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Asia’s 50 best restaurants for 2024 revealed
  + stars: | 2024-03-27 | by ( Karla Cripps | ) edition.cnn.com   time to read: +5 min
CNN —After losing the number one spot to Bangkok in 2023, Tokyo has reclaimed its crown as the city with the top eatery in the region at the annual Asia’s 50 Best Restaurants Awards, which were announced in Seoul, South Korea on Tuesday evening. The list – part of the global “World’s 50 Best” brand – is compiled by the Asia’s 50 Best Restaurants Academy, which is made up of more than 300 food critics, writers, chefs and restaurateurs, all selected for their knowledge of Asia’s restaurant scene. Though Singapore didn’t have any restaurants in the top five, nine of its venues made the top 50 list – more than any other city. Courtesy The World's 50 BestThe “Asia’s Best Female Chef” award went to Pichaya ‘Pam’ Soontornyanakij, owner of Bangkok restaurant Potong, which came in at 17 on this year’s list. Mineko Kato of restaurant Faro in Tokyo won the Asia’s Best Pastry Chef award and Kevin Lu of Logy, in Taipei, was voted Asia’s Best Sommelier.
Persons: Daniel Calvert, Calvert, , , Sézanne, I’ve, we’d, Gaggan, Seroja, Gaggan Anand, Thitid “, Sühring, Le Du –, Ton, Bangkok –, Odette, Pichaya, Pam ’ Soontornyanakij, Ton’s Nusara, Mineko Kato, Kevin Lu, Logy, Sung Anh, Mosu, Danny Yip, Hong, Le, Fu, Hui, Samrub, Villa, Ling Long, Ando, Les Amis, Baan, Goh, Anan, Tam’s Organizations: CNN, Marunouchi, Restaurants Academy, Hospitality, Toyo, Meta, Studio, Bund Locations: Bangkok, Tokyo, Seoul, South Korea, Japan, France’s Champagne, Maronouchi, Asia, , Kolkata, Hong Kong, Singapore, Thai, ” Singapore, Faro, Taipei, Nusara, Suhring, Osaka, Odette, Sorn, Le Du, Potong, Shanghai, Logy, Masque, Mumbai, Manila, Delhi, Seroja, Taichung, Taiwan, Mume, Wakayama, Lolla, Avartana, Chennai, India, Fukuoka, Jakarta, Kyoto, Anan Saigon, Ho Chi Minh City, Macao
Boat tours around Kinmen are still operating, though under a closer watch by Taiwan’s coast guard. Officers visit each boat before they set sail and warn captains not to stray into Chinese waters. “In the past, whenever a mainland ship crossed the median line (into Taiwan’s waters), our cannons would fire toward it without warning,” Hung said. On Monday, five Chinese coast guard ships entered prohibited or restricted waters around Kinmen, but left shortly after being warned away by Taiwan’s coast guard, according to a Taiwan minister. Last week, Chinese coast guard officers boarded a Taiwanese tour boat for inspection, an unprecedented move that startled passengers on board.
Persons: , Hung Ho, cheng, Hung, Mao Zedong’s, Chiang Kai, John Mees, Kinmen, ” Hung, Sam Yeh, Kuan, ” Kuan, Chang, Wu Chia, chiang Organizations: Taiwan CNN —, Residents, Mao Zedong’s Communist, Nationalist, CNN, Mao’s Communist, Taiwan, Taiwan’s Ocean Affairs Council, Tourism Association Locations: Kinmen, Taiwan, China, China’s, Beijing, It’s, Staten Island, , Taipei, Xiamen, AFP, Taiwanese, China's Xiamen
Chinese coast guard ships entered prohibited or restricted waters around Taiwan's frontline islands of Kinmen on Monday, a Taiwan minister told reporters on Tuesday amid a rise in tension with Beijing. Five Chinese coast guard ships entered prohibited or restricted waters around Taiwan's frontline islands of Kinmen on Monday, a Taiwan minister told reporters on Tuesday amid a rise in tension with Beijing. China's coast guard this month began regular patrols around the Taiwan-controlled Kinmen islands, which are close to China's shores, after two Chinese nationals died trying to flee Taiwan's coast guard after their boat entered prohibited waters. Kuan Bi-ling, head of Taiwan's Ocean Affairs Council, told reporters the Chinese boats left the area shortly after Taiwan's coast guard told them to leave. Six Chinese coast guard officers last week boarded a Taiwanese tourist boat carrying 11 crew and 23 passengers to check its route plan, certificate and crew licenses, leaving around half an hour later, Taiwan's coast guard said.
