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Tag: private

Retail Asia23/11/2022
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Living

Facebook launches new privacy tools to protect teens

3min0
Facebook is taking another step toward strengthening teens protection by introducing a new set of privacy tools. The social app announced today some updates to its policy of protecting young people from harm. After releasing similar features last year to restrict adults from messaging teens they aren’t connected to, this year Facebook plans to introduce […]
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Retail Asia17/06/2021
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Finance

HSBC Private Banking Launches Online Trading in Asia

2min0
HSBC has opened access to online trading for private banking clients in Asia as part of $100 million of investment in its core banking and digital platforms in the coming two years. HSBC Private Banking has launched its online trading platform in Asia, according to a statement, opening access to 10 financial markets including Hong […]
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Retail Asia07/04/2020
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Finance

HSBC Names Asia Private Banking COO

2min0
HSBC continues to bolster its private banking business in Asia with the latest hire of chief operating officer, formerly with J.P. Morgan wealth arm. Sharon Oh joins HSBC Private Banking as its chief operating officer, replacing Gaurav Rao, who recently relocated to London for another role within the private bank. In her new role, Oh will report […]
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Retail Asia13/02/2019
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Automotive

Vietnamese car maker plans private share issue

3min0
Truong Hai Auto Corporation (THACO) is planning to issue more than 30.3 million shares to a strategic shareholder. The company is currently collecting shareholders’ opinions on a draft resolution to authorize a private placement worth an estimated total of VND3.89 trillion ($167.19 million) to Jardine Cycle & Carriage, a Singaporean diversified conglomerate that specializes in […]
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Retail Asia05/06/2017
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Finance

Indonesia’s Mandiri eyes Singapore private banking business

6min
Indonesia’s largest lender Bank Mandiri wants a piece of the lucrative private banking business in Singapore, particularly the accounts of wealthy Indonesian clients. Recent reforms in Indonesia, including a successful tax amnesty, have made ultra-rich citizens less averse to banking with state-owned institutions, said Mandiri chief executive Kartika Wirjoatmodjo. “In the past, they were worried […]
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Retail Asia28/04/2017
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Living

Private hospitals struggle to stay open in Vietnam

5min0
Many private hospitals in HCM City are on the verge of shutting down as most average patients prefer cheaper prices at public hospitals. Diep Van Phat, chairman of the International Phuc An Khang Hospital (Ipak), ordered employees to stop receiving patients as the hospital will shut down on April 28. Ipak Hospital was converted into a […]
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Retail Asia21/04/2017
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General

AirAsia establishes executive jet charter unit

1min0
AirAsia Group has announced it has incorporated a wholly-owned subsidiary company to acquire and manage a Bombardier Global Express executive jet. In a statement to the Bursa Malaysia, the conglomerate said AirAsia Corporate Charter (Kuala Lumpur Subang) had acquired 9M-CJG (msn 9013) from Caterham Jet (Kuala Lumpur Subang) with the aim of becoming a full-fledged […]
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Retail Asia17/03/2017
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General

AirAsia revives plan to buy private jet for US$10mil

4min0
AirAsia has revived its earlier plan to buy the private jet used by its group chief executive officer Tan Sri Tony Fernandes and executive chairman Datuk Kamarudin Meranun, entering another sale and purchase agreement similar to the one inked in June last year. In a filing with Bursa Malaysia, the low-cost carrier said it had signed […]
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Retail Asia27/01/2017
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Telecom

Private cloud can cut IT costs by 25%

4min0
Most large enterprises can save at least 25% on their IT costs over five years by migrating to a private cloud from a legacy IT environment, according to financial analysis from by Nokia. The analysis, known as the Nokia Enterprise Private Cloud TCO Model, also demonstrates that enterprises can expect to break even on their […]
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Retail Asia21/11/2016
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Finance

Private banks lacking scale exit Singapore

8min
Just like real estate is about location, location and location, private banking is about scale, scale and scale – it is what’s needed to cope with the high cost of the business, say industry players. Monday’s surprise move by DBS Bank to snap up most of ANZ’s wealth and retail business in Asia for a […]
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Retail Asia08/01/2016
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Finance

DBS Indonesia upbeat, eyes higher loan growth in 2016

5min
Private lender Bank DBS Indonesia, part of Singapore’s DBS Group Holdings, expects higher loan growth this year compared to 2015 as it predicts an improvement in the country’s economy. DBS Indonesia president director Paulus Sutisna said the bank projected that its loans would grow by 12 percent in 2016, higher than the 10 percent booked […]
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