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☆ Multi-strategy hedge funds in Hong Kong and Singapore are booming. Here's why they're tapping the Middle East to get to the next level.
▼ + stars: | 2024-04-09 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

To Danny Yong, the Middle East is still Asia. In particular, multi-strategy hedge funds, the industry subset that large allocators are desperate for thanks to their uncorrelated and consistent returns, are growing in markets like Hong Kong and Singapore. Houston-based Pan Capital is planning to hire macro PMs in Hong Kong this year. These people-heavy firms need plenty of talent to make it all work, and the relatively small size of the Singapore market, coupled with political uncertainty in Hong Kong, puts a strain on the entire system. "Managers follow allocator trends, and the Middle East has been actively allocating while other regions have slowed their deployment.

Persons: Danny Yong, firm's, Yong, there's, Kurt Baker, Jonathan Xiong, Bobby Jain, Amir Ravan, Arun Singhal, Alan Howard, Simon Sadler, Dymon, Samantha Rosenstock, Craig Thorburn, It's, Joe Cheung, —, Cheung Organizations: Business, Dymon, UAE, Millennium, Bloomberg, Pan, Segantii Capital Management, Blackpool Football Club, Man, Hong Kong Monetary Authority, Citadel Locations: Asia, Japan, Hong Kong, Singapore, Dubai, Dymon Asia, Houston, Point72, Tokyo, Sidney, Abu Dhabi, United Kingdom, London, Miami, New York, China

☆ Malaysia's $100 billion ghost town really wants to draw in tourists. It's not working.
▼ + stars: | 2024-03-25 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +8 min

Forest City, a luxury development in Malaysia, is banking on tourism to shed its ghost town image. AdvertisementWendy Noble lives 15 minutes away from Malaysia's Forest City, across the border in Singapore. Country Garden, the largest developer in China, spent $100 billion building Forest City. "Forest City is able to attract the weekend tourists," Adilah said, referring to tourists like Noble and Nemis. Forest City Golf Resort's lobby, with a miniature figure of the development.

Persons: it's, —, Wendy Noble, Ree Nemis, Noble, Marielle, Nemis, Adilah Zain, Adilah, Sultan Ibrahim, Shawn, Gary, We've, Chandran Organizations: Forest City, Service, Malaysia's, MARA Technological University, Garden, Bloomberg, BI, Forest, Challenge, Hotel Locations: Forest, Malaysia, Malaysia's Forest City, Singapore, Forest City, China, Johor —, Malaysian, Monaco, Challenge Malaysia, Kuala Lumpur

[1/3] A redacted online resume of a North Korean IT worker is shown in this screenshot of a report obtained by Reuters on November 20, 2023. The documents contain dozens of fraudulent resumes, online profiles, interview notes, and forged identities that North Korean workers used to apply for jobs in software development. Some of the scripts, designed to prepare the workers for interview questions, contain excuses for the need to work remotely. North Korean developers working at U.S. companies had hidden behind pseudonymous email and social media accounts and generated millions of dollars a year on behalf of sanctioned North Korean entities through the scheme, the DOJ said. The researchers, part of Palo Alto's Unit 42 cyber research division, made the discovery when examining a campaign by North Korean hackers that targeted software developers.

Persons: Richard, Covid, Richard Lee, “, James Pearson, Ted Hesson, Daphne Psaledakis, Chris Sanders, Anna Driver Organizations: North, Reuters, Palo Alto Networks, REUTERS Acquire, Palo Alto, United Nations, United, United Arab Emirates, U.S . Justice Department, DOJ, Federal Bureau of Investigation, FBI, North Korean, U.S, of Liberty, Palo Alto's, Constella Intelligence, U.S . Department of Homeland Security, Thomson Locations: North Korean, Korean, North Korea, United States, South Korea, U.S, Chile, New Zealand, Uzbekistan, United Arab, Singapore, Los Angeles, LA, China, Russia, Africa, Southeast Asia, Pyongyang, Palo, Britain, Japan, Spain, Australia, Washington

☆ It's starting to look like majoring in computer science isn't the road to the promised land of money and job security after all
▼ + stars: | 2023-11-08 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Many computer science majors say job hunting has become tougher after layoffs hit the industry. Ben Leong, a Singaporean computer science professor, said getting a job was never easy. He told Insider he picked his major because he was interested in technology — and also because of the industry's salaries. Wong told Insider last month that he's applied to 17 jobs and has heard back from five companies. AdvertisementAdvertisementBryan Ho, a 23-year-old junior studying computer science at the National University of Singapore, told Insider he's applied for roughly 100 internships.