Persons: Lai Ching Organizations: Taiwan's Ocean Affairs Council Locations: Kinmen, Taiwan, Beijing, Five, China's, Taiwan's, China, Taipei
“It’s super scary,” a passenger told Taiwan’s United Daily News in a video upon returning to shore under the escort of a Taiwanese coast guard ship on Monday. “(The Chinese coast guard) chose a tourist vessel because it’s high profile – you would expect lots of people on the boat with cameras and phones,” he said. The stakes are high, as the increased presence and closer proximity of Chinese and Taiwanese coast guard vessels raise the specter of miscalculations that could potentially spiral into open conflict. Speaking to reporters about the inspection by the Chinese coast guard, Taiwan’s Defense Minister Chiu Kuo-kcheng highlighted such risks, saying the defense ministry is “very concerned” about potential miscalculations. Taiwan's coast guard inspects a vessel that capsized during a chase off the coast of Kinmen on February 14, 2024.
Persons: King Xia, ” Kuan, Taiwan’s, Ian Chong, Chong, , “ They’re, Chiu Kuo, Lai Ching, China’s, Nancy Pelosi’s, Tian Feilong, It’s, Tian, , Lai Organizations: Taipei CNN, Taiwan’s United Daily News, Taiwan’s Ocean Affairs Council, Democratic Progressive Party, National University of Singapore, South China, Taiwan’s, Taiwan Coast Guard Administration Locations: Hong Kong, Taipei, Taiwanese, Kinmen, China’s, Beijing, Taiwan, Xiamen, China, East, South, Taiwan's, Nauru, Taiwan Strait
The boarding of a Taiwanese tourist boat by China's coast guard triggered panic among Taiwanese people, a Taiwan minister said on Tuesday, as tensions rise across the sensitive Taiwan Strait. This comes after China announced on Sunday that its coast guard would begin regular patrols and set up law enforcement activity around the Taiwan-controlled islands of Kinmen. The boarding of a Taiwanese tourist boat by China's coast guard triggered panic among Taiwanese people, a Taiwan minister said on Tuesday, as tensions rise across the sensitive Taiwan Strait. Six Chinese coast guard officers on Monday boarded a Taiwanese tourist boat carrying 11 crew members and 23 passengers to check its route plan, certificate and crew licenses, leaving around half an hour later, Taiwan's coast guard said. Kuan said it was common for Chinese and Taiwanese tourist boats to accidentally entered the other side's waters.
Persons: Kuan Organizations: Taiwan's Ocean Affairs Council Locations: Taiwan, China, Kinmen, Taiwan Strait, Taiwan's, Taipei
Hong Kong CNN —China is increasing patrols in waters near a group of frontline islands controlled by Taiwan, as tensions rise after two Chinese fishermen drowned during a pursuit by Taiwan’s coast guard who accused them of trespassing. The patrols are likely to put Chinese coast guard vessels in closer proximity to their Taiwanese counterparts, potentially raising the risk of miscalculation and conflict. Two survived after being rescued by Taiwan’s coast guard, while the other two were found unconscious and confirmed dead after being taken to the hospital in Kinmen. Taiwan's coast guard inspects a vessel that capsized during a chase off the coast of the Kinmen islands on February 14, 2024. Over the past three years, 20 people from mainland China have been rescued by Taiwan’s coast guard, according to Kuan.
