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US$702 million deal targets long-term growth potential in Asia-Pacific’s clean energy transition
16 Aug 2022
A positive result from a Covid-19 test can induce anxiety. But companies in Asia, tested by the pandemic the past more than two years, have produced a far more pleasant positive outcome: attention to the social aspects of the business has jumped by nearly 24% compared with a 2020 survey.
15 Aug 2022
The energy, transport, food, information and materials sectors are all undergoing rapid technological disruption. But with the right choices, we can rapidly build a more just and advanced civilization that provides unprecedented levels of universal and sustainable prosperity
11 Aug 2022
Mainland China, Singapore top climate-positive markets, but concerns over lack of guidelines
11 Aug 2022
Opportunities ripe in ESG financing products by focusing on oft-neglected S factor
9 Aug 2022
Social SRI sukuk, bonds for affordable housing assigned highest social benefit rating
8 Aug 2022
After volatile start to 2022, revival in market expected with Q2 25% issuance increase
5 Aug 2022
The Asset Talk
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TechTalk
Hg Exchange (HGX), a Singapore-headquartered private securities exchange, has appointed Lawrence Wong as chairman of the board, effective August 1.
15 Aug 2022
The Bangko Sentral ng Pilipinas (BSP) on Friday (August 12) announced that it is imposing a three-year ban on licences granted to virtual asset service providers (VASP). During the moratorium, which begins on September 1, the central bank will review the local market.
15 Aug 2022
The energy, transport, food, information and materials sectors are all undergoing rapid technological disruption. But with the right choices, we can rapidly build a more just and advanced civilization that provides unprecedented levels of universal and sustainable prosperity
11 Aug 2022
Atome Financial has secured a US$100 million debt facility from HSBC Singapore to bolster its flexible deferred payments business across Asia.
11 Aug 2022
Navigator Investment Services, an investment platform under Singlife with Aviva, has ramped up its operations and management strength with the appointment of senior executives from the regional banking and technology industries.
11 Aug 2022
Tata Communications has enhanced its InstaCC platform with digital features to improve the way global enterprises engage with their customers. The platform is an omnichannel Contact Centre as a Service (CCaaS), which enables businesses to seamlessly grow beyond geographies while adhering to international regulatory compliance, Tata says. It allows companies and their clients to connect across varied channels ranging from social media to web browsers to mobile applications and company websites.
10 Aug 2022
The number of consumers availing themselves of the “buy now, pay later” (BNPL) payment scheme will surpass 900 million globally by 2027, up from 360 million this year, according to a new report. This growth of over 150% will be driven by the increase in demand for low-cost credit solutions on the back of the expected economic downturn, says Juniper Research.
10 Aug 2022
Philippine-based ATR Asset Management and Trust Corporation (ATRAM) is partnering with additiv, a wealth tech solutions provider headquartered in Zurich, Switzerland, to modernize and digitize its wealth management solutions.
8 Aug 2022
Philippine regulators have cautioned local investors against dealing with cryptocurrency exchange Binance, noting that it does not have a licence to operate in the country.
8 Aug 2022
Following the swift adoption of digital financial processes in the wake of the Covid-19 pandemic, consumers across globe have rapidly embraced digital payment systems, including digital wallets, for their day-to-day activities. According to Juniper Research, digital wallet transactions globally are predicted to exceed US$12 trillion by 2026, from just around US$7.5 trillion this year. The number of digital wallet users, currently around 3.4 billion, is predicted to grow to 5.2 billion by 2026.
5 Aug 2022
Customers younger, tech-savvy, high-net-worth individuals who seek growing autonomy
4 Aug 2022
Treasury & Capital Markets
Asia's two biggest economies refuse to go with global flow amid inflation threats
17 Aug 2022
Announcing the best issuers, best banks and best sukuk advisers in Islamic finance as part of The Asset Triple A Islamic Finance Awards 2022.
16 Aug 2022
The Bangko Sentral ng Pilipinas (BSP) on Friday (August 12) announced that it is imposing a three-year ban on licences granted to virtual asset service providers (VASP). During the moratorium, which begins on September 1, the central bank will review the local market.
15 Aug 2022
Standard Chartered has executed its first green export letter of credit programme in Singapore, London and New York for ADM, a US multinational food processing and commodities trading firm.
11 Aug 2022
Atome Financial has secured a US$100 million debt facility from HSBC Singapore to bolster its flexible deferred payments business across Asia.
11 Aug 2022
Apex Group has launched its global compliance solutions in Singapore, and appointed Stefan Ho as head of the team.
