real estate – Aisa Net http://aisa-net.com/ Fri, 15 Apr 2022 21:27:04 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://aisa-net.com/wp-content/uploads/2021/05/aisa-net-icon-150x150.png real estate – Aisa Net http://aisa-net.com/ 32 32 Inflation will put the new president in the dilemma of stimulus spending https://aisa-net.com/inflation-will-put-the-new-president-in-the-dilemma-of-stimulus-spending/ Wed, 09 Mar 2022 07:06:00 +0000 https://aisa-net.com/inflation-will-put-the-new-president-in-the-dilemma-of-stimulus-spending/













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Inflation will put the new president in the dilemma of stimulus spending

Shoppers walk past a fruit vendor at a traditional market in Seoul on Monday.  Yonhap
Shoppers walk past a fruit vendor at a traditional market in Seoul on Monday. Yonhap


By Yi Whan Woo

Soaring inflation is expected to pose a significant dilemma for the next president over his plan to increase government spending to bolster support for pandemic-hit small businesses, regardless of the national debt snowball effect.

Implementation of the plan was expected regardless of the outcome of the presidential election on Wednesday, given the two main presidential candidates ― Lee Jae-myung of the ruling Democratic Party of Korea (DPK) and Yoon Suk-yeol of the main opposition ― agreed on the need for a new round of additional budgetary expenditure.

Both candidates found this unsatisfactory and called for more spending when the National Assembly on February 21 passed a supplementary budget bill worth 16.9 trillion won (13.6 billion), up 2.9 trillion won from the initial proposal made by the administration of incumbent President Moon Jae-in in January.

However, the two leading contenders did not see it coming, when the global oil shock subsequently stoked inflation due to Russia’s invasion of Ukraine and subsequent sanctions imposed by Western powers against Moscow.

Both Lee and Yoon have pledged to spend another 50 trillion won on a relief package.

In addition to a supplementary budget, Lee and Yoon promised to spend hundreds of billions of won on improving welfare, while lowering taxes on real estate, stocks and other means of investment. However, it is still unclear how they will fund all of these proposed engagements.

Analysts said such expansionary fiscal policy may put further pressure on consumer prices, which rose more than 3% for the fifth straight month in February.

The rate of consumer price growth is above the inflation target of 2% set by the Bank of Korea (BOK) over the medium term. Inflation is expected to reach 4% if the war between Ukraine and Russia persists.

“It is a rule of thumb that increasing the supply of money in circulation leads to inflationary pressures, but the case may be more extreme for the next government,” said Chun So-ra, a researcher at the Institute. Korea for Development (KDI).

She pointed out that Korea’s budget deficit had exceeded 100 trillion won and the national debt had climbed to 240 trillion won – over seven rounds of supplementary budgets – including February under the Moon administration to make in the face of the fallout from the pandemic.

“It is unclear whether the new administration will issue treasury bills or take other relevant measures to fund the budget. But either way, the extra spending will make it more difficult to manage inflation and the recovery. economic at the same time,” Chun added.

The Moon administration’s expansionary fiscal policy has so far been seen as “out of step” with the central bank’s key interest rate hikes in recent months, as the policy can offset the effect of the hike that aims to appease inflation.

In this context, a government official suggested fixing the amount of the supplementary budget “as long as it will not undermine base rates and fuel inflation”.

According to data from the Ministry of Economy and Finance and the National Assembly Budget Office, the national debt may reach 2 quadrillion won by the end of the new president’s term in 2027, if the total budget is covered by the issue of Treasury bonds.
































































































]]> Chinese stocks fall amid geopolitical tensions; focus on the parliamentary meeting https://aisa-net.com/chinese-stocks-fall-amid-geopolitical-tensions-focus-on-the-parliamentary-meeting/ Fri, 04 Mar 2022 04:59:00 +0000 https://aisa-net.com/chinese-stocks-fall-amid-geopolitical-tensions-focus-on-the-parliamentary-meeting/

SHANGHAI, March 4 (Reuters) – Chinese stocks fell on Friday amid geopolitical tensions and concerns over the property market, with investors nervously watching for hints of an easing of measures at the next congressional meeting.

The CSI300 index (.CSI300) fell 0.9% to 4,509.53 at the end of the morning session, while the Shanghai Composite Index (.SSEC) lost 0.7% to 3,458 ,30.

The Hang Seng Index (.HSI) fell 2.7% to 21,867.45. The Hong Kong China Enterprise Index (.HSCE) fell 2.5% to 7,699.14.

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** China’s parliament begins its annual meeting on Saturday, when it is expected to unveil more stimulus measures to mitigate a slowdown in growth in a politically sensitive year, with the war in Ukraine adding further uncertainty. Read more

** China’s central bank may lower a key interest rate this month, the official China Daily reported on Friday. Read more

** Property developers (.CSI000952) lost 1.7% and Banks (.CSI000951) edged down 1%.

** The number of Chinese companies “persistently late” on commercial paper payments more than doubled in February from the previous month as China’s real estate sector continued to struggle with a liquidity crunch. Read more

** The CSI Computer Index (.CSI930651) fell 1.8%, while New Energy Vehicles (.CSI399976) fell 2.3%.

** “The latest developments in global geopolitical tensions, real estate market uncertainties and the COVID-19 situation raise heightened concerns,” Morgan Stanley said in a note.

** The research firm also said investors should “stay cautious and watch for inflection after the NPC (National People’s Congress) and Q4 earnings results.”

**Hong Kong shares followed a tumble in Asian stock markets as investors took fright at reports of a burning nuclear power plant amid fierce fighting between Ukraine and Russian troops. Read more

** The Hang Seng Tech Index (.HSTECH) fell more than 4% to a record high, with Meituan (3690.HK), Alibaba (9988.HK) and Tencent (0700.HK) down 3 .8% to 7.1%.

