HONG KONG/SINGAPORE: Malaysia is likely to review a directive to foreign insurers to reduce ownership of their local units by nearly a third as finding domestic buyers for the equity stakes is proving hard, three people familiar with the matter said. The review may result in the Malaysian regulator putting the requirement in abeyance, the […]
Read MoreTHE MODERN WAY of life is a rapidly evolving social trend. The sharing economy – such as home sharing, ride sharing and office space sharing – has become integral to the way we live. No matter where in the world we visit, we witness more and more businesses of this nature. Whilst the whole world […]
Read MoreTHE services sector is set to become a stronger economic growth engine this year amid concerns that activity in manufacturing could taper, according to a new survey of private-sector economists. Even as stronger global growth continues to benefit the Singapore economy, trade protectionism remains a key concern among those polled in the survey conducted by […]
Read MoreHANOI (Reuters) – Vietnamese legislators approved a cybersecurity law yesterday that tightens control of the internet and global tech companies operating in the Communist-led country, raising fears of economic harm and a further crackdown on dissent. The cyber law, which takes effect on January 1, 2019, requires Facebook, Google and other global technology firms to […]
Read MoreSINGAPORE: CVC Capital Partners has invested in PT GarudaFood Putra Putri Jaya, Indonesia’s top snack-food maker, as the private equity firm deepens its exposure to fast-growing South-East Asia, people with knowledge of the matter said. CVC invested about US$150mil in GarudaFood ahead of a planned initial public offering, according to the people, who asked not […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is set to further ease the rules on foreign currency trading to make it easy for foreign investments to come in and out of the country. BSP Governor Nestor Espenilla Jr. said the regulator has circulated a draft exposure on the planned relaxation of the foreign […]
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Thailand
