Christopher Wong News
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Philippine billionaire John Gokongwei is planning an initial public offering of Robinsons Retail Group, the operator of supermarkets and department stores, said three people with knowledge of the matter.
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Philippine stocks surged to a record as the peso and bonds extended gains after the nation won its second investment-grade debt rating.
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Christopher Wong , who helps oversee $70 billion of assets at Aberdeen Asset Management Plc, commented on companies with businesses in China, in an interview in Singapore.
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Emerging-market stocks slid the most in a week, led by energy companies, as China Petroleum & Chemical Corp. sank on a share-sale plan. The rand strengthened after South Africa’s unemployment unexpectedly fell.
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Christopher Wong , who helps oversee $70 billion of assets at Aberdeen Asset Management Plc, commented on Asia’s emerging stock markets after China increased banks’ reserve requirements to lock up cash and cool inflation.
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CVC Capital Partners Ltd. hired Goldman Sachs Group Inc. to explore a possible sale of a stake in Formula One in an initial public offering, said a person with knowledge of the matter.
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Prudential Plc’s Tidjane Thiam tried and failed to expand in Asia by buying AIA Group Ltd. , his first test as chief executive officer. To succeed now, he will have to beat AIA’s new CEO and his ex-boss, Mark Tucker .
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DBS Group Holdings Ltd. ’s Rajan Raju resigned as group head of consumer banking, the second senior departure in a month at Southeast Asia’s biggest lender.
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Goh Choon Phong , the incoming chief executive officer of Singapore Airlines Ltd. , will face growing competition for both premium and economy-class passengers in Asia as he tries to revive profits from a two-decade low.
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Chinese visitors to Taiwan may surpass Japanese for the first time on record as relaxed rules spur travel to an island off limits to mainlanders for 60 years.
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