** The Hang Seng Finance Index (.HSNF) fell 2%, while the Consumer Discretionary Index (.HSCICD) fell more than 4%.

**While many property developers tumbled amid real estate woes, Country Garden (2007.HK) jumped 6.3% after signing a 15 billion yuan ($2.37 billion) deal in M&A facilities with China Merchants. Read more

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Report from the Shanghai Newsroom

Our standards: The Thomson Reuters Trust Principles.

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CEO Spotlight: Jakapun Viwatkurkul, CEO and Chairman of Mstar Holding https://aisa-net.com/ceo-spotlight-jakapun-viwatkurkul-ceo-and-chairman-of-mstar-holding/ Tue, 01 Mar 2022 00:56:56 +0000 https://aisa-net.com/ceo-spotlight-jakapun-viwatkurkul-ceo-and-chairman-of-mstar-holding/

Jakapun Viwatkurkul is the CEO and Chairman of Mstar Holding, a global CONGLOMERATE holding company heavily invested in sectors such as advanced technology development, food, real estate, e-commerce, gold mining, telecommunications , finance, education and healthcare with current expansion in Thailand, United Arab Emirates and India. With the company’s recent global push into 2022, we want to know how Mr. Jakapun manages the company’s structures and systems. Today, we will take an in-depth look at Mr. Jakapun’s mindset and learn how he manages and invests in all areas of the business while keeping his vision projected forward.

Q: Can you describe in a few words how the expansion into the United Arab Emirates, Thailand and India will affect your business growth? What is your project in these countries?

Jakapun Viwatkurkul: We work with the United Arab Emirates on importing products by selling direct to Dubai and using Dubai as a hub to the Middle East. We are also launching several food apps and delivery apps in Dubai over the next quarter with investment from our finance division Mstar Capital Group. This alone will help Mstar Holding fully understand what the UAE needs and how we can help it grow further.

For India, we are bringing various Thai food franchises to India which we believe can open doors for more Thai businesses to expand overseas. We are also starting preparations for manufacturing facilities for Nut products in India, as the market there is very large. We also import (in collaboration with the Thai government) various Thai food products for sale in India. This alone will help push Thai suppliers to be more comfortable entering new markets with our help. This will help increase the sales volume to more than double thanks to the award and financial support of India-Thailand collaboration through Mstar Holding. It will also create jobs and growth for all countries. Creating a win-win situation is essential for us.

Q: With the recent Covid-19 and the many business downturns around the world, how can your business continue to invest while showing growth?

Jakapun Viwatkurkul: While everyone stops and waits, we quickly acquire companies that have growth potential but limited cash flow for a penny on the dollar. We are able to cash out and earn big money in new markets and existing sales channels. We believe people will always have to spend money, so all you have to do is make it affordable and find bigger, newer markets for them to see, no matter what the current situation is. Thanks to our venture capital firm, Mstar Capital Group, we thought covid-19 was the best time for us. We have developed a keen eye to spot great opportunities with great returns, regardless of the current global situation. This is what sets us apart from other companies during this pandemic.

Q: What are the main strategies you implement to facilitate the growth of your business? What can others learn from you?

Jakapun Viwatkurkul: Our strategy is to keep an open mind at all times and quickly open new networks by working with new countries that need products and services. We work with various governments in multiple countries to help open new markets and bring new technologies and services to those countries. We believe in helping others. By showing our vision, teams and projects to key government partners, we can help build trust in our business while helping people believe in their government. This is a collaborative effort and I believe Mstar Holding can create a perfect synergy to accommodate this approach.

Q: What’s the best advice for other CEOs struggling to grow their business?

Jakapun Viwatkurkul: You just have to be unique and adapt to the environment. Never stop growing your connection. Always prioritize your R&D to create new products and services. Never stop and always think that you are still in the starting stage to keep pushing yourself to the finish line. Always be different and think big. Every problem is just a game and you just need to win these games.

Q: What is the roadmap of Mstar Holding’s future plans?

Jakapun Viwatkurkul: Our roadmap is to invest in a country like Myanmar in products that will grow and still have value in the future. We know that Myanmar currently urgently needs new systems and technologies to move forward. This is where Mstar Holding comes in. Our current focus is to have a strong focus on investment in the mining and telecommunications sector in Myanmar. Our roadmap is to create sustainability and growth across all of our sectors and to be the largest company in Thailand with the helpful support of government officials in Thailand, Myanmar, Dubai and India to help us become a key player in promoting economic growth and new innovations throughout.

Did you read?

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# Jamie Dimon: the most powerful banker in the world.


Follow the latest news live on CEOWORLD magazine and get news updates from the United States and around the world. The opinions expressed are those of the author and not necessarily those of CEOWORLD magazine. Follow CEOWORLD magazine on Twitter and Facebook. For media inquiries, please contact: info@ceoworld.biz

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China’s real estate market is expected to rebound this year https://aisa-net.com/chinas-real-estate-market-is-expected-to-rebound-this-year/ Fri, 25 Feb 2022 04:53:35 +0000 https://aisa-net.com/chinas-real-estate-market-is-expected-to-rebound-this-year/

By Liangping Gao and Ryan Woo

BEIJING (Reuters) – Shaken by a shortage of cash among developers, China’s property market is expected to remain weak in the first half of 2022 before rebounding later in the year as policies aimed at encouraging buyers help restore sentiment, according to a Reuters poll.

After being a mainstay of strength in the world’s second-largest economy, the heavily indebted real estate sector faltered last year when Beijing launched a deleveraging campaign that caught several major developers by surprise, disrupting project deliveries and dampening morale. buyers.

