Less respondents expect an increase in property prices The average age of first-time home buyers is 31 HONG KONG SAR – Media OutReach – 11 November 2021 – Citi Hong Kong conducted a survey in September 2021 on residential property ownership in Q3 2021. According to the survey results: 38% of the respondents expected property prices to rise further in the coming year, a lower percentage compared […]
Erdogan Becoming a Liability for Turkey By Manish Rai Last month Turkey made it into the grey list of the Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog headquartered in Paris. Turkey now joins its close ally Pakistan in FATF’s crosshairs. Surprisingly Turkey becomes the largest economy to be included in this list. The FATF listing for Ankara comes on the back of […]
Mashreqbank PSC, Dubai’s third-biggest bank, will pay $100 million to settle allegations that it violated U.S. sanctions by illegally processing more than $4 billion of payments tied to Sudan, Bloomberg reported quoting a New York financial regulator. The oldest privately owned lender in the United Arab Emirates processed the transactions from 2005 to 2014 and instructed employees to leave out key details in messages sent between banks […]
Asia’s leading e-commerce financing platform launches merchant financing securitization facility with Citi, first deal of its kind in Asia HONG KONG SAR – Media OutReach – 9 November 2021 – Asia’s leading financial technology platform Qupital today announced it has raised US$150 million in a combination of Series B equity funding and a receivables-backed securitization facility. The equity funding will reinforce Qupital’s ambitions to scale its cross-border e-commerce lending […]
Matein Khalid The Middle Kingdom has been a black hole for emerging markets equitywalas since mid-2020. The PBOC kept monetary policy far too tight at a time when the global pandemic necessitated some credit acceleration. The economic slowdown after the Wuhan virus was worse than Street consensus. The property developer Evergrande’s $300 billion debt woes unnerved the Chinese banking system and yuan debt market. The geopolitical rhetoric […]
SINGAPORE – Media OutReach – 8 November 2021 – MoolahSense announces the launch of GreenMoolah, a platform focused on accelerating green and sustainable financing in Singapore and the region. With a large number of government-linked and large corporations in the region embarking on achieving net zero emissions by 2030, regional and local authorities including businesses are scaling up their efforts to support the reduction of emissions. This has created […]
SINGAPORE – Media OutReach – 6 November 2021 – On November 6, TRON’s official account announced that Justin Sun, founder of TRON, will attend SFF 2021 Singapore Fintech Festival and will deliver a keynote speech. Organized by the Monetary Authority of Singapore, the Singapore FinTech Festival (SFF) is the world’s largest gathering for the FinTech community. SFF 2021 will take place from November 8 to 12 as a hybrid digital […]
HONG KONG SAR – Media OutReach – 5 November 2021 – The Hong Kong Productivity Council (HKPC) was awarded The Greater Bay Area Navigation Award – Award for Outstanding Contribution (Organisation) today, with trophy presented by Mr Li Jiangzhou, Deputy Head of the Office for Safeguarding National Security of the Central People’s Government in the HKSAR and Mr Pan Yundong, Deputy Commissioner of the Office of the Commissioner of the […]
SINGAPORE – Media OutReach – 5 November 2021 – Global technology leader Cisco and National University of Singapore (NUS) today launched a Corporate Laboratory to boost innovation and research in key technology areas. Established with an investment of S$54 million over five years, the Cisco-NUS Accelerated Digital Economy Corporate Laboratory is supported by National Research Foundation, Singapore (NRF Singapore). Launch of the Cisco-NUS Accelerated Digital Economy Corporate Laboratory on […]
SINGAPORE – Media OutReach – 5 November 2021 – NTUC LearningHub (NTUC LHUB), a leading Continuing Education and Training provider in Singapore, announced today that Mr Jeremy Ong will assume the role of Chief Executive Officer (CEO). Most recently, Jeremy was the Chief Customer & Operations Officer at AXA Singapore, a role he took on since October 2019. Prior to joining AXA Singapore, Jeremy was a Senior Vice President in […]
F&B businesses using the Oddle platform can enjoy greater cost-savings of up to a few thousand dollars with free access to Oddle’s new features including the QR-code ordering platform. SINGAPORE – Media OutReach – 5 November 2021 – More than just an online ordering platform, Oddle has launched an all-new reservation system to support F&B merchants in these challenging times. Launched in September 2021, the all-new free-to-use reservation system allows F&B […]
New York and London – News Direct – 4 November 2021 – Symphony – the leading markets’ technology and infrastructure platform – showcased front office, operations, and wealth workflows that are solving for markets industry challenges in its flagship conference Innovate 2021, held yesterday in New York City. Symphony showcased for the first time how its secure and compliant collaboration platform is integrating the technology of the […]
