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Singapore Superapp Grab To Go Public With $40 Billion Valuation In SPAC Deal

April 14, 2021

Grab Holdings said it has reached a deal to go public in the U.S. by merging with a special-purpose acquisition company (SPAC) that will value the nine-year-old company at about $39.6 billion. The ride-hailing and food delivery giant is raising more than $4 billion by combining itself with Altimeter Growth Corp. in what would be the la...

Asia Business Energy

Houston, We Have A Problem. Oil Reserves Have Fallen Below 10 Years

April 12, 2021

Big oil has a big problem. It’s running out of oil.Years of under-investment in exploration and a decline in project development has blown a hole in the reserves of the major international oil companies (IOCs), a group that includes ExxonMobil, Chevron and Royal Dutch Shell. Since 2015 the average reserves of the oil majors has fallen by 25% t...

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Baeksang Arts Awards Announces Nominations For Best Films And Dramas

April 12, 2021

Which actor, actress, drama or film will win top honors at the 57th Baeksang Arts Awards? The annual awards ceremony to honor excellence in the film, television and theater industry of South Korea will take place on May 13 in Seoul.  Here is a partial list of the nominees: TV Dramas Best Drama: Beyond Evil, It’s Okay Not To Be Okay, F...

Asia Business Innovation Leadership Money Small Business Technology

Forbes Asia 100 To Watch: Nominations For Inaugural List Are Now Open

April 11, 2021

Small companies built and operated by self-driven and hard-working entrepreneurs are the backbone of the economies in the Asia-Pacific region. They will be essential to the economic recovery from the pandemic upheaval.In August 2021, Forbes Asia will recognize small companies and startups on the rise. Nominations for the debut of For...

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Jack Ma’s Alibaba Hit With $2.8 Billion Fine For Abusing Its Dominant Market Position

April 10, 2021

Alibaba Group was hit with the highest-ever antitrust fine imposed in China when the country’s regulator announced on Saturday that it had slapped a fine of 18.2 billion yuan ($2.8 billion) on the Hangzhou-based tech giant. The penalty is equivalent to about 4% of Alibaba’s domestic revenue in 2019. China’s State Administration for Market Regul...

Asia Business Investing Money

Greenland Said No To Trump And Now Says No To Australia And China

April 9, 2021

Former U.S. President, Donald Trump, discovered to his annoyance that Greenland is not for sale, and now an Australian company with close Chinese connections has been told that Greenlanders do not want a proposed rare earth and uranium mine.Whether it’s the tough climate or blood lines that go back to the Vikings is an interesting question though t...

Asia Business Investing Markets Money Policy

Nouriel Roubini’s Worries About Another Financial Crash Aren’t Crazy

April 9, 2021

Watching Bill Hwang’s Archegos Capital Management hedge fund stumble triggers more traumatic memories than global finance veterans like to admit. For many, parallels between the 1998 blowup of Long-Term Capital Management and Hwang’s forced liquidation of more than $20 billion worth of stocks on March 26 were too strong for comfort....

Asia Consumer Tech Innovation Technology

Huawei MateBook X Pro 2021 Review: Refined, Sleek Work Machine

April 8, 2021

I still remember when Huawei announced its first-ever laptop in 2017, and was blown away by how sleek the thing looked compared to, well, anything else on the market at the time. Its screen supported touch controls, pumped out 2K resolution, and was wrapped in tiny (for laptop) bezels. The problem with putting out something so aesthetically ahe...

Asia Business Innovation Sustainability Technology

Asian Corporates Trail On Climate Aspirations, Can Their Young Staff Be A Force For Change?

April 8, 2021

Developing Asia is a laggard in the battle against climate change and Asian companies, from China to India to Indonesia, are trailing their peers in articulating green aspirations. As the world prepares for this November’s Glasgow summit, Asia’s home-grown corporates have an opportunity, but little incentive, to showcase their green credentials, an...

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India’s 10 Richest Billionaires 2021

April 6, 2021

Mukesh Ambani added nearly $48 billion to his fortune since last year, and reclaimed the title of Asia’s richest person. Another Covid-19 wave is sweeping across India and total cases now exceed 12 million. But the country’s stock market has shrugged off its pandemic funk to scale new peaks; the benchmark Sensex is up 75% from a year ag...