In addition to battling a rapidly cooling real estate sector, China has also encountered sporadic outbreaks of COVID-19 that could deal a heavy blow to factory production and consumption.

Average home prices are expected to fall 1.0% year on year in the first half, according to a Reuters survey of 17 analysts and economists conducted between February 16 and 23. The estimate remained unchanged from that of a Reuters poll in November.

For the year as a whole, house prices are expected to rise 2.0%.

“House prices are likely to rise if restrictions are eased,” said Li Qilin, chief economist at Hongta Securities, adding that the credit environment and regulatory policies on real estate have eased slightly since the month. beginning of this year.

“Real estate transactions in first- and second-tier cities, supported by their economic and demographic advantages, will be remarkably better than in third- and fourth-tier cities.”

Authorities unveiled a series of measures to boost sales and sentiment, including giving developers easier access to stranded pre-sale funds, requiring lower down payments for first-time home buyers and allowing banks businesses to reduce mortgage rates.

Analysts are more bullish on housing demand and supply than in the last Reuters survey, although they said sentiment has not fully recovered and property companies still face funding pressures .

For demand, real estate sales are expected to fall 14.0% in the first half, following a 16.0% drop in the November survey. Sales are expected to fall by 7.5% for the year as a whole.

Many respondents said policies governing demand, especially actual demand, would be relaxed, but for now sellers were relying on the discount offer.

“Homebuyers’ confidence has yet to be restored, and rebates are still a key marketing tool,” said Huang Yu, vice president of China Index Academy, a real estate research institute based in China. Beijing.

“Tier 1 and 2 cities will see an increase in the scale of new home transactions, leading to a structural rise in house prices nationwide.”

China’s housing minister pledged on Thursday to keep the real estate market stable this year and ensure that real housing demand is met.

Investment by property companies should fall by 2.0% in H1 and gain 1.5% over the year as a whole. Reuters previously forecast investment to fall 3.0% in the first half of 2022.

Real estate investment rose 4.4% in 2021, the slowest pace in 17 months, while property company sales by area rose 1.9%.

“Real estate companies under pressure on capital will act cautiously on land purchases and real estate investments,” said Lu Wenxi, chief analyst at real estate agency Centaline.

Daniel Yao, China research manager at JLL, a commercial real estate services provider, expected authorities to provide more loans to real estate companies for project development and make it easier for them to issue bonds. to relieve liquidity pressure and stabilize the outlook.

Of the 17 respondents, 13 said China would delay rolling out a property tax pilot given the pressure on its economy.

(For more stories from Reuters Quarterly Housing Market Surveys:)

(Reporting by Liangping Gao and Ryan Woo, Additional reporting by Jenny Su and Wang Shuyan; Editing by Simon Cameron-Moore)

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The week that was — February 14-19 https://aisa-net.com/the-week-that-was-february-14-19/ Sun, 20 Feb 2022 01:30:48 +0000 https://aisa-net.com/the-week-that-was-february-14-19/

Traders continue to stay busy as the flurry of news from the private markets shows. Let’s dive into the big stories of the past week.

The Bargain corner

One of our scoops this week featured Indonesian digital payments platform Xendit, which is finalizing a new funding round worth over $200 million from global investors Coatue Management and Insight. Partners.

Singapore’s sovereign wealth fund GIC has invested $170 million for a minority stake in Asia Healthcare Holdings, South Asia’s largest single-specialty healthcare platform backed by private equity firm TPG.

Merchant trading platform Pine Labs secured $150 million from New York-based investment firm Alpha Wave Global in a round that included a mix of primary and secondary deals. The Sequoia Capital-backed company has received $75 million in equity funding from Alpha Wave so far, according to regulatory filings.

Singapore-based startups Zilingo and ShopBack, both backed by public investor Temasek Holdings, are reportedly looking to raise at least $150 million each in separate funding rounds that could push them into the unicorn club.

Southeast Asian online lending platform Funding Societies, popularly known as Modalku in Indonesia, raised $144m in a Series C+ round, as well as $150m of debts. SoftBank Vision Fund 2 led the round.

Indonesia-based digital banking and financial platform Akulaku has raised $100m in new funding from Thai lender Siam Commercial Bank (SCB) in what is believed to be a pre-IPO round in stock exchange. The company is expected to consider listing later this year.

Alternative protein maker Next Gen Foods has raised $100 million in a Series A funding round from Indonesia-based venture capital firm Alpha JWC Ventures and other backers including EDBI and the British company MPL Ventures, a venture capital firm owned by Paul McCartney.

Social e-commerce startup DealShare has raised an additional $45 million in its Series E funding round from an affiliate of the Abu Dhabi Investment Authority. The latest funding brings its total funding to $393 million and its valuation to $1.7 billion.

Silent Eight, a Singapore-based startup that uses artificial intelligence to fight financial crimes, raised $40 million in a Series B funding round. The latest round was joined by backers Wavemaker Partners and SC Ventures, the venture capital arm of Standard Chartered.

Reebelo, a Singapore-based e-commerce marketplace that lets users buy and sell used tech gadgets, raised $20m in a Series A round led by venture capital firms Cathay Innovation and June Fund.

Singapore-based Appboxo, a platform that allows customers to build their own awesome apps, has raised $7 million in a Series A round led by RTP Global.

Lummo, an Indonesian direct-to-consumer SaaS startup formerly known as BukuKas, has secured an undisclosed amount of funding from Jeff Bezos’ personal investment firm Bezos Expeditions as part of its Series C round.

News of mergers and acquisitions

B2B fintech unicorn Nium is in preliminary talks to acquire SoCash, a Singapore-based fintech startup, industry sources have told DealStreetAsia. The deal will likely be a share swap, with the two sides expected to discuss further details in the coming weeks.