Persons: Ben Leong, —, Joel Wong, Wong, Bryan Ho, he's, Ho, Ethan Ang, Ang, sprees, That's, Leong, Aline Lerner, Insider's Kali Hays, NodeFlair's Ang Organizations: Service, National University of Singapore, Tech, Facebook, Google, Big Tech, MIT Locations: Singapore, Asia, The Singapore, Southeast Asia

☆ My Uber rating was higher than my GPA. I landed my first job after tweeting that at Uber.
▼ + stars: | 2023-10-11 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +5 min

Cherylyn Wee is a 32-year-old sales director who landed her first job after tweeting at Uber. That's when I tweeted at Uber, "My @uber rating is higher than my GPA. And my Uber rating was 4.9 out of 5. And that's how a tweet helped me land my first job, as a marketing coordinator at Uber Singapore. AdvertisementAdvertisementBe intentional with what you write onlineWee on her last day at the Uber Singapore office in 2018, which was also the day Uber exited the country.

Persons: Wee, tweeting, —, Cherylyn Wee, Uber, Cherylyn, I've Organizations: Service, Uber, Uber Singapore, Twitter Locations: Singapore, Uber Singapore

☆ What it's like in Europe's popular crypto haven Portugal as the U.S. cracks down
▼ + stars: | 2023-09-09 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +19 min

They understood the importance of self custody of bitcoin, bitcoin on bitcoin blockchain, not on other chains." Sunrise over Lisbon, Portugal Alexander Spatari | Moment | Getty ImagesThe San Francisco of EuropeA walk through Portugal's capital feels eerily similar to a stroll in San Francisco. "This makes Portugal a really attractive place for crypto users to live," explained Shehan Chandrasekera, a CPA and head of tax strategy at crypto tax software company CoinTracker.io. The only exception to the country's generous crypto scheme relates to companies registered in Portugal that deal in crypto. Cyclists photographed in Lisbon, Portugal, in October 2018.

Persons: Alexander Spatari, PORTUGAL —, maximalists, Lorenzo Primiterra, He's, Peter Pan, Primiterra, Terra Luna, bitcoin, solana, Greenfield, Portugal Alexander Spatari, Jemson Chan, Chan, CNBC Guy Young, Seb True, CNBC Seb, True, That's, it's, bitcoiners, I've, Stephen Knowles, cryptocurrencies, Shehan Chandrasekera, Katie Ananina, Ethena's Young, —, Deley, Deley doesn't, that's, Didi Taihuttu, They've, Taihuttu Organizations: Campo Pequeno, maxis, CNBC Software, CNBC, titans, Securities and Exchange Commission, British, Abril, European, CPA, Cyclists, European Union, D7, Companies, Algarve Locations: LISBON, PORTUGAL, Lisbon, Italy, Portugal, Almada, Lisboa Region, outranking New York, Berlin, Singapore, European, Sunrise, San Francisco of Europe, San Francisco, bitcoin, Europe, Crypto, U.S, Egypt, Asia, Switzerland, it's, Puerto Rico, Australia, Canada, Ghent, Belgium, cryptocurrency, Cryptocurrencies, Lisbon's, Lagos, Angeles, Algarve

☆ Switzerland is the most expensive place in Europe to see Taylor Swift's Eras Tours, because of course it is
▼ + stars: | 2023-08-01 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

Eras Tour tickets in Zurich are the most expensive in Europe, per Swiss newspaper NZZ am Sonntag. Surprising nobody, Switzerland has once again topped the charts as the "most expensive country" — this time for the cost of Taylor Swift's Eras Tour tickets in Europe. The cheapest tickets in the country cost 167.5 Swiss Francs, or $190, according to Swiss newspaper NZZ am Sonntag. Switzerland consistently ranks as one of the most expensive places on Earth, and the Swiss are no stranger to paying the most for, well, everything. And despite the steep ticket prices, the tour is still selling out in its Switzerland stops, according to NZZ am Sonntag.

