Financial Centre

Easing Manila’s traffic gridlock with ferries

To ease traffic congestion in the Philippines’ main financial centre, there’s no way to go but underground and afloat, said businessman Antonio Tiu, who is leading a venture for one of two subway projects in the capital region.IRC Properties Inc., Tiu’s venture with Chinese and Hong Kong companies for a US$3.7 billion underground system in Metro Manila’s Makati City, has also submitted an offer to run and upgrade the rickety Pasig River ferry service, he said in an interview on 25 August.

27 August 2018

Hong Kong and Singapore join forces for fintech

Hong Kong and Singapore, which have vied for supremacy as financial technology hubs over the past couple of years, have now decided to join forces.The cities’ central banks have signed a fintech cooperation agreement that will foster collaboration on business referrals, joint innovation projects, information sharing and the exchange of expertise, Norman Chan, chief executive of the Hong Kong Monetary Authority said Wednesday.

25 October 2017