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One Belt One Net : SG Tycoon to Invest $5B to Build Data Centre Empire

Tycoon Oei Hong Leong is investing US$5 billion (S$6.73 billion) to set up a new company, named One Belt One Net, that will build data centres.

Daniel Lorenzzo

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Leading today’s news, one of Singapore’s richest men is going big on data, or at least on the buildings that house it, while Australia picks up 4.6 billion baht by selling its Bangkok embassy site to a local developer.

Also in the headlines, Evergrande’s chairman turned his company’s debt-fueled expansion into a spot as China’s richest man – for a few hours. Read on for all these stories and more.

SG Tycoon Investing $5B to Build Data Centre Empire

Tycoon Oei Hong Leong is investing US$5 billion (S$6.73 billion) to set up a new company, named One Belt One Net, that will build data centres.

As the name implies, Mr Oei envisions the business as a way to complement China’s One Belt One Road initiative, a massive project to ignite growth in the countries along the ancient Silk Road. Read more>>

HNA Says It Has “Sufficient Capital for HK$27B in Kai Tak Projects

HNA Group, the Chinese conglomerate that spent HK$27.2 billion (US$3.5 billion) for a stake in Hong Kong’s residential land market, said the group’s financial health is sound and its sees no problem getting loans to fund its mega property project in Kai Tak.

“Our lending banks show strong support to us. We have sufficient capital to finance the project,” said Liu Junchun, vice chairman of the conglomerate’s private unit HNA Holding International Investment Group. Read more>>

Bangkok’s Aussie Embassy Site Sold for THB 4.6B

Supalai Plc has won the bid to buy the eight-rai prime site on Bangkok’s Sathorn Road where the Australian Embassy was previously located for 4.6…

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Real Estate

How COVID-19 regulations are changing landlord-tenant dynamics

The negotiations are dependent on the circumstances of each landlord and tenant, with landlords attempting to strike a balance between maintaining earnings and supporting tenants through the crisis period to sustain occupancy levels and income over the longer term.

Daniel Lorenzzo

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Hastily enacted regulations addressing a fast-unfolding pandemic have introduced a layer of complexity around leases between tenants and landlords.

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Real Estate

Thailand’s real estate industry’s transparency challenge

In the newly released biannual survey, Thailand is ranked 33th, a slight improvement from the 2018 edition of the Index where the country was ranked 34th, but a measurable step in the right direction compared to the 2016 ranking (38th).

Olivier Languepin

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Real estate transparency is an essential ingredient of a well-functioning economy and society and therefore touches on multiple aspects of life.

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Real Estate

Why 5G is racing ahead in Asia

Hong Kong, Seoul, Sydney, Taipei, Manila, Tokyo and Shenzhen have already introduced 5G networks. In May, Bangkok became the first city in Southeast Asia to roll out a 5G network, while Singapore in August started a six-month trial.

Daniel Lorenzzo

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Governments and businesses are keen to take advantage of 5G technology like High-speed connectivity, reduced latency and greater reliability

Asia Pacific is leading the charge for the next generation of mobile connectivity. Major cities across the region are rolling out 5G networks this year, which are poised to reshape connectivity and big data with blazing-fast download speeds.

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Wed 28

Vend ASEAN(Bangkok)Vending Machine & Self-service Facilities Expo 2020

October 28 @ 8:00 am - October 30 @ 5:00 pm BMT
Wed 28

Vend ASEAN 2020

October 28 @ 10:00 am - October 30 @ 6:00 pm BMT

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