investment

CITIC Envirotech takes part in $12 mil joint venture investment

SINGAPORE (July 20): CITIC Envirotech says its joint venture company Baiyi Environment has acquired a 100% and 70% stake in Jiangyin Zhounan Wastewater Treatment and Jiangyin Huahong Wastewater Treatment, respectively, for a total of RMB59.5 million ($12

Global Economy

Vietnam rejoins club of 6%-GDP-growth nations as exports surge

HANOI (June 30): Vietnam’s economy recovered this quarter with a surge in exports allowing it to rejoin a small group of nations posting growth rates of more than 6%.

This fund manager left his job to teach computers to think like him

(June 28): Since he left his job as hedge-fund manager last year, Muhammed Yesilhark has spent his days teaching computers to pick stocks like he did in his 12-year career.

MAS to loosen regulatory barriers for banks carrying on permissible non-financial businesses

SINGAPORE (June 28): The Monetary Authority of Singapore (MAS) on Tuesday announced its intention to streamline existing the regulatory requirements for banks seeking to conduct or invest in permissible non-financial businesses.

State of the City

Millennials do invest, even if they spend more money on discretionary items

This article appears in Issue 784 (June 19) of The Edge Singapore

Property

Straits Trading buys stake in Sydney office building for $123 mil

SINGAPORE (June 6): Straits Real Estate, a subsidiary of Straits Trading Company, is investing roughly A$119 million ($122.7 million) for a stake in a 32-storey office building located at 320 Pitt Street in Sydney, Australia.

Bank of Singapore to keep hiring in hunt for growth, CEO says

SINGAPORE (June 1): Bank of Singapore, which recently broke into the ranks of Asia’s top 10 private banks, intends to keep hiring more relationship managers and focus on serving a wealthier bracket of customers to keep expanding its assets under managem

GIC-backed games startup aims for Vietnam's first IPO abroad

(May 30): Communist-led Vietnam may soon have its first technology company go public in the US.

Malaysia

Malaysia's growth quickens to two-year high, beating forecasts

(May 19): Malaysia’s economy grew at the fastest pace in two years last quarter, lifted by an export recovery and stronger private consumption and investment.
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