Bangladeshi travel technology platform GoZayaan has acquired Pakistani online travel and tourism portal FindMyAdventure. Although the size of the deal was not disclosed, sources told DealStreetAsia that it was over $3.5 million.

Fund Manager Updates

Malaysia-based private equity firm Creador has so far raised $660 million for its fifth fund and expects to close the vehicle within the next two months.

Singapore-based venture capital firm Jungle Ventures is exploring secondary sales for portfolio companies such as interior design startup Livspace, B2B commerce platform Moglix and SaaS company Deskera.

US pension fund Virginia Retirement System (VRS) has committed a total of $525 million to two Asia-focused vehicles – a private credit fund managed by Ares SSG and a closed-end fund Blackstone which invests in the opportunistic real estate.

Singapore-based private equity real estate firm Q Investment Partners is aiming to raise $100 million in capital to acquire multi-family housing assets in Japan, CEO and co-founder Peter Young told DealStreetAsia.

The Texas Employees Retirement System (ERS) has made a $50 million commitment to PAG Real Estate’s latest core-plus/value-add pan-Asian real estate fund.

Avendus Future Leaders Fund II has secured capital commitments worth $200 million, primarily from Indian investors. The fund was initially aiming to raise Rs 750 crore ($100 million) with a greenshoe option of another Rs 500 crore ($67 million).

Hong Kong-based life sciences venture capital (VC) firm Delos Capital has made the first closing of its $300 million Fund III with the backing of investors from the United States and China. Greater China.

Chinese alternative asset management firm Sino-Ocean Capital has set up a $600 million Special Situations Fund to invest in residential properties in key cities in the Yangtze River Delta Economic Zone on the central coast of China and in the southern Greater Bay Area.

Australian renewable energy investor Clean Energy and Finance Corporation (CEFC) has committed $80 million to IFM Investors’ second middle-market private equity (PE) fund.

Dutch development bank FMO has proposed an $18 million investment in Singapore-based venture capital firm Jungle Ventures’ fourth Southeast Asia-focused venture capital fund.

UAE-based investment firm Gulf Capital is set to launch its fourth private equity fund this year, targeting more assets in Southeast Asia. The company opened an office in Singapore in December to invest in Southeast Asia and India.

Blackstone has acquired a majority stake in ASK Investment Managers Limited (ASK), one of India’s largest asset and wealth management companies, for an undisclosed amount. It acquired the stake from private equity firm Advent International and other sellers.

Swiss bank Pictet Group plans to step up its alternative investments by tracking growth in the healthcare, technology and environment sectors. Pictet Alternative Advisors (PAA), a 100% owned unit of the bank, is set to launch its third thematic fund, focused on investing in companies related to the environment.

Data and analysis

Sea Ltd’s popular NYSE-listed game Free Fire and 54 other Chinese-origin apps were banned by India this month over security concerns. The ban poses a serious risk not only to the company’s gaming business, but also potentially to its e-commerce initiatives through Shopee, writes editor Angus Mackintosh in this article.

We spoke to Anuj Maheshwari from Temasek to understand the factors driving agriculture and food investments from the public investor. The company was one of the top three investors in the space last year and has invested more than $8 billion in food-related ventures since 2013.

Boosted by a pick-up in risk appetite and improving exit prospects, Southeast Asian venture capital firms saw 21 final closings in 2021, nearly double the year’s total former. Although the number remains below pre-pandemic levels, it is a clear sign that the overall fundraising landscape is improving, according to the latest report from DealStreetAsia – DATA ADVANTAGE.

Nearly 20 social commerce startups in Southeast Asia have announced new funding rounds since the start of 2020, led by Indonesia. What is driving interest in this segment?

Eight of the 25 new Southeast Asian unicorns in 2021 came from Thailand, Malaysia, Vietnam and the Philippines. Can we expect these markets to produce more this year?

weekend reading

How does a new Singapore-based oat milk brand plan to compete against rivals such as Oatly in the crowded dairy alternatives market? We posed this and other questions to OATSIDE, which was founded by a former Heinz ABC executive, and his private equity firm Proterra.

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Sensex, Nifty end a bit lower; Cement UltraTech, M&M, Infy, RIL weight https://aisa-net.com/sensex-nifty-end-a-bit-lower-cement-ultratech-mm-infy-ril-weight/ Fri, 18 Feb 2022 10:50:16 +0000 https://aisa-net.com/sensex-nifty-end-a-bit-lower-cement-ultratech-mm-infy-ril-weight/

India’s stock market continued its lackluster trading for the third straight session as it struggled for firm direction amid the absence of any major developments on the domestic or global front. Additionally, mixed signals from global peers also weighed on the market, with lingering concerns over Ukraine-Russia tensions and fears of aggressive US Federal Reserve policy triggering a sell-off in stocks. world. The Ukrainian crisis prompted investors to go into risk aversion mode and focus on safe havens.

Extending the slide for the third session, the BSE Sensex closed 59 points, or 0.1%, down at 57,833, and the NSE Nifty was down 23 points, or 1.16%, at 17,276.

In a similar trend, the broader markets also finished lower. The S&P BSE Midcap and Smallcap indices fell 0.8% each.

The overall market breadth on BSE was negative, with 2,272 shares falling out of a total of 3,706 shares traded. Only 1,288 stocks advanced and 146 remained unchanged.

Excluding capital goods and banking, all sectors end in red

On the sector front, all indices closed in negative territory, with the exception of capital goods and banks. The BSE real estate index was the biggest loser with a loss of 1.23%, led by Sobha, Godrej Industries, Indiabulls Real Estate, Sunteck Realty and DLF.

