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Alipay+ has launched in Sri Lanka, enabling cross-border mobile payments through the LankaQR network. This collaboration with LankaPay allows users of 14 international payment apps to transact at over 400,000 local merchants, simplifying payment processes for tourists from 10 countries, including China and South Korea. The initiative aims to boost local business and enhance the tourist experience.
Temasek and HSBC have partnered to establish a platform aimed at financing the expansion of renewable energy projects across Southeast Asia. This initiative is set to enhance the region's transition towards sustainable energy solutions.
Longbow Finance has appointed Alexandre Bouchardy as its new head of discretionary portfolio management in Lutry. Bouchardy, previously the head of fixed income at Weisshorn Asset Management, is well-known for his extensive 21-year tenure at Credit Suisse, where he held various senior roles, including head of asset management investment strategy and CIO of multi-asset solutions.
Longbow Finance, based in Vaud, has appointed Alexandre Bouchardy as its new head of discretionary portfolio management. Bouchardy, who joined the firm this month in Lutry, previously served as head of fixed income at Weisshorn Asset Management and is renowned for his 21 years at Credit Suisse, where he held several key positions, including head of asset management investment strategy.
Paul Arni, former CEO of VP Bank, has joined WRISE Singapore as a non-executive director, effective immediately. He will guide the firm's corporate strategy, governance, and risk management, emphasizing the importance of robust governance in wealth management. WRISE Group is expanding its presence in Asia, having recently launched offices in Shenzhen and Dubai.
Grab Holdings Ltd. is negotiating a loan of up to $2 billion to potentially acquire Indonesian tech company GoTo Group Inc. The proposed bridge loan, with a term of about 12 months, is still in early discussions with banks, and the deal could value GoTo at over $7 billion. Grab is also exploring other financing options, including bonds or equity, contingent on the acquisition's success.
Samvardhana Motherson International's share price rose over 3% to ₹135.20 after Goldman Sachs acquired 65.48 lakh shares for ₹87 crore at an average price of ₹132.7. The company reported a consolidated net profit of ₹879 crore for Q3 FY25, up from ₹542 crore a year earlier, with total revenue increasing to ₹27,666 crore. Despite a 7% gain in the last month, the stock has declined 13.5% year-to-date but has risen 15% over the past year and delivered multibagger returns of 107% in two years.
Singapore Airlines and American Express are enhancing their joint Business Credit Card, effective April 23, 2025, to provide SMEs with improved travel rewards. Key updates include increasing the conversion limit of HighFlyer points to KrisFlyer miles from 100,000 to 150,000 and offering KrisFlyer Elite Gold status for 100,000 points, down from 125,000. The card will also feature an earning rate of up to 8 HighFlyer points per S$1 spent on eligible flights, alongside existing benefits like 0% interest on six-month installments for Singapore Airlines flights and Accor Plus membership.
The American Express Singapore Airlines Business Credit Card will enhance travel rewards for SMEs starting 23 April 2025. Key benefits include an increased conversion limit of HighFlyer points to KrisFlyer miles, discounted KrisFlyer Elite Gold status redemption, and a welcome bonus of 10,000 HighFlyer points for new users. The card also offers up to eight HighFlyer points per SGD1 spent on eligible flights and an annual fee of SGD400.
Goldman Sachs Singapore acquired 65.5 lakh shares of Samvardhana Motherson at an average price of Rs 132.70 per share on March 25. Simultaneously, Kadesa Master Fund sold the same number of shares at the same price.
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Alipay plus launches cross-border mobile payments in Sri Lanka
09:23 26.03.2025
temasek and hsbc launch platform to support renewable energy in southeast asia
09:17 26.03.2025
longbow finance appoints former credit suisse expert as new portfolio manager
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longbow finance appoints alexandre bouchardy as head of portfolio management
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08:31 26.03.2025
former vp bank ceo joins wrise singapore as non-executive director
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08:26 26.03.2025
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Singapore Airlines and American Express enhance business credit card benefits for SMEs
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