Matein Khalid The sheer scale of the Federal Reserve’s post-Lehman quantitative easing experiment can be gauged by the fact that its balance sheet is now $8.3 trillion or 1/3 the American GDP. In contrast, on the eve of Lehman Brothers failure on 15 Sept 2008, The Fed’s balance sheet was a mere $900 billion. Yet the Bernanke Fed’s revolutionary experiments in monetary policy applied by J. Powell […]
KUALA LUMPUR, MALAYSIA – Media OutReach – 9 September 2021 – From the standpoint of technological adaptability, Millennials are among the groups which were able to adjust the most in a brief period of time—a time that is torn and accelerated anew by paradigm shifts all over the board. The older ones (born between 1980–1993) received insights from the preceding generations and accommodated to the best of their ability: lessons […]
BANGKOK, THAILAND – Media OutReach – 3 September 2021 – StashAway, an easy-to-use digital wealth management platform that provides global diversification with high-quality, low-cost ETFs, is now available to Thailand residents. StashAway is regulated by the Securities and Exchange Commission (SEC). StashAway makes it simple for anyone to invest and build long-term wealth all through a mobile app. The platform has attracted clients from more than 160 […]
HONG KONG SAR – Media OutReach – 31 August 2021 – Logan Group Company Limited (stock code: 3380.HK) has announced its 2021 interim results. In the first half of the year, despite the global spread of the coronavirus pandemic, China’s economy managed to continue its steady recovery. The Group proactively implemented business development plans in accordance with real estate industry trends and policies, strengthened the “two stability and one new” business […]
Matein Khalid Freshworks is going to be the mother of all software IPOs on Nasdaq now that it has filed its S1 with the SEC. In fact, the Mommy and Pappy of the new breed of software 2.0 CRM deals incubated is among the hottest puppies I have seen midwifed by the Silicon Valley VC cognoscenti. These include the VC Gods of Mount Olympus – Sand Hill […]
Turkey is a land poised between West Asia and Europe. It is part Asia and part Europe, and visitors to the country love it for its unique, strategic location. It charms the rest of the world with its rich culture and architecture that reflect its many cultural influences. It is indeed one of the world’s most exciting destinations. And if Turkey’s romance and mystique captivate you, Turkish […]
Revenue grew by 58.0% year on year to RMB36.4 billion and Interim dividend amounted to HK12 cents per share Rental income grew significantly by 79% year on year to RMB391 million Contracted sales increased by 53% year on year to RMB157.03 billion for the first seven months, representing 59% of full year target Net debt-to-equity ratio and weighted average cost of indebtedness improved to 60.4% and 5.1% […]
HONG KONG SAR – Media OutReach – 30 July 2021 – Kerry Logistics Network Limited (‘Kerry Logistics Network’; Stock Code 0636.HK) is extending its coverage in Latin America by opening an office in Lima, Peru, increasing the number of countries and territories in its global network to 60. Having commenced operations in July 2021, Kerry Logistics Peru S.A.C. (‘Kerry Logistics Peru’) extends Kerry Logistics Network’s presence in Latin America, boosting […]
Despite the recent softer tone for the US dollar, a deterioration in US/China geopolitics and a rise in the delta/lambda variants of coronavirus, gold has been unable to breakout convincingly above the 1800 an ounce on any safe haven buying binge. The only possible conclusion is that Auric is still traumatized by the Federal Reserve’s signal that it will taper its monetary policy on a time table […]
HONG KONG SAR – Media OutReach – 27 July 2021 – Cyberport Academy will host a Green Finance Speaker Series to promote green finance in Hong Kong with FinTech support in light of the rise of green finance. Cyberport believes that FinTech can empower the development of green finance and is committed to playing a role in promoting green FinTech to strengthen Hong Kong as an international […]
HONG KONG SAR – Media OutReach – 27 July 2021 – Rare Whisky Holdings, a whisky investment group managed out of Hong Kong has bought a 49% stake of the online whisky auction site, Whisky Hammer, and its sister ecommerce business Still Spirit, paving the way for global expansion of the family run Scottish business. Li Hau TAN and Rickesh Kishnani, co-founders of Rare Whisky Holdings Rickesh Kishnani, co-founder of […]
