Andrew Tjaardstra

US futures tumble as US president Donald Trump unveils sweeping tariffs on countries across Asia, with India, China, Taiwan and South Korea all hit hard; many fear the move could spark a global trade war.

Goh Ken-Yi, previously deputy CEO of RHB Singapore, succeeds Danny Quah, who is taking on a wider leadership position at the Malaysian bank, including a focus on international expansion.

The move to help address a number of funding issues, will benefit Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China.

Global investors, with the majority in Asia, participated in the deal which included five year, 10 year and 30 year senior bonds, and is the largest US dollar bond issuance in Hong Kong in the Reg S format; the funds will help drive infrastructure development.

The investment in the Apac serviced apartment and rental housing firm could be worth as much as $150m, with the money set to help expand Dash Living's footprint in the region, in particular in Japan.

The Middle East office for the Temasek-owned firm, which has $54bn assets under management, will add to offices in Singapore, India, China and Indonesia; Sadiq Hussain will lead its Middle East operations.

Demographics, economic growth and government initiatives are bolstering demand to provide more investment into India's healthcare infrastructure, as overall PE sentiment in the region improves.

The pharmaceutical firm expects its workforce in Beijing to grow to 1,700 employees and is launching a JV with BioKangtai to help make vaccines; there is also investment into AI.

The money raised from the 3.5% notes, due in 2030, will go towards the data infrastructure firm's green projects such as energy efficiency at its data centres across Apac; DBS, Standard Chartered, HSBC and OCBC helped secure the bond.

Siew Kam Boon will take on the Singapore role, while Biswajit Chatterjee will take on the Dubai role from Rahail Ali, who will return to his practice full time.