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Covid-19: Singapore’s reopening failing to lift equity benchmark

Bloomberg Singapore’s emergence from the Covid-19 shock is gathering pace, but that isn’t boosting the nation’s equity benchmark. That’s because the gauge is very much a bet on the global recovery rather than a wager on the city-state. The Straits Times Index is still 21% away from turning positive for the year, among the worst in Asia. Singapore’s plan to ...

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Tokyo opens HK office to attract firms

Bloomberg The Tokyo Metropolitan Government has set up an office in Hong Kong to consult with companies considering a move to the Japanese capital, part of its push to make the city a global financial center. The Hong Kong office opened for online consultations, Governor Yuriko Koike said at a news briefing. “I want to make Tokyo the No. 1 ...

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China recruits South Korean conglomerate to advise on ESG

Bloomberg South Korean conglomerate SK Group is accelerating efforts to help China develop ESG standards after a years-long push by Beijing to improve social governance disclosures at its companies stalled. SK said it will team up with China’s State-owned Assets Supervision and Administration Commission (SASAC) to jointly establish a lab in Beijing to study and develop rating methods for environmental, ...

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