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Global investment in the low-carbon energy transition totalled US$1.1 trillion in 2022 – a new record and a huge acceleration from the year before – as the energy crisis and policy action drove faster deployment of clean energy technologies, according to a new report. In another first, investment in low-carbon technologies appears to have reached parity with capital deployed in support of fossil fuel supply, research firm BloombergNEF (BNEF) says in its Energy Transition Investment Trends report.
27 Jan 2023
Global financial technology firm Broadridge Financial Solutions has launched a new environmental, social and governance (ESG) disclosure and data analytics comparison tool. Called ESG Analyser, the new web-based ESG disclosure and data analytics benchmarking tool promises to deliver timely, high-quality, cost-effective, transparent data and insights.
27 Jan 2023
Six decades after the green revolution began, the rise of robotics and artificial intelligence may usher in another agricultural transformation. By enabling farmers to grow more while using fewer resources and generating less waste, these tools could make food more sustainable, accessible and cheaper to produce
26 Jan 2023
Margin rachet will move according to annual performance of agribusiness, KPIs
16 Jan 2023
Bonds via private placement can be offered to no more than 10 investors per issuance
16 Jan 2023
Far from being a short-term trend, sustainable investing is set to become a long-term growth story for the Asia-Pacific region, a new report finds. Other than banks, insurers and digital advisers are also likely start onboarding environmental, social, and governance (ESG) products on their shelves this year, bolstered by strong demand from wealthy investors, Cerulli Associates says. Three-quarters of distributors in Asia ex-Japan said in a survey that high-net-worth and ultra-high-net-worth clients are driving sustainable investments in the region, although some mass retail investors have also “shown interest” in ESG products, Cerulli says. While net flows into locally-domiciled ESG funds plunged to US$2.3 billion during the first half of 2022, or just a little over 7% of the total amount raised during 2021, Cerulli says it does not expect ESG investing to fall out of favour in the region. The below-average numbers from the first two quarters of 2022 can be attributed to regulatory initiatives across the region that aims to address greenwashing. Challenging market conditions also had an effect on lower capital deployed to ESG products during the period. Distribution deals Leena Dagade, Cerulli’s Singapore-based associate director, says research also indicates that over the long term, most funds will be ESG-integrated already, and innovation will instead take place in sustainability-themed strategies. “As the number of ESG products increases, positioning of fund ideas and marketing will need to be more focused to gain investors’ interest, while there should be continued dialogue with distribution partners to educate them about ESG and thematic investing,” Degade adds. Meanwhile, in terms of innovations in distribution models, Cerulli says some fund managers, particularly in Singapore and Hong Kong, are looking to gain a foothold by inking exclusive ESG product distribution agreements with local banks. This new distribution model will typically see banks exclusively distribute an asset management company’s product for a period of up to six months, Cerulli says, adding that the model means bank clients have exclusive access to some products. On the other hand, Cerulli says asset managers in Taiwan and Singapore are looking to tie up with insurance companies to distribute their ESG products. Digital advisers The firm has also noticed a rise in digital advisers expanding their offerings to include sustainability-themed investments. Since digital advisers typically cater to retail investors with small investable funds, these types of partnerships allow fund houses to experiment with bundling sustainability-linked products with low-cost offerings. An example of a digital adviser branching out to ESG products is StashAway, which introduced two new products in February 2022 – the Environment and Cleantech Thematic Portfolio and the Responsible Investing (RI) Portfolio. Both portfolios are made up of exchange-traded funds (ETFs) from some of the world’s top fund managers, such as iShares (managed by BlackRock), Amundi, ARK Invest, Global X, and VanEck. The products are currently available to StashAway clients in Singapore, Malaysia and the Middle East, as well as in Hong Kong and Thailand. In the same report, Cerulli says it is confident more APAC investors will allocate a portion of their assets to ESG funds as soon as markets stabilize. In turn, this will see more products registered in offshore markets like Singapore and Hong Kong.
