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Companies that focus on environmental, social, and governance (ESG) tend to be high-performing companies, therefore investing in a basket of ESG stock will you cannot do too badly with a portfolio ESG stock, DBS chief executive Piyush Gupta said. The truth is…
HSBC makes three new appointments to oversee the overall investment strategy across the newly merged wealth unit. The bank appoints Fan Cheuk Wan as Asia chief investment officer (CIO) for private banking and wealth management, according to a statement. In…
LG Display will invest an additional $725 million in its manufacturing facility in the northern port city of Hai Phong to take its total investment to $3.25 billion. The money will be used to expand the factory starting in March. Manufacturing will begin in…
Indian foreign direct investment in Vietnam is relatively modest because of the lack of trade promotion activities, says a deputy minister of planning and investment. “Bilateral trade and investment relationship has seen many positive results in recent times…
Grab on Tuesday announced the acquisition of Bento Invest, a Singapore-based Robo-advisory start-up for an undisclosed sum. It allows Grab to kickstart the offering of retail wealth management solutions to users, driver-partners, and merchant-partners via its…
Banks and wealth managers tend to appoint women to spearhead their sustainability programs. we wanted to find out whether this was pure coincidence or sign of a trend. Ecological and sustainable investing has become very popular in wealth management and among…
Leading omnichannel fashion company Pomelo has secured US$52 million in funding, making it the first Thai startup to raise a Series C funding round. Investors include Central Group, Provident Growth Fund, InterVest Star SEA Growth Fund, Andre Hoffman, Toivo…
The Philippines’ SM Investments has achieved 14-per-cent sales growth in the first half-year, its retail division up by 10 percent. Profit for the half-year rose 27 percent, with banking and property divisions driving most of the growth. The company said SM…
Elon Musk’s Boring Co. has raised its first outside investment to fund the development of tunnel-based transportation systems. The company authorized the sale of $120 million in stock, according to a securities filing that was obtained by the Prime Unicorn…
Indian online classifieds site Quikr has bought refurbished goods marketplace Zefo, headquartered in Bangalore. The acquisition allows an exit strategy for Zefo’s current investors, including Sequoia Capital, and gives Quikr a pathway to expand and strengthen…
Struggling department store chain Debenhams said shareholders could lose their entire investment as a result of some of the restructuring options it is considering. The 200-year-old retailer said it is trying to refinance its debt, restructure its estate…
The Asian Development Bank will lend Vietnam $188 million to upgrade roads towards improving connectivity in northwestern provinces. Under an agreement signed by ADB and the Ministry of Finance Tuesday, the loan will be used to upgrade of 198 kilometers of…
Hong Kong billionaire Li Ka-shing’s business empire Cheung Kong has been able to get the best price when offloading some assets. For instance, the Centre, its Grade A office building, was sold for over HK$40 billion early this month on the back of soaring…
China will continue to relax foreign investment rules for the country’s auto sector and other high end manufacturing, lifting restrictions in an orderly fashion, the commerce ministry said on Thursday. The government is preparing to further open up the new…
The Board of Directors of SM Investments Corporation (SM) announced key organizational changes that will support the company’s next phase of growth. The Board has already conferred upon Mr. Henry Sy, Sr. the role of Chairman Emeritus, in recognition of his…
Indonesia is hoping for more investment from Japan after the scheduled meeting between President Joko Widodo and Japans Prime Minister Shinzo Abe. This was said by Thomas Lembong, the chief of the Indonesian Investment Coordinating Board (BKPM), here on…
