Tag: Investments

Retail Asia19/02/2021
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2min0
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 her expanded role, she will oversee investment strategies and themes across all asset classes for the bank’s […]

Retail Asia28/01/2021
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2min0
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 but is still not commensurate with the potentials of both countries,” said Tran Duy Dong said at […]

Retail Asia05/02/2020
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4min0
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 app. With the acquisition, Bento will be rebranded as GrabInvest with products launched on the Grab app in the first half […]

Retail Asia27/09/2019
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1min0
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 investors. Almost every bank has invested in a high-powered division that devotes its resources […]

Retail Asia26/09/2019
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3min0
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 Annus, Lombard Private Equity, Ambient Sound Investments OU and The Luxembourg Company Deverel. After raising US$19 […]

Retail Asia15/05/2019
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1min0
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 its pre-owned product range. Zefo, has a portfolio of more than 10,000 products in four cities, including Bengaluru, Mysore, […]

Retail Asia02/04/2019
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5min0
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 after a series of profit warnings and seek a cash injection of up to £200 million (A$373.1 […]

Retail Asia23/11/2017
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5min
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 land prices. Some buyers offered about HK$30 billion late last year. […]

Retail Asia16/01/2017
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5min0
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 Friday. Shinzo Abe is scheduled to arrive in Indonesia for a two-day state visit on Sunday […]


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