16 Jan 2023
Digital tech can incorporate feeds from multiple data providers, multiple data types
16 Jan 2023
Sunny Optical Technology (Group) has priced its inaugural 3.5-year sustainability-linked bond offering amounting to US$400 million, the first such issuance by a Chinese corporate.
12 Jan 2023
High acceptance across age groups, environmental concerns, improved technology top reasons
11 Jan 2023
The Asset Talk
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TechTalk
Subsidiary of UK firm to offer online, mobile trading of globally listed shares, ETFs, futures, options
31 Jan 2023
Ian Hutchinson has over 15 years’ experience in fintech, M&A and insurance
31 Jan 2023
Fiserv, a Nasdaq-listed payment solutions provider, has received a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS). The licence, effective January 1 2023, allows the company’s local entity, First Data Merchant Solutions Private Limited, to provide merchant acquisition services as well as domestic and cross-border money transfer services under the Payment Services Act (PS Act) 2019.
31 Jan 2023
Singapore’s TransformHub chief talks trends, wonders about investor appetite
30 Jan 2023
Online, mobile not secondary channels or value-added services, often only customer experience
30 Jan 2023
Are Chinese technology firms seeing the light at the end of the tunnel? The answer is a probable yes, based in part on the stock performance of the country’s tech giants so far in 2023. Having endured several years of regulatory oversight, including the restructuring of business processes and pressure to be transparent about how they use customer data, Chinese tech firms are seeing a change of approach from policymakers.
27 Jan 2023
Six decades after the green revolution began, the rise of robotics and artificial intelligence may usher in another agricultural transformation. By enabling farmers to grow more while using fewer resources and generating less waste, these tools could make food more sustainable, accessible and cheaper to produce
26 Jan 2023
SWIAT blockchain platform focuses on standardizing real-time settlement, trading of data, assets
26 Jan 2023
Trade and Supply Chain Connect (TASConnect), a bank-agnostic supply chain finance platform owned by Standard Chartered Bank, has chosen TransformHub, a digital solutions provider based in Singapore, to support its growth ambitions across Southeast Asia.
26 Jan 2023
Bitcoin (BTC), the bellwether of the cryptocurrency market, will peak at US$29,095 in 2023 before dropping to US$26,844 by the end of the year, a new report forecasts.
26 Jan 2023
Hong Kong-based payment platform YedPay is expanding into Southeast Asia with the signing of three separate partnerships. YedPay has partnered with Thailand-based Venture Cap, an ASL Securities subsidiary, China UnionPay unit Easylink, and the Hong Kong Polytechnic University.
20 Jan 2023
Treasury & Capital Markets
The Central American Bank for Economic Integration (CABEI) has issued a 10-year blue bond amounting to 7 billion yen (US$53.7 million) and a 10-year social bond worth US$130 million to Japanese and Taiwanese institutional investors.
31 Jan 2023
Fiserv, a Nasdaq-listed payment solutions provider, has received a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS). The licence, effective January 1 2023, allows the company’s local entity, First Data Merchant Solutions Private Limited, to provide merchant acquisition services as well as domestic and cross-border money transfer services under the Payment Services Act (PS Act) 2019.
31 Jan 2023
A resurgent tourism sector, along with its expected positive impact on domestic consumption, has raised the outlook for Thailand’s stock market this year, making it a top pick in the Asean region. Contributing to this upbeat sentiment is the performance of the country’s initial public offering (IPO) market, which raised a robust 127.84 billion baht (US$3.91 billion) in 2022, the highest in the region.
31 Jan 2023
Are Chinese technology firms seeing the light at the end of the tunnel? The answer is a probable yes, based in part on the stock performance of the country’s tech giants so far in 2023. Having endured several years of regulatory oversight, including the restructuring of business processes and pressure to be transparent about how they use customer data, Chinese tech firms are seeing a change of approach from policymakers.
