HONG KONG – Invest Hong Kong (InvestHK) has announced that the city will play host to the first Hong Kong Fintech Week in early November, part of a new drive to position the city as the premier centre in Asia for Fintech companies and start-ups looking to grow their business as well as for accelerators, incubators and investors searching for Fintech innovation. At a launch event attended by more than 400 guests including the Secretary for Financial Services and the Treasury, Professor K C Chan, as guest of honour, InvestHK announced the programme for Hong Kong Fintech Week. Supported by…
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Business News Asia
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HONG KONG – “Think Asia, Think Hong Kong”, the largest Hong Kong trade promotion ever staged in Germany is set to take place from 27 to 29 September in various Germany cities to showcase the city’s business services advantages for German companies seeking opportunities in Asia, particularly on the Chinese mainland. Organised by the Hong Kong Trade Development Council (HKTDC), “Think Asia, Think Hong Kong” will include a series of events in Dusseldorf, Frankfurt, Hamburg and Munich, and is expected to attract some 1,700 people with thematic seminars, on-site consultations and business matching sessions. Carrie Lam, Chief Secretary for Administration…
SINGAPORE – Spikes Asia, a festival of creativity that celebrates and inspires Asia-Pacific creativity in advertising, opens at Suntec City, Singapore Wednesday with a record number of entries, 1,850 delegates and the most diverse speaker line up yet. Shortlists have been announced for Design, Direct, Entertainment, Film, Healthcare, Innovation, Media, Outdoor, PR, Print & Outdoor Craft, Print & Publishing, Promo & Activation and Radio with the remaining shortlists to follow on Thursday and Friday. Whilst the judges deliberate over the winners a wide range of speakers will take to three stages and delegates have a unique opportunity to participate in…
HONG KONG – Global investment manager BMO Global Asset Management was recognized as the “Best ETF Provider for Hong Kong” at The Asset Triple A ETF Awards 2016 award ceremony in Hong Kong Tuesday. This is the second year that BMO has been honoured with this industry award; in 2015, it received the “Best ETF Provider for Hong Kong – Rising Star” and the “Most Innovative ETF Product, Hong Kong” for its BMO Hong Kong Banks ETF. “This award recognizes our continuing efforts to bring client-focused solutions to investors in the region”, said Ravi Sriskandarajah, Managing Director and Head of…
HONG KONG – The mega promotion “In Style Hong Kong” is making its debut in the Thai capital Bangkok, starting this month. Organised by the Hong Kong Trade Development Council (HKTDC), the campaign will engage business leaders and entrepreneurs, as well as consumers in Thailand to showcase Hong Kong’s vibrant lifestyle and creativity and explain how the city’s world-class services can help Thai companies expand overseas, especially to the Chinese mainland. “Thailand is the second-largest economy in Southeast Asia. As the country’s capital, Bangkok is a commercial hub in Asia with a thriving retail market,” said Dannie Chiu, Regional Director,…
Yojee Limited (ASX: YOJ), a pioneering platform technology company delivering powerful logistics and supply-chain management capabilities via its proprietary blockchain enabled software to South East Asia and Australia, has announced the launch of its pilot program with companies in Australia and Singapore. “We are really excited to be moving quickly from concept design and experimentation to implementation with these important in-market pilot programs,” said Ed Clarke, Managing Director of Yojee. Yojee has selected two unique partners to road test the software in real operating environments across a large geography and extremely time sensitive situations. Read Also: Cloud Expo Asia Returns to…
China Huarong Overseas Investment Holdings Co, Limited (China Huarong Overseas) announced that it has invested in Sino Energy International Holdings Group Limited (Sino Energy; HKSE:1096) and is set to become its controlling shareholder. The investment and controlling stake allows China Huarong Overseas to help Sino Energy actively pursue energy-related business. China Huarong Overseas had for a number of times during the year acquired shares of Sino Energy. On 23 June, China Huarong Overseas subscribed in the aggregate principal amount of HK$92,000,000 at the conversion price of HK$0.4378, two-year convertible bonds of Sino Energy, which carry an interest rate of 7.5%…
The Festival of Media Asia Pacific Awards is to feature nine new categories for 2017 to reflect the industry trends that are increasingly included in media campaigns. The Festival of Media Asia Pacific Awards are the only awards dedicated to the evolution of media, attracting entries from all over the region including Australia, India, China and Malaysia. As the market evolves faster than ever, the Festival of Media Asia Pacific Awards have been enhanced with new categories for 2017 that span digital trends as well as types of activation which are popular in Asia. They include: ‘Best Use of Gamification’…
HONG KONG – The development of Hong Kong’s jewelry industry has been facilitated by the expansion of the local market, including sales to tourists. In terms of value, 86.5% of Hong Kong’s total exports of jewelry are made of precious material. Thailand, as being as the jewelry hub among ASEAN countries, is currently ranking on 8th for Hong Kong’s total import of jewelry & pearls, accounting 2.6% of the total market share. It is also the only ASEAN country included as the top 10 countries of Importation by Hong Kong. Read Also: Bangkok Gems and Jewelry Fair Draws 2,200 Participants…
Chinese investment holding firm China Goldjoy Group Ltd (China Goldjoy) has announced that it has agreed to pay Rmb315 million (USD42 million) to acquire properties in Hefei City, China. The properties are located at Hefei City, Anhui Province, and a portion of Phase 2 of the Baonengcheng project. Binghu district, which Baonengcheng is located, is one of the most popular districts in the Hefei City’s property market. The Baonengcheng project is adjacent to the heart of provincial capital and the offices of the back-office operations of the international financial services providers with favorable geographical location. Read Also: China’s Huixin Credit…
