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Japan economy marks growth

  Bloomberg Japan’s economy is cruising along, at least by its own recent standa- rds, with real growth clocking in at 1 percent in 2016. It may have reached top speed. Real gross domestic product expanded for a fourth consecutive quarter at the end of 2016, the best run in more than three years. A number of indicators are flashing ...

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Singapore to ease VC rules to promote financing for startups

  Bloomberg Singapore is proposing to ease regulations for venture capital managers including shortening their application process in a bid to promote financing for startup development. Under a consultation paper published by the Monetary Authority of Singapore Wednesday, new and existing VC managers won’t be subject to the same capital requirements and business conduct rules that currently apply to fund ...

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Hong Kong’s PCCW to sell $1.1bn stake

  Bloomberg Billionaire Richard Li’s PCCW Ltd. plans to sell a HK$8.53 billion ($1.1 billion) stake in telecommunications unit HKT Trust & HKT Ltd., amassing cash as the Hong Kong tycoon shifts into greater media investments. The shares of both companies fell. PCCW will sell 840.7 million shares of Hong Kong’s largest phone company for HK$10.15 apiece, it said in ...

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