27 Jan 2023
As we enter the last full trading week of January, it is just me or is credit market sentiment in a better place than it was as we headed into the year-end break? And has the overall tone improved as the year has progressed? It certainly feels that way and it’s almost a little odd. Everyone had gone into the end of 2022 feeling rather gloomy because it’d been a long year and constantly trying to factor in the impacts of so many economic and geopolitical headwinds that had made markets volatile and uncertain was just exhausting.
26 Jan 2023
Trade and Supply Chain Connect (TASConnect), a bank-agnostic supply chain finance platform owned by Standard Chartered Bank, has chosen TransformHub, a digital solutions provider based in Singapore, to support its growth ambitions across Southeast Asia.
26 Jan 2023
Hong Kong-based payment platform YedPay is expanding into Southeast Asia with the signing of three separate partnerships. YedPay has partnered with Thailand-based Venture Cap, an ASL Securities subsidiary, China UnionPay unit Easylink, and the Hong Kong Polytechnic University.
20 Jan 2023
Dah Sing Bank and Sun Life have signed an exclusive 15-year bancassurance partnership in Hong Kong.
20 Jan 2023
Financial industry players must step up collaboration towards a more efficient system of data exchange and management through the use of new technologies to exploit and connect massive amounts of information to produce new insights across firms and markets, a new report says. The Depository Trust & Clearing Corporation (DTCC), a New York-based post-trade services provider, calls for open-source data standards, which will allow more users to get access to broader data more easily and put them to use much faster.
19 Jan 2023
Wealth
China’s venture capital and private equity market went through a difficult 2022 with a drop in the number of new funds and overall subscription size. Internet, real estate and consumption were the top three sectors that saw the largest decrease in VC/PE investment. But VC/PE’s penetration rate in Chinese initial public offerings rose last year, with leading players getting more IPO deals.
31 Jan 2023
Johanes Oeni has 31 years of wealth management experience
31 Jan 2023
Wealth manager’s office in ‘gateway to Greater China’ combines digital, advisory
31 Jan 2023
Clients are demanding more intuitive technology and broader services from their private banking and trust providers. And as such, these organizations require greater economies of scale to invest in enhancing their offerings. More than two-thirds (68%) of private bank and bank trust executives are actively considering merger and acquisition (M&A) opportunities to grow and adapt their businesses, according to the latest Cerulli Edge – US Asset and Wealth Management Edition.
30 Jan 2023
Increasing shareholder activism is expected to play a crucial role in sustainable investing in 2023 as investors and asset managers become more resolute in pushing corporate and financial institutions to achieve sustainability targets, according to Federica Calvetti, head of ESG and strategic activism at Eurizon, the asset management unit of Italy’s largest financial group Intessa Sanpaolo.
30 Jan 2023
Global investment in the low-carbon energy transition totalled US$1.1 trillion in 2022 – a new record and a huge acceleration from the year before – as the energy crisis and policy action drove faster deployment of clean energy technologies, according to a new report. In another first, investment in low-carbon technologies appears to have reached parity with capital deployed in support of fossil fuel supply, research firm BloombergNEF (BNEF) says in its Energy Transition Investment Trends report.
27 Jan 2023
Global financial technology firm Broadridge Financial Solutions has launched a new environmental, social and governance (ESG) disclosure and data analytics comparison tool. Called ESG Analyser, the new web-based ESG disclosure and data analytics benchmarking tool promises to deliver timely, high-quality, cost-effective, transparent data and insights.
27 Jan 2023
BNY Mellon has launched a new outsourced trading offering for buyside institutions globally, including asset managers and asset owners, to enhance their operational and strategic efficiencies, and savings as well as accelerate their expansion.
27 Jan 2023
Asia Connect
NextDecade Corp, the developer of the Rio Grande LNG export project on the Brownsville Ship Channel in Texas, has signed a 15-year sale and purchase agreement (SPA) with Japanese trading house Itochu Corp.
