Genting Malaysia Proposes Sale of Miami Land for $1.23 Billion
Genting Malaysia (GenM) Bhd, a wholly owned subsidiary of Resorts World Miami LLC, expects to realise a gain of $966 million from the sale of four parcels of land measuring about 15.47 acres in Miami for $1.23 billion.
Global Pension Systems Ill-Prepared to Deal with Demographic Changes
Life expectancy has declined in many countries due to COVID-19 pandemic, but pensions systems across the world has remained ill-prepared to deal with demographic changes as the ageing of societies continues to accelerate, according to a new report from Allianz.
China Plans Shanghai-Hangzhou Hyperloop Train by 2035
China is all set to build its first hyperloop train line between Shanghai and Hangzhou, according to the nation’s top engineering and rail design institutes.
Istanbul International Airport was Busiest in March
Turkiye’s mega airport Istanbul was the busiest one in Europe, with an average of 1,263 daily flights in March, according to EUROCONTROL. Sabiha Gokcen, also in Istanbul, ranked 17th on the list with an average of 549 daily flights.
Unlocking the Future of ESG Investments
The rise of environmental, social, and governance (ESG) investments has seen an increase in demand for such products in the asset management market. However, concerns around the lack of clear ESG standards and the potential for “greenwashing” have regulators proposing new rules and guidance. Asset managers must ensure their ESG products deliver genuine outcomes to meet regulatory standards, but face challenges in finding enough investable opportunities in the market. The creation of high carbon transition funds by large institutional investors may offer a solution to the traditional divestment approach, contributing to real economy emission reductions. Firms launching new ESG products must stay ahead of the evolving regulatory environment, with KPMG’s Asset Management team offering effective ESG strategies and regulatory analysis to stay competitive.
DMCC Concludes ‘Made For Trade’ Roadshow in London
The Dubai Multi Commodities Centre (DMCC) houses more than 2,000 British companies and they represented about 8% of the total number of firms in the Centre, acting as a conduit to British businesses looking to tap into regional and global markets by setting up a base in Dubai, Ahmed Bin Sulayem, Senior Executive Chairman and Executive Director of the DMCC said.
Emirates and Etihad Sign MoU to Expand Interline Agreement
The two UAE national carriers – Emirates Airline and Etihad Airways – on Thursday signed a Memorandum of Understanding (MoU) to expand their interline agreement and provide travellers additional itinerary options when visiting the UAE.
US FED Hikes Interest Rate for Tenth Time in a Row
The US Federal Reserve (US FED) has hiked interest rates for the tenth time in a row, bringing the key lending rate to its highest level since 2007. However, the US FED signalled it could pause further rate hikes, as inflation eases and turmoil continues to spread across the American banking sector.
Africa Emerging as Tech Hub with Focus on Developing ICT Sector
Information and Communication Technology (ICT) sector is fast catching up in the African continent with countries in the region committing themselves to development of digital technology, especially in the post COVID-19 era.
US Regulators Seize Control of First Republic Bank
The US regulators have seized control of First Republic Bank, making it the third financial institution taken under government control this year, then promptly accepted a bid from JPMorgan Chase for virtually the lender’s all assets.
