HK's financial secretary is injecting HK$1.5bn into a scheme that helps Hong Kong businesses expand into mainland China, as Paul Chan predicts 2% to 3% GDP growth this year.
The Singapore-headquartered loan platform Lendela, which works with multiple banks and uses a 'reverse auction model', sees growth in markets with a “high level of maturity".
As operational costs remain high, businesses are looking for funding relief from the SAR's upcoming budget, according to DBS; meanwhile, some firms are looking to expand abroad into Asia and the Middle East.
Maud Thuaudet will replace Sreedhar N. in the group CFO role on April 1; Saint-Gobain's chairman praised the outgoing CFO for strengthening the group's "cash culture".
The 2025 Budget is bringing tax cuts, support for households, tax incentives for equities, more climate measures and support for AI; Singapore saw 4.4% GDP growth in 2024.
The economy, which climbed over ¥600 trillion for the full year, was bolstered by exports and private consumption. In 2024, more than 36 million people visited the country, spending a record amount.
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