Persons: NZZ, That's, Swift, Taylor, — Organizations: Bloomberg, Morning, Swiss, Mac, Mercer, Wall Street, NZZ Locations: Zurich, Europe, Warsaw, Swiss, Switzerland, Poland, United States, Geneva, Hong Kong, Singapore

☆ What people are saying about Ant Group's $984 mln fine and share buyback
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +3 min

July 10 (Reuters) - China's Ant Group has announced a surprise share buyback that values the fintech giant at $78.5 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may let some investors exit. "And second, of course, we're talking about the share buyback plan. DICKIE WONG, EXECUTIVE DIRECTOR AT KINGSTON SECURITIES IN HONG KONG:"Their share prices have strongly rebound today mainly driven by the expectation that regulatory pressure from mainland government will ease. Ant Group is on the right track to achieve their final target of an IPO." According to the company, the reason for the buyback is providing liquidity to existing investors and attracting and retaining talented individuals through employee incentives.

Persons: GARY NG, KENNY NG, DICKIE WONG, SUMEET SINGH, Xie Yu, Yantoultra, Scott Murdoch, Anne Marie Roantree, Jamie Freed Organizations: Alibaba, HK, ASIA PACIFIC, CHINA, HONG, People's Bank of, Ant Group, KINGSTON, SINGAPORE WHO, Thomson Locations: HONG KONG, People's Bank of China, SINGAPORE, COLOMBO, Hong Kong, Singapore, Sydney

☆ Singapore's love affair with air conditioning shows a Catch 22 of climate change
▼ + stars: | 2023-06-09 | by ( Heather Chen | ) edition.cnn.com time to read: +10 min

Thankfully, Chee said, his home has five air conditioners – one in each bedroom and a larger unit in the living room. “I drank plenty of water, took cold showers and kept the air conditioning on for the entire weekend. Indeed, in this city, air conditioning has become almost a way of life. But Singapore’s love affair with air conditioning has an enormous cost. Here are some possible solutions 02:39 - Source: CNNBreaking the loopStill, experts say there are ways to break the air conditioning doom-loop.

Persons: Chee Kuan Chew, ” Chee, “, Mo Kio, Chee, Lee Kuan Yew, Edgar Su, Suhaimi Abdullah, Matthias Roth, Roth, Radhika Khosla, ” Khosla, Heng Chye Kiang, Smart, Heng Organizations: CNN, Reuters, Economic, International Energy Agency, Urban, United States Environmental Protection Agency, National University of Singapore, United Nations, Montreal Protocol, Oxford University’s Smith School of Enterprise, Environment, Bloomberg, Getty, Singapore’s National Environment Agency, NEA, ”, National University of Singapore’s School of Design Locations: Singapore, New York City, Japan, United States, ”, Kigali, Montreal, Orchard

☆ Bidzina Ivanishvili: Credit Suisse ordered to pay $926 million to Georgia's former prime minister
▼ + stars: | 2023-05-26 | by ( ) edition.cnn.com time to read: +3 min

Credit Suisse was ordered to pay $926 million to Georgia’s former prime minister Friday for losing part of his fortune, in a Singapore court ruling that represents one of the biggest legal awards made against the bank. Credit Suisse (CSGKF) said it would appeal the decision. Billionaire businessman Ivanishvili, who was Georgia’s prime minister in 2012 to 2013, had placed $1.1 billion under the custodianship of Credit Suisse Trust in 2005, the court heard. It should have prevented Patrice Lescaudron, an adviser at Credit Suisse Trust in Singapore who was later convicted of fraud, from having access to them. AppealThe $926 million to be paid by Credit Suisse will be reduced by $79 million it had already paid in December.

☆ China's security crackdown could signal new realities for foreign investors
▼ + stars: | 2023-05-16 | by ( Clement Tan | ) www.cnbc.com time to read: +6 min

Last Monday, state broadcaster CCTV singled out a consulting company for not complying with China's national security laws. "It may seem a paradox," said Chong Ja Ian, an associate professor at the National University of Singapore who studies Chinese foreign policy. So much of what is now regarded as national security or state secrets is not sufficiently defined or classified. This includes passing a data security law in 2021 on the protection of information involving national and economic security and on issues of important public interest. "To have multiple companies involved now in this crackdown and the restriction of financial data to foreigners, it appears that Chinese security departments are on to something larger."