After an epic fall in 2020-2021 due the coronavirus shock and the subsequent explosion in the Federal Reserve’s balance sheet to its current $8.2 trillion, the US dollar has made a counter cyclical move to 93 on its trade weighted index (DXY). The catalyst for this move are massive Japanese purchase of long duration US Treasury bonds, Chinese central bank intervention to arrest the rise of the […]
Successfully issued the second tranche of domestic corporate bonds Strengthen the debt structure and lower the financing costs HONG KONG SAR – Media OutReach – 21 July 2021 – CIFI Holdings (Group) Co. Ltd. (“CIFI” or the “Group”, HKEx stock code: 884), a leading real estate developer engaging in property development and investment in first-, second- and robust third-tier cities in China, is pleased to announce that […]
It is ironic that the US Dollar Index (DXY) rose to 92.85 even as the yield on the 10 year US Treasury note tanked from 1.75 in March to as low as 1.26 last Thursday. Economic data, high yield credit spreads and the TIPS inflation breakevens convinced me that the fall in bond yields had less to do with shifts in Federal Reserve monetary policy or inflation/growth […]
Arabian Post Staff Abu Dhabi Securities Exchange (ADX) has listed 1 billion euros of bonds issued by Emirates Telecommunications Group Company PJSC (Etisalat Group) in two equal tranches maturing in 2028 and 2033. The bonds were more than six times over-subscribed. Etisalat Group’s 500 million euro 7-year notes mature on 17 May 2028 and carry a 0.375% coupon, while the 12-year 500-million-euro tranche matures on 17 May […]
HONG KONG SAR – Media OutReach – 3 June 2021 – How to pick a good option for family bonding activities becomes more challenging throughout the pandemic, as parents are more concerned about their children’s hygiene and health when going outdoors. Today, Reckitt Hong Kong announces its partnership of Mead Johnson Nutrition and Dettol with Ngong Ping 360 in launching the exclusive “Smart Nature Explorer”. The fun-filled […]
First large-scale Business & IT trade exhibition after the pandemic held for 3 days next month in HKCEC, Hong Kong HONG KONG SAR – Media OutReach – 28 May 2021 – COVID has disrupted the business models of all industries globally, and corporations and companies everywhere have all scrambled to adopt to this business “New Normal”. Ability to perform digital transformation and master online virtual business […]
HONG KONG SAR – Media OutReach – 26 May 2021 – Overall, the Chinese economy expanded by 2.3% in 2020, being the only major economy to record growth, and Coface expects the GDP to accelerate to a 7.5% growth in 2021. This would be the fastest pace since 2013, and comfortably above the minimum of 6% set by the authorities. In normal times, higher economic growth should […]
HONG KONG SAR – Media OutReach – 12 May 2021 – Summit Ascent Holdings Limited (“Summit Ascent“, the “Group” or the “Company“, HKEx: 102) is pleased to announce that the Group will be officially included as a constituent stock of MSCI Hong Kong Micro Cap Index. The inclusion of Summit Ascent enhances its reputation among institutional investors in the gaming sector. The inclusion will be effective after […]
TAIPEI, TAIWAN – Media OutReach – 26 April 2021 – In response to the epidemic prevention policy in the wake of COVID-19, hygiene control in enterprises and households is more important than ever. In the post-COVID era, Taikkiso launched a new UVC LED device, which can be applied to water, surface and air sterilization. In the water sterilization treatment market especially, Taikkiso and their partners have made […]
Benefits for Japanese investors highlighted MANILA, PHILIPPINES – Media OutReach – 12 April 2021 – The Philippines has enacted a landmark law that cuts corporate income tax by as much as 10 percent and rationalizes fiscal incentives, thereby serving as the biggest stimulus for businesses in the country’s history. On March 26, President Rodrigo R. Duterte signed Republic Act No. 11534 or the “Corporate Recovery and […]
Net income increased to USD115 mn despite fallout from COVID-19 pandemic Balance sheet grew by 7.5% to USD7.89 bn Corporate Banking and Treasury & Capital Markets portfolios up 6% and 13%, respectively Improvement in key financial and risk metrics, including highest ever liquidity ratio (349%) and capital adequacy (31%). DAMMAM, SAUDI ARABIA – EQS Newswire – 7 April 2021 – The Arab Petroleum Investments Corporation (APICORP), a […]
The inaugural Tech Nation International Growth programme is part of the UK Government Digital Trade Network 12 UK companies forms the first cohort to set up shop in Singapore SINGAPORE – Media OutReach – 5 April 2021 – 12 UK tech scale-ups formally undertake the Tech Nation International Growth Programme in Singapore today. The programme, led by Tech Nation, the UK tech scale-up experts, is part of […]
