Ping An Insurance (Group) Co. of China Ltd. will continue to invest about US$1 billion in Internet development as the group extends its fintech and healthcare business to “diversified revenues,” the South China Morning Post reported, citing Jessica Tan, COO of the group.
SGX is looking to tie up with overseas exchange, Mapletree is looking to divest old properties, China Life Insurance seems to be keen on acquiring a controlling stake in Hong Leong Assurance Bhd.
Amazon with exclusive affiliate partner iPrice Singapore premieres the first screenshots of the all new and exciting online shopping platform: Amazon.sg.
Healthway Medical receives S$8.6 million from Gateway.
Grab (Uber’s rival worth US$3 billion) launched a trial of taxi hailing service in Myanmar.
Bank of China is looking at setting up more branches in the Philippines amid the improving bilateral trade and investment relations between Manila and Beijing.
Bank of Thailand highlighted that the 1.5% rate continues to be relevant for economic recovery. The deputy governor Mathee Supapongse said Thailand does not face low inflation trap.
The US FED will lift the target range’s benchmark interest rate to between 75 basis points and 100 basis points for the first time in 2017.
The Singapore Exchange Ltd. (SGX) raised the pro-rata renounceable rights issue cap to 100% of a company’s share capital from 50%. This is to help companies raise funds quickly.
After the warming up of Philippine-China relations in the early months of Duterte’s presidency, the relationship is now stuck in limbo as the South China Sea issue rises to be a thorny issue once again.