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Bubble tea billionaire ranks swell after latest Hong Kong IPO
[HONG KONG] China’s bubble tea market is overflowing with rivals and fierce price clashes – yet it’s set to produce another billionaire couple.On Thursday (May 8), Auntea Jenny (Shanghai)...
Singapore’s aviation sector a ‘bright spot’ as air passenger traffic hits record 68.4 million: Chee Hong Tat
[SINGAPORE] With air passenger traffic reaching an all-time high of 68.4 million for the year ended March 2025, the Republic’s aviation industry remains a bright spot amid global turbulence...
Hong Kong dollar interest rate falls most since 2008 after intervention
[NEW YORK] The Hong Kong dollar’s funding costs plunged the most since 2008, as the monetary authority’s intervention to defend the currency peg helped boost liquidity in the financial...
Wall Street banks said to steer clear of Chery’s US$1.5 billion Hong Kong IPO
[HONG KONG] One of this year’s biggest listings is coming together in Hong Kong without the involvement of Wall Street banks. Chery Automobile’s planned Hong Kong initial public offering...