10 Aug 2022
Tata Communications has enhanced its InstaCC platform with digital features to improve the way global enterprises engage with their customers. The platform is an omnichannel Contact Centre as a Service (CCaaS), which enables businesses to seamlessly grow beyond geographies while adhering to international regulatory compliance, Tata says. It allows companies and their clients to connect across varied channels ranging from social media to web browsers to mobile applications and company websites.
10 Aug 2022
The number of consumers availing themselves of the “buy now, pay later” (BNPL) payment scheme will surpass 900 million globally by 2027, up from 360 million this year, according to a new report. This growth of over 150% will be driven by the increase in demand for low-cost credit solutions on the back of the expected economic downturn, says Juniper Research.
10 Aug 2022
Presenting the winners of The Asset Triple A Islamic Finance Awards 2022 – best deals
9 Aug 2022
MUFG Bank has announced the completion of a US$1.1 billion syndicated social loan facility for HDFC, one of India’s leading housing finance providers. The Japanese bank is one of the mandated lead arrangers and bookrunners for the deal, which also marks its first social loan in India.
8 Aug 2022
Singapore’s three homegrown banks reported resilient earnings over recent weeks, buoyed in part by rising interest rates. A common thread which passed without much fanfare in all their reports is the growing capital committed to environmental, social and governance (ESG) and sustainable financing, and their efforts towards achieving net zero.
8 Aug 2022
Wealth
Allianz Global Investors has appointed Alex Bibani as senior portfolio manager to further strengthen its thematic equity team.
17 Aug 2022
HSBC Asset Management has launched a fund that invests in a diversified portfolio of short-term renminbi-denominated money market instruments to help Hong Kong investors manage liquidity, interest rate and credit risks.
17 Aug 2022
The Asset board of editors announces the winners of the Best Subcustodian Awards for North Asia, Asean/Australia, Middle East, and South Asia as part of The Asset Triple A Sustainable Investing Awards for Institutional Investor, ETF, and Asset Servicing Providers 2022.
16 Aug 2022
The Asset announces the winners of the Best Fund Administrator Awards as part of The Asset Triple A Sustainable Investing Awards for Institutional Investor, ETF, and Asset Servicing Providers 2022.
15 Aug 2022
Phillip Securities, the brokerage and wealth management arm of PhillipCapital, has launched the first robo service in Singapore to offer a portfolio that invests entirely in US stocks, giving clients direct ownership of the underlying portfolio stock holdings.
15 Aug 2022
T. Rowe Price has appointed Tina Siu as director of institutional business for Hong Kong, Taiwan and Macau, effective August 8. Based in Hong Kong, Siu is responsible for developing and managing institutional client relationships in the markets.
15 Aug 2022
Increasing demand by new generation of digital savvy UHNWIs who prefer greater portfolio control
15 Aug 2022
The Asset board of editors announces the winners of the Best Domestic Custodian Awards as part of The Asset Triple A Sustainable Investing Awards for Institutional Investor, ETF, and Asset Servicing Providers 2021.
11 Aug 2022
Navigator Investment Services, an investment platform under Singlife with Aviva, has ramped up its operations and management strength with the appointment of senior executives from the regional banking and technology industries.
11 Aug 2022
Announcing the winners of the Best in Corporate Trust Awards of The Asset Triple A Sustainable Investing Awards for Institutional Investor, ETF, and Asset Servicing Providers 2022.
11 Aug 2022
Asia Connect
Broad Reach Power has closed a US$160 million project financing for 17 operating battery energy storage systems in Texas and one in California.
17 Aug 2022
Saudi Arabian Oil Company (Aramco) has signed a memorandum of understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec) covering multiple areas of potential collaboration between the parties in Saudi Arabia.
17 Aug 2022
Chinese manufacturers continue to dominate the Latin American electric bus market, with BYD having won cumulative orders to supply over 1,000 units of pure-electric buses to the capital of Colombia, Bogota. Under the Green Movil project, local currency loans equivalent to US$150 million will be extended by Proparco and Financiera de Desarrollo Nacional (FDN) to two special purpose vehicles jointly owned by Colombian business group Fanalca and international public transport operator Transdev.
17 Aug 2022
Saudi Electricity Company (SEC) has signed a US$567.5 million export credit agency (ECA) facility for its Saudi Arabia-Egypt electricity interconnection project. It has also secured a syndicated facility amounting to US$3 billion for refinancing.
