Latest news with #AllenLaw
Business Times
26-05-2025
- Business
- Business Times
Daily Debrief: What Happened Today (May 26)
Stories you might have missed Asean must strengthen external ties in new growth areas, even as integration continues: PM Wong [KUALA LUMPUR] Asean must deepen and expand its external partnerships, especially in new growth areas, even as it steps up its own internal integration, said Prime Minister Lawrence Wong on Monday (May 26). Asia's rich trim US exposure, head to Europe amid tariff turmoil [SINGAPORE] Asian private banking clients sprang into action over the past month, refusing to sit idle when faced with the whiplash in global financial markets caused by the tariff turmoil. Individuals have been rebalancing their portfolios, according to some senior private bankers, whose clients each have at least S$2 million in investible assets. Front-loading drives Singapore's factory output growth, which slows to 5.9% in April but far exceeds estimates BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up [SINGAPORE] Front-loading activity amid uncertainty over US President Donald Trump's tariffs supported Singapore's industrial production growth in April, economists said after the latest prints were released on Monday (May 26). Malaysia's Anwar writes Trump seeking summit with South-east Asia [KUALA LUMPUR] Malaysian Prime Minister Anwar Ibrahim said he has written a letter to United States President Donald Trump to request a meeting between the US and the Association of South-east Asian Nations over Washington's trade policies. Less than 75% of fresh graduates from private institutions secure jobs within 6 months [SINGAPORE] Fewer than three in four fresh graduates from private education institutions found employment within six months of graduation, based on the Private Education Institution Graduate Employment Survey 2023/2024 released by SkillsFuture Singapore on Monday. Park Hotel Management and Allen Law's legal battle results in landmark High Court judgment for insolvency law [SINGAPORE] Former Park Hotel Management director Allen Law, who is being sued by liquidators of the company, has failed to reduce his potential liabilities by S$6.8 million after the High Court rejected his application to amend his defence and introduce a counterclaim. Hillcrest Arcadia's S$920 million en bloc tender closes with no bids [SINGAPORE] The collective sale of Bukit Timah condominium Hillcrest Arcadia has moved into private treaty talks, after a tender closed on Thursday with no bids.
Yahoo
15-04-2025
- Business
- Yahoo
Seveno Capital Launches With US$70m Commitment by ‘Human Healthspan' Entrepreneur Allen Law and Makes Inaugural Investment in A Cabin Company
New VC fund will seek to back early and growth-stage ventures around the world and has completed its inaugural investment in 'A Cabin Company'. SINGAPORE, April 15, 2025--(BUSINESS WIRE)--Venture capital fund Seveno Capital has launched by making an inaugural investment in its mission to back early and growth-stage ventures that have the holistic potential to extend the human health span: the period of life during which a person can expect to enjoy good health. Seveno Capital will draw from a five-year US $70m investment commitment from entrepreneur and Park Hotel Group founder Allen Law. Allen Law is a Singapore-based entrepreneur and business leader with two decades of experience driving global growth across hospitality, fitness, wellness, and longevity businesses. Allen Law founded Park Hotel Group in 2004 and transformed it into a leading international operator of luxury hotels. He is also Co-Founder of MOVE [REPEAT], and is an investor and Chairman at REVL Training. Seveno Capital has made its inaugural investment in A Cabin Company. The company enables better wellness through more convenient access to the restorative properties of nature, and is building a global network of restorative spaces, starting in Japan, but designed for the world. In the Japanese countryside 9 million homes and plots of land now sit vacant. These 'akiya' (empty properties) cover an area nearly the size of Taiwan. Many of these spaces are located in the 'yohaku' (余白), a Japanese word meaning 'margin' or 'blank space', which refers to the quiet border between the structured world and the wild. A Cabin Company is building something new in these forgotten edges: small, beautifully designed cabins tucked into rural land just outside the reach of the city that will support better human health and wellness, whilst commanding hotel-level pricing. Each cabin is plug-and-play, which allows A Cabin Company to go from land lease to revenue generation in three months, which is a fraction of the time and capital of typical hospitality projects. A Cabin Company will open its first location in Chiba, 25 miles East of central Tokyo, and has plans to launch 380 cabins across the Greater Tokyo and Osaka regions by 2029. A Cabin Company will also expand into Seoul, New York and parts of Europe. For quotes, further information and images please visit: View source version on Contacts Nicholas Sign in to access your portfolio