Persons: Gan Yu, Taiwan’s, , ” Kuan Organizations: Hong Kong CNN, Sunday, Democratic Progressive Party, China’s Taiwan Affairs, Taiwan Coast Guard Administration, Chinese Communist Party, Taiwan, China’s Taiwan Affairs Office, “ Fishermen, Mainland Affairs, Ocean Affairs Council, Kuomintang Locations: Hong Kong, China, Taiwan, Fujian, Xiamen, Taiwan’s, Kinmen, Beijing, Taiwan's, , Kuan, Taipei
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAsset management firm explains what's behind listing of Singapore's first AI-powered ETFAi Ling Ong of Lion Global Investors says the Lion-Nomura Japan Active ETF is the "first active ETF, also the first AI-powered ETF in Singapore, and also the only Japan-focused ETF listed in Singapore."
Persons: Ling Ong Organizations: Lion Global Investors, Nomura Japan Locations: Singapore, Japan
"It's basically a speakeasy," Edmonds told Business Insider. The cozy speakeasy offers live music and good drinks for those who can guess the daily password. According to Yelp, the spot isn't known for its food, but customers can find delicious cocktails at various price points, including $12 daiquiris and $15 original Hanson's Shoe Repair cocktail. Fortunately, the venue shares its daily password on X, formerly known as Twitter. The bar offers daily themes like Wu-Tang Wednesdays and A Tribe Called Quest Thursdays.
Persons: , Kevin Edmonds, He's, Edmonds, Yelp, Wu, Tang, we've, Mama Ling Organizations: Service, Business, Orlando, Orlando Public, Twitter, Chamber, Orlando's Milk Locations: Orlando, Central Florida, Ohio, South Eola, Orlando's, Gouda
What books are on your night stand? “Everything/Nothing/Someone” by Alice Carrière, “Everything’s Fine” by Cecilia Rabess, “The Drama of the Gifted Child” by Alice Miller, “Small Things Like These” by Claire Keegan, “Severance” by Ling Ma, “The Future” by Naomi Alderman. What books are you embarrassed to admit you’ve never read? I’m all about emotion and beauty of the language over intellect. I want to weep, not take notes.
Persons: Alice Carrière, Cecilia Rabess, Alice Miller, , Claire Keegan, “ Severance, Ling Ma, Naomi Alderman, What’s, Sting ”, Paul Murray, Read, you’ve, , Ulysses
I didn't know what I wanted to study in college. Working as a lawyer was exciting at firstI started working at an international law firm after graduating from the London School of Economics with my law degree. AdvertisementI struggled to come to terms with this because I didn't know what else was out there apart from the law. I didn't know exactly what I wanted to do, but I knew I wanted to create something personal to me. But I couldn't see a path toward it because I didn't know how to monetize what looked like a hobby.
Persons: , Ling Yah Wong, That's, It's, Wong, Red Hong Yi Organizations: Service, Business, London School of Economics, Malaysian, LinkedIn Locations: Malaysian
Dumpling Daughter CEO Nadia Liu Spellman didn't grow up in your average family-owned restaurant. That upbringing taught Liu Spellman the value of sharing authentic Chinese cuisine and inspired her to open her first Dumpling Daughter storefront in 2014. Liu Spellman married her childhood sweetheart, Kyle Spellman, and moved back to Boston at the end of 2010, the year after her father died. Three months after opening, Dumpling Daughter had lines "out the door and around the building" and frequently sold out, Liu Spellman says. Liu Spellman filed a federal lawsuit, and the competitors quickly asked to settle.
