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

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 […]

National Archives: Trump staffers not returning White House records

A letter from acting archivist of the United States Debra Steidel Wall to former President Donald Trump's legal team is photographed on Aug 23, 2022. (JON ELSWICK / AP) WASHINGTON – Former President Donald Trump's administration has not turned over all presidential records and the National Archives will consult with the Justice Department on whether […]

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. […]

China factory activity continues to struggle on Covid-19 curbs, property woes

BEIJING – China’s factory activity continued to struggle in September while services slowed, as the country’s economic recovery was challenged by lockdowns in major cities and an ongoing property market downturn. The official manufacturing purchasing managers’ index rose to 50.1 from 49.4 in August, according to a statement from the National Bureau of Statistics (NBS) on […]

Deflation looms in China amid property crisis and Covid-19 curbs: Survey

BEIJING – China faces increasing risks from deflation as demand crumbles under the weight of an ongoing property crisis and is threatened by continued Covid-19 restrictions – a stark contrast with other major economies, according to a private survey. Companies reported the weakest growth in sale prices since the last quarter of 2020 in the three […]

Adani Group to invest $1.43b in next decade as India benefits from global geopolitical shifts

SINGAPORE – The global economy is in uncharted waters as central banks risk recession to combat inflation and a war between Russia and Ukraine changes geopolitical realities, but India stands to gain from the turbulence. Addressing the Forbes Global CEO Conference in Singapore on Tuesday, Mr Gautam Adani said that with fractures in the EU’s […]

HKTDC launches GoGBA Day

HONG KONG, Sep 23, 2022 – (ACN Newswire via – The Hong Kong Trade Development Council (HKTDC) and the Guangdong-Hong Kong-Macao Greater Bay Area Development Office co-organised the inaugural GoGBA Day yesterday (22 September). This business support event aims to engage members of the international business community in Hong Kong that are currently underserved […]

S’pore core inflation near 14-year high of 5.1% in August on more costly food, services

SINGAPORE – Consumer prices in Singapore continued to climb in August and core inflation hit a near 14-year high, on the back of more costly services and food. Core inflation, which excludes costs of private transport and accommodation and reflects the expenses of Singaporean households more accurately, hit 5.1 per cent year on year, up […]