Investments

Four top investment themes for growth & income opportunities in Asia according to HSBC

“We see promising secular growth opportunities in India and ASEAN, riding on the structural tailwinds from strong foreign and domestic private investments, young demographics, the technology boom, and green transformation," James Cheo, Chief Investment Officer, Southeast Asia and India, Global Private Banking and Wealth, HSBC said.

HSBC: Malaysia to benefit from the green shoots of recovery from global electronic cycle

“Malaysia’s economy should remain healthy this year powered by resilient consumer and investment spending. The positive fillip for Malaysia’s economy will come from the nascent recovery of the global electronic cycle and the resumption of global tourism travel,” James Cheo, Chief Investment Officer, Southeast Asia and India, Global Private Banking and…

South Korea maps out $470B plan to build chipmaking hub – report

The government on Monday outlined a blueprint involving investment of 622 trillion won from the private sector in the years leading up to 2047.

Tikehau Capital and Nikko Asset Management form strategic partnership in Asia

Tikehau Capital, a global alternative asset management group, and Nikko Asset Management, one of Asia’s largest asset managers, have entered into advanced discussion to form a business and capital alliance. The contemplated strategic partnership would involve Tikehau Capital and Nikko Asset Management entering into distribution agreements in Japan and…

Queensland Investment Corporation sets up Singapore office to boost partnerships across Asia

Queensland government-owned investment firm Queensland Investment Corporation (QIC) has expanded its international presence with a new Singapore office established to support a greater focus on Asian-based institutional investors.

TikTok mulls investing in Indonesia’s GoTo to revive online shop – report

Indonesia is also among the first countries in Southeast Asia to push back against TikTok. Following the Indonesia restrictions, nearby Malaysia also said it is studying the possibility of regulating TikTok and its e-commerce operations.

COMEUP 2023 opens in Seoul, aims to become a truly global event

COMEUP 2023 will be held at Dongdaemun Design Plaza in Seoul, South Korea from Nov 8 to 10, and will also be available online, through a livestream.

Saudi Arabia’s NEOM Investment Fund invests $50M in Hong Kong’s Animoca Brands

Saudi Arabia-based NEOM Investment Fund will invest $50 million in Hong Kong-based gaming firm Animoca Brands. Animoca Brands has entered into a strategic partnership memorandum of understanding with NEOM Investment Fund to drive regional Web3 initiatives in line with the Saudi Vision 2030 plan.

East Ventures announces first healthcare fund of $30M

East Ventures, a venture capital firm in Indonesia and Southeast Asia, has on Wednesday announced the firm’s first healthcare-focused fund with the amount of $30 million, which is dedicated to supporting innovative healthcare solutions in Indonesia.

Vietnamese EV maker VinFast to expand into Southeast Asia, raising more capital – report

Southeast Asia has a lot of potential with governments looking to boost EV adoption with aggressive targets, VinFast Chief Executive Officer Le Thi Thu Thuy said.