Day: September 4, 2020

DBS Says Rich Asians Are Hoarding Cash for Post-Virus Deals

(Bloomberg) — Asia’s wealthy are readying cash to take advantage of opportunities in financial markets and private equity once the impact of the coronavirus pandemic subsides, according to the head of private banking at Southeast Asia’s largest lender.

Clients have increased cash holdings to about 40% of their portfolios in recent months, up from about 30% before the pandemic, Joseph Poon, who leads DBS Group Holdings Ltd.’s private bank, said in an interview this week. While the unit doesn’t disclose assets under management, it’s part of DBS’s S$251 billion ($184 billion) wider wealth platform, which is among the largest in

Converting Covid crisis into opportunity: Digital reforms, prudent policy may quickly revive economy

To attract investors looking to optimise cost and diversify their supply chains, the government will have to address labour challenges and structural logjams.

Rumki Majumdar

The pandemic has added woes to an already slowing economy as is evident from the extent of contraction in Q1 F2021. However, the current business situation is constantly evolving. The latest and high-frequency data suggests that the economy is gradually recovering after the unlock. Supply-side activities are resuming , with every phase of the economic unlock being designed to limit economic disruptions. The initial pent-up demand has also aided in the economic rebound as seen

WhatsApp mulling several new features for iPhone users; here’s everything that is coming

WhatsApp has been mulling to upgrade its payment services for a very long time now.

Feature upgradation for WhatsApp is a continuously evolving process and the latest beta version of WhatsApp for iPhone has shown that the messenger app is working on multiple features for its iOS users. These new features include improved Expiring Messages, new tones for WhatsApp group calls, and call ending along with enhanced WhatsApp Payments facility. WhatsApp features tracker– WABetaInfo dug into iPhone’s new WhatsApp and reported the possible launch of these features. However, these all-new features are available in beta versions only and there