1 Feb 2023
Globeleq, an Africa-focused power company, has completed a 1.2 billion rand (US$71 million) senior debt restructuring facility for a 31-megawatt solar power plant in South Africa’s Limpopo Province.
1 Feb 2023
The Asian Development Bank (ADB) and Nhava Sheva Freeport Terminal Private Limited (NSFTPL) have signed a US$131 million loan to upgrade the Jawaharlal Nehru Port Container Terminal in Navi Mumbai Maharashtra.
1 Feb 2023
Export-Import Bank of Korea and Riyad Bank are providing US$435 million in debt finance for a 320-megawatt cogeneration plant in Saudi Arabia. The project developer is Korea Electric Power Corporation (Kepco). Last September, South Korea’s Doosan Enerbility was awarded a turnkey engineering, procurement and construction (EPC) contract for the project.
1 Feb 2023
African power development company Ncondezi Energy has signed a land agreement with the government of Mozambique for a 300-megawatt hybrid solar project.
18 Jan 2023
A consortium of Japan‘s JGC Corporation and South Korea’s Samsung Heavy Industries has been awarded the engineering, procurement, construction, and commissioning (EPCC) contract for a nearshore floating liquefied natural gas (FLNG) project for Malaysian energy giant Petronas.
18 Jan 2023
German energy utility and developer RWE has chosen Siemens Gamesa as preferred supplier for its 1,000-megawatt offshore wind farm in Denmark.
18 Jan 2023
Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) and Riyadh-based mining company Maaden have agreed to establish a joint venture to invest in mining assets globally.
18 Jan 2023
The Inter-American Development Bank, through its private-sector arm IDB Invest, has signed an innovative refinancing facility to support the modernization of a multi-purpose port terminal in Peru.
11 Jan 2023
Rio Tinto and Chinese joint-venture partner Baowu Resources are moving closer towards final agreement on developing the vast Simandao iron ore project in the West African republic of Guinea.
11 Jan 2023
The Asian Infrastructure Investment Bank (AIIB) has approved a €250 million (US$268 million) loan to Egypt for the Alexandria-Abou Qir Metro Line Project.
11 Jan 2023
On The Move
Johanes Oeni has 31 years of wealth management experience
31 Jan 2023
Ian Hutchinson has over 15 years’ experience in fintech, M&A and insurance
31 Jan 2023
Vida Tandean brings long-standing expertise in private equity real estate investing in Asia
30 Jan 2023
BNP Paribas Asset Management has appointed Daniel Choong as chief executive officer for Malaysia, subject to regulatory approval. He succeeds Angelia Chin-Sharpe, who relocated to Singapore last August following her appointment as the firm’s Singapore CEO.
27 Jan 2023
Robert Crossley has decades of investment and banking experience across Europe and Asia
20 Jan 2023
BNP Paribas today has appointed Philippe Noirot as head of transaction banking for Asia-Pacific. He will be responsible for further driving the momentum of transaction banking in the region, while broadening and deepening business offerings.
19 Jan 2023
Sebastien Lamy has over 20 years of consulting experience with the company
18 Jan 2023
Allspring Global Investments has opened a new office in Hong Kong and appointed Linda Luk as head of sales for North Asia.
17 Jan 2023
The Financial Services Development Council (FSDC), an industry advisory body established by the Hong Kong Special Administrative region government in 2013, has announced the appointment and reappointment of members to its committees, with effect from January 17.
16 Jan 2023
Citi has appointed Tibor Pandi as Citi country officer (CCO) for Singapore, effective February 1. Pandi will have oversight of all businesses and operations in the country and will be responsible for driving overall franchise performance. He will report to Amol Gupte, head of South Asia and Asean for Citi.
16 Jan 2023
PGIM Real Estate has strengthened its Asia-Pacific investment team with the appointment of Eileen Yong as executive director and deputy portfolio manager for its Asia core strategy.
11 Jan 2023