The BSE oil and gas index also saw a strong increase in sales and ended down 1.14%. The main losers in the oil and gas sector were ONGC, Adani Total Gas, Petronet LNG, HPCL and Reliance Industries.

Top winners and losers

Both the BSE Barometer and benchmark Sensex closed slightly lower with 13 of the top 30 stocks closing higher. The top Sensex pack winner was mortgage lender Housing Development Finance Corporation Ltd. (HDFC), which ended up 1.25%.

Other notable gainers are Larsen & Toubro, Axis Bank, State Bank of India and Kotak Mahindra Bank, which rose 0.7%.

On the losing side, UltraTech Cement topped the charts with a 2.03% decline. Other underperformers include Mahindra & Mahindra, Infosys, Reliance Industries and Bajaj Finance, which fell in the range of 0.7% to 1.4%.

Shares in the news

Ambuja cements: Shares of the company ended down 5.9% after reporting a weak operational performance for the December quarter due to higher fuel prices and flat achievements. Profit after tax decreased by 36.2% year-on-year to ₹317.4 crore, mainly due to lower operating margins and an exceptional charge of ₹65.7 crore due to restructuring.

GR infraprojects: The share of construction and engineering companies closed down 2.3%, after falling 4% to an all-time low of ₹1,485.80 on BSE. The share price has fallen 22% so far this February after announcing disappointing results for the December quarter (Q3FY22).

TCPL packaging: Shares of TCPL Packaging rose 20% to a 52-week high of ₹727 with a good outlook. The company reported a 20% year-on-year (YoY) rise in cash profit to ₹34.8 crore for the December quarter (Q3FY22), while revenue rose 12.9% year-on-year to 274 ₹ crores.

Venky’s (India): Shares of the poultry processing company closed down 2.2% following reports of bird flu in Thane, Maharashtra.

Veritas India: The stock price fell 2% as investors weighed the disappointed December quarter results. Net profit fell 40% year-on-year to ₹17.8 crore in the third quarter of the current financial year from ₹29.5 crore in the same period a year ago.

Global stocks mixed on Ukraine woes

Stocks in the Asia-Pacific region and the European market were trading mixed today amid looming fears of a Russian invasion of Ukraine. US President Joe Biden has warned that Moscow may be on the verge of invading Ukraine as it has failed to withdraw its troops from the border. Russia has amassed 45,000 troops in Belarus, near the Ukrainian border.

Australia’s ASX 200 index ended down 1%, Japan’s Nikkei 225 index fell 0.4% and Singapore’s Straits Times index lost 0.35%.

The Hang Seng index in Hong Kong was the region’s worst performer with a loss of 1.88%, while Taiwan Weighted fell 0.2%.

On the other hand, mainland China stocks were among the best performers in the regional market, with the Shenzhen component and the Shanghai composite up 0.27% and 0.66%, respectively. South Korea’s KOSPI finished a little higher, Indonesia’s Jakarta Composite jumped 0.84% ​​and Thailand’s SET Composite finished slightly higher.

In the European market, stocks opened on a mixed note, after a negative finish on Wall Street overnight. Investors were awaiting the outcome of US Federal Reserve policy as the central bank begins its two-day meeting tonight. The German DAX is down slightly early in the trade, while the French CAC index and the UK FTSE 100 index are trading a bit higher.

In day-to-day trade, all three major U.S. indexes closed lower amid concerns over political tensions between Russia and Ukraine. The Nasdaq Composite Index was the worst performer with a 2.9% loss as growth-oriented tech stocks were hammered by fears of a rate hike. The S&P 500 fell more than 2% and the Dow Jones lost 1.8%.

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Spotlight on Trusts & Estates Attorney Joseph Bellinghieri (1) https://aisa-net.com/spotlight-on-trusts-estates-attorney-joseph-bellinghieri-1/ Fri, 04 Feb 2022 14:04:23 +0000 https://aisa-net.com/spotlight-on-trusts-estates-attorney-joseph-bellinghieri-1/

Our Spotlight series sheds light on the careers and lives of tax professionals around the world. This week’s Spotlight is on Joseph Bellinghieri, a tax attorney who represents individuals and businesses with a variety of real estate, tax, real estate and business issues at MacElree Harvey in West Chester, PA.

Joe is also a Pennsylvania CPA and Licensed Realtor, which allows him to provide his clients with different perspectives on their issues.

Joe was voted Super Lawyer by SuperLawyers.com for two consecutive years and Top Lawyer by Main Line Today for six consecutive years. He is a member of the Chester County Bar Association, the Pennsylvania Bar Association, the Chester County Estate Planning Council (past president), the West Chester Chamber of Commerce (past board member and treasurer), and the Chester County Bar Foundation.

In his spare time, Joe enjoys drinking and making wine (in that order), travelling, biking and hiking. His favorite travel destinations are Thailand, Greece, Hawaii, Peru, Italy, Croatia and Bosnia and Herzegovina.

1. What is your official title and what does it mean? I’m a partner at the law firm MacElree Harvey. I head the trusts and estates department. We assist our clients with their estate planning needs

2. Free time: book, audiobook or podcast? Definitely a book, and since my two children are currently in high school, I enjoy reading their assigned books and discussing them with them.

3. Taxation is a big topic. What is your particular area of ​​interest? As an estate lawyer, I mainly deal with inheritance rights. However, I’m also a CPA, so I’m also interested in income taxes and dealing with that.

4. What is the last movie or show you watched and liked (DVD, Netflix or at the cinema)? I’m still watching “Yellowstone” and “Ozark”. Both are great shows, in my opinion.

5. What college did you attend and what did you study? I majored in finance and accounting at Drexel University in Philadelphia, it was a big help in my career. Drexel also had a co-op program which I found very useful and helped me get various contacts, which I still use today. I attended George Washington University Law School where I earned my JD and earned my LL.M. in Taxation at Georgetown University Law Center.

