Business
Maryland joins big-spending blue states raising taxes to fill budget holes, fund liberal wish lists
Maryland's decision to impose steep tax increases follows the lead of other liberal-leaning blue states that love to spend, and are now…
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Fund
Politics
Indonesia hikes mining royalties in bid to fund Prabowo policies
The regulation comes into effect 15 days from Apr 11, the registration date, according to the document Indonesia has raised the royalty…
Politics
Indonesia hikes mining royalties to fund Prabowo policies
Indonesia has raised the royalty rate to be paid by nickel, tin and other metal producers as the government searches for ways to fund…
Business
Temasek-backed ABC Impact finishes final close of second fund with more than US$600 million
Asia-focused private equity firm ABC Impact completed the final closing of its second fund, which is backed by Temasek, at more than…
Business
Qatar to invest US$2 billion in Indonesia sovereign wealth fund
Prabowo is on a five-nation tour of the Middle East, visiting the United Arab Emirates, Turkey, Egypt, Qatar and Jordan to boost bilateral…
Business
Olam to divest remaining Olam Group assets to fund business reorganisation
Olam Group will invest US$500 million equity into Olam Food Ingredients (ofi) within the next three months, while de-leveraging the…
Business
Indonesia’s US$48 billion social security fund eyes doubling equities exposure
Indonesia’s US$48 billion social security fund BPJS Ketenagakerjaan, the country’s largest institutional investor, aims to raise the share…
Business
Bain seeks to raise at least US$7 billion for new Asia PE fund
Bain Capital is looking to raise billions of US dollars for its next Asia fund and a special situation fund in the region, as it moves to…
Business
Singapore’s RV Capital is set to join the hedge fund influx into Dubai
The firm joins a growing number of Asian investment outfits that are looking to join their western peers in the United Arab Emirates…
Business
China sovereign fund Huijin buying domestic stocks as market slumps
China’s sovereign fund Central Huijin Investment said on Monday (Apr 7) it is increasing holdings in China stocks and will defend market…
Business
Family Money Protection: Trust Fund vs. Regular Savings
When it comes to securing your family’s financial future, understanding the differences between family trusts and regular savings accounts…
Business
Morgan Stanley raising about US$680 million for Japan real estate fund: sources
Morgan Stanley is raising about 100 billion yen (S$910.8 million) for a Japan-focused real estate fund, two people familiar with the…
Politics
Judge restores funds for lawyers representing children in immigration court
A federal judge in Northern California ordered the Trump administration to temporarily restore legal funding for migrant children in…
Business
Panin Bank a good fit for DBS’ Indonesia operations; Singapore bank’s surplus capital can fund potential acquisition
A potential acquisition of Indonesia’s Panin Bank could benefit from DBS’ strong track record of turning around unprofitable targets, and…
Business
Singapore's GLP closes first digital infrastructure fund at US$358 million in AUM
Singapore-based GLP has successfully wrapped up its inaugural digital infrastructure-based fund, the GLP China IDC Income Fund I, with…
Business
Ho Bee Land drops AVJennings bid; Australian property developer to be acquired by US fund
Real estate group Ho Bee Land on Tuesday (Apr 1) said it has decided not to proceed with its offer for Australian property developer…
Business
Hong Kong derivatives trading surges to record on turbulent markets and hedge fund interest
Big swings in stock markets and hedge fund activity have propelled Hong Kong’s derivative trading to unprecedented highs. The number of…
Business
Nio to raise HK$4 billion from equity placement to fund R&D
Chinese electric vehicle (EV) maker Nio on Thursday (Mar 27) announced plans to raise HK$4 billion (S$688 million) through a share…
Business
Singapore fund inflows surge 167% to S$7.6 billion for 2024: Morningstar
Total net inflows into Singapore-registered funds hit S$7.6 billion for 2024, a surge of 167 per cent from S$2.85 billion in 2023,…
Business
GameStop to borrow US$1.3 billion to fund Bitcoin buying spree
GameStop is seeking to sell US$1.3 billion of convertible bonds with no coupon payment to fund Bitcoin purchases as it embraces a strategy…
Business
Nanofilm takes out 50 million yuan loan to fund Chinese subsidiary
Nanofilm Vacuum Coating (Shanghai), a wholly owned subsidiary of mainboard-listed Nanofilm Technologies, has obtained a 50 million yuan…
Business
Ex-Goldman analyst’s hedge fund reaps 300% on small Japan banks
Katsunori Tanaka spent most of his 19 years at Goldman Sachs scrutinising Japan’s biggest banks as an equity analyst. Now he’s making…
Business
Chocolate Finance: Bank or fund manager?
The two may have overlapping traits, but industry watchers say the differences must be made obvious to customers For less-savvy investors,…
Business
Indonesia launches new multi-billion-dollar sovereign wealth fund
Prabowo Subianto has ordered sweeping cuts across government to fund his key campaign pledges including the new investment vehicle (Bagus…