Expat magazine singapore

Share to Twitter Share to Linkedin Most of the countries at the top of a new list of the wealthiest in the world are not among the biggest or the mightiest. Many, in fact, are among the smallest: Consider Luxembourg , which tops the list published by Global Finance. Singapore, Ireland, Qatar, Macao and Switzerland follow the world’s only grand duchy. The indicators of a nation’s wealth can vary from one ranking to another — thus the differences among them — but often include a country’s Gross Domestic Product, or GDP (goods and services produced by a country during one year), the GDP per capita (the average amount of money that each person in a country earns in a year) or the gross national income, or GNI. MORE FROM FORBES Ready To Move To Europe? These 6 Countries Are The Best For American Expats To Enjoy Life By Cecilia Rodriguez Examining the per capita GDP of each country around the globe is a frequent parameter because it … [Read more...] about The Richest Countries In The World: Tiny Luxembourg At The Top

Calvin Choi controls AMTD Digital, the world’s hottest stock right now, through a web of companies. Forbes estimates his holdings via that company make him Asia’s sixth-richest person, but few think it’s worth anywhere near that much or that the stock will hold up. Even his stake in its parent company, through which he holds shares, is worth much less. By Zinnia Lee, John Kang and Robert Olsen H ong Kong banker Calvin Choi appears to have amassed an immense fortune at record speed. Less than a month after the 43-year-old listed his AMTD Digital on the New York Stock Exchange, his stake in the digital financial services firm has skyrocketed 14,000% for reasons his firm can’t explain . Now his holdings appear to be worth as much as $36.8 billion—based on AMTD Digital’s stock price at Wednesday’s close . But his stake in AMTD IDEA , which is AMTD Digital’s parent company and through which he holds the shares, is worth just under $500 million, illustrating just how … [Read more...] about Chairman Of World’s Hottest Stock AMTD Now Worth Nearly $37 Billion, More Than Li Ka-Shing

Share to Twitter Share to Linkedin Our obsession with concrete is dismantling beaches and wiping out aquatic wildlife The Burj Khalifa is an engineering marvel. Stretching 828 m into the Dubai sky, it is the tallest building the world has ever seen. Its construction used huge quantities of materials ; 39,000 tonnes of steel*, 103,000 square metres of glass, and 330,000,000 litres of concrete (enough to fill 132 Olympic-sized swimming pools). From the top floor, though, one material dominates the view – sand. So, you might be surprised to learn that the world is running out of this grainy material, mostly thanks to the concrete megastructures that we fill our modern cities with. I’ve written about concrete before – either to discuss its carbon footprint , or the chemical processes that make it creep . So you probably already know that concrete has three basic components: cement, water and aggregate, combined in slightly different proportions. Cement … [Read more...] about We’re Running Out Of Sand… And Cities Are To Blame

Quek bought Hong Leong Bank, which posted a record net profit in the year to June 2021, via Hong Leong Financial Group in 1994. - A + A SINGAPORE (Aug 8): Malaysia's second-richest man Tan Sri Quek Leng Chan is weighing options for his stake in Hong Leong Bank Bhd, including a merger, two sources with knowledge of the matter said, in a move that could trigger wider consolidation in the sector. Quek, 80, is also exploring the possibility of reducing his stake in the Malaysian lender, said the sources who declined to be named due to the confidential nature of the matter. Conglomerate Hong Leong Financial Group Bhd, controlled by Quek, holds a 62% stake in Hong Leong Bank, the country's fourth-largest lender with a market value of US$10 billion (RM44.59 billion), according to Refinitiv data. Hong Leong Bank and Hong Leong Financial did not respond to multiple queries sent by Reuters and there was also no response from Quek to queries sent through the bank. It was … [Read more...] about Hong Leong Bank chairman weighs options for stake in bank, sources say

SINGAPORE – Malaysia ‘s second-richest man Quek Leng Chan is weighing options for his stake in Hong Leong Bank Bhd, including a merger, two sources with knowledge of the matter said, in a move that could trigger wider consolidation in the sector. Quek, 80, is also exploring the possibility of reducing his stake in the Malaysia n lender, said the sources who declined to be named due to the confidential nature of the matter. Conglomerate Hong Leong Financial Group Bhd, controlled by Quek, holds a 62 percent stake in Hong Leong Bank, the country’s fourth-largest lender with a market value of $10 billion, according to Refinitiv data. Hong Leong Bank and Hong Leong Financial did not respond to multiple queries sent by Reuters and there was also no response from Quek to queries sent through the bank. It was not immediately clear if Quek has shortlisted candidates for a potential merger or has decided how much of the stake he could sell. A potential merger may herald consolidation … [Read more...] about Malaysia’s Hong Leong Bank chair weighs options for stake in bank – sources