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Oil and gas will not save Lebanon

Oil and gas will not save Lebanon

As Lebanon races to enter the new oil producers club, decision-makers display a dangerous tendency to put all hopes on this uncertain sector and label it as the economic savior. This goes against the advice of Lebanese experts who have been warning against a 'presource' curse (the underperformance of economic growth after a commercial discovery, but long before production—a result of skyrocketing expectations"...

CDIB Capital Group Appoints Mr. Angelo J.Y. Koo as Chairman to Lead Global Asset Management Business

CDIB Capital Group Appoints Mr. Angelo J.Y. Koo as Chairman to Lead Global Asset Management Business

China Development Financial (“CDF”, TWSE: 2883) announced in 2H19 investor conference that its subsidiary CDIB Capital Group (“CDIB”) has achieved NT$41.1bn in AUM of its private equity funds at end-September, successfully transforming its proprietary investment business into an asset management model. Recently, the CDIB Board has appointed Mr. Angelo J.Y. Koo as Chairman to lead CDIB towards a global asset management brand. CDIB has been focused on expanding global investment portfolio, the newly launched “CDIB Intelligence Partners Fund” as an example. On a projected scale of up to US$75mn, the fund is actively seeking institutional investors in telecom, retail, technology and financial service sectors, targeting at global AI-related investment opportunities. Effective since October 1st, the CDIB Board has appointed......