HONG KONG – Huixin Credit (Quanzhou Huixin Micro-Credit) has announced the proposed listing of its shares on the Main Board of the Hong Kong Stock Exchange as part of efforts to further enlarge its capital base and diversify funding sources. Huixin Credit plans to offer an aggregate of 180,000,000 H shares (subject to the Over-allotment Option), of which 162,000,000 H shares (90%) are international public offer shares (subject to adjustment and the Over-allotment Option) and 18,000,000 H shares (10%) are Hong Kong public offer shares (subject to adjustment), at an offer price range between HK$1.55 per share and HK$1.75 per…
PHILIPPINES – The Philippine Stock Exchange index (PSEi) closed lower Friday, losing 154.66 points to end the week at 7,553.76. Thirty stocks, however, closed the week higher, with four of them gaining by double digits. Philippine Trust Company (PSE:PTC), one of the oldest private universal banks in the Philippines, was the top price gainer, with 23.36% for the period 12-16 September. There was no major company announcement that can be attributed to the double-digit gains of PTC’s stock. Read Also: PSEi Exceeds 8,000-Point Level DFNN Inc (PSE:DFNN) was the second top gainer with a 21.82% gain for the entire week,…
HONG KONG – The Hong Kong Trade Development Council (HKTDC)’s Export Index is holding steady in the third quarter of this year despite the current uncertain global economic environment, the HKTDC announced. Hong Kong’s exports are holding steady based on the latest HKTDC Export Index, which is edging up slightly to 38.8 from 37.2 in the previous quarter. The index measures exporter confidence, with a reading below 50 indicating pessimistic sentiment. The HKTDC Export Index result follows last week’s G20 meeting in Hangzhou, China, where the leaders of major economies were unable to find concrete solutions to persistent sluggish global…
EventsNewsAsia.com, Asia’s premier news site that features the latest and upcoming events around the region, was recently launched by BusinessNewsAsia.com, the leading business news website in Asia. The Asia events site (www.eventsnewsasia.com) covers Asia’s top events, exhibitions, trade shows, conventions, brand launches, and more, with news written by veteran journalists who have been covering events for decades. “We’ve launched EventsNewsAsia.com as we noticed that a number of the readers of BusinessNewsAsia.com have shown interest in news related to events, expos, conventions, and trade shows,” said Mars Woo, Business News Asia publisher. Aside from covering Asia’s events, EventsNewsAsia.com also features the…
Malaysia’s CIMB Group Holdings, the country’s second-largest lender, has received a banking license from Vietnamese regulators, allowing it to operate a 100-percent-owned banking business for 99 years. In a disclosure to Bursa Malaysia, CIMB Group said its subsidiary CIMB Bank is now allowed to establish and operate a subsidiary in Vietnam after receiving the operating license from Vietnam’s central bank, the State Bank of Vietnam. The group said it will now embark on its plans to set up operations in Vietnam to offer a comprehensive range of corporate, commercial and consumer products services. CIMB Group expects its first branch in…
Cloud Expo Asia, the region’s largest and best attended cloud event for business, is returning to Singapore with 300 international suppliers and about 300 global speakers on 12-13 October. To be held at the Marina Bay Sands Expo and Convention Centre, the fourth edition of Cloud Expo Asia is expected to gather over 13,000 information technology professionals from across the cloud and data centre ecosystems. Co-located with Data Centre World and Cloud Security Expo in its new location, the world-class technology gathering will premiere the launch of Cloud Security Expo and introduce the Smart IoT feature area. “Visitors can expect…
Indian insurers and repositories in India are trying to beat the 1 October deadline imposed for issuing electronic policies to customers who pay at least Rs10,000 (US$150) in premium annually. Specifically for life and motor retail, policyholders would get their policies in an electronic format, according to an issuance from the Insurance Regulatory and Development Authority of India (Irdai). Electronic policies are a documentary evidence of the contract, issued and digitally signed by the insurer. Some of India’s general and health insurers who have not yet tied up with insurance repositories are now signing agreements to issue e-policies, according to S…
Chubb, the world’s largest publicly traded property and casualty insurance company, announced the launch of its marine service capabilities in China, which include a broad range of specialized and customized insurance solutions to meet the needs of importers, exporters and transport operators. The new marine service capabilities were introduced to the local insurance community, including marine brokers and industry practitioners, at seminars in Shanghai and Beijing hosted by several members of Chubb management in China. Chubb’s extensive marine service capabilities include: Project cargo and consequential loss insurance for engineering project freight movements of oversize, fragile or difficult to handle equipment;…
THAILAND – At least 8,000 maritime and offshore professionals around the world are expected to gather in Bangkok for this year’s Thailand Marine & Offshore Expo (TMOX) 2016. The industry professionals will look into the pressing concerns of Thailand’s booming oil & gas, shipbuilding, offshore, and maritime industries – from the changing market trends to the latest industry technology. TMOX 2016 will be held from 6 to 8 September at the Bangkok International Trade & Exhibition Centre (BITEC) in Bangkok, Thailand, incorporating with Oil & Gas Thailand 2016. Read Also: Bangkok Gems and Jewelry Fair To Push Through in September…
DAVAO CITY, Philippines – Presidential Spokesman Ernesto Abella said the explosion that rocked Davao City Friday night has killed at least 10 persons and injured 60 others. The cause of the explosion remains uncertain, Abella said. The explosion occurred at the Roxas Night Market in Davao City, the hometown of Philippine President Rodrigo Duterte, just outside the Ateneo de Davao University before 11 p.m. tonight. The cause of the explosion remains unknown as of this posting but two persons were seen injured and taken by stretchers towards a waiting ambulance. Live video on Facebook also showed plastic chairs with blood…