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ESG Forum
'Breakthough’ loss and damage fund agreed to, but operational details scarce
25 Nov 2022
Citi Philippines has extended a US$20 million loan to ASA Philippines Foundation to provide financial assistance to low-income women for entrepreneurial ventures in the country. Nearly 70,000 women micro-entrepreneurs are expected to benefit from the programme.
25 Nov 2022
From Russia’s war on Ukraine to the Sino-American rivalry, the world order is increasingly contested, and when value chains are global, a single disruption can reverberate across the planet. But retreating from interconnectedness is both unworkable and unnecessary
25 Nov 2022
Southeast Asian parliaments have resolved to promote environmental, social and governance (ESG) approaches for both the public and private sectors while urging their governments to develop ESG performance indicators. Members of the Asean Inter-Parliamentary Assembly (AIPA) adopted an ESG resolution on Wednesday, the fourth day of a five-day meeting in Phnom Penh – the first face-to-face gathering of Asean lawmakers since 2019.
24 Nov 2022
By putting climate action at the heart of their efforts to rebuild consensus and reinvigorate multilateralism, Asian countries can prop open the world’s window of opportunity to prevent climate disaster. They would also catalyze their own ability to benefit from the massive economic opportunities created by the green transition
15 Nov 2022
A spotlight has been cast on the world’s wealthiest at the 27th United Nations Climate Change conference (COP27) in Sharm el-Sheikh, Egypt, where there have been renewed calls for their investments to be regulated. A wealth tax on the world’s super-rich could raise as much as US$1.4 trillion a year, an amount that could deployed towards supporting countries worst hit by the climate crisis, enabling them to adapt, address losses and damages, and transition to renewable energy.
11 Nov 2022
Pension, superannuation funds acting on climate solutions, stewardship, fossil fuels
10 Nov 2022
Governments huge tailwind driving impact investing conversation, together with banks
9 Nov 2022
Despite complicated market environment, ESG key feature of marketing and sales efforts
9 Nov 2022
The Asset Talk
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TechTalk
With a storyline full of celebrities, politicians, sex and drugs, the future looks bright for producers of feature films and documentaries about the astonishing collapse of FTX. But, to paraphrase Mark Twain, rumours of the death of crypto itself have been much exaggerated
29 Nov 2022
Thanks to FTX's collapse, the world may have woken up to the grim reality that the crypto “industry” is nothing but a get-rich-quick lie, wrapped in hype, bobbing on an ocean of libertarian technobabble. Will anyone do something about it?
28 Nov 2022
Immediately after taking over Twitter and pronouncing himself “chief twit”, Elon Musk affirmed his commitment to safeguarding the platform as the “public square” where anything and everything is debated. It was a smart tactic, because it successfully diverted the public’s attention from what Musk is really up to
27 Nov 2022
OTB Ventures, an Amsterdam-based venture capital firm investing in early-growth technology businesses, has launched OTB Fund II. The European Investment Fund (EIF) has committed €45 million to the new fund, which seeks to raise €150 million.
24 Nov 2022
Firm’s US and UK expertise key to providing services in line with city-state’s code of conduct
24 Nov 2022
Amid the current woes of the cryptocurrency market, Hong Kong regulators licensed another fintech firm to operate a virtual assets trading platform (VATP) in the territory. Hash Blockchain Limited, a member of HashKey Group, secured a licence from Hong Kong’s Securities and Futures Commission (SFC) to operate a VATP on November 9, just as the Bahamas-based crypto exchange FTX started to unravel and collapse days later, leaving investors with billions of dollars in losses.
23 Nov 2022
Munich Re has established a research and development centre in Shanghai to foster nnovative initiatives by facilitating networks with technology providers and industry leaders.
23 Nov 2022
Quantifeed, a Hong Kong-headquartered provider of digital wealth management solutions, has acquired Alpima, a portfolio construction, visualization and analytics fintech firm based in London.
