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Asia’s record remittances show globalization alive and well

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 Insights

02-May-19 Foreign remittances to Asian countries hit USD300 bn for the first time in 2018, underscoring the ever-rising importance of overseas employment for the region. Major recipients such as Pakistan and the Philippines have GDPs only slightly bigger than that. [image: World Bank staff estimates, World Development Indicators, IMF Balance of Payments Statistics /  Asia Times]

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KKR, CVC, other PE firms bid for Asian hospital business

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 Insights

19-Mar-19 Columbia Pacific Management’s Asian hospital business has drawn interest from global PE players including KKR, CVC and Carlyle. If successful, the deal would be worth USD2 bn and be the biggest transaction in Southeast Asia’s hospital sector in nine years. [image: The Star]

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Future Retail secures deal to open 7-Eleven stores in India

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 Insights

28-Feb-19 Future Retail, which operates local retail chains such as Food Hall and Nilgiris, has secured a deal with 7-Eleven to set up the first 7-Eleven stores in India and will convert some of its existing operations into 7-Elevens. [image: Reuters / Toru Hanai]

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