Cryptocurrencies
Orix Bank, Binance eye stablecoin offerings in Japan
Currency-linked tokens hold promise for slashing business transaction costs
Finance
DealStreetAsia
Malaysian wealth startup Versa aims for profitability by 2027
CEO banks on annual doubling in gross transaction volume to meet goal
Finance
Japan's audit base weakening despite growth in CPA applicants
More certified accountants seek to avoid increasingly hard work of auditing
Construction
Komatsu, Hitachi Construction boost financing for African, U.S. buyers
Mining, infrastructure and housing demand expected to grow
DealStreetAsia
Malaysian pension fund KWAP launches $107m investment vehicle
Purpose is to target startups, venture capital funds over next 18 to 24 months
US-China tensions
Silicon Valley venture firm GGV splits U.S. and China operations
Move comes amid Washington scrutiny and follows similar decision by Sequoia Capital
Finance
Full text of Japanese Prime Minister Kishida's speech at Economic Club of New York
Plans for special zones to lure overseas asset managers outlined
Finance
Japan to launch special investment zones where only English is needed
Kishida unveils initiatives to attract global talent in asset management
DealStreetAsia
Asia Healthcare Holdings acquires kidney care hospital chain AINU
India-based platform, backed by TPG and GIC, expands into urology, nephrology
Cryptocurrencies
Hong Kong virtual bank ZA bets on city's blockchain goals
Company offers Web3 firms hard-to-get financial services
Economy
Fed leaves rates unchanged but sees tighter policy through 2024
Two-year Treasury yield rises to highest level since 2006 on hawkish outlook
DealStreetAsia
Bangladesh's DBH pegged for $30m loan from World Bank Group member
International Finance Corporation proposes funds for housing loan institution
Finance
Japan's Kishida to roll out red carpet for overseas asset managers
Prime minister to pledge structural reforms in $5tn sector in New York speech
DealStreetAsia
Indonesian raw material startup Bababos secures $3m seed funding
Procurement firm eyes accelerated expansion beyond Greater Jakarta, Surabaya
Finance
Japan's SMBC to boost rates on dollar deposits to 5.3% from 0.01%
Bank will give higher interest on U.S. currency than big American peers
Telecommunication
KKR to acquire 20% stake in SingTel's data center unit for $807m
Southeast Asia's economic growth makes it a hotbed of global investment
Market Spotlight
China's top developers lost close to $3bn due to weakened yuan
U.S.-dollar indebted Evergrande, Sunac and Country Garden head the list
Comment
Bubble trouble: Ex-Lehman Japan chief looks back for lessons
Human greed inflates economic bubbles, says Akio Katsuragi
China debt crunch
Evergrande's life insurance arm taken over by new state-owned vehicle
Former poster child for China's inland development shifting to coastal city
Startups
Japan to let startups sell digital tokens to venture capital funds
Rules have restricted domestic investment in burgeoning Web3 field
Caixin
China's slow-burning insurance crisis unfolding in the shadows
Industry insiders question if bailouts work, calling for exit mechanism
Economy
ECB raises rates to record high, signals end to hikes
Lagarde says 'confident that growth will pick up in 2024'
Finance
China cuts bank reserve ratio again to aid recovery
Beijing hopes second slash this year will free up nearly $70bn in liquidity
Cryptocurrencies
Singapore bans founders of Three Arrows crypto hedge fund
Zhu Su and Kyle Davis barred from capital market participation for nine years
DealStreetAsia
Silverhorn's Asia venture investment program to hit first close
Expects to reach as much as $150m of $300m target by year-end