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☆ Brunei comes to a standstill for royal wedding of Prince Abdul Mateen
▼ + stars: | 2024-01-15 | by ( Heather Chen | ) edition.cnn.com time to read: +5 min

CNN —Life in the tiny oil-rich kingdom of Brunei came to a standstill Sunday for a grand royal wedding attended by heads of state and royals from Bhutan and Middle Eastern countries, the highlight of 10 days of celebrations. The lavish ceremony saw Prince Abdul Mateen, the tenth child and fourth son of Brunei’s Sultan Hassanal Bolkiah, wed his long-time partner, Yang Mulia Anisha Rosnah, the granddaughter of a royal adviser. Mohd Rasfan/AFP/Getty ImagesThe 32-year-old prince, a British-trained and educated military officer in the Brunei Royal Armed Forces who’s sixth in line to his father’s throne, has become the modern face of Brunei’s royal family. Iqbal Selamat/AFP/Getty ImagesThe royal wedding at Brunei's Istana Nural Palace. To Their Majesties Sultan Hassanal Bolkiah and Queen Raja Isteri, our warmest congratulations on this happy occasion.”Prince Mateen kneels before his father, Sultan Hassanal Bolkiah, after the solemnization ceremony.

Persons: Prince Abdul Mateen, Brunei’s, Brunei’s Sultan Hassanal Bolkiah, Yang Mulia, Rosnah, Nurul Iman, Bandar Seri Begawan, Mateen, Mohd Rasfan, Michael Jackson, Britain’s, Prince Charles, Teh Firdaus, –, Iqbal Selamat, Lee Hsien Loong, Hassanal Bolkiah, Raja Isteri, ” Prince Mateen, Sultan Hassanal Bolkiah, Mateen’s, Hassanal Organizations: CNN, Nurul, Royce, Getty, Brunei Royal Armed Forces who’s, Abaca Press, United Arab, Singapore Prime, AP, of Defense Locations: Brunei, Bhutan, Middle, Brunei’s Sultan, Bandar Seri, Bandar Seri Begawan, AFP, British, Malaysian, Nural, Saudi Arabia, Jordan, United Arab Emirates, Malaysia, Indonesia, Philippines, Borneo, Britain

☆ Southeast Asia's IPO market is an investor favorite amid global headwinds, Deloitte says
▼ + stars: | 2023-07-07 | by ( Sheila Chiang | ) www.cnbc.com time to read: +3 min

Firdaus Wajidi | Anadolu Agency | Getty ImagesSoutheast Asia's initial public offering market is showing promising signs despite a global IPO slowdown in the first half of 2023, according to a new Deloitte report. In the last six months, Southeast Asia's market saw 85 IPOs raising $3.3 billion in proceeds, versus the 73 IPOs in the same period last year which raised $3.1 billion. That's a 16% increase in the number of IPOs and a 5% increase in proceeds for the first half of 2023. Indonesia's rising starIndonesia raised 70% of the total IPO proceeds in Southeast Asia for the first half of 2023. Indonesia "looks set to have its best year ever in terms of listing proceeds with 44 IPOs in 2023 H1," said Deloitte.

Persons: Firdaus, — GoTo, Joko Widodo, Harita Nickel Organizations: Anadolu Agency, Getty, Deloitte, Nasdaq, EV, PT Merdeka Battery Materials, Pertamina Geothermal, Indonesia, Harita Locations: JAKARTA, INDONESIA, Jakarta, Indonesia, Southeast Asia, Australia, Thailand, Malaysia, China

KUALA LUMPUR/SINGAPORE, April 16 (Reuters) - Malaysia plans to introduce a second 5G network from next year, four sources told Reuters, in the latest policy shake-up aimed at dismantling monopolies and promoting competition by Prime Minister Anwar Ibrahim's six-month-old administration. A recommendation by major carriers for a second 5G provider was rejected by the previous government in March last year. Fahmi also said last week 5G network coverage had reached 55% in populated areas. It was not clear how the proposal for a second 5G network would affect DNB's existing agreements with its development partner Swedish telecoms giant Ericsson (ERICb.ST), and other mobile operators. U Mobile later joined other telco firms in signing up to access DNB's 5G network.

☆ Swiss Miss: Why UBS's deal with Credit Suisse will threaten its hold on rich clients
▼ + stars: | 2023-03-22 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

UBS was already the largest private wealth manager in the world before it agreed to buy fellow Swiss bank Credit Suisse. UBS and Credit Suisse are both known for servicing the ultra-rich, though UBS does so on a much larger scale. The acquirer had $2.8 trillion in global wealth management assets as of the end of 2022 while Credit Suisse's totalled $585 billion. But the merger gives UBS and Credit Suisse clients the thing that matters mostBut the acquisition wasn't just about rescuing Credit Suisse but restoring confidence in the Swiss banking system, Ibrahim noted. For one Irish billionaire and Credit Suisse client, this is what matters most.

☆ UBS will become a Swiss wealth behemoth after buying Credit Suisse, but blending the two rivals could get awkward and messy
▼ + stars: | 2023-03-21 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

UBS was already a giant in wealth management before it agreed to buy doomed rival Credit Suisse. UBS was already the largest private wealth manager in the world before it agreed to buy fellow Swiss bank Credit Suisse. UBS and Credit Suisse are both known for servicing the ultra-rich, though UBS does so on a much larger scale. The acquirer had $2.8 trillion in global wealth management assets as of the end of 2022 while Credit Suisse's totalled $585 billion. But the merger gives UBS and Credit Suisse clients the thing that matters mostBut the acquisition wasn't just about rescuing Credit Suisse but restoring confidence in the Swiss banking system, Ibrahim noted.

☆ Malaysia’s Anwar becomes prime minister, ending decades-long wait
▼ + stars: | 2022-11-24 | by ( Story Reuters | ) edition.cnn.com time to read: +6 min

Malaysia’s Anwar Ibrahim was sworn in as prime minister on Thursday, capping a three-decade political journey from a protege of veteran leader Mahathir Mohamad to protest leader, a prisoner convicted of sodomy, and opposition leader. Both men failed to win a majority in a Saturday election, but the constitutional monarch, King Al-Sultan Abdullah, appointed Anwar after speaking to several lawmakers. Anwar was sworn in as Malaysia's prime minister on Thursday, ending a political impasse. Mohd Rasfan/AFP/Getty ImagesMalaysia's King Sultan Abdullah Sultan Ahmad Shah (right) appointed Anwar (left) after consulting with lawmakers. The decision on the prime minister came down to King Al-Sultan Abdullah Sultan Ahmad Shah, after both Anwar and Muhyiddin missed his Tuesday afternoon deadline to put together a ruling alliance.

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