Hari Ravisankar, who helped Janchor Partners make an eight-fold return on an investment in Alibaba Group Holding Ltd., is starting his own Asia-focused stock hedge fund, said people with knowledge of the matter.His Ishana Capital, based in Hong Kong, will start trading with external money on Sept. 1, said the people, who asked not to be identified because the information hasn’t been publicly disclosed.

Asian stocks followed Wall Street falling sharply lower Friday, compounding a global sell-off after a deadly Barcelona rampage claimed by the Islamic State jihadist group exacerbated mounting fears over White House turmoil.In New York, the S&P 500 Index tumbled by its second-biggest drop of the year with financial and technology shares among the worst hit, as news broke of a van ploughing into pedestrians in the Catalan capital, killing 13.Stocks were initially in the red from rumours

Financial technology (FinTech) is pressuring banks and financial institutions (FIs) in the Southeast Asian region to rethink on how to improve their business strategies in particular to enhance interaction with their customers.The FinTech Association of Malaysia (FOAM)’s Chairman David Fong said one of the significant changes that will be seen is the reduction of branch banking as customers particularly the millennials shift to digital banking.In fact, he said traditional FIs are finding it h

Philippine Finance Secretary Carlos Dominguez said the economy is set to continue growing strongly, with a slump in the currency likely to be temporary.Spending on infrastructure projects may help to spur economic growth to the top end of the government’s target of 6.5 percent to 7.5 percent by 2019, Dominguez said in an interview with Bloomberg TV’s Haslinda Amin in Singapore.

It’s a lot harder for David Yim to rack up the airline miles these days. The bond underwriter at Standard Chartered Plc used to fly across the Pacific from Hong Kong to the U.S. four or five times a year to arrange dollar-debt deals, but he’s not sure he’ll make it even once in 2017.Such is the gravitational pull China is having on the market for dollar bonds issued by Asian companies and banks. Borrowers used to tap U.S.-based investors when they sold dollar securities.

In an era of modernisation and digitalisation in tandem of a fast paced world, cryptocurrencies are quickly gaining popularity. This is especially true with the rise of digital entrepreneurs across the globe. Fortunately for these digital savvy entrepreneurs, rising prices and powerful tech-based consumer community, the landscape for cryptocurrencies is widening. This is in line with the emergence of other types of cryptocurrencies besides the pioneer Bitcoin.

A surge in Thailand’s currency is putting the question of an interest-rate cut back on the table.While economists predict the Bank of Thailand will keep its benchmark interest rate unchanged near a record low of 1.5 percent on Wednesday -- where it’s been for more than two years -- some debt investors are starting to price in a rate cut.The baht has surged 7.7 percent against the dollar this year, the strongest performance in Asia posing a risk to the export-reliant economy.

Uber was forced to suspend operations in the Philippines Tuesday, after the ride-sharing giant's efforts to appeal a one-month ban were quashed as it tussles with authorities over driver permits.The US firm had slammed Monday's decision by transport authorities to impose the sanctions as a "blatant violation" of its rights earlier Tuesday, relaunching its app and announcing a legal challenge.But by evening it conceded that it would comply with the suspension after the Land

Within the austere confines of Indonesia’s Finance Ministry, even the cookies are under review as budget strains threaten to undermine President Joko Widodo’s ambitious infrastructure plans for Southeast Asia’s largest economy.Finance Minister Sri Mulyani Indrawati urged spending restraint in a recent speech to officials as she grapples with a fiscal shortfall and widening budget deficit.