6. Go to pick-me-up: Coffee or tea? Iced coffee – I’m not a sipper so it has to be iced coffee.

7. What is the best tax or financial advice you have ever been given? The earlier you save, the more your savings will grow.

8. If you weren’t working in the tax profession, what would your dream job be? Lead singer of a famous rock bank. Don’t forget my family told me I might be the worst singer in the world, but that’s my dream, not theirs.

9. If you had the option of making one change in the tax world – an extra credit, a disallowed deduction, whatever – what would it be? I would definitely extend the tax return filing date to May 15th.

10. Favorite food, snack or treat during tax time or other busy time? Anything that goes with red wine.

11. What tax news or ruling has had the most impact on your practice or clients in the past year? The possible reduction of the inheritance tax credit. Many of my clients wanted to take advantage of the unified credit of $11,700,000 – for federal estate and gift tax purposes – before it was reduced.

12. If you received a big tax refund check right now, what would you do with it? Send it back – it must have been a mistake

You can find Bellinghieri on Linked In.

You can find out more about MacElree on their website and on Facebook.

If you would like to recommend a tax professional to be listed, send your suggestion to curb@bloombergindustry.com with subject: Spotlight. Please include the following information: name, title, email address and geographic area (city/state/country) of the tax professional.

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NextPlay Technologies’ Longroot Selected by Ample Health to Lead Security Token Offering https://aisa-net.com/nextplay-technologies-longroot-selected-by-ample-health-to-lead-security-token-offering/ Thu, 27 Jan 2022 14:15:00 +0000 https://aisa-net.com/nextplay-technologies-longroot-selected-by-ample-health-to-lead-security-token-offering/

SUNRISE, Fla., Jan. 27, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — NextPlay Technologies, Inc. (NASDAQ: NXTP), a digital commerce ecosystem for digital advertisers, consumers, video gamers and travelers, reported that its license long root The Digital Token Offering Platform will serve as financial advisor and underwriter for the Security Token Offering (STO) offered by Ample Health (“Ample”).

Ample Health is an emerging cannabis company operating from seed to sale in Southeast Asia. The company is looking to use the proceeds from its STO to fund its development and global expansion.

Longroot will be responsible for structuring the offering and raising initial capital to fund the STO. This will involve developing registration statements for all relevant jurisdictions, including preliminary and final prospectuses. He intends to lead Ample through the regulatory approval process and then help with pricing and the launch of the STO through the Longroot portal.

“This Ample Health STO represents a tremendous opportunity for us to represent a major customer in the growing global cannabis space,” commented Todd Bonner, Director of Longroot (Thailand) Limited and President of NextPlay Technologies. “Once completed, we believe it will represent the first of many successful STOs for Longroot that we are currently moving forward through our pipeline.”

Ample Health is looking to tap into the global cannabis market, which is expected to grow at a compound annual growth rate of 32% from $28.3 billion in 2021 to $197.74 billion by 2028, according to Fortune Business Insights.

Akira Wongwan, CEO and Co-Founder of Ample Health, said, “We chose Longroot to lead our STO because of their experienced management and established presence in the digital offering market, as well as their license and its supervision by the Thai federal government. Together, we believe this will ensure a very successful STO and the launch of our global cannabis platform.

The proposed offering aims to raise between 100 and 250 million US dollars. Longroot will receive management and placement fees on the proceeds raised immediately following the closing of the offering, which is expected to occur by summer 2022.

Warning

The information contained in the press release is for informational purposes only. It is not intended to be, and should not be construed as, an offer or solicitation for the purchase or sale of any financial instrument, security or digital currency, or as an official confirmation of any transaction. All market information, data and other information included herein is not guaranteed to be complete or accurate and is subject to change without notice.

This press release does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities in the United States will be made by means of a prospectus which may be obtained from Ample Health and will contain detailed information about the company and management, as well as financial statements.

About Ample Health

Ample Health is an emerging cannabis company operating from seed to sale in Southeast Asia. It aims to create synergy between producers, extractors, retailers and regulators, to help them compete in the national and international cannabis market and create a fair and sustainable industry for all.

About Longroot

Authorized and regulated under Thailand’s Federal Digital Assets Act and licensed by the Securities & Exchange Commission of Thailand, Longroot (Thailand) Limited provides fully regulated and licensed digital asset financing and investment services for assets digital. Longroot is focused on creating regulated cryptocurrencies used in wholesale travel, real estate and hotels, gambling assets, insurance, and digital advertising. As a Thailand-based company, Longroot is indirectly controlled by NextPlay Technologies. For more information, visit longroot.co.th.