Persons: Dumpling, Nadia Liu Spellman didn't, Sally Ling's, Julia Child, Liu Spellman, Liu Spellman's, didn't, Edward Nan Liuand, Sally Ling, Nadia Liu Spellman, Sally, Kyle Spellman, , Organizations: Amazon, CNBC, Weston , Massachusetts . Press Locations: Boston, New York City, Fort Lee , New Jersey, Weston , Massachusetts
[1/6] A man sings for customers touring the Erhai lake on a sightseeing bus, in Dali, Yunnan province, China November 10, 2023. Many are former city-dwellers in search of an elusive prize in authoritarian China: Space for open discussion and exchange of ideas. POLICE OVERSIGHTThe local government has sought to attract young tech talent and in September asked digital nomads for input on policies, two community organisers told Reuters. Many digital nomads who use co-working spaces are involved with technologies like blockchain, according to organisers, which they say has drawn scrutiny from local authorities. Since digital nomads, unlike university students, "are not subject to structured discipline, they are harder to manage", she said.
Persons: Florence Lo, DALI, Trump, Xi Jinping, Minhua Ling, Dali, Xi's, Bai Yunxi, Xi, Bai, Chen Zhengyun, Chen, Ling, Laurie Chen, Katerina Ang Organizations: REUTERS, Geneva Graduate Institute, Reuters, Communist Party, Thomson Locations: Dali, Yunnan province, China, China's, Israel, Gaza, Yunnan, Beijing
Many are former city-dwellers in search of an elusive prize in authoritarian China: Space for open discussion and exchange of ideas. POLICE OVERSIGHTThe local government has sought to attract young tech talent and in September asked digital nomads for input on policies, two community organisers told Reuters. Many digital nomads who use co-working spaces are involved with technologies like blockchain, according to organisers, which they say has drawn scrutiny from local authorities. "We are more low-key and don't emphasise digital nomads in our marketing anymore," one co-working space staffer told Reuters, adding that conservative local governments in rural towns like Dali are "cautious of emerging technologies". Since digital nomads, unlike university students, "are not subject to structured discipline, they are harder to manage", she said.
Persons: Laurie Chen DALI, Trump, Xi Jinping, Minhua Ling, Dali, Xi's, Bai Yunxi, Xi, Bai, Chen Zhengyun, Chen, Ling, Laurie Chen, Katerina Ang Organizations: Geneva Graduate Institute, Reuters, Communist Party Locations: China, China's, Israel, Gaza, Dali, Yunnan, Beijing
Reaction to Alibaba's scrapping of cloud unit spin-off
  + stars: | 2023-11-17 | by ( ) www.reuters.com   time to read: +4 min
3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. Alibaba said its decision to shelve the spin-off was due to uncertainties fuelled by U.S. curbs on exports to China of chips used in artificial intelligence applications. Following are what people are saying about the decision:LI CHENGDONG, BEIJING-BASED TECH AND E-COMMERCE ANALYST:"I believe scrapping the cloud unit's IPO reflects a new development strategy implemented by the new leadership. In short, I think prior decisions to restructure and IPO certain business units will have to be reassessed based on prevailing market conditions. The international business is one of the few Alibaba units that’s growing fast, which puts it in a better position to explore external funding."
Persons: Dado Ruvic, Alibaba, LI, Daniel Zhang, Zhang, BRIAN WONG, CHARLIE CHAI, Eddie Wu, SERN LING, Casey, Josh Ye, Yelin, Anne Marie Roantree, Muralikumar Anantharaman Organizations: REUTERS, China's, HK, Cloud Intelligence, Casey Hall, Thomson Locations: HONG KONG, Hong Kong, China, BEIJING, AliCloud, Alibaba, Shanghai, Yelin Mo, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlibaba cancelling its cloud unit spin-off may actually be better for shareholders: AnalystVey-Sern Ling of UBP calls Alibaba Cloud one of the "crown jewels" of the Alibaba empire and says that a spin-off of the unit would have reduced the group's shareholder value.
Persons: Sern Ling, UBP, Alibaba
Alibaba Group's Hong Kong shares closed down 10%, their biggest single-day drop in more than a year. Some analysts said keeping the cloud unit could assist Alibaba's AI push. But (it) also points to the increasing importance of retaining the cloud unit given the surging demand for AI computing in China," said US Tiger Research analyst Bo Pei. Alibaba reported second-quarter revenue of 224.79 billion yuan ($31.01 billion), in line with the 224.32 billion expected by analysts, LSEG data showed. The company also said it will press ahead with a listing of Alibaba's logistics arm, Cainiao, which applied for a Hong Kong initial public offering in September.
