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

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Increasing demand for sustainable products and services in S’pore attracts entrepreneurs

SINGAPORE – Food-based entrepreneurs and start-ups are sprouting up all over Singapore as the demand for sustainable products and services goes into overdrive. While this demand is underpinning the eco-food trend, the extended time people spent grounded in Singapore during the pandemic also prompted some to tackle environmental issues, said Ms Rosalind Bazany, head of […]

PropertyBT Podcast: Singapore strata office and shop lots – gems or duds?

Synopsis: Hosted by senior correspondent Leslie Yee, PropertyBT by The Business Times shares insights on all things Singapore property to help you on your property investment journey. Episodes feature views and insights from property analysts. Can investing in strata commercial spaces pay off, given transaction costs for buying strata office and shop lots may be […]

CGS-CIMB launches Singapore’s first Shariah-compliant trading account

SINGAPORE – Brokerage CGS-CIMB Securities aims to provide more Islamic structured investment options for the Muslim community here with the launch on Thursday (June 23) of Singapore’s first Shariah-compliant trading account. iCash allows investors to screen for products that are aligned with the key principles of Shariah – morality, transparency and fairness – so they […]

Singapore regulator MAS vows to be ‘unrelentingly hard’ on crypto

SINGAPORE (FINANCIAL TIMES) – Singapore will be “brutal and unrelentingly hard” on bad behaviour in the crypto industry, according to its fintech policy chief, marking a stark shift in rhetoric after years of the city state courting the sector. Mr Sopnendu Mohanty, chief fintech officer at the Monetary Authority of Singapore (MAS), the country’s central […]

Desperate Chinese property developer willing to ‘swop wheat for house’

HONG KONG (REUTERS) – A desperate developer in China’s softening property market is coming up with a novel promotion to attract buyers, recently offering to take wheat and garlic as down payments. One advertisement of Henan-based developer Central China that had “swop wheat for house” in the title says buyers can use the crop, priced […]

Country Garden becomes ‘fallen angel’ with downgrade to junk

HONG KONG (BLOOMBERG) – Moody’s Investors Service lowered Country Garden Holdings from investment-grade territory, the latest sign of how sentiment has soured for private-sector Chinese developers during the industry’s cash crunch and sales slump. The country’s largest builder by sales was downgraded one notch to Ba1, and Moody’s ratings outlook is negative. The company on […]

China to launch new derivatives to help small cap investors hedge risks

SHANGHAI (REUTERS) – China plans to roll out derivatives based on the small-cap CSI1000 index, giving foreign and domestic stock investors additional hedging tools and potentially leading to new investment products. Draft rules published by the China Financial Futures Exchange (CFFEX) on Wednesday (June 22) will pave way for the launch of stock index futures […]

US recession fears darken outlook for Japan, global factories

TOKYO (REUTERS) – Japan’s factory activity growth slowed to a four-month low in June as China’s Covid-19 curbs disrupted supply chains, while many other economies in Asia were also facing headwinds amid growing risks to the outlook from a potential United States recession. Australia’s manufacturing activity held steady this month, data showed on Thursday (June […]