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☆ 'Do I regret it? No’: AirAsia’s Tony Fernandes discusses viral topless LinkedIn post
▼ + stars: | 2024-03-11 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Tony Fernandes, chief executive officer of Capital A Bhd., during the Milken Institute Asia Summit in Singapore, on Thursday, Sept. 14, 2023. AirAsia founder and CEO Tony Fernandes says he does not regret the viral LinkedIn post that showed him receiving a massage during a meeting — and that transparency is worth potential controversy. The Malaysian businessman is known for an unfiltered approach to posting on social media. It has a disadvantage, that people will misrepresent and misunderstand Tony Fernandes the persona," he said. But by far the strongest reaction to a social media post by Fernandes came in October, when the businessman shared a photograph of himself shirtless in the office.

Persons: Tony Fernandes, Fernandes Organizations: Milken Institute Asia Summit, AirAsia, CNBC, Singapore Airlines Locations: Singapore, Malaysian, Indonesia

☆ Temasek unit raises $3.3 bln in flagship fund investing in China
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

SINGAPORE, Sept 28 (Reuters) - Singapore state investment firm Temasek's (TEM.UL) wholly owned unit True Light Capital said on Thursday it raised $3.3 billion in its flagship fund that invests in Greater China and has now closed it to new capital. The Singapore-based asset manager said in a statement the True Light Fund I secured capital from global investors including sovereign wealth funds, foundations, financial institutions, and family offices. The closing of the fund indicates that True Light can now focus on investing the capital. The fund will invest alongside Temasek in opportunities related to Greater China, True Light said. It invests directly in private and public equity as well as indirectly through private equity and venture funds, it added.

Persons: Yeo Chee Kian, Yibing Wu, Yantoultra Ngui, Muralikumar Organizations: U.S, Temasek, Milken Institute Asia, Thomson Locations: SINGAPORE, Singapore, Greater China, China, Taiwan

☆ ‘Everything Everywhere’ Oscar winner Ke Huy Quan on Asia's 'huge influence' on how Hollywood stories are told
▼ + stars: | 2023-09-20 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +3 min

Ke Huy Quan at the TIME100 Impact Awards on September 17, 2023 in Singapore. Those were the words that Oscar winner Ke Huy Quan uttered during his acceptance speech at the Academy Awards in March. Quan won the Oscar for best supporting actor for his role in "Everything Everywhere All at Once," making him only the second actor of Asian descent to win in this category. Mike Coppola | Getty Images Entertainment | Getty Images"Everything Everywhere All at Once" dominated the Oscars this year, clinching seven awards including best picture, best actress, best director, best editing, best supporting actor, best supporting actress and best original screenplay. Since May, Hollywood writers have been on the picket lines protesting for better wages, benefits and stronger job security.

Persons: Huy Quan, Matt Jelonek, Ke Huy Quan, Quan, Oscar, Mike Coppola, Michelle Yeoh, We're, we're, Mario Tama Organizations: Getty, Academy, Milken Institute Asia Summit, Hollywood, —, Writers Guild of America, SAG, Alliance, Television Producers, Guild of America, Television Locations: Singapore, American, Hollywood, Hollywood , California

☆ Ray Dalio warns of 'great disruptions,' shares top tips for new investors
▼ + stars: | 2023-09-18 | by ( Charmaine Jacob | ) www.cnbc.com time to read: 1 min

Ray Dalio speaks during the 2023 Forbes Iconoclast Summit at Pier 60 on June 12, 2023 in New York City. U.S. billionaire Ray Dalio says new investors should have a diversified portfolio as economic and geopolitical headwinds persist. "I would like to have diversification, because what I don't know is going to be much greater than what I do know," said Dalio, founder of one of the world's largest hedge funds, Bridgewater Associates. "Pay attention to the implications of the great disruptions that are going to take place because the world will be radically different in five years. And it's going to become radically different year by year," he explained.

Persons: Ray Dalio Organizations: Forbes, Bridgewater Associates, Milken Institute Asia Summit Locations: New York City . U.S, Singapore

☆ The market's heaviest hitters are sounding the alarm on US debt
▼ + stars: | 2023-09-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Three market experts have cited concern that growing US debt will send interest rates up. US debt supply will only grow, as a recession would expand the federal deficit, Jeffrey Gundlach added. The warnings come as federal deficits have exploded in recent years, sharply elevating the trajectory of US debt. AdvertisementAdvertisementThough interest rate gains would help drive demand for bonds, they make debt servicing more costly. Bill GrossThe "bond king" who drove Pimco's fixed-income success had similar apprehensions about the debt market.

