Photo credit: Pixabay. The Monetary Authority of Singapore (MAS) continues to make it easier for investors to set up new funds and operate in the city-state. Today it announced it has opened a public consultation on a new corporate structure for investment funds. People can submit their comments on a number of questions posed in the consultation paper. At the moment, investment funds in Singapore use three types of legal structures: unit trusts, entities formed under Singapore’s Companies Act,...
AIRBNB, the home rentals website, said yesterday that it would double its investment in China, triple its workforce there and change its name to “Aibiying” in Chinese.   Airbnb CEO Brian Chesky said the name, which translates to “Welcome each other with love,” reflected the company’s commitment to succeeding in the country.   “There’s a whole new generation of Chinese travelers who want to see the world in a different way,” Chesky sa...
CHINA is expected to introduce its first regulation on overseas investment this year. The regulation, initiated by the Ministry of Commerce and the National Development and Reform Commission, will guide investment in other countries and regions, while identifying the industries that the government will encourage or ban. As the first regulation on overseas investment, it will integrate existing rules and define overseas investments, approval procedures, financing, profit sharing and tax poli...
I've never taken much interest in chess, playing or watching it. Tech industry dealmaking chess, on the other hand, is fascinating. Take word (in the form of a deeply reported scoop Monday night by The Wall Street Journal's Rolfe Winkler) that Masayoshi Son's SoftBank crnjf has pulled out of an investment that would have valued Andy Rubin's new company, Essential Products, at more than $1 billion. A scorecard might be necessary here, so let me try to unpac...
Whale watching in Akureyri Fjord, Iceland is just one of thousands of tours and activities people can find via PlacePass, a metasearch platform for tours and activities. Zeb Goodman / PlacePassSkift Take: It seems like everyone in hospitality (and travel in general) is looking at the tours and activities space these days. — Deanna TingMarriott International wants to connect its loyalty members to even more in-destination experiences, and to do that, it has made an equity investment in a tour...
China this year may publish rules on outbound investment by Chinese firms that would spell out the sectors in which investing is encouraged and those where it is restricted, state media reported on Tuesday. In recent months, Chinese regulators have clamped down on outbound deals as part of efforts to stem rising capital outflows that have contributed to a weakening yuan. Chinese Commerce Minister Zhong Shan said on March 11 that a small number of Chinese companies had invested overseas “bl...
Goldman Sachs, known for advising the world’s richest and most powerful, is building a so-called robo-adviser geared to mass affluent customers, according to a job listing posted Monday on the bank’s website. A Goldman spokesman declined to comment. The job posting for employees to help build the platform comes as Goldman gs is looking at ways to broaden its customer base outside the super wealthy, including making deeper inroads into new consu...
Chinese technology giant Alibaba baba is investing 1 billion yuan ($145 million) in mobile gaming distribution, a new area for chairman Jack Ma‘s expanding digital empire. The Hangzhou-based company will be using the funds to work with mobile gaming firms to take games developed in China to an international audience, CNBC reports. Bridging the gap between China and the rest of the world could be a challenge even for Alibaba, according to CNBC, as it ...
ASIA-PACIFIC cities have some way to go to match their European and North American counterparts regarding intensity of investment even though they are increasingly sought-after real estate investment destinations, said a report released by property service provider JLL. Only four cities in the region — Sydney, Melbourne, Hong Kong and Tokyo — managed to inch into the top-30 list, which ranks cities around the world by measuring the volume of direct commercial real estate investme...
IN THE world of investing, everyone is always looking for a better mousetrap—a way to beat the market. One approach that is increasingly popular is to select shares based on specific “factors”—for example, the size of companies or their dividend yield. The trend has been given the ugly name of “smart beta”.A recent survey of institutional investors showed three-quarters were either using or evaluating the approach. By the end of January some $534bn was invested in smart-beta exchange...