About NextPlay Technologies

NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company providing gaming, in-game advertising, crypto-banking, connected TV and travel booking services to consumers and businesses across the world. growing global digital ecosystem. NextPlay’s engaging products and services use innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of its existing and acquired technologies. For more information about NextPlay Technologies, visit www.nextplaytechnologies.com and follow us on Twitter @NextPlayTech and LinkedIn.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning and scope of the safe harbor provided by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, beliefs or forecasts regarding future events and performance. A statement identified by the use of forward-looking words such as “will”, “may”, “expect”, “intend”, “project”, “anticipate”, “plan”, “believe” , “estimates”, “should”, and certain of the other preceding statements may be considered forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to differ materially from those suggested or described in this press release. . Factors that could cause such a difference include risks and uncertainties, including, but not limited to, our need for additional capital which may not be available on commercially acceptable terms, if at all, which raises questions about our ability to continue our business; the fact that the COVID-19 pandemic has had, and is expected to continue to have, a material adverse impact on the travel industry and our business, results of operations and liquidity; current regulations governing digital currency activity are often unclear and evolving; the future development and growth of digital currencies is subject to a variety of factors that are difficult to predict and assess, many of which are beyond our control; the value of digital currency is volatile; amounts owed to us by third parties which may not be paid on time or at all; certain amounts we owe for unpaid debt that are secured by substantially all of our assets and any penalties we may incur in connection therewith; our being heavily indebted, which could adversely affect our business and financial condition; our revenues and results of operations being subject to the ability of our distributors and partners to integrate our alternative accommodation rental (ALR) properties into their websites, and the timing of such integrations; uncertainty and illiquidity in credit and capital markets which may impair our ability to obtain credit and financing on acceptable terms and may impair the financial strength of our business partners; the Company’s officers and directors have the ability to exercise significant influence over the Company; shareholders may be significantly diluted by our efforts to obtain financing, meet our obligations and make acquisitions by issuing additional shares of our common or preferred stock; if we are unable to adapt to changes in technology, our business could suffer; our travel business is largely dependent on property owners and managers renewing their listings; if we do not adequately protect our intellectual property, our ability to compete could be impaired; our long-term success depends, in part, on our ability to expand our owner, manager and traveler bases outside of the United States and, therefore, our business is sensitive to the risks associated with international operations; changes or adverse interpretations of governmental regulations or taxation of the evolving ALR, Internet and e-commerce industries that could adversely affect our results of operations; risks associated with the operations, businesses and regulations of Longroot and NextBank International (formerly IFEB); the market in which we participate is highly competitive, and because of this, we may be unable to compete successfully with our current or future competitors; our potential inability to adapt to changes in technology, which could adversely affect our business; the volatility of our stock price; that we may be held liable for the activities of our property owners and managers, which could damage our reputation and increase our operating costs; and that we have incurred significant losses to date and require additional capital which may not be available on commercially acceptable terms, if at all. Further information about the risks and uncertainties facing NextPlay is detailed from time to time in NextPlay’s periodic reports filed with the SEC, including its most recent annual report on Form 10-K and its quarterly reports on Form 10. -Q, under “Risk Factors”. These reports are available at www.sec.gov. Other unknown or unpredictable factors could also materially adversely affect the Company’s future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected. The forward-looking statements contained in this press release speak only as of the date hereof. The Company undertakes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties who are not paid by the Company. If we update one or more forward-looking statements, no conclusion should be drawn that we will make additional updates with respect to such or other forward-looking statements.

SOURCE: NextPlay Technologies, Inc.

Company details :

NextPlay Technologies, Inc.

Richard Marshall

Director of Corporate Development

Tel: (954) 888-9779

Email: richard.marshall@nextplaytechnologies.com

ample health

Akira Wongwan

Founder

Tel: 0869778788

Email: a.wongwan@gmail.com

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China’s wild markets raise the stakes for traders buying into the rally https://aisa-net.com/chinas-wild-markets-raise-the-stakes-for-traders-buying-into-the-rally/ Sat, 22 Jan 2022 01:08:27 +0000 https://aisa-net.com/chinas-wild-markets-raise-the-stakes-for-traders-buying-into-the-rally/

(Bloomberg) — The battle between fear and greed is wreaking havoc on Chinese financial markets.

Bloomberg’s Most Read

With China bulls finally getting some vindication as the country’s stocks and bonds rally, the past week shows that investors need to be prepared for wild swings. Take Country Garden Holdings Co., the nation’s largest developer. On Monday, its 2024 bond plunged 10 cents on the dollar to trade as a stressed asset, only to jump a record 14 cents two days later. The Hang Seng index of Chinese companies fell for five straight days before rallying the most since July on Thursday.

After last year saw one of the worst relative performances in recent Chinese market history, the country’s ultra-low valuations stand out. While the People’s Bank of China stepped up monetary easing last week and pledged to do more, its dovish tone sets it apart from tighter policies in most major economies. Signs that the Communist Party may withdraw its campaign against the real estate sector add to the bullish trend as traders seek alternatives to pricey global tech stocks.

“We’re starting to see more and more policy adjustments aimed at, what we’re seeing, damage limitation,” said Citigroup Inc. strategists led by Dirk Willer. The “recovery in real estate bonds is mainly a short cover, but nevertheless a welcome one”.

Many investors, analysts and strategists are betting their reputation on a 2022 rally in Chinese markets. Since late last year, Societe Generale SA, Goldman Sachs Group Inc., BlackRock Inc., UBS Group AG and HSBC Holdings Plc have all been overweight domestic equities. In December, JPMorgan Chase & Co.’s Marko Kolanovic recommended betting on China this year, predicting that the MSCI China index would rise nearly 40%.

SocGen strategists say Chinese stocks make up 20% of their global equity exposure in a multi-asset portfolio.

On the credit front, firms such as Allianz Global Investors, Axa Investment Managers and Oaktree Capital Group have said in recent months that they are looking to increase their holdings of battered real estate debt. Jason Brown, a former head of Goldman’s special situations group, last month raised an initial $245 million for his Arkkan Capital to invest in distressed Chinese mortgages and bonds.

Such optimism has been tested many times. The Hang Seng China gauge fell to a nearly six-year low earlier this month and the yield on Chinese junk dollar bonds jumped above 20% as risks to the economy grew.

“A lot of people in the market were too optimistic and called for a strong rebound too soon,” said Hao Hong, chief strategist and head of research at Bocom International.

From now on, bullish bets prove to be more fruitful. The Hang Seng Index closed its fifth week of gains – the longest winning streak in two years. Real estate bonds rose amid speculation, authorities will take steps to ease the industry’s liquidity crunch. A local media report said Friday that banks had accelerated mortgage approvals in some major cities. Regulators could ease restrictions on developers’ access to funds from pre-sold homes, according to reports earlier in the week.