22 Nov 2022
Support allows broader base of financial institutions to participate in network’s growth
22 Nov 2022
Semiconductors are certainly essential to a modern economy, and it makes sense to diversify sources. But it is doubtful that large subsidies and government management will keep US chip makers on top, much less that the new law should be used as a model for similar support to other industries
22 Nov 2022
Blockchain suffered a series of setbacks as the collapse of FTX and ASX’s move to suspend its post-trade project based on the technology bring out the blues
18 Nov 2022
Treasury & Capital Markets
The vast majority (81%) of Singaporeans now use mobile apps to access bank services alongside other channels. However, 77% say they “definitely” want a better online experience from their banking provider, a new survey finds.
29 Nov 2022
OCBC Bank (Malaysia) has appointed Tan Chor Sen as chief executive officer, with effect from January 1 2023. He is succeeding Ong Eng Bin who will be retiring but will stay on as an adviser.
28 Nov 2022
The growth in emerging East Asia local currency (LCY) bond market moderated in the third quarter of 2022, rising 2.3% to US$22 trillion from the previous three months. This was slower than the 3.1% increase recorded in the second quarter as the expansion in both the government and corporate bond segments slackened.
28 Nov 2022
Citi Philippines has extended a US$20 million loan to ASA Philippines Foundation to provide financial assistance to low-income women for entrepreneurial ventures in the country. Nearly 70,000 women micro-entrepreneurs are expected to benefit from the programme.
25 Nov 2022
DHL Supply Chain has appointed Mihaela Isac as chief information officer for Asia-Pacific.
25 Nov 2022
Southeast Asian parliaments have resolved to promote environmental, social and governance (ESG) approaches for both the public and private sectors while urging their governments to develop ESG performance indicators. Members of the Asean Inter-Parliamentary Assembly (AIPA) adopted an ESG resolution on Wednesday, the fourth day of a five-day meeting in Phnom Penh – the first face-to-face gathering of Asean lawmakers since 2019.
24 Nov 2022
Wealth
Sandy Chen, Mark Chester Ng, Sarah Lee, experienced bankers, portfolio manager
30 Nov 2022
Inflation, interest rates, the war in Ukraine and geopolitical tensions are among the issues that are shaping investment decision-making today. Amid these political and economic uncertainties, investors around the world will remain cautious for the foreseeable future, Cerulli Associates says in its latest report.
30 Nov 2022
Millennials in Singapore and Hong Kong are more likely than their older counterparts to put environmental, social and governance (ESG) factors into their investment thinking, a new study finds. Over two-thirds (70%) of those aged between 25 and 39 years say ESG is a priority for them, up by 6 percentage points compared with 2021, with 68% actively reviewing sustainability reports and credentials before making an investment, according to the report by Saint James’s Place, Money Relationship Monitor 2022 – Wealth Through the Generations.
29 Nov 2022
Neuberger Berman has received approval from the China Securities Regulatory Commission to manage local-currency mutual funds for domestic Chinese clients.
28 Nov 2022
A confluence of factors, including the redirection of capital that might otherwise have been deployed to North Asia, sees Singapore pull ahead of Tokyo as the most favoured Asia-Pacific property investment destination in 2023, according to a new report.
28 Nov 2022
DWS Group has announced that Stefan Kreuzkamp is stepping down as head of the investment division at the end of this year.
25 Nov 2022
Despite the downturn in China’s property market, GLP has raised 5.4 billion yuan (US$743 million) for a fund focusing on the country’s logistics sector. The GLP China Income Fund VII (GLP CIF VII) is the second in its onshore income fund series to close this quarter. It is seeded with 13 modern logistics assets from the firm’s balance sheet, which are located across logistics hubs such as Shanghai, Qingdao, Wuhan and Changsha.
25 Nov 2022
HSBC Global Private Banking (GPB) has launched a digital platform for discretionary portfolio management, saying that it is the first in Asia to offer the service on a mobile app. The new feature enables private banking clients to subscribe and reallocate their discretionary portfolio via the HSBC GPB’s mobile app, giving them 24/7 access to portfolio holdings and manager updates.