Livongo’s meter connects through mobile networks to upload a patient’s data for analysis and sharing. Photo credit: Livongo. EDBI, the investment arm of Singapore’s Economic Development Board, announced today it has joined a US$52.5 million funding round in California-based Livongo, a health tech startup that creates products for chronic disease patients. Described as a “growth round,” it is co-led by US-based venture capital firm General Catalyst and Sweden-headquartered inves...
IT'S A DELICIOUS IRONY: Thanks to President Trump's tough talk on trade, U.S. relations with China are as tricky as they have been in years. Meanwhile, America has never looked so good to Chinese companies. In 2016, according to economic research firm Rhodium Group, China's foreign direct investment in the U.S. soared to $45.6 billion--triple the total from the year before. (The five biggest acquisitions are noted above.) And a strong pipeline of deals awaiting regulatory approval means the tren...
CHINA'S investment in property development continued to rise in the first two months of this year, official data showed Tuesday. Investment in real estate development grew 8.9 percent year on year in January and February, 2 percentage points faster than the overall growth rate of 2016, according to the National Bureau of Statistics (NBS).
Mobile operator Vodafone vod will create 2,100 new customer service jobs across Britain in the next two years as part of an investment drive to improve operations in its home market. The world’s second biggest mobile operator, which competes with BT’s EE, Telefonica’s O2 and Hutchison’s Three in Britain, has been struggling in the market with a move to a new billing system disrupting subscriber additions. It has also slipped behind ...
President Trump cheered on ExxonMobil’s Monday announcement that it would invest in manufacturing projects in the U.S. Exxon said it would expand manufacturing in Texas and Louisiana with planned investments of $20 billion over a 10-year period. The investments began in 2013 and will continue through 2022, Exxon said in a statement. Trump heaped praise on the gas and oil giant -- most recently run by Secretary of State Rex Tillerson -- for promoting job growth in the U.S. “This is ex...
Photo credit: thanomphong / 123RF. Malaysian government-owned Cradle Fund, a key influencer in the nation’s startup scene, has unveiled a new investment product which will make direct equity investments in early-stage startups. DEQ800 is a step away from Cradle’s role as co-investor and marks its continuous move from grants towards equity investing. The goal is to wean startups off public grants. Cradle has allocated a total of US$1.8 million for DEQ800, which will inject between US$67,000 a...
NBCUniversal has made a number of significant investments in digital media over the past year or so by buying stakes in companies like BuzzFeed and Vox. But on Thursday, it made what could be one of its biggest--and most risky--bets ever by buying shares in Snap Inc. The Comcast subsidiary cmcsa spent a total of $500 million for a stake in the newly public video-messaging startup, an investment first disclosed by CNBC’s Andrew Ross Sorkin. Snap launc...
FinanceFeeds - The Cyprus Securities and Exchange Commission (CySEC) is apparently taking a closer look at the activities of Cyprus Investment Firms (CIFs). Shortly after the regulator published its proposals for new rules governing the provision of binary options services by CIFs, it is now seeking to tighten its oversight on the provision of services by investment firms in third countries. In a Circular, out today, CySEC addresses the issue of CIF’s freedom to provide investment and anc...
Fidelity Investments said on Tuesday it cut the price on trades for stocks and exchange-traded funds by 38% for retail brokerage clients. Boston-based Fidelity’s price reduction to $4.95 from the previous commission of $7.95 a trade, will likely put pressure on the rest of the U.S. brokerage industry. Fidelity’s price offers a discount of more than 50% when compared with some rivals. “It puts the flag up that Fidelity is the value player in investing,” said Ram Subramania...
OMAHA, Neb. — Billionaire Warren Buffett used his much anticipated annual letter to Berkshire Hathaway shareholders to reiterate his wariness of high Wall Street fees and his positive outlook for the U.S. economy. Buffett devoted a section of the letter released Saturday to again explain the benefits low-cost index funds have over most other investments. But he kept the letter focused on business and didn’t weigh in on politics. He said he estimates that wealthy investors who use hig...