Successful funding deals by two of China’s biggest developers have also helped ease fears that stronger companies are under financial strain. Country Garden raised $500 million by selling convertible bonds, according to a filing released Friday. Greentown China Holdings Ltd., the seventh largest developer by contract sales, this week sold a $400 million bond in the largest offshore deal by a developer since September.

Even though stocks ended the week higher in Hong Kong, measures of expected swings rose as derivatives traders bought protection. The city’s VIX equivalent climbed 11%, the most in two months. The record rally in Chinese property bonds lost momentum on Thursday as investors debated whether looser rules on the use of blocked funds would provide enough short-term liquidity.

Reasons for caution remain. Many weaker developers with looming maturities are still locked out of the dollar bond market, and worries about hidden debt risks are keeping traders on edge. China Aoyuan Group Ltd. just became the eighth known developer to default on its dollar debt since October. The Chinese crackdown on the tech industry shows no signs of letting up, with Beijing vowing to limit their influence and stamp out corruption linked to the “chaotic” expansion of capital.

Nor is there any real playbook for what happens to the markets when the PBOC diverges so far from the Federal Reserve on policy. China’s central bank has rarely cut interest rates during US tightening cycles – according to one economist, the last time was in 1999, when China was effectively closed to most international investors.

“There is a clear need to introduce more measures to anticipate systemic risks, and we expect further policy adjustments in the coming weeks,” DBS Group currency and credit strategists wrote in a note. recent. “Volatility remains the theme.”

Bloomberg Businessweek’s Most Read

©2022 Bloomberg LP

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Asian stocks mixed after China reports slower growth https://aisa-net.com/asian-stocks-mixed-after-china-reports-slower-growth/ Mon, 17 Jan 2022 06:49:49 +0000 https://aisa-net.com/asian-stocks-mixed-after-china-reports-slower-growth/

BANGKOK (AP) — Stocks were mixed in Asia on Monday after China reported its economy grew at an annual rate of 8.1% in 2021, though growth slowed to half that level in the last quarter. .

Tokyo, Shanghai and Sydney rose, while Hong Kong and Seoul fell.

The weakness of the Chinese economy towards the end of 2021 prompts suggestions that Beijing should intervene to support growth with interest rate cuts or by injecting money into the economy through spending on public works. .

Shortly before the release of growth data, China’s central bank announced a cut in average lending rates to commercial banks to the lowest level since 2020.

“Economic momentum remains weak amid repeated virus outbreaks and a struggling real estate sector,” Julian Evans-Pritchard of Capital Economics said in a commentary. He expects Chinese policymakers to maintain relatively tight limits on loans and control credit growth.

“The bottom line is that policy easing is likely to cushion the economic downturn rather than cause a rebound,” he said.

Slowdown in activity in China, the largest economy in the region, can hamper growth across the region. Lockdowns and other precautions imposed to combat coronavirus outbreaks can also exacerbate shortages of key parts and components, adding to shipping and supply chain challenges.

The Shanghai Composite Index gained 0.6% to 3,542.74, while Hong Kong’s Hang Seng fell 0.7% to 24,2207.75.

The South Korean Kospi fell 1.1% to 2,890.10 after North Korea fired two suspected ballistic missiles into the sea on Monday morning in its fourth weapons launch this month, the South Korean military said, in an apparent bid to demonstrate military might amid stalled diplomacy with states States and pandemic border closures.

In Tokyo, the Nikkei 225 rose 0.7% to 28,333.52 as the government announced machinery orders rose in November as private investment and manufacturing activity improved during a lull in coronavirus outbreaks. coronavirus. Orders from shipbuilders jumped 170%.

Australia’s S&P/ASX 200 climbed 0.3% to 7,417.30.

On Friday, the S&P 500 gained 0.1%, closing at 4,662.85. It surged in the closing minutes of trading after falling around 1% earlier in the day. The tech-heavy Nasdaq posted a 0.6% gain, closing at 14,893.75. The Dow Jones Industrial Average fell 0.6% to 35,911.81.

Small company stocks also rebounded from an early plunge. The Russell 2000 Index rose 0.1% to 2,162.46.

A rally in tech stocks, along with gains in energy and other sectors, helped offset declines in banks and elsewhere in the market at a time when investors were mostly focused on a mix of reports on corporate profits and discouraging retail sales data.

The mixed end capped a choppy week of trading on Wall Street that deepened the market’s slide in January. The benchmark S&P 500, which climbed 26.9% in 2021, is now about 2.8% below the all-time high it hit on Jan. 3.

The Commerce Department announced Friday that retail sales fell 1.9% in December after Americans cut spending in the face of product shortages, rising prices, and the appearance of the omicron variant.

It was the latest in a series of economic reports this week that have raised concerns about inflation and its impact on businesses and consumer spending.

Rising prices encourage companies to passing more costs on to consumers. Consumers cut spending in department stores, restaurants and online due to rising prices and supply shortages.

Concerns about the persistent rise in inflation are also prompting Federal Reserve reduce its bond purchases and consider raising interest rates sooner and more often than Wall Street expected less than a year ago.

The 10-year Treasury yield remained stable at 1.79%.

The price of U.S. crude oil rose 46 cents to $84.28 a barrel in electronic trading on the New York Mercantile Exchange. On Friday, it rose 2.1%, helping to lift energy stocks.

Brent crude added 26 cents to $86.32 a barrel.

The US dollar fell from 114.18 yen to 114.49 Japanese yen. The euro remained unchanged at $1.1417.

___

AP Business Writer Joe McDonald in Beijing contributed.

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