Persons: Group's, Jon Withaar, Alibaba, Joseph Tsai, Aly, Jack Ma, Kenneth Fong, Bo Pei, Eddie Wu, Daniel Zhang, Vey, Sern Ling, Donny Kwok, Josh Ye, Casey Hall, Gu Li, Yelin, Ankur Banerjee, Anne Marie Roantree, Brenda Goh, Muralikumar Anantharaman Organizations: HK, Pictet Asset Management, Tencent Holdings, Artificial Intelligence, REUTERS, UBS, Tiger Research, Union Bancaire, Hong, Thomson Locations: HONG KONG, China, Hong Kong, Asia, U.S, Singapore, Washington, Hangzhou, Shanghai, Alibaba, Union, Yelin Mo, Beijing
The San Diego Zoo sent its pandas home in 2019 and the last bear at the Memphis, Tennessee, zoo went home earlier this year. Whatever the reason, San Diego Zoo officials were hopeful. "It is a moment with some heartbreak in it,” National Zoo Director Brandie Smith said at the time. The San Diego Zoo has been panda-less for four years and may need to upgrade or refurbish its facilities. The National Zoo had announced plans to renovate its panda house and outdoor enclosure, but the timing on those plans is unclear.
Persons: , Xi Jinping, Xi, Mei Xiang, Tian Tian, Xiao Qi Ji —, , Daniel Ashe, ” Dennis Wilder, ” Wilder, Wilder, Gavin Newsom's, Xi’s, Paul A, Baribault, Ling, Hsing, Brandie Smith, Le Le, Didi Tang, Amy Taxin Organizations: WASHINGTON, San Diego Zoo, National Zoo, Atlanta Zoo, Veteran, Economic Cooperation, Association of Zoos, Aquariums, Georgetown University’s Initiative, U.S, California Gov, San Diego Zoo Wildlife Alliance, , Zoo, Associated Press Locations: America, California, San Diego, U.S, Memphis , Tennessee, China, Veteran China, People's Republic, Asia, San Francisco, United States, Washington, Memphis, Santa Ana , California
The End of Panda Diplomacy?
  + stars: | 2023-11-08 | by ( Edward Wong | Erin Schaff | More About Edward Wong | ) www.nytimes.com   time to read: +1 min
Mei Xiang and Tian Tian arrived in 2000, about one year after Hsing-Hsing was euthanized due to kidney disease and eight years after Ling Ling’s passing from heart failure. The two new pandas stayed for a decade under the first formal pact, then remained under two consecutive five-year agreements. Mei Xiang gave birth in August 2020, at an age when scientists had thought she would no longer be able to have a baby. Zoos that host pandas outside of China usually agree to send cubs back before they turn 4, and to send adults back when they are elderly — Mei Xiang is 25 and Tian Tian 26. “I don’t want to have a panda pass away outside of China.”
Persons: Mei Xiang, Tian Tian, Hsing, Ling Ling’s, Xiao Qi Ji, , Melissa Songer, Locations: China, Washington
With Bamboo and Jade, Silkpunk Rebuilds History
  + stars: | 2023-10-22 | by ( Shannon Liao | ) www.nytimes.com   time to read: +1 min
The floating ships in the fantasy role-playing game Honkai: Star Rail are populated with traders, gourmets and literati who surf their texts on jade abacuses. The game, from the Chinese company miHoYo, combines a taste of the Qing dynasty with gifts of the digital age — holographic bonsai and teleportation gateways for instant travel. “We call it Eastern fantasies, silkpunk, that kind of vibe,” Fish Ling, miHoYo’s senior director of global business development, said this year, showing off the ways its newest video game wove cybertech into a tapestry of ancient culture. Cyberpunk and steampunk were terms popularized in the 1980s to describe science fiction or fantasy worlds that explore rebellion against authority and the ramifications of technology, whether through body augmentations in near-future dystopias or brass vehicles in Victorian-era settings. The offshoot silkpunk is a more recent creation by Ken Liu, a speculative fiction author whose Dandelion Dynasty series features a throne made of bamboo and silk with intricate jewel-like clockwork and a kite built from similar materials.
