Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

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Alfa Romeo showroom shut, staff laid off as S’pore distributorship set to change hands

SINGAPORE – EuroAutomobile will cease to be the official importer and distributor of Alfa Romeo cars in Singapore, while Komoco Holdings is set to take over the exclusive distributorship next year, The Straits Times has learnt. On Sept 30, the firm, which has held the distributorship since 2004, shut down its Alfa Romeo showroom at Leng […]

Australia’s Telstra reveals data breach two weeks after attack on Optus

SYDNEY – Australia’s largest telecoms firm Telstra said on Tuesday it had suffered what it called a small data breach, a disclosure that comes two weeks after main rival Optus was left reeling by a massive cyber attack. Telstra, which has 18.8 million customer accounts, equivalent to three-quarters of Australia’s population, said an intrusion of a […]

S’pore should consider standby diesel fuel facility to boost energy security: Industry experts

SINGAPORE – Singapore should consider setting up a strategic reserve facility for diesel, an important alternative fuel for power generation, industry sources said. Power security has emerged as a key issue in the wake of the Ukraine conflict, and has once again turned the spotlight on energy security here in Singapore, which depends on imported […]

Australia’s central bank slows pace of rate hikes in surprise move

SYDNEY – Australia’s central bank on Tuesday surprised markets by lifting interest rates by a smaller-than-expected 25 basis points, saying they had already risen substantially, though it added that further tightening would still be needed. Wrapping up its October policy meeting, the Reserve Bank of Australia (RBA) raised its cash rate to a nine-year peak […]

Crypto needs more rules and better enforcement, US regulators warn

NEW YORK – A US federal panel responsible for monitoring financial system risks sounded a warning on Monday about cryptocurrency markets, saying that the widespread adoption of digital assets poses risks if the market continues to grow without better oversight and enforcement. It is the first major report on cryptocurrencies by the Financial Stability Oversight Council, […]

Metro expands in UK, Australia with $204.7m worth of acquisitions

SINGAPORE – Metro Holdings announced on Monday (Oct 3) the acquisition of a retail property in Australia and four student accommodations in the United Kingdom to deepen its presence across its key markets. The Australian property is a freehold neighbourhood retail centre called Shepparton Marketplace in Victoria, and it was bought by Metro Holdings with its […]

Building resilience: How nurturing local talent and tapping tech go hand in hand

Persistent inflation, a slowing global economy and geopolitical tensions – these are some of the ongoing challenges that Singapore faces, said Trade and Industry Minister Gan Kim Yong at the Ministry of Trade and Industry (MTI) Economic Dialogue last month. How can businesses in Singapore stay resilient amid such economic headwinds? The answer could be found […]



緊握信創產業黃金機遇 攜手地方政府打造信創產業發展高地 香港, 2022年10月3日 – (亞太商訊)  – 艾伯科技股份有限公司(「艾伯科技」或「公司」,連同其附屬公司統稱「集團」;股份代號:2708.HK)欣然宣佈,集團旗下的深圳市艾伯控股有限公司(「艾伯控股」),與深圳市艾伯信創科技有限公…

Rich kids’ boot camps return as private banks woo next-gen clients

SINGAPORE – For years, Covid-19 froze one of private banking’s best tools for keeping customers loyal – invite-only events for the children of wealthy clients. Now, as global borders finally reopen, they are starting to return. In the bowels of Singapore’s Ritz-Carlton hotel, 12 young people in grey hoodies sipping bubble tea could be mistaken for a university […]

Asia’s factories paint picture of uneven recovery in September

SINGAPORE – Asia’s factories saw a split track of recovery in September as South-east Asia showed some resilience while China’s growth slowdown and lingering supply chain challenges held back the broader orders outlook. Purchasing managers’ indexes (PMIs) for much of South-east Asia showed improvement, with Indonesia at 53.7 matching its January reading for the best this year. […]

EC World Reit proposes asset sale for loan repayment; to make special distribution

SINGAPORE – EC World Real Estate Investment Trust (EC World Reit) is proposing to divest its indirect interests in Bei Gang Logistics and Chongxian Port Logistics at the agreed property values of 1.2 billion renminbi (S$235.7 million) and 820 million renminbi respectively, each representing a premium of 2.9 per cent to their independent valuations. Proceeds […]