Billionaire Tony Tan Caktiong—the controlling shareholder of Philippines fast-food giant Jollibee Foods—has again teamed up with real estate tycoon Edgar Sia, with their latest plan about creating the Philippines’ first industrial real estate investment trust that will be listed next year.
Flush with cash from one of Thailand’s biggest IPOs, Asset World Corp. CEO Wallapa Traisorat is building new hotels and refurbishing tourist landmarks in hopes of a post-pandemic boom.
China’s GDP rose by 18% year-on-year in the first quarter of 2021.
CK Asset Holdings is said to be mulling a sale of UBS AG’s London headquarters to several potential buyers, according to a Bloomberg report.
Hong Kong billionaires Li Ka-shing and Henry Cheng will hand out shopping vouchers and cash grants worth a total of HK$30 million ($3.9 million) to residents to boost the city’s sluggish coronavirus vaccination rate.
Property tycoon Lang Walker hasn’t let the pandemic slow him down. The Australian billionaire has shrewdly used the downturn to grow his Sydney-based Walker Corp.’s pipeline of planned projects by 36% in the past 12 months.
Recovery from Covid-19 is also giving a boost to businesses in China
Few cities in the world actively reclaim land at the rate of Hong Kong and Singapore, with the practice deeply woven into each cities’ history while also playing a key role in future development.
Spurred by an expanding economy and growing middle class, Vietnam’s real estate market continued its rise during the Covid-19 pandemic.
Li Ka-shing’s flagship firms reported that their annual profits were dragged down last year due to the “unprecedented challenges” of the pandemic.