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The sixth annual ranking of companies in the region with the highest growth. Health tech businesses thrive post-pandemic even as VC funding drops. Plus: Singapore draws in start-ups; new models of corporate success in Japan; India’s EV expansion
...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...Established in 1879, the company employs more than 43,000 people selling general and life insurance products and boasts a near-$50bn equity market value....
...The Pacific Railway Act gave “every alternate section of public land” to the railroad companies, within wide swaths on either side of the tracks....
...Policymakers who see the Chips Act as an insurance policy against geopolitical shocks believe it is already paying dividends....
...In full-year results on Wednesday, the life insurance and asset management group reported a 45 per cent rise in new business profit — a measure of expected earnings from newly sold products — to $3.1bn,...
...It's the leading offshore wind market in Asia-Pacific outside of China, driven by interest from developers around the world....
...The share of sectors including frontier technologies, enterprise and fintech is growing, together accounting for about a third. The number of listings of its portfolio companies looks set to rise too....
...This is the sixth annual ranking of 500 high-growth Asia-Pacific companies, compiled by the Financial Times and Statista, the data company....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...“Adani is not an OEM; it’s not a first-tier defence developer or manufacturer,” said Jon Grevatt, head of Asia-Pacific news with defence intelligence provider Janes....
...Tens of thousands of leading-edge chips are required to train a single frontier AI model [such as OpenAI’s GPT4],” Raimondo said....
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
...“Health insurance is not my top priority.”...
...He said the government planned to “look at who has access to research frontiers in the most sensitive disciplines”, raised the prospect of a new vetting regime for international academics and said university...
...The quake was the biggest single contributor to natural catastrophe-related insurance losses reaching $100bn last year for the fourth year running....
...Environmental protests are mounting, particularly around exploration in the mineral-rich Pacific....
...In a more mercantilist world, a clear pattern is emerging in India’s trade policy strategy: if companies or countries want freer access to the big and growing markets of the world’s fifth-biggest economy...
...The company plans to expand its ship fleet to eight in the next two years....
...While Reko Diq adds “a lot of uncertainty” for Barrick investors, “Barrick is no stranger to frontier jurisdictions”, said Canaccord Genuity analyst Carey MacRury....
...During the recent annual meeting of China’s rubber-stamp parliament, Yi Gang, former head of the People’s Bank of China, cited the need for an insurance mechanism for presales, which he said would help the...
...Hong Kong now has the highest per capita spending on pets among major Asia-Pacific cities and regions, according to Euromonitor data....
...The fallout has already spread to other sectors including local insurance groups. The sector’s shares fell on the back of investors’ fears about their potential exposure....
...Two examples from this month: [February 28:] Four major Japanese non-life insurance companies will sell their entire cross-shareholdings worth about ¥6.5tn (about $43bn) over the next few years, following...
...An insurgency is gaining ground in Myanmar after the ruling military junta lost control of strategic frontier regions near India, China, Bangladesh and now Thailand....
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