Business in Asia: Banking, Investment, Insurance, Fintech news

First Danish pension fund blacklists China

The Danish pension fund AkademikerPension, formerly known as MP Pension, announced in the third quarter of 2020 that the fund would no longer invest in the Chinese state after the country’s human rights abuses in Hong Kong and Xinjiang. AkademikerPension is the first Danish pension fund to blacklist China. AkademikerPension has 140,000 members.  Jens Munch…

FX veteran Danish Lars Hornsleth joins Jump Trading in Singapore

Singapore-based Danish Lars Hornsleth who already has a long career in Asia has taken on a new role as Director for institutional business development for Jump Trading in the Asia-Pacific region. Lars Hornsleth is well-known in the industry with over 30 years of foreign exchange industry experience and a long list of impressive job roles…

Nordic Innovation House HK supports Asian Financial Forum 2021 Online

On 15 January 2021 the Nordic Innovation House-Hong Kong announced: The NIH-HK is supporting AFF2021 event as a community partner to kickstart this new year. Insurtech start-ups worldwide will bring their cutting-edge ideas to the inaugural AFF Accelerate, helping insurers build resilience by turning their ideas into reality. Join us at AFF 2021 online to…

EuroCham Vietnam invites to the first business briefing of the year on 8 January

The European Chamber of Commerce invites to the first event of the year – Vietnam Economic Outlook 2021 – with honoured speakers from the World Bank and BIDV | Hanoi Luncheon, 08 January 2021. Vietnam’s economy has shown a remarkable resilience to external shocks in 2020. While the medium-term outlook is broadly favorable, the economy…

Thailand’s household debt jumps to resemble that of the Nordic nations

A jump in Thailand’s household debt level has meant that the country is now close to being amongst the top 10 countries worldwide with the highest ratio of household debt to gross domestic product (GDP). Household debt is defined as the combined debt of all people in a household. It includes consumer debt and mortgage…

FinnCham HK introduces new member: Primasia

The Finnish Chamber of Commerce in Hong Kong has introduced the latest work – “Meet the Member” – series with John Barclay, Founder & Managing Director at Primasia which is now available through FinnCham HK’s Youtube channel. The announcement on 28 December 2020 through FinnCham HK Facebook page introduced Primasia Corporate Services Limited, a corporate…

Denmark, Finland and Norway praised for having robust economic safety nets during the pandemic

Three Nordic nations, Denmark, Finland and Norway, are placed well as countries with a robust economic safety in new report ‘The World Economic Forum’s Global Competitiveness Report Special Edition 2020’. The World Economic Forum talks in general terms about the nations it believes have best coped in economic terms with the pandemic. The newly released…

NBAS welcomes new member EedenBull

On 9 December 2020 the Norwegian Business Association in Singapore announced a welcome note to Edeenbull Asia Pacific, latest new member in NBAS. CXO Erik Ingvoldstad says that, “As a Norwegian company within Fintech, with ambitions to be a steady regional player, it is useful to join the NBAS-community and network. NBAS has impressed me…

Finnfund continues to support Myanmar SMEs

Finnish Fund for Industrial Cooperation (Finnfund) makes a 5.5 million USD senior loan investment in Early Dawn Microfinance Co. Ltd. (DAWN), the 3rd largest microfinance company in Myanmar in terms of client outreach. The financing will support DAWN’s expansion in underserved townships and peri-urban areas. DAWN is working to improve financial inclusion by offering group…