One Belt, One Road a catalyst for Asia's infrastructural needs: HSBC
The bank's analysts say Singapore is becoming a focal point for companies looking for opportunities
Singapore
CHINA'S proposal to build a new Silk Road linking Asia, Africa and Europe is a "helpful catalyst" for Asia's multi-trillion infrastructural transformation - and Singapore is slowly becoming a focal point for the effort, HSBC analysts said in a media brief on Wednesday.
Tim Evans, HSBC's Hong Kong-based head of commercial banking's international markets unit in the Asia-Pacific region, said the "One Belt, One Road" initiative "has brought a level of focus and a coordinated approach to infrastructural spend, which will have knock-on effects".
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal