Peter wong has assumed the role of CEO of Standard Chartered''s Hong Kong operations.
Singapore MRT''s IPO has been priced cheap to whet investors'' appetites ahead of much bigger government share sales later this year.
Panda-Recruit, an online recruiter, priced shares in its initial public offering at HK$0.28, the lowest ever set by a company seeking a listing on the Growth Enterprise Market.
Korea''s Daum Communications has postponed listing its ADRs on Nasdaq as investor appetite for internet portals shrinks.
Earnest Investment Holdings plans to raise HK$10 million by listing 10 million new shares on Hong Kong''s Stock Exchange.
Hanvit Bank is considering a bold and some might say rash move to meet its capital adequacy ratios by issuing tier 1 equity.
Companies preparing IPOs are slashing prices as they compete for dollars. Investors are not only spoiled for choice, they are increasingly choosy.
Maybank''s plans to take over PhileoAllied Bhd have been scuppered by one of PhileoAllied''s shareholders, Avenue Assets. There''s also more bad news for the Utama-AMMB merger.
Rumours of Hyundai''s demise are greatly exaggerated. Despite the bad publicity of late, the group has strong cash-generating potential and contingency risks have been largely contained.
Asian borrowers have continued their assault on the Yen markets with the launch of deals for Kepco and the Republic of the Philippines.
Some say the creditor got a 20% in TimedotCom, Time Engineering''s 100% unit. Sapura insists it has taken only 5%.
AcrossAsia Multimedia, the technology unit of Indonesia''s Lippo Group, sold 180 million shares at HK$3.28 in its IPO. The shares rose to HK$3.90 in their first day of trading.
Sohu.com, China''s third-biggest internet portal, received a lukewarm response from investors during its first day of trading on Nasdaq, even after cutting the price of its offer to $13 a share.
The government''s seeming inability to come up with any credible solutions to Indonesia''s problems is thwarting the rupiah''s recovery.
The banking deal between the unions and the Korean government is an unlikely victory for market forces.
The Octopus smart card is a force to be reckoned with. But its success relies on stringent and effective cash management procedures.
Cheng Wai Keung has been promoted from executive director to deputy chairman of Neptune Orient Lines.
Warren H. Rothman joins the international law firm of Paul, Weiss, Wharton & Garrison.
Beijing Beida Jade Bird, an internet security code developer, slashed the price of its IPO and closed the offer to retail investors amid a glut of forthcoming listings.
HSBC Malaysia has arranged M$445 million of bonds to finance a coal jetty terminal. The bonds will be repaid with revenues from a Tenaga power plant currently under construction.
Singapore''s cargo agents are the first to use Identrus-based smart cards, issued by Deutsche Bank, to conduct e-business transactions.
In Asia''s biggest technology acquisition outside the telecoms industry, Korea''s Littauer Technologies has agreed to buy AsiaNetCorp for $1.2 billion in stock. Shareholders approved the deal yesterday.
The second-tiered manager aims to become Thailand''s leading player in three years'' time. Will political uncertainties and waning foreign investor interest in the Thai market thwart its plan?
An alliance with Sun Microsystems beefs up bolero.net''s position to electronify international trade documentation.
HITIC''s failure to make a $6.9 million bond interest payment puts the bondholders in bed with the creditor banks, suggesting a restructuring plan may be in the offing.
Investors forked out $120 million to finance Henderson Cyber''s ambitions to become a big technology player in Hong Kong. It''s an issue that relied on the Lee family name, analysts say.
Unlike the Malaysian banks that were forced to write off 100% of loans to NSC, Philippine lenders will likely lend more.
Business-to-consumer payment systems will benefit from an alliance between a Korean and Chinese e-payment companies.
Star Cruises has refinanced a $600 million loan, taken out to complete the NCL takeover, and is on track to raise $600 million via a Hong Kong listing in September.
Malaysia''s Time looks to throw off crippling debts, solving long-time problems. No such luck for Khazanah, which has struck pricing snags with NTT on Telekom Malaysia.
Indian software giant integrates applications and information in one desktop for bankers.
A new benchmark issuer has emerged from Singapore, as government-owned PSA Corp attempts to lengthen the maturity and investor profile of the Lion city in the international bond markets.
iSteelAsia.com has formed strategic alliances to try and attract independent buyers and sellers to its online steel exchange.
Hong Kong''s SFC has warned financial website operators that if they offer investment advice, even indirectly, they should check licensing requirements, or risk breaking the law.
Digitel priced shares in its IPO on Hong Kong''s Growth Enterprise Market at HK$1.05, the middle of its proposed range, to raise HK$105 million.
Neptune Orient Lines is spending $150 million to try and get its logistics business turnover above the $3 billion mark.
Philip John heads focus on corporate finance, banking, project finance and capital markets.
e2-Capital aims to level the playing field for investors in new equity offerings by conducting the bidding online.
Young-Tae Seo becomes director and chief administrative officer at Salomon Smith Barney KEB Securities.
Bancommerce is on the acquisition trail and has just closed the first of 3 deals it is trying to pull off.
An unwelcome 29% increase in Thailand''s foreign debt burden shows the perils of increased transparency.
FinanceAsia has announced the coveted Country Awards for this year. The
Economists predict some exchange volatility, as the dollar weakens.
Lack of institutional support saw DBS take up most of the issue. But now Danu can focus on its planned bad loan auction.
Hong Kong''s new retirement scheme is one of the few things that the city''s workers are not queuing up for.
Centro Digital Pictures strengthens its senior management team.