Persons: Fish Ling, miHoYo’s, Ken Liu
REUTERS/Thomas Peter/File Photo Acquire Licensing RightsHONG KONG/SHANGHAI, Oct 17 (Reuters) - China's Gemdale (600383.SS) saw its stocks and bonds plunge on Tuesday after the resignation of its chairman, as investors took no chances amid the debt crisis in the key real estate sector. However, investors concerned about the broader debt problems in China's property sector sold off the stock, which dropped by the daily 10% limit in afternoon trading in Shanghai. Gemdale has a total debt of 21.1 billion yuan ($2.88 billion) in the form of bonds due by the end of 2024, according to LSEG data. It ranked as China's 8th largest developer last year, according to private research firm China Real Estate Information Corp. It had sales of 221.8 billion yuan ($30.3 billion) last year and its financial fundamentals were stable, the company said in its annual report published in April.
Persons: Thomas Peter, Ling Ke, Gemdale, Huang Juncan, Ting Meng, Xie Yu, Li Gu, Edwina Gibbs, Miral Organizations: REUTERS, ANZ Bank China, Estate Information Corp, Thomson Locations: Beijing, China, HONG KONG, SHANGHAI, Shanghai, Hong Kong
Containers are loaded on the premises of the port operator PSA, the Port of Singapore Authority (PSA), at the Port of Singapore on 14 June 2022. Singapore's exports fell for a 12th straight month in September on a year-on-year basis as the trade-reliant economy grappled again with global headwinds on inflation and declining demand. Singapore's non-oil domestic exports, or NODX, fell 13.2% in September from the same month a year earlier, data on Tuesday showed, as both electronic and non-electronic exports to its top 10 markets declined. Last month's fall compared with a Reuters poll forecast of a 14.7% drop, and extended the 22.5% contraction seen in August. There were, however, some "green shoots" in some markets, said OCBC economist Selena Ling, adding that September's data suggested some stabilization.
Persons: Selena Ling Organizations: Singapore Authority, Port Locations: Port, Port of Singapore
A view of the Monetary Authority of Singapore's headquarters in Singapore June 28, 2017. In a move that surprised economists, the Monetary Authority of Singapore (MAS) said it would shift to a quarterly schedule of policy statements in 2024 from semi-annual. The MAS maintained the prevailing rate of appreciation of its currency policy band known as the Singapore dollar nominal effective exchange rate, or S$NEER. As part of the increased frequency of its policy statements, monetary policy will be reviewed in January, April, July and October instead of just April and October. Prior to April, the MAS tightened monetary policy five times in a row, including in two off-cycle moves last year.
Persons: Darren Whiteside, Chua Hak Bin, Chua, Selena Ling, Ling, Xinghui Kok, Kanupriya Kapoor, Martin Petty, Sam Holmes Organizations: Monetary Authority, REUTERS, Rights, Monetary Authority of Singapore, MAS, Singapore, Gross, Reuters, Thomson Locations: Singapore, Rights SINGAPORE
CNN —The Nobel Peace Prize will be awarded in Norway on Friday, as Russia’s brutal invasion of Ukraine rages on and other flashpoints threaten to ignite across the globe. But the peace prize can serve as a beacon of hope in fraught and fractured times. “I think it’s precisely in a situation like this that the peace prize becomes particularly important. But Nobel specialists have been quick to dismiss such speculation, saying it is rare for the peace award to go to a wartime leader. “It would be like saying in 1941 that (then-British Prime Minister) Winston Churchill should get the Nobel Peace Prize.
