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Weekly investors roundup: KWAP shops overseas; GIC buys beach resorts; KIC's returns take a dive

AsianInvestor LogoAsianInvestor2 mo ago

Weekly investors roundup: KWAP shops overseas; GIC buys beach resorts; KIC's returns take a dive - AsianInvestor

Quick Summary:

Malaysia’s KWAP aims to increase its overseas investments; Singapore’s GIC will take a majority stake in luxury beach resort group; Korea's KIC posted double-digit returns for the first half of 2022.

According to data submitted by the sovereign wealth fund to main opposition Democratic Party lawmaker Yang Kyung-sook, the KIC logged a 13.83% investment loss during the first six months of this year.

Chubb is in advanced talks to form an insurance partnership with Hang Seng Bank, a Hong Kong-based lender majority owned by HSBC Holdings, according to people familiar with the matter.


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Article Details

Category: Investing

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-26 @ 11:03:00 (2 months ago)

News Timezone: GMT +8:00

Ranking: #2572 (out of 2648 stories this day)

News Source URL: asianinvestor.net

Language: English

Article Length: 2348 words

Reading Time: 14 minutes read

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AsianInvestor

News ID: 635647

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About AsianInvestor

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Main Topics: Investing

Official Website: asianinvestor.net

Update Frequency: 2 posts per day

Year Established: 2000

Headquarters: Hong Kong

News Last Updated: 1 days ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #96

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