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LOS ANGELES: Starbucks Corp is on the rise in China with ambitious expansion plans but like any big new emerging market there are teething problems, not least of which is that customers love it so much, they stay for hours and hours and sometimes don’t even buy a drink.
SINGAPORE/HONG KONG: AIA Group , Manulife and Prudential PLC are among companies that have made initial bids for the life insurance joint venture of Malaysia's CIMB Group and Aviva in a deal estimated to be worth at least $400 million, sources said.
KUALA LUMPUR: The race to win a bigger slice of South-East Asia’s insurance market is heating up as AIA Group, Manulife and Prudential plc compete for mid-size acquisitions in the region totalling up to US$1bil (RM3.18bil), sources said.
PETALING JAYA: Global sukuk issuance for 2017 is expected to be slightly lower than last year in combined value, amid the ramping up of infrastructure-led projects in core sukuk markets.