|
Editor's noteFund formation and FinTech: Singapore’s next battles - Roundtable Singapore was rainforest, fringed by mangrove swamps, with about 150 people when the British acquired it as a colony in 1819. It soon thrived as a trading city because it lay sheltered from storms, right at the bottleneck where ships passed from the Pacific to the Indian Ocean. In 1965, when it became independent, Singapore had almost 2 million people, crowded slums, negligible natural resources, and an economy dependent on shipping. But Singapore’s one-party government used this sense of crisis to build a wealthy, modern city by using strict controls. They lowered the birth rate, moved nine of ten Singaporeans into new high-rise condominiums, and developed new banking and manufacturing business while expanding shipping even more. By 2015, Singapore had about 5.6 million people and a high standard of living. Its GDP per capita is ranked 3rd in the world, only behind Qatar and Luxembourg. Singapore has the world's highest percentage of millionaires, with one out of every six households having at least one million US dollars in disposable wealth. This excludes property, businesses, and luxury goods, which if included would increase the number of millionaires, especially as property in Singapore is among the world's most expensive. Fund formation and FinTech: Singapore’s next battles Singapore’s economy is diversified, with financial services, manufacturing, oil-refining as top contributors. For many years, Singapore was, from a cost and regulatory perspective, the perfect Asian hub for fund startups. However today, the traditional Singapore package of First World operating and living environment at 40% of London costs with a chance to keep a much bigger part of the top-line after tax, is not really the case anymore. Today, all the countries – including Singapore – are subject to the same regulatory and economic pressure, which means that cost of doing business increase and regulatory requirements are high. This leads to a structural change in the industry... Download the new Opalesque Singapore Roundtable here: www.opalesque.com/RT/RoundtableSingapore2016.html News:
Services
Temasek to buy CCB sharesFrom Straitstimes.com: Temasek Holdings will take up Bank of America's entire entitlement in China Construction Bank's rights issue, a spokesman for the Singapore state investor said on Thursday. (more...) Email Add Comments More stories about: Investment, Market
Temasek to invest in US gamesFrom Straitstimes.com: Temasek Holdings is making a play for a slice of the booming online gaming business. The sovereign fund is heading a consortium of investors set to pump US$60 million (S$77 million) into United States-based online gaming studio Gazillion Entertainment. (more...) Email Add Comments More stories about: Investment
Khazanah said to sell MAHB sharesFrom Btimes.com.my: Khazanah Nasional Bhd, Malaysia’s state investment company, is selling a 6 per cent stake in Malaysia Airports Holdings Bhd for RM396 million (US$128 million), two people with knowledge of the matter said. (more...) Email Add Comments More stories about: Financials, Investment, Market
Norway caps junk-graded debt as wealth funds grow more cautiousFrom Bloomberg: Norway’s government will require the country’s $520 billion oil fund to limit investments in junk- rated debt amid growing concern peripheral Europe’s fiscal crisis may be escalating. (more...) Email Add Comments More stories about: Asset Allocation, Investment, Trends
Norway sovereign fund gets junk bond limitFrom Pionline.com: Norway’s Government Pension Fund-Global, Oslo, will face a limit of 3% of all fixed-income assets on the fund’s investment in bonds rated below investment grade, effective Jan. 1, the Norwegian Ministry of Finance announced Wednesday. (more...) Email Add Comments More stories about: Asset Allocation, Trends
Kazakh bank Halyk to repurchase state shares in H1From Reuters: Halyk Bank, Kazakhstan's No.2 lender by assets, plans by the end of the first half of 2011 to repurchase shares acquired by the state during the financial crisis last year. Kazakh sovereign wealth fund Samruk-Kazyna bought a 26.8 percent stake in Halyk in 2009 as part of a government anti-crisis programme. (more...) Email Add Comments More stories about: Financials, Market
Revisiting Kazakhstan: An economic approach beyond petroleumFrom Huffingtonpost.com: While negotiating with foreign banks, Kazakhstan set up the National Welfare Fund (Samruk-Kazyna), a domestic type of sovereign wealth fund. It is not the typical sovereign wealth fund of oil producing countries; it is closer to the French model that focuses on domestic investments and initiatives. (more...) Email Add Comments More stories about: Market, Trends
ADIA links up to take over Port of BrisbaneFrom Thenational.ae: Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, has joined US and Australian funds to buy the Port of Brisbane from Australia's Queensland government for A$2.1 billion (Dh7.71bn). (more...) Email Add Comments More stories about: Investment, Market
Kuwaiti MPs may question finance minister over Zain stake saleFrom Bloomberg: Kuwaiti opposition lawmakers said they may question Finance Minister Mustafa al-Shimali over the Kuwait Investment Authority’s handling of the sale of a stake in Mobile Telecommunications Co., known as Zain, to Etisalat. (more...) Email Add Comments More stories about: Compliance/Regulation/Legal, Financials, Investment
China Investment Corporation’s first subsidiary appears in Hong KongFrom Eeo.com.cn: A source close to China Investment Corporation’s (CIC) first overseas investment subsidiary—China Investment International (Hong Kong) Co., Ltd. (hereinafter referred to as CIC International)—said that the subsidiary formally started business operations. (more...) Email Add Comments More stories about: Fund Management/Administration, Market
BAI Alternative Investor Conference 2023 (BAI AIC) April 23-24BAI Alternative Investor Conference 2023 (BAI AIC) April 23-24 With Pre-Event on Law & Regulation on April 22, 2024 - Kap Europa, Frankfurt The German Association for Alternative Investments (BAI) is hosting the conference for institutional investors and the AI industry. Attendees can expect a varied program with highly topical and entertaining presentations as well as panel discussions on topics including Infrastructure, ESG, the current interest rate phase, Private Equity and much more. In the evening of April 23, a get-together will take place in the Gesellschaftshaus at Frankfurt Zoo. The mind reader Thorsten Havener will give a keynote speech here.
The keynote speakers at this year's AIC include:
Further information and registration: https://www.ai-conference.com/en/
Or contact Bundesverband Alternativer Investments (BAI)
GAINING THE EDGE - GLOBAL CAP INTRO VIRTUAL CONFERENCE June 17-28Record Attendance expected: Your invitation to the 5th GAINING THE EDGE Virtual Cap Intro June 17-28
Agecroft Partner's 5th GAINING THE EDGE will be the largest virtual cap intro event for the remainder of the year. Investors register here: https://gainingtheedge.wufoo.com/forms/z5fxojr18lq3k2/ Exclusive Registration Benefits For Managers: Grab Your $3,478 Goodie Bag
Why GAINING THE EDGE Stands Apart:
Act now: Bonus gifts valued at $3,478 only available to registered managers of the 2024 GAINING THE EDGE conference. Secure your spot here: GAINING THE EDGE Registration for managers.. Investors register here: https://gainingtheedge.wufoo.com/forms/z5fxojr18lq3k2/
|
In an exclusive interview with Opalesque TV, the founding partners of The Ambrus Group unveil a groundbreaking strategy that is redefining tail risk hedging. Unlike traditional approaches that bleed i...
The Bahamas' Pioneering Legal Groundwork for Digital Assets Industry Roundtable & Interactive Webinar with Christina R. Rolle, Executive Director, Securities Commission of The Bahamas In a previous Opalesque Roundtable we examined how "tiny" Bahamas was able to beat global giants in the Central Bank Digital Currencies (CBDC) race when in 2019 it launched its "sand dollar" - a digital version of the Bahamas Dollar and controlled by the central bank - effectively beating China's "digital renminbi" by six months. Pric
Search through archives of over 407,266 articles.
ISSN Number: 1450-1953
Opalesque Ltd.
+49-89-2351 3055 This newsletter is overseen by Shailaja for Opalesque Ltd. For more information about me and Opalesque Ltd. please use this link. Did you know? Opalesque has a great newsletter archive - use this link. |
Disclaimer: The information contained in this newsletter does not constitute an offer or solicitation to sell any security or fund to or by anyone in any jurisdictions, nor should it be regarded as a contractual document. Under no circumstances should the information provided on this newsletter be considered as advice for any investment, or as a sufficient basis on which to make investment decisions. The information contained herein has been gathered by Opalesque Ltd. from sources deemed reliable as of the date of publication, but no warranty of accuracy or completeness is given. Opalesque Ltd. is not responsible for and provides no guarantee with respect to any of the information provided herein or through the use of any hypertext link. Past results are no indication of future performance. All information in this newsletter is for educational and informational purposes and does not constitute investment, legal, tax or accounting advice. |