HONG KONG SAR – Media OutReach – 4 November 2021 – Overconfidence, or the tendency to underestimate risk and overestimate returns, is often cited as a leading factor behind some of the biggest corporate failures in history, from the Enron scandal at the turn of the millennium, to the spectacular collapses of investment banks Bear Sterns and Lehman Brothers during the global financial crisis of 2007 to 2008. With the world […]
Arabian Post Staff Dubai Expo 2020 so far looks positive and will undoubtedly boost travel and hospitality within the UAE, thus proving a critical marker for recovery in its travel and tourism sector in terms of visitor numbers, PwC said in its latest Middle East Economy Watch, ‘Recovery accelerates in the GCC, despite inflation concerns’. The report said a combination of factors are contributing to recovery across the […]
Incomlend Capital aims to raise and manage US$500 million for the Incomlend ESG Invoice Financing Programme SINGAPORE – Media OutReach – 3 Novemver 2021 – Incomlend Capital, an Incomlend Group company, has received the Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS) to conduct fund management activities. The CMS license allows the company to set up and manage funds and collective investment schemes. Incomlend Capital now […]
With his background from executive positions in Itiviti, FIS, and SunGard, Rob Mackay has successfully built leading international companies in the financial software sector Regnology’s founding CEO, Jürgen Lux, has decided to assume a more strategic role and will continue sharing his knowledge and experience as a senior advisor to the Board of Directors of Regnology and to its owner Nordic Capital FRANKFURT, GERMANY – Newsaktuell – […]
SINGAPORE – Media OutReach – 3 November 2021 – Independent philanthropy organisation Tanoto Foundation is supporting Stroke Support Station (S3) in developing a programme to further engage and empower stroke family caregivers in the rehabilitation and reintegration journeys of their loved ones. Currently, S3 provides caregivers with information or assistance regarding stroke resources and referrals to the appropriate agencies. It also provides care management and counselling for stroke survivors […]
These initiatives will guide consumers, especially young adults, on building sustainable and diversified financial portfolios SINGAPORE – Media OutReach – 2 November 2021 – Giants in the finance and real estate industries have joined forces in a bid to improve financial literacy among local communities and empower consumers to make informed decisions at different stages of their lives. Singapore’s largest international real estate agency ERA Singapore (ERA) and CGS-CIMB Securities […]
Winning entry is the official logo of Cambodia’s ASEAN Chairmanship PHNOM PENH, CAMBODIA – Media OutReach – 2 November 2021 – Prince Holding Group (“Prince Group”), one of Cambodia’s largest and fastest-growing conglomerates, is proud that Ms. Chutth Chenda, a Cambodian employee of Prince Real Estate, secured 1st place in the Cambodia ASEAN Chairmanship logo design competition organized by the Ministry of Foreign Affairs and International Cooperation (“MFAIC”). Chenda was one […]
James M Doresy Sunni Muslim ultra-conservatism is having a field day. Barely three months after the Taliban claimed victory in Afghanistan, Pakistan, the second most populous Muslim-majority state, is moving to join Kabul in becoming an outpost of religious intolerance and Muslim supremacy. In doing so, Pakistan, alongside Afghanistan, has come down on the side of countries like Turkey and Iran that advocate various forms of political […]
BERLIN, GERMANY – Newsaktuell – 29 October 2021 – For the second time in a week, China Evergrande Group has apparently technically defaulted on interest payments to international investors. This further manifests the bankruptcy of the real estate developer. The real estate group has accumulated a mountain of debt totaling $305 billion. In the eight weeks to the end of the year alone, nearly $338 million in interest will […]
CHONGQING, CHINA – Media OutReach – 28 October 2021 – Infor, the industry cloud company, today announced that Huida Sanitary Ware Co., Ltd. (Huida), has rolled out Infor LN, an ERP solution purpose-built for manufacturers, allowing enterprise users to gain the visibility they need to quickly respond to customer, supplier, and regulatory needs—with zero software customization. The move has enabled comprehensive standardization of business processes for Huida and its subsidiaries so […]
Investment to boost Cloud capabilities and create 500 new digital jobs SINGAPORE and SYDNEY, AUSTRALIA – Media OutReach – 28 October 2021 – NCS will acquire a majority stake in Eighty20 Solutions (Eighty20), an Australian cloud transformation specialist, to continue scaling its market presence in Australia. One of the fastest growing IT companies in Australia[1], Eighty20 will further boost NCS’ NEXT capabilities to support Australian clients in their digital transformation journey […]
Matein Khalid In the winter of 2018 on the eve of a trip to South Africa with my close friends from Roshni, an enclave of some very special people just outside Johannesburg. I had published an article in the GCC/British media (I used to write for newspapers and magazines then) on software stocks (https://lnkd.in/dTgHd9Wp). My analysis convinced me that MSFT was a superlative buy just below $100. […]
