
The airline carried some 24,000 passengers during the month.
CapitaLand acquires two new international properties for $210m
The properties are located in France and Vietnam.
Changi Airport suffers $945m loss in 2020
This reflects a 318% decrease from its $438m profit in 2021/20.
HKMA launches new Regtech guide series for banks
This forms part of the HKMA’s Regtech roadmap.
Hong Kong ranks 7th most competitive economy in 2021
This is two places down from its 2020 ranking
Alibaba ranks first in Top 100 APAC Retail Ranking 2021: study
The Asia Pacific region recorded a double digit-growth in e-commerce in 2020.
AIA Singapore extends COVID-19 benefits
Its IP coverage for vaccine complications now include those approved by WHO under EUL.
SG remains among top 10 most expensive locations in Asia
The Lion City ranks 13th most expensive location for expatriates in the world.