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China releases details of Hong Kong national security law

1 Jul 2020 - The Edge Markets
(July 1): China’s government asserted broad new powers over Hong Kong to rein in those who criticize its rule -- from pro-democracy protesters to news agencies to overseas dissidents -- in a new national security law that risks endangering the city’s appeal as a financial hub. The legislation passed ...

Asia stocks to have muted start to 3Q20

1 Jul 2020 - The Edge Markets
(July 1): Asian stocks were poised for a muted start to a new quarter, with investors assessing better-than-estimated US economic data amid concern over the coronavirus spread and Sino-American tensions. Futures edged up in Japan and dipped in Australia, with Hong Kong closed for a holiday. S&P 500 contracts ...

Ecommerce giant Lazada reinvents online shopping through LazLive

1 Jul 2020 - Singapore Business Review
LazLive is its in-app live streaming feature which allows users to interact in real time. The range of live streaming content has widened from what was typically fashion products to basic necessities, self-care and improvement, as well as entertainment products as companies accelerate digital transformations. ...
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Daily Briefing: Temasek-led group invests $348.57m on BioNTech vaccine; Botsync clinches undisclosed seed round

1 Jul 2020 - Singapore Business Review
And standardised packaging required on all tobacco products from 1 July. From ChannelNews Asia: Singapore's Temasek and other investors are injecting $348.57m (US$250m) into German biotech firm BioNTech through a private placement, according to an announcement. This reflects heightened investor appetite ...
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US sanctions on Hong Kong security law risk US$1.1 trillion in China funding

30 Jun 2020 - The Edge Markets
(June 30): China’s largest banks have US$1.1 trillion ($1.53 trillion) in dollar funding at stake and face potentially steep fines from US legislation that targets penalizing lenders doing businesses with Chinese officials involved in Hong Kong’s controversial security law, according to Bloomberg Intelligence. ...

Mapping startup nabs $7m in series A funding

30 Jun 2020 - Singapore Business Review
Their first product is Nextbillionmaps, a platform offering routing and direction services. Mapping tech startup NextBillion.ai clinched $7m in a series A investment co-led by American venture capital (VC) firms Lightspeed Venture Partners and Falcon Edge Capital, a press release revealed. Co-founded ...
hkex:252 hkex:2324 usx:baba hkex:700 usx:emqq sgx:axh

China approves Hong Kong national security law

30 Jun 2020 - The Edge Markets
(June 30): China’s top legislative body approved a landmark national security law for Hong Kong, a sweeping attempt to quell dissent that risks US retaliation and the city’s appeal as a financial hub. The National People’s Congress Standing Committee voted unanimously to approve the law on the former ...

Daily Briefing: Mobile service providers to roll out plans for seniors; Ackcio raises a pre-series A funding co-led by Wavemaker

30 Jun 2020 - Singapore Business Review
And Dream Cruises to resume operations in July. From ChannelNews Asia: Five mobile service providers—Singtel, M1, StarHub, Circles.Life, and TPG—will start rolling out mobile plans with “larger data bundles at a lower cost” for seniors starting 29 June, according to the Infocomm Media Development Authority ...
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Stocks to watch: Keppel, SPH, IHH Healthcare, UOB, Hatten Land

30 Jun 2020 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Tuesday: Keppel Corp, Singapore Press Holdings (SPH): Conglomerate Keppel Corp is setting up a joint venture (JV) with SPH to develop and operate data centre facilities at the media and property group’s Genting ...
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Majority of banks ready to trade SORA derivatives, says committee

29 Jun 2020 - Singapore Business Review
Banks including OCBC and DBS have already made their first SORA-related activities. The majority of the member banks in the Steering Committee for SOR Transition to SORA (SC-STS) are ready to trade Singapore Overnight Rate Average (SORA) derivatives, which is expected to pave the way for greater market ...
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