Governance is substance over form
The purchase consideration also includes the settlement of an inter-company loan owed by ER to KH of US$39.7mil.
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Malay Mail
4 hours ago
- Malay Mail
Fifth Avenue Financial celebrates third consecutive year as a Best Place to Work and first year as a Best Place to Work for Women in 2025
NEW YORK, US - Media OutReach Newswire - 20 August 2025 - Fifth Avenue Financial (FAF) is proud to announce its recertification as one of thefor the third consecutive year, as well as its inaugural recognition as ain 2025. These prestigious honors underscore the firm's ongoing commitment to fostering an inclusive, supportive, and empowering workplace culture."Being recertified as one of the Best Places to Work — and earning special recognition as one of the Best Places for Women — reflects the culture we've built together. We believe that when people feel valued, supported, and inspired, they can achieve extraordinary things for our clients and for each other.""This recognition means a lot to us because it's about our people. We've worked hard to build a place where everyone feels respected, supported, and able to grow. Knowing that women in our firm feel they can truly thrive here is especially meaningful."FAF continues to prioritize employee well-being and professional development, ensuring that all team members have the resources and encouragement needed to excel. The Best Places to Work certifications validate the firm's dedication to cultivating a workplace where diversity, equity, and inclusion are at the core of its is a global recognition awarded to companies that excel in creating exceptional workplace cultures where employees feel engaged, valued, and motivated. The certification process combines anonymous employee surveys with an in-depth HR assessment to evaluate both the employee experience and the organization's HR practices. Companies that meet the program's rigorous standards are certified for one year, benefiting from enhanced employer brand credibility, valuable benchmarking insights, and international visibility as a trusted and attractive more information, about Fifth Avenue Financial visit: For more information about the certification program, please visit Hashtag: #BestPlacestoWork The issuer is solely responsible for the content of this announcement.
The Star
8 hours ago
- The Star
Singapore office demand soars 12-fold as Hong Kong ‘subdued': Colliers
Singapore's office leasing activity surged 12-fold in the first six months of the year, topping the Asia-Pacific region, while Hong Kong leasing remained subdued amid a stubborn supply glut, according to a report by Colliers. Tenants relocating to newly completed premium spaces drove the spike in demand in Singapore, the report said. The city state, widely deemed Southeast Asia's top finance hub, also saw rents improve by 1.3 per cent to S$12.10 (US$9.42) per square foot per month as of the second quarter, according to a separate report by CBRE. 'Singapore's office demand was spurred by companies attracted to its macroeconomic stability, geopolitical neutrality and suitability as a regional business hub,' said Mike Davis, managing director for occupier services at Colliers Asia-Pacific. 'There was also a spate of relocations due to a flight to quality.' With the supply of high-end office space in Singapore's central business district set to remain tight in the next two years, Davis said growth in prime office rents was likely to accelerate. Overall, leasing activity across 11 key markets tracked by Colliers in Asia-Pacific rose 9.6 per cent to 4.5 million square metres (48.4 million sq ft) in the first half from a year earlier, the report said. Besides Singapore, the Philippines and Japan also supported the regional growth, with leasing demand growing by 56 per cent and 55 per cent, respectively, the consultancy said. In absolute terms, India, mainland China and Japan accounted for more than 90 per cent of total office demand, pushing the region's leasing volumes higher, it added. 'Across Asia-Pacific, we're witnessing a pivotal shift in how occupiers engage with office space,' said Davis. 'The resurgence in demand – led by dynamic markets like Singapore, the Philippines and Japan – signals not just recovery but reinvention. 'As flexibility and sustainability priorities take centre stage, organisations are gravitating towards prime grade A assets that reflect their values and future ambitions. This flight to quality is reshaping the region's office landscape, and we expect this momentum to build through the second half of 2025 and beyond.' Hong Kong, South Korea and Taiwan recorded 'relatively subdued' demand, the report said, while not providing specific figures. Hong Kong prime office rents were projected to decline by 10 per cent this year as vacancy rates climbed to about 19 per cent 'with limited appetite for expansion', Colliers said. As of the first half, 17.3 per cent of the city's office space was empty. 'This ongoing imbalance will prompt landlords to enhance the competitiveness of their rental offerings,' the report said. Average office rents in Hong Kong were estimated at US$73.90 per square metre per month, about a third lower than the average office rents in Singapore at US$97 per square metre per month, the report said.
Free Malaysia Today
9 hours ago
- Free Malaysia Today
US-EU trade deal not far from ECB's baseline forecast, says Lagarde
The US-EU trade deal establishes an effective average tariff estimated to lie between 12% and 16% for US imports of euro area goods. (EPA Images pic) FRANKFURT : The trade deal between the US and the EU is close to the baseline assumed by the European Central Bank (ECB), but uncertainty persists in key sectors like pharmaceuticals and semiconductors, ECB president Christine Lagarde said today. The EU accepted 15% tariffs on most items in the deal agreed last month, averting an all-out trade war and providing businesses greater clarity, even if the new barriers slow economic growth. 'The trade deal establishes an effective average tariff estimated to lie between 12% and 16% for US imports of euro area goods,' Lagarde said in Geneva. 'This effective average tariff is somewhat higher than – but still close to – the assumptions used in our baseline projections last June,' she said. 'The outcome of the trade deal is well below the severe scenario for US tariffs of over 20%,' she added. The ECB's baseline projection assumes economic growth of 1.1% next year while the 'severe' outcome would have lowered this to 0.7%, the ECB's June projections show. 'The US-EU trade deal is still likely to weigh on economic growth,' Lagarde added, saying a long-predicted slowdown was already evident in second-quarter economic data. 'The EU, which has always relied on extensive foreign trade for growth, should now diversify its trade with other nations to maintain growth and offset the negative impact of tariffs,' Lagarde said. 'While the US is – and will remain – an important trading partner, Europe should also aim to deepen its trade ties with other jurisdictions, leveraging the strengths of its export-oriented economy,' she said.