☆ Tesla cuts prices of Model 3, Model Y vehicles in Singapore
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +1 min

SINGAPORE, April 14 (Reuters) - Tesla Inc (TSLA.O) has cut prices of its Model 3 and Model Y vehicles in Singapore between 4.3% and 5%, its website showed on Friday. Tesla cut prices on Real-Wheel Drive version of both Model 3 and Model Y by S$4,000 ($3,020), and Dual Motor All-Wheel Drive version of the two models by S$5,000, the website showed. Last week, Tesla announced its fifth vehicle price reduction this year in the U.S. market, as Washington prepares to introduce tougher standards that will limit EV tax credits. Tesla in January had offered limited-term discounts to buyers in Singapore who agreed to purchase existing inventory of the Model 3 or Model Y, but it did not make a general price cut at the time like it did in South Korea, Japan and Australia. ($1 = 1.3244 Singapore dollars)Reporting by Chen Lin Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

☆ Waiting times for some Tesla models in China increase after automaker discounts
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +3 min

The waiting time for orders of the rear-wheel-drive and long-range versions of Model Y were a week longer on Monday than on Friday, Tesla's website showed. The wait time for all versions of the Model 3 and the performance version of the Model Y remained at one to four weeks as of Monday. People check a Tesla Model Y electric vehicle (EV) displayed at its booth during the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2021. Some of the buyers in China said they had been led to believe that the further discounts would not be coming. Comments on Chinese social media were largely negative toward the Tesla buyers who have protested, with many saying online they should have understood the terms of the contract.

☆ Tesla offers discount in Singapore on EVs in inventory
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: 1 min

SINGAPORE, Jan 9 (Reuters) - Tesla (TSLA.O) has begun offering discounts to electric vehicle buyers in Singapore who agree to purchase existing inventory of the Model 3 or Model Y, a company sales representative said on Monday. Tesla is offering a discount of $5,000 for electric vehicle purchasers who trade in an existing internal combustion vehicle and another $5,000 credit against the cost of the certificate to operate a car in Singapore. In addition, for qualified buyers who have a place for home installation, Tesla will provide the wall connector for charging, although the consumer has to pay for the cost of installation. The limited-term discounts in Singapore come just days after Tesla cut prices in China, South Korea, Japan and Australia. Reporting By Kevin Krolicki; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ A Parasite May Explain Why Some People Are Driven to Start a Company
▼ + stars: | 2022-12-21 | by ( Adam Rogers | ) www.businessinsider.com time to read: +14 min

When wolves in Yellowstone National Park get infected with a cat parasite called Toxoplasma gondii, they become more likely to leave their packs and start new ones. The Yellowstone wolf data hints that it's just the side effect of a protozoan inhabiting our brains in a failed attempt to make more protozoa. So why would any of this make an infected wolf want to start its own pack? That was the suggestion of an influential 2006 paper titled "Can the Common Brain Parasite, Toxoplasma gondii, Influence Human Culture?" Just because Toxo might drive an alpha male to start a company, that doesn't mean it'll be a successful company.

☆ I made $239,000 this year selling budgeting and productivity templates online. It's the perfect business to start as a one-person team.
▼ + stars: | 2022-12-20 | by ( Emily Courter | ) www.businessinsider.com time to read: +5 min

For about two months in summer 2021, I regularly released new, free Notion templates and made them available to anyone who wanted them. My Notion templates performed well there, drawing tons of new customers to my website. There is a lot more competition in the Notion-template market nowOver the past year, the landscape for Notion templates has changed significantly. Alongside releasing new templates, I've pivoted to creating educational content for the Notion-using community. I was a recently graduated student when I began my journey with Notion templates.

☆ A travel planner for the ultrawealthy shares what goes into organizing $800,000 trips to exclusive locations
▼ + stars: | 2022-10-13 | by ( Mark Ellwood | ) www.businessinsider.com time to read: +9 min

Jules Maury is the head of Scott Dunn Private, an ultraexclusive division of a luxury travel firm. She was raised in a wealthy family and learned how to plan luxury trips by taking them herself. Jules Maury was 12 when she made her first hotel booking. She handles trips for the world's wealthiest people along with a team of four travel advisors and six booking specialists. But even an expert travel planner lacks some knowledgeMaury still relishes the chance to travel, and she spends much of the year on the road, often attending luxury travel shows like ILTM in Cannes or Pure in Marrakech.

☆ 3 charts show how extreme climate helped spread 218 infectious diseases, from leprosy to COVID-19
▼ + stars: | 2022-09-01 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +8 min

A new study shows extreme weather, ocean changes, and land disruption have already helped spread more than 200 pathogens. That's an extreme case of climate change creating new contact between humans and infectious diseases, but the phenomenon is widespread. Extreme heat waves, for example, can kill off many infectious viruses, bacteria, fungi, and the creatures that spread them. Whatever survives, however, is adapted to extreme heat — including the fever our bodies produce to kill off pathogens. David Ryder/Getty ImagesHumans and their infrastructure are more vulnerable to the devastating impacts of disease when they're compromised by extreme weather.

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