Persons: Ray Dalio, Bill Gross, Jeffrey Gundlach, Dalio, Pimco's, Gross, I'm, Gundlach Organizations: Service, Treasury Department, Federal Reserve, Wall Street, Bridgewater Associates, Milken Institute Asia Summit, Treasury, Fox Business Locations: Wall, Silicon, Singapore

☆ Leaders in Southeast Asia say they want to be friends with both the U.S. and China
▼ + stars: | 2023-09-15 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

"All the countries in Southeast Asia, including Singapore, are friends with both China and the US. We have close links with both countries and we want to maintain those links," said Singapore's Deputy Prime Minister Lawrence Wong. But that consensus is over," Wong said Wednesday at the 10th Milken Institute Asia Summit in Singapore. "This idea where you have to be either with China or the United States? "We, as ASEAN, have a role to play in engaging both U.S. and China, and we appeal to them to reduce tensions."

Persons: Joe Biden, Xi Jinping, Lawrence Wong, Wong, Anwar Ibrahim, Anwar Organizations: SINGAPORE —, Milken, Milken Institute Asia Summit, Malaysia's, ASEAN Locations: Nusa Dua, Bali, SINGAPORE, SINGAPORE — The U.S, China, Southeast Asia, Singapore, United States, Malaysia

☆ Supply chains moving out of China could create new winners in the Southeast Asian middle-class, says an official
▼ + stars: | 2023-09-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Global supply chains moving away from China is an opportunity for Southeast Asia, said one Malaysian minister. Southeast Asia countries could take the chance to attract manufacturing investments, he said. Liew Chin Tong, the deputy minister of investment, trade, and industry in Malaysia, thinks supply chains moving to other parts of Asia isn't exactly a bad thing. Liew's comments came amid intense global discussions on the future of supply chains following disruptions during the COVID-19 pandemic. Manufacturers are now allowing processes to have some breathing room in what's known as the "just-in-case" supply chain model because "they want resiliency" in the supply chains, Long added.

Persons: Liew Chin Tong, Liew, Liew's, Steven Long, Long, Donald Trump, Biden Organizations: Service, Milken Institute, Asia, Intel, Manufacturers, China Locations: China, Southeast Asia, Malaysian, Wall, Silicon, Malaysia, Asia, Milken Institute Asia, Singapore, Asia Pacific, Japan, Washington, Beijing

☆ Ray Dalio says to hold cash 'temporarily' — but don’t buy debt and bonds
▼ + stars: | 2023-09-15 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

Ray Dalio, billionaire and founder of Bridgewater Associates LP, speaks during the Milken Institute Conference Bloomberg | Bloomberg | Getty ImagesAs concerns mount over rising interest rates and inflation levels, billionaire investor Ray Dalio says he prefers to hold cash for now, not bonds. "Temporarily, right now, cash I think is good … and the interest rates are fine. I don't think [it] will be sustained that way," Dalio told an audience at the Milken Institute Asia Summit in Singapore on Thursday. But the real problem comes when individuals or investors don't hold the bonds, because it comes as a supply-demand, one man's debts or another man's assets," he explained. Dalio cautioned that investors will sell their bonds if they are not receiving real interest rates that are high enough.

Persons: Ray Dalio, Dalio, Dalio's Organizations: Bridgewater Associates, Milken Institute, Bloomberg, Getty, Milken Institute Asia Summit, Treasury Locations: Singapore

☆ Facebook cofounder Eduardo Saverin says the best companies come out of downturns, because they forge entrepreneurs behind firms like Apple and Alibaba
▼ + stars: | 2023-09-15 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Facebook cofounder Eduardo Saverin says the best companies come out of times of economic downturn. Saverin pointed to examples like Apple, Microsoft, Alibaba, Facebook, Uber, and Airbnb. He cited the examples of Apple, Microsoft, Alibaba, Facebook, Uber, and Airbnb, and said the best companies emerge from "not great" periods in the market. Zuckerberg diluting Saverin's Facebook shares and booting him from the company in 2005 formed the central plot of the 2012 film, "The Social Network." Since his departure from Facebook, Saverin cofounded B Capital Group in 2020.

