Business & Finance

China’s Xi uses key speech to promote integration of Hong Kong

spike 1 week ago

Chinese President Xi Jinping

Aris Messinis | Pool | Reuters

BEIJING — Amid uncertainty about Hong Kong’s future and China’s international relations, President Xi Jinping maintained Wednesday that the country remains intent on doing business with the rest of the world, in its own way.

In a speech that lasted nearly one hour, Xi made broad statements reiterating China’s commitment to improving the business environment and opening further to foreign enterprises, while indicating how Hong Kong might be integrated more into the mainland.

The Chinese leader was speaking at an event commemorating the 40th anniversary of the establishment of the

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Tune Protect names new group CEO

spike 1 week ago

After the resignation of Khoo Ai Lin at the end of July, Tune Protect Group has named its new group CEO.

The digital insurer has brought in Rohit Chandrasekharan (pictured) to the role having joined from AXA Affin Life Insurance Berhad where he was CEO and controlled the firm’s overall strategic direction and growth operations.

“We are proud that Rohit has joined as group chief executive officer of the company and to have him lead our operations across Malaysia, Thailand and the United Arab Emirates,” said chairman of Tune Protect Group Berhad, Ng Siek Chuan. “With his track record of

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Charles Taylor names BI practice lead for Asia

spike 1 week ago

Charles Taylor has appointed Matthew John Lim (pictured) as Asia Practice lead for business interruption and financial lines for its adjusting business based in Singapore.

Lim brings over 10 years’ experience in business interruption risk, forensic investigations, and corporate restructuring. Having worked in Singapore, the UK and, most recently, in Australia, he has developed and maintained a good network across these markets, a statement from the company said.

Before joining Charles Taylor, Lim was a consultant with a large broker in Australia. During his tenure, he was directly involved in the preparation and management of several high-value and complex property

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PayPal takes aim at Klarna with ‘Pay in 3’ service for UK shoppers

spike 1 week ago

The PayPal application is seen on an iPhone

Jaap Arriens | NurPhoto | Getty Images

LONDON — PayPal says it’s launching a “buy now, pay later” service in the U.K. that lets shoppers finance their purchases over three interest-free monthly instalments.

The U.S. tech giant is perhaps better known for its online payment tools, but it’s been branching out into credit in the years since it acquired lending platform Bill Me Later.

Now, the company is taking on the likes of Sweden’s Klarna and Australia’s Afterpay, whose point-of-sale loans have increased in popularity recently. It rolled out its “Pay in

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