Latest news with #foreign investors
South China Morning Post
a day ago
- Business
- South China Morning Post
Hong Kong set for economic breakthroughs, Paul Chan tells foreign investors
Hong Kong will achieve new economic breakthroughs despite a 'complicated and volatile' external environment, the finance chief has told foreign investors while unveiling the government's first business report in four years. Advertisement Financial Secretary Paul Chan Mo-po said on Wednesday that the city was in the midst of transformation and upgrading, but warned that some traditional industries would struggle more than others. Overseas misperceptions about Hong Kong prompted the government to detail the city's latest economic situation in the report, which is accessible online to investors abroad. 'With a complicated and volatile external environment, Hong Kong is undergoing economic transformation and upgrading, but we see more opportunities and challenges' Chan said. 'As long as we seek and embrace changes proactively, we will surely achieve new breakthroughs, develop new growth points, and create a new chapter for Hong Kong.' Advertisement He also added that the 102-page report, titled 'Unique Strengths under 'One Country Two Systems'' clearly and systematically demonstrated to the world that the development of Hong Kong had been picking up in recent years and that social mobility had been restored. Chan said that over the last few years, many overseas visitors had not had the opportunity to come to Hong Kong and that there were misperceptions about the city's situation due to geopolitics.
Bloomberg
4 days ago
- Business
- Bloomberg
Global Money Chases World's Hottest Major Stock Market in Korea
South Korean stocks, already this year's best performers among the world's major markets, are becoming a magnet for foreign investors as bold regulatory reforms to lift valuations and empower minority shareholders gain traction. Just this month, policymakers voted in favor of pivotal law changes to make board members legally accountable to all shareholders. They are now focusing on the next wave of reforms — including improvements to the voting system for selection of board members, and reducing treasury stock holdings — all with the goal of reining in the nation's many family-run conglomerates, or chaebols.
Bloomberg
24-07-2025
- Business
- Bloomberg
Thai Baht Rises to Highest Since 2022 on Trade Optimism, Inflows
Thailand's baht rose to the highest in more than three years on growing optimism over trade negotiations, the return of foreign stock inflows, and near-record high gold prices. The local currency strengthened 0.1% to 32.12 per dollar on Thursday, the strongest since February 2022.
Zawya
21-07-2025
- Business
- Zawya
Madbouly, key ministers discuss boosting Egyptian-American economic cooperation
Arab Finance: Prime Minister Mostafa Madbouly held a ministerial meeting to follow up on efforts to enhance Egyptian-American economic cooperation, according to a statement. Madbouly emphasized the government's keenness to propose specific projects for discussion during the coming period, highlighting several promising opportunities available to American companies, especially in light of the Egyptian incentives offered to foreign investors. On his part, Minister of Foreign Affairs Badr Abdel Aty reviewed the communications and exerted efforts to support Egyptian-American relations, both bilaterally and regarding issues in the Middle East. Meanwhile, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir highlighted the investment opportunities presented to US-based companies under consultation, whether in the ports and maritime transport sectors or industrial zones. During the meeting, Minister of Planning and Economic Development, and International Cooperation Rania Al-Mashat highlighted development cooperation efforts with the US through a number of successful cooperation programs that serve development efforts in Egypt and support relations between the two sides. Al-Mashat reviewed the features of the Egypt-US economic cooperation program, as well as the latest developments of projects funded by the United States Agency for International Development (USAID) in Egypt. Finally, Minister of Investment and Foreign Trade Hassan El-Khatib explained the ministry's efforts to support trade exchange between the two sides and support American investments in Egypt. At the conclusion of the meeting, the Prime Minister directed coordination between all relevant authorities to prepare a set of promising investment opportunities and follow up on their presentation to American companies within the framework of promoting foreign investments in Egypt. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
21-07-2025
- Business
- Zawya
Egypt to prepare investment package for U.S. companies, says PM
Egyptian Prime Minister Mostafa Madbouly has directed his government to prepare a package of investment opportunities to be presented to U.S. companies, as part of efforts to strengthen economic cooperation between the two countries. The directive came during a meeting on Sunday to follow up on efforts to enhance Egypt-U.S. economic ties, according to a cabinet statement. Madbouly stressed the government's interest in bolstering the strategic and historical ties between the two nations and its keenness to overcome any obstacles to joint cooperation. He noted that there are many promising opportunities available for American companies, given the significant incentives the Egyptian government offers to foreign investors. The meeting was attended by the ministers of planning, foreign affairs, and investment, while the minister of industry and transport participated via video conference. Minister of Industry and Transport, Kamel al-Wazir, reviewed investment opportunities that have been presented to U.S. companies in sectors including ports, maritime transport, and industrial zones. Minister of Planning and Economic Cooperation, Rania Al-Mashat, discussed development cooperation with the United States, including projects funded through the U.S. Agency for International Development (USAID). Foreign Minister Badr Abdel-Aty and Minister of Investment and Foreign Trade Hassan El-Khatib also reviewed their respective ministries' efforts to support bilateral ties, trade, and U.S. investment in Egypt. At the conclusion of the meeting, Madbouly instructed all relevant authorities to coordinate on preparing the set of promising investment opportunities and to follow up on presenting them to American companies to enhance U.S. investments in Egypt.
