Author: Aiko Akihiro

VIETNAM – UOB Asset Management Ltd (UOBAM) announced that it has completed its acquisition of VAM Vietnam Fund Management Joint Stock Company (VAM VN), which will be renamed UOB Asset Management (Vietnam) Fund Management Joint Stock Company. Founded in 2009, VAM VN has been providing investment management advisory and services to institutional and individual investors through solutions such as corporate structured funds and segregated accounts. With the latest addition of Vietnam to its regional network, UOBAM now has presence in nine markets across Asia, namely Brunei, mainland China, Indonesia, Japan, Malaysia, Singapore, Taiwan, Thailand, and Vietnam. Vietnam’s strong economic growth,…

Frost & Sullivan has identified Teleperformance as the growth and innovation top-performing leader in the Frost Radar™: Asia-Pacific Customer Experience Outsourcing Services Market, 2020. Demand for outsourced customer experience (CX) services is growing steadily in today’s consumer-centric marketplace as customers demand more personalized, relevant, proactive, and engaging experiences. The Asia-Pacific CX outsourcing services market, expected to generate $42.4 billion in revenue by 2025, is fragmented and remains competitive, despite the impact of COVID-19. The region continues to be the preferred outsourcing destination for global organizations. As organizations gradually shift their priorities from a task-based approach to achieving high-level outcomes,  outsourcing is transforming…

The Boston Athletic Association (B.A.A.) has announced that $32.1 million was raised for 242 non-profit organizations surrounding the 2020 Boston Marathon and Boston Marathon Virtual Experience. With this year’s funds raised, the B.A.A. Official Charity Program and John Hancock’s Non-Profit Program have combined to surpass the $400 million milestone raised since the charity program’s inception at the 1989 Boston Marathon. Total funds raised include donations raised through the B.A.A.’s Official Charity Program, the John Hancock Non-Profit Program, and from other qualified and invitational runners. “In a year when runners and supporters have faced countless challenges, all have remained determined to…

Lark Health today announced it has closed a $55 million Series C funding round led by King River Capital, as well as a $15 million venture debt credit facility with Trinity Capital and Bridge Bank. The round also includes new investors Franklin Templeton, SteelSky Ventures, and Olive Tree Capital; and existing Lark investors Lightspeed Ventures, Asset Management Ventures, Dr. Jonathan Fielding of UCLA Fielding School of Public Health, and Weili Dai, cofounder of Marvell. Lark has raised a total of over $100 million in equity and debt funding to date. Having managed nearly two million patients on its platform, Lark…

China Banking Corporation (China Bank, PSE stock symbol: CHIB) closed on October 5, 2020 its fixed rate bond offering, ahead of the original October 14 schedule, due to what it describes as overwhelming demand. The two-year bonds which carry a fixed rate of 2.75% per annum were offered to the public starting September 28, 2020 in denominations of P100,000 and increments of P50,000 thereafter. Within a few days, the orders already exceeded the issue size of P15 billion. “We are grateful for the strong investor support for our second peso bond issuance,” said China Bank President William C. Whang. “The…

Dongfeng Yueda Kia Motors Co. (DYK) is welcoming the start of a new era for the brand with the Chinese-market debut of the new Kia K5 and Kia Carnival at Auto China 2020 in Beijing. Kia’s presence at the show highlights the wealth of research and development that has gone into the brand’s products, which aim to attract a young, trend-setting audience. This is matched by a highly experiential Auto China exhibition, allowing visitors to interact and engage with Kia’s latest vehicles and technologies. “At Auto China 2020 we are revealing more about our mid- to long-term strategic vision, and…