Persons: humanity’s, “ There’s, ” Dan Smith, ” Henrik Urdal, Volodymyr Zelensky, Winston Churchill, Zelensky, ” Smith, Bryan R, Smith, Urdal, , , ” Urdal, Alfred Nobel’s, Vladimir Putin, Putin, Center for Civil Liberties –, Ales Bialiatski, Dmitry Muratov, Muratov, ANDERSEN, El Niño, El Niño hasn’t, Victoria Tauli, Annie Ling, Juan Carlos Jintiach, Raoni Metuktire, Evaristo Sa, Lula da Silva Organizations: CNN, Stockholm International Peace Research Institute, Peace Research Institute, British, Getty, International Court of Justice, ICJ, Criminal Court, ICC, Ukraine – Memorial, Center for Civil Liberties, AFP, UN, New York Times, Brazilian Amazon, Brazil Locations: Norway, Ukraine, Stockholm, Peace Research Institute Oslo, Europe, SIPRI, AFP, Russia, Rome, Belarusian, Russian, Oslo, China, Pakistan, Canada, New York, Mexico, , Victoria, Ecuadorian, Brazilian, Amazonia
“These factors have enabled some of their ASEAN rivals to step out into the spotlight.”ASEAN, the 10-member Association of Southeast Asian Nations, includes Thailand, Singapore, Malaysia and Vietnam. For investors seeking emerging market exposure, Southeast Asia fits the bill, because of the region’s strong economic growth and increasing population, analysts say. Some Southeast Asia companies seeking listings in the U.S. look to raise between $300 million and $1 billion, with valuations ranging from $1.5 billion to $8 billion, bankers said, without naming any firms. “International investors are seeing the value of portfolio diversification that Southeast Asia provides,” Tay added. The expected pickup in Southeast Asian listings, however, could get derailed by share volatility and stringent investor scrutiny, analysts say.
Persons: , Leif Schneider, Sunil Khaitan, Kelvin Teo, Andrew Lim, Tay Hwee Ling, ” Tay, Anuruk Karoonyavanich Organizations: Nasdaq, REUTERS, Gushcloud International, Sunday, Reuters, VNG Corp, ASEAN, Association of Southeast Asian Nations, Carsome, Southeast, Bank, America’s, , U.S ., , Companies, Deloitte, “ International, DBS Locations: SINGAPORE, SYDNEY, United States, New York City, U.S, Singapore, New York, Philippine, Washington, Beijing, Vietnam, Thailand, Malaysia, Asia, Indonesia, Southeast, Southeast Asia, China
ASEAN, the 10-member Association of Southeast Asian Nations, includes Thailand, Singapore, Malaysia and Vietnam. For investors seeking emerging market exposure, Southeast Asia fits the bill, because of the region's strong economic growth and increasing population, analysts say. Some Southeast Asia companies seeking listings in the U.S. look to raise between $300 million and $1 billion, with valuations ranging from $1.5 billion to $8 billion, bankers said, without naming any firms. "International investors are seeing the value of portfolio diversification that Southeast Asia provides," Tay added. The expected pickup in Southeast Asian listings, however, could get derailed by share volatility and stringent investor scrutiny, analysts say.
Persons: DoubleDragon, Leif Schneider, Sunil Khaitan, Kelvin Teo, Andrew Lim, Tay Hwee Ling, Tay, Anuruk Karoonyavanich, Yantoultra Ngui, Scott Murdoch, Sumeet Chatterjee, Miral Organizations: Nasdaq, REUTERS, U.S, IPOs, Gushcloud International, Sunday, Reuters, VNG Corp, ASEAN, Association of Southeast Asian Nations, Carsome, Southeast, Bank, America's, U.S ., Deloitte, International, DBS, Thomson Locations: New York City, U.S, Asia, SINGAPORE, SYDNEY, United States, Singapore, New York, Philippine, Washington, Beijing, Vietnam, Thailand, Malaysia, Indonesia, Southeast, Southeast Asia, China, Sydney
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