Persons: Eduardo Saverin, Saverin —, —, Airbnb, Uber, Jack Ma, Saverin, Mark Zuckerberg, Dustin Moskovitz, Chris Hughes, Andrew McCollum, Zuckerberg Organizations: Microsoft, Facebook, Service, B Capital, Milken Institute Asia Summit, Apple, Federal Reserve, Social, B Capital Group, Bloomberg Locations: Wall, Silicon, Singapore

☆ Cash vs. stocks: The pros weigh in on where to invest for the rest of the year
▼ + stars: | 2023-09-15 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

"As cash yields remain elevated and inflation has cooled significantly from last year's levels, cash yields moved into positive territory on a real, inflation-adjusted basis after a few years of negative real yields," said Veronica Willis, global investment strategist at the firm. The pros weigh in on whether it's a good idea to stay in cash for the remainder of the year. Cash to 'outperform' stocks In a Sept. 7 note, Barclays said it believes cash will, in the fourth quarter, outperform stocks for a second straight quarter. So, for a second straight quarter, we prefer the company of cash over stocks and bonds," Barclays wrote, describing major asset classes as "still unattractive." "If short-term interest rates fall, short-term investments or cash investors will need to reinvest at a lower rate, reducing future returns.

Persons: it's, Veronica Willis, Cash, David Kostin, CNBC's, JPMorgan, Ray Dalio, Willis, Schroders, —, Balakrishner, Michael Bloom Organizations: U.S . Federal, Treasury, Fargo Investment Institute, Barclays, Billionaire, Bridgewater Associates, Milken Institute Asia Summit, Wells, Wells Fargo Investment Institute Locations: Fargo, U.S, Singapore, Wells Fargo

One of the really interesting questions here – this will be fascinating – the core of linear TV is sports rights. When you look at the size and scope of the linear TV business, it's huge. Patrick T. Fallon | Afp | Getty ImagesByron Allen, Entertainment Studios founder and CEO: I think linear TV will exist for a very, very long time. Simmons: I believe Apple, out of nowhere, will start making their own awesome televisions that have Apple TV embedded in them. We are witnessing early stages of this dynamic with deals like "NFL Sunday Ticket" on YouTube and the MLS deal with Apple TV.

☆ 12 media executives anonymously predict 2023's biggest deals, trends and changes
▼ + stars: | 2022-12-18 | by ( Alex Sherman | ) www.cnbc.com time to read: +5 min

Candle Media has acquired intellectual property assets including Reese Witherspoon's Hello Sunshine production company and Moonbug, which owns the animated kids series "CoComelon." Executive 3: Iger extends his contract There's been lots of speculation over who Iger will choose as his successor. History suggests he has a hard time leaving the role of Disney CEO. Christine M. McCarthy, Senior Executive Vice President and Chief Financial Officer The Walt Disney Company. "I love Shari [Redstone], but ViacomCBS is not long for this world as it stands today," said a media executive last year.

In this article DIS Follow your favorite stocks CREATE FREE ACCOUNTBob Iger, CEO, The Walt Disney Company Scott Mlyn | CNBCDisney reappointed Bob Iger as its chief executive recently, abruptly replacing his hand-picked successor Bob Chapek, and giving Iger an early goal — find a new replacement during the next two years. Iger's attention has quickly turned to the other part of his mandate from the board — the immediate challenges facing Disney's business, such as the company's reorganization, cost structure and the future growth of its streaming business. He is the chairman of Disney's studio content and spearheaded the integration of Iger's acquisitions into Disney's overall content pipeline. D'Amaro is head of Disney's parks, experiences and products, the same position Chapek held before becoming CEO. Rebecca Campbell, who's currently in charge of Disney's international content and operations, is another candidate that Iger may favor, people familiar with the matter said.

☆ New Foreign Secretary Cleverly says UK's strategic shift to Indo-Pacific is 'permanent'
▼ + stars: | 2022-09-29 | by ( Ted Kemp | ) www.cnbc.com time to read: +1 min

SINGAPORE — The United Kingdom will commit itself more fully to the Indo-Pacific region, beyond its ongoing efforts to join a massive trade deal in the region, the country's new foreign secretary said Thursday. "The Indo-Pacific tilt is here to stay," James Cleverly said at the Milken Institute Asia Summit. That "tilt" toward the Indo-Pacific will include further cooperation on economic issues, security matters and "shared values," Cleverly said. Cleverly said that 1.7 million British citizens live in the region, and the United Kingdom has trade relationships worth $250 billion in the Indo-Pacific. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP, is a trade pact that currently includes seven countries in Asia-Pacific and four in the Americas.

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