24 Nov 2022
Asia Connect
A consortium comprising Mota-Engil, Trafigura and Vecturis is set to begin operating the Lobito Corridor railway in Angola under a 30-year concession announced earlier this year.
30 Nov 2022
Construction work is about to begin on the 545-kilometre Champlain Hudson Power Express (CHPE) below-ground transmission line which will deliver hydropower from Quebec to New York City.
30 Nov 2022
Japan’s JGC Holdings Corp has won the contract for the front-end engineering and design (FEED) of Nigeria’s first floating liquefied natural gas (FLNG) project, along with Technip Energies of France.
30 Nov 2022
Singapore-based commodities trader Trafigura has closed a syndicated financing facility with Eastern and Southern African Trade and Development Bank (TDB) to develop copper and cobalt mines in the Democratic Republic of Congo (DRC).
30 Nov 2022
Saudi Aramco will invest US$7 billion in its South Korean affiliate S-Oil for the construction of a refinery-steam cracker plant that will convert crude oil into high-value petrochemical products.
23 Nov 2022
The US division of oil trading giant Gunvor has closed a US$1.45 billion uncommitted syndicated borrowing base facility with a group of 16 international banks.
23 Nov 2022
China’s Sinopec and Sonatrach of Algeria have signed a memorandum of understanding on expanding their existing collaboration.
23 Nov 2022
Acwa Power has signed a memorandum of understanding (MOU) with The Sovereign Fund of Egypt (TSFE) to explore a joint investment in 1.1-gigawatt wind energy project in the Gulf of Suez in Egypt.
23 Nov 2022
Trumbull Energy Center’s gas-fired power plant in Ohio, whose sponsors include Korea Southern Power (Kospo), has reached financial close, and construction will begin in weeks.
16 Nov 2022
The first shipment of liquefied natural gas (LNG) from the Area 4 Coral gas field offshore Mozambique recently departed from the Coral Sul floating liquefied natural gas (FLNG) facility.
16 Nov 2022
Senior lenders to Polish pipelines and liquefied natural gas (LNG) terminals operator Gaz-System have agreed to amend intercreditor arrangements and existing finance documentation in connection with a new 1 billion zloty (US$220 million) subordinated loan made available to it by the Polish Development Fund.
16 Nov 2022
On The Move
Sandy Chen, Mark Chester Ng, Sarah Lee, experienced bankers, portfolio manager
30 Nov 2022
OCBC Bank (Malaysia) has appointed Tan Chor Sen as chief executive officer, with effect from January 1 2023. He is succeeding Ong Eng Bin who will be retiring but will stay on as an adviser.
28 Nov 2022
DWS Group has announced that Stefan Kreuzkamp is stepping down as head of the investment division at the end of this year.
25 Nov 2022
DHL Supply Chain has appointed Mihaela Isac as chief information officer for Asia-Pacific.
25 Nov 2022
White & Case has promoted 26 lawyers to local partner and 14 lawyers to counsel. In addition to the internal promotions, the law firm has hired 11 local partners and 13 counsels this year.
24 Nov 2022
Jackie Choy has extensive research experience in passive investment strategies
22 Nov 2022
Esther Wong has extensive experience focused on UHNW, family office clients
22 Nov 2022
Rupa Balsekar, Shreeram Sethuraman bring extensive client experience and product expertise to franchise
22 Nov 2022
DWS has appointed George Anastasiou as head of real estate, Australia. Based in Sydney, Anastasiou has overall responsibility for the direct real estate business in the country. He reports to Christopher Kimm, head of real estate, Asia-Pacific.
21 Nov 2022
Young Ju Hong, Jessica Choong extensively experienced in working with asset owners
17 Nov 2022
Noel Gerald DCruz veteran OCBC banker takes on expanded role
17 Nov 2022