Four weeks into the US-Israeli war on Iran, the crisis is beginning to bite in Malaysia, where Prime Minister Anwar Ibrahim has cut the monthly quota for subsidised petrol and food manufacturers are warning that surging diesel costs could force them to close or raise prices. The move reflects how a distant geopolitical shock is beginning to feed directly into Malaysia’s fuel bill, food supply chai...
Four weeks into the US-Israeli war on Iran, the crisis is beginning to bite in Malaysia, where Prime Minister Anwar Ibrahim has cut the monthly quota for subsidised petrol and food manufacturers are warning that surging diesel costs could force them to close or raise prices. The move reflects how a distant geopolitical shock is beginning to feed directly into Malaysia’s fuel bill, food supply chain and inflation outlook, analysts note. In a special televised address on Thursday, Anwar said the...
Broadcom (AVGO) is a critical but underappreciated force behind the artificial intelligence (AI) buildout, powering key layers of the infrastructure stack. While the stock has fallen more than 24% from its December 2025 highs, it is still up more than 62% over the past 12 months. Moreover, the company’s role across custom AI silicon, high-speed networking, and infrastructure software continues to ...
Broadcom (AVGO) is a critical but underappreciated force behind the artificial intelligence (AI) buildout, powering key layers of the infrastructure stack. While the stock has fallen more than 24% from its December 2025 highs, it is still up more than 62% over the past 12 months. Moreover, the company’s role across custom AI silicon, high-speed networking, and infrastructure software continues to deepen as hyperscalers expand. I remain bullish as Broadcom’s role in the AI boom looks more durable
Hong Kong is close to proposing a tax regime change that will exempt private equity and potentially hedge fund managers from paying tax on their earnings from carried interest and performance fees. This exemption will apply at both the corporate and individual tax level, according to a proposal to the Legislative Council on March 2. By applying the exemption to individuals, the city is hoping to l...
Hong Kong is close to proposing a tax regime change that will exempt private equity and potentially hedge fund managers from paying tax on their earnings from carried interest and performance fees. This exemption will apply at both the corporate and individual tax level, according to a proposal to the Legislative Council on March 2. By applying the exemption to individuals, the city is hoping to lure more asset managers and talent to the financial hub and boost Hong Kong’s status as Asia’s leading asset management center. Hong Kong has been working for years on proposals to change its tax regime for funds to bolster its status as an asset and wealth management hub. After rolling out reforms in recent years, including for carried-interest tax exemptions in 2021, the city is seeking to further increase its jurisdiction and legal infrastructure amid intensified competition with other financial centers including Singapore and Dubai. Adam Williams, managing director with Alvarez & Marsal Tax in Hong Kong, said: “If the tax incentives are implemented, it will create certainty for qualifying private equity managers to enjoy carried interest exempt in Hong Kong regardless of where their funds are structured.” “While yet to be confirmed, there’s still a chance some hedge funds may also be able to structure themselves to enjoy exempt carry, which would be a game changer for that segment of the asset management industry,” he said. The government aims to introduce the bill to the city’s Legislative Council within the first half of the year, according to the March proposal. It also plans to apply the rule retroactively to 2025. The city announced during this year’s budget plan that it was set to enhance its tax regime by expanding the scope to cover specific funds-of-one. It also proposed in March that pension and endowment funds be included. It would also classify more categories including digital assets, insurance-linked securities, carbon credits, precious metals, and specifi...
Yi Lianhong. Photo: VCG Six weeks after Chinese authorities announced an investigation into his conduct, Yi Lianhong, the former Communist Party chief of the affluent Zhejiang province in East China, has been officially stripped of his legislative status. According to a March 26 report by the state-run Zhejiang Daily, the provincial legislature announced that the Hangzhou municipal congress had vo...
Yi Lianhong. Photo: VCG Six weeks after Chinese authorities announced an investigation into his conduct, Yi Lianhong, the former Communist Party chief of the affluent Zhejiang province in East China, has been officially stripped of his legislative status. According to a March 26 report by the state-run Zhejiang Daily, the provincial legislature announced that the Hangzhou municipal congress had voted to remove Yi as a deputy to the 14th Zhejiang Provincial People’s Congress. Under China’s representative laws, his legislative qualifications have been terminated.