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Immigration Economy
Cyprus Third Quarter Economic Growth
In 2012, Cyprus emerged in the investment immigration industry with its property-purchase immigration program, attracting numerous investors to relocate and settle there. Today, Cyprus is no longer a stranger to the investment immigration sector. Previously, many investors were deterred by the impact of the financial crisis. However, according to data released by the Statistical Service, the economy of Cyprus grew by 2.3% year-on-year in the third quarter of 2015, marking the third consecutive quarter of economic growth for the country...
Singapore's RQFII Quota Expanded to 100 Billion Yuan
The central bank recently announced that the Renminbi Qualified Foreign Institutional Investor (RQFII) quota for Singapore has been expanded again to 100 billion yuan, officially surpassing the one trillion mark. This expansion of the RQFII quota is conducive to meeting the asset allocation needs of Singaporean investors and facilitating bilateral trade and investment. With this expansion, the trend of investing and immigrating to Singapore is also looking very positive.
Two Canadian Mining Companies Announce Merger
As a long-established destination for investment immigration, Canada has consistently been favored by numerous investors. Nowadays, after obtaining immigration status, many investors focus their attention on the Canadian economic market; in other words, immigrating to Canada is intended to facilitate their own business development. Recently, the Canadian gold mining company Kirkland Lake Gold Inc. announced on Tuesday (November 17) that it would merge with St Andre…
ABB Builds New Robotics Factory in the United States
Following its recent acquisition of the German collaborative robotics company Gomtec, ABB has officially launched its new robotics factory in Michigan, USA, making ABB the first multinational industrial robotics company to manufacture robots in the United States. Together with its existing production bases in China and Sweden, ABB Robotics has further solidified its global manufacturing capabilities and market channels. The establishment of the ABB robotics plant in the U.S. also reflects, from another perspective...
U.S. Retail Sales Increased by 0.1% in October
Data released by the U.S. Department of Commerce indicates that, after seasonal adjustment, retail sales in the U.S. increased by 0.1% in October, falling short of market expectations of 0.3%; year-on-year growth was 1.7%, the second lowest increase since the international financial crisis. Retail sales of automobiles, electronics, food and beverages, gasoline, and daily necessities all declined.
Philippines' Coal Demand Expected to Increase by 15 Million Tons Annually
According to the Philippine Coal Association, the annual coal consumption in the Philippines is expected to grow by 15 million tons to 35 million tons over the next 20 years. In 2014, coal consumption in the Philippines surged to 20 million tons, setting a new record.
Ontario Trade Delegation to China to Sign CAD 2.5 Billion Agreement
The Ontario trade delegation to China recently signed 38 new agreements worth a total of CAD 750 million with Chinese companies in Beijing. This trade delegation is expected to sign over 100 new agreements and memoranda of understanding with Chinese companies, with a total value anticipated to reach CAD 2.5 billion.
Canadian Funds Acquire Chicago Skyway Operating Rights for $2.8 Billion
Reuters reported on November 14 that three major Canadian pension funds announced on Friday that they will pay $2.8 billion to purchase the operating rights of the Chicago Skyway toll bridge from SCC, and are currently preparing to submit for local government approval.
Portugal's Foreign Trade Exports Continue to Grow Rapidly
According to a report by the Portuguese newspaper "Diário Económico" on November 10, data released by the National Statistics Institute of Portugal on the 10th shows that from January to September this year, Portugal's goods exports increased by 4.9% year-on-year (compared to only 1% in the same period last year), with a year-on-year increase of over 1.745 billion euros; imports increased by 2.8% year-on-year, and the trade deficit decreased by more than 500 million euros year-on-year.
Evergrande Group Acquires the United States Wan Tong Building in Hong Kong
China's third-largest real estate developer, Evergrande Group, announced on Wednesday on the Hong Kong Stock Exchange that it has agreed to acquire the United States Wan Tong Building located in the Wan Chai District from Hong Kong developer Chinese Estates Holdings Limited for HKD 12.5 billion (approximately USD 1.6 billion).
Hong Kong Brokers Accelerate Expansion into Mainland Market
The Shanghai-Hong Kong Stock Connect is about to celebrate its first anniversary, and the Shenzhen-Hong Kong Stock Connect is also actively advancing, while Hong Kong brokers are accelerating their expansion into the mainland market, especially internet brokers. Futu Securities, a purely internet-based broker registered in Hong Kong, has established a presence in several cities in the mainland and has received two consecutive rounds of investment from internet giant Tencent and capital mogul Sequoia Capital.
Leung Chun-ying Expects More Canadian Enterprises to Settle in Hong Kong
The Chief Executive of the Hong Kong Special Administrative Region, Leung Chun-ying, met with Ontario Premier Kathleen Wynne at Government House on the 10th to exchange views on issues of mutual concern. Leung stated that Hong Kong, as an international financial and trade center, possesses a WorldWay and talent that can assist Ontario enterprises in expanding their business in the Asia-Pacific region. He hopes that more Canadian enterprises will settle in Hong Kong and leverage its...