Ben has worked in Asia and the Middle East for 20 years developing data-rich strategies and tapping specialist networks to help clients track the region’s fast changing markets. Mandarin and Arabic speaker. Leading expert on the region’s emerging commercial opportunities. He previously worked as chief China economist at RBS and senior China economist at JPMorgan based in Hong Kong. Started career in Beirut in the 1990s as a management consultant. Later joined Dun & Bradstreet based in London as the…
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The October updates in Mainland China are described below: – Tax data shows a rapid rebound in service consumption during the National Day holiday – China sets up national fintech certification center in Chongqing – Announcement of the General Administration of Customs on Promulgation of the Decision on Commodity Classification for 2020 – Facilitation Measures Regarding the Renewal and Reissuance of Hong Kong and Macao Residents Entry and Exit Permits – Notice on Issuance of the Implementation Measures on the…
A NEW team heading one of Guernsey’s biggest financial services companies is helping turn around a financial loss – after ‘shortcomings’ in its acquisition strategy and organisational structure. PraxisIFM chairman Andrew Haining noted how the senior management team, led by Rob Fearis – in place since early 2020 – had quickly drawn lessons from the previous three years and implemented a ‘considerable number of changes’. The measures should see a significant improvement in profit and cash conversion during 2020 and…
53 By The Sea, a Hawaiian restaurant run by TAKAMI BRIDAL (Headquarters: Shimogyo-ku, Kyoto, Representative Director Shigemitsu Takami), a comprehensive bridal company that produces high-quality weddings such as domestic and overseas weddings and wedding dresses. (Fifty Three by the Sea) won the first prize in the seafood category of the dining category of 111-HAWAII AWARD 2020 for the second consecutive year. At the same time, it won the second place in the bar / lounge / club category, and won a…
AIA China has been granted approval by the China Banking and Insurance Regulatory Commission to open a new branch in Sichuan. This will be AIA China’s first new branch since the inauguration of the wholly-owned life insurance subsidiary in July 2020, the Hong Kong-based AIA Group (1299) said. “We are delighted to receive approval to prepare for AIA’s first branch in Western China,” AIA Group chief executive and president Lee Yuan Siong said. https://www.thestandard.com.hk/breaking-news/section/2/158419/AIA-China-to-open-Sichuan-office
Top Glove Corp Bhd announced its annual rubber glove production capacity had reached 90 billion pieces as at October 2020 as the Covid-19 pandemic led to robust demand for its products to curb the spread of the outbreak. Top Glove said in its latest update on its website that its current glove production capacity involves 750 equivalent single former lines across 36 glove factories. Executive Chairman Tan Sri Lim shared with PBEC that a RM10 billion capex allocation for FY21…
Shares in Pelangi Publishing Group Bhd rose to its highest in seven months following a privatisation offer from its controlling shareholders. The textbook publisher rose 19.23%, or five sen to 31 sen, highest in seven months. The controlling shareholder, Datuk Sum Kown Cheek, who is also the company’s executive chairman and managing director, has written to Pelangi’s board of directors to notify his intention to take the company private via capital repayment of 36.5 sen per share. https://www.thestar.com.my/business/business-news/2020/10/05/quick-take-pelangi-shoot-up-19-on-privatisation-offer
Raffles Family Office, a Hong Kong-based wealth management firm, has signed a three-year partnership with Juventus, the famed Italian football club. The agreement means the family office will be the Juventus’ regional partner in Asia across five markets, including China, Hong Kong and Singapore. https://www.internationalinvestment.net/news/4020206/raffles-family-office-partners-italian-football-club
It was two years ago in July that Bank of Asia officially launched in the British Virgin Islands (BVI) after being granted the banking licence by the British Virgin Islands Financial Services Commission. As the BVI’s first and only bank serving global customers via digital devices, the mission since then has remained simple – to help transform the banking landscape. Reflecting on the journey of building Bank of Asia and looking forward, the Founder and Chairman Carson Wen, shared his…
The Henley Passport Index is the original and most authoritative ranking of all the world’s passports according to the number of destinations their holders can access without a prior visa. The index includes 199 passports and 227 travel destinations, giving users the most extensive and reliable information about their global access and mobility. With historical data spanning 15 years and regularly updated expert analysis on the latest shifts in passport power, the index is an invaluable resource for global citizens…