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Asia’s gasoline demand recovery remains patchy

Bloomberg The recovery in gasoline demand across Asia from virus-driven slumps remains patchy, offering a complex picture as improvements in nations such as India are partially offset by deteriorations elsewhere. While consumption has shown signs of picking up in the region’s third-largest economy, as well as in Thailand, it’s offset by slowing demand in Taiwan, Vietnam and Malaysia, Apple Mobility ...

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Singapore’s millionaires count expected to surge 62% by 2025

Bloomberg Singapore’s count of millionaires could increase by more than 60% over the five years from 2020 to 2025, according to Credit Suisse Group AG, part of a surge in millionaires expected in Asia as financial capitals emerge from the Covid-19 pandemic. The city-state may have 437,000 millionaires by 2025 compared with 270,000 in 2020, according to the bank’s 2021 ...

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HK’s Lalamove files confidentially for $1b US IPO

Bloomberg Hong Kong’s on-demand logistics and delivery firm Lalamove has filed confidentially for a US initial public offering, according to people with knowledge of the matter. The company, also known as Huolala in China, is looking to raise at least $1 billion in the share sale, the people said. Details of the offering including the fundraising amount are still subject ...

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