17 Aug 2022
Singapore-based conglomerate Keppel Group is investing €305 million (US$314.38 million) to acquire a 50.01% stake in a special purpose vehicle (SPV) that holds 50% of Borkum Riffgrund 2 (BKR2), an offshore wind farm in Germany.
12 Aug 2022
Masdar Azerbaijan Energy (MAE) has signed a US$114.2 million loan for its 230-megawatt solar power plant near the Alat settlement in Azerbaijan. Asian Development Bank and European Bank for Reconstruction and Development are providing US$21.4 million each. This is ADB’s first renewable energy project in Azerbaijan. The rest of the fund is coming from Japan International Cooperation Agency and Abu Dhabi Fund for Development.
10 Aug 2022
Genser Energy, a US-based integrated energy services provider operating in West Africa, has completed a US$425 million financing, comprising US$325 million syndicated senior loan facilities and a US$100 million mezzanine loan facility. The transaction provides funding to refinance existing facilities, and broaden the operations of Genser Energy Ghana Limited (GEGL), including an expansion of its existing gas pipeline network with a 100-kilometre trunk line to Kumasi, Ghana's second largest city, the development of a gas processing plant with 200 million standard cubic feet per day capacity in Prestea, and the expansion of a natural gas liquid (NGL) storage terminal at the Takoradi Port.
10 Aug 2022
Hitachi Energy has won a major order from TenneT and TransnetBW, two of Germany’s four transmission system operators, to supply a transmission solution for the Suedlink DC4 high-voltage direct current (HVDC) interconnection between the north and south of the country. SuedLink DC4 will play a crucial role in Germany’s energy transition, enabling a reduction in the use of fossil fuels and helping the country achieve carbon neutrality by 2045.
10 Aug 2022
Renewable energy provider Elawan Energy has closed a €250 million (US$254.92 million) debt financing for a 440-megawatt portfolio of nine photovoltaic plants currently under development in the Castilla-La Mancha region of Spain.
10 Aug 2022
Apex Clean Energy has refinanced and expanded its corporate debt facilities, to provide additional capital and flexibility for future growth. Eight banks are providing US$650 million of debt capital, through a US$450 million senior secured green term loan facility and a US$200 million senior secured green revolving letter of credit facility.
10 Aug 2022
Energias de Portugal (EDP) ​​is selling its 50% stake in the US$560 million San Gaban III hydroelectric project in Peru to China Three Gorges (CTG). The Chinese state-owned power firm already owns the other 50% of San Gaban, and will become the sole shareholder of the 206-megawatt hydroelectric facility.
10 Aug 2022
On The Move
Allianz Global Investors has appointed Alex Bibani as senior portfolio manager to further strengthen its thematic equity team.
17 Aug 2022
Aveline San has 25 years of experience in banking with deep understanding of the region
17 Aug 2022
T. Rowe Price has appointed Tina Siu as director of institutional business for Hong Kong, Taiwan and Macau, effective August 8. Based in Hong Kong, Siu is responsible for developing and managing institutional client relationships in the markets.
15 Aug 2022
Hg Exchange (HGX), a Singapore-headquartered private securities exchange, has appointed Lawrence Wong as chairman of the board, effective August 1.
15 Aug 2022
Navigator Investment Services, an investment platform under Singlife with Aviva, has ramped up its operations and management strength with the appointment of senior executives from the regional banking and technology industries.
11 Aug 2022
Apex Group has launched its global compliance solutions in Singapore, and appointed Stefan Ho as head of the team.
10 Aug 2022
Franklin Templeton has appointed Yu Qing as managing director and head of China. In her newly created role, Yu will be responsible for providing overall leadership and strategic direction for the firm’s mainland China business and building a multi-faceted asset management business, focusing on public investment solutions.
10 Aug 2022
Sandeep Pahwa has 30 years of global investment banking experience
5 Aug 2022
The Hong Kong and Shanghai Banking Corporation (HSBC) has appointed Shayan Hazir as chief digital officer, Asean, effective August 8.
4 Aug 2022
Real estate services firm Cushman & Wakefield has appointed Rosanna Tang as head of business development services, Hong Kong, effective August 1.
1 Aug 2022
DBS has appointed Lim Chu Chong as president director of PT Bank DBS Indonesia (DBS Indonesia), succeeding Paulus Sutisna, subject to regulatory approval. Lim is currently chief operating officer of the bank’s institutional banking group (IBG). In his new role, Lim will be part of DBS’ group management committee.
1 Aug 2022