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With IPO on Its Agenda, Syngenta Group Reports Accelerating Growth Chinese-owned global agricultural giant Syngenta Group reported a strong pick-up in revenue growth in the first quarter, as a media report said the company formed last year through a merger of assets in Europe, Israel and China may be accelerating its IPO plans with an aim to list this year. The Swiss-based group said its sales rose 20% in the first quarter of 2021 to $7.1 billion, according to an announcement on Thursday. That marked an acceleration from the full-year 2020 when the company’s revenue grew by a As a private ...

Singapore-Hong Kong Air Travel Bubble to Begin May 26 (The Straits Times) —The much-anticipated air travel bubble to allow quarantine-free travel between Singapore and Hong Kong is set to take off on May 26 — six months after its initial planned launch. Originally planned to start in November last year, it was deferred by both parties due to the worsening Covid-19 situation in Hong Kong. Singapore’s Ministry of Transport (MOT) said on April 26 that the travel bubble will have a cautious start. There will be one flight a day in each direction, capped at 200 passengers on each flight for ...

Indonesian Teledoctor Halodoc Gets $80 Million in New Funding Round (Nikkei Asia) — Halodoc, one of Indonesia’s largest health-tech startup, has received funding totaling $80 million from new investors including Indonesian conglomerate Astra International and Singapore’s state investor Temasek, the company said on Wednesday. Astra’s venture capital arm Astra Digital Internasional led the startup’s Series C funding round, Halodoc said in a news release. It marked the first time that Astra and Temasek are investing in the company. Astra said in a separate release on its first quarter ...

China Regulator Fines Parent Of BMW Partner Over False Accounting (Nikkei Asia) — China’s securities regulator has fined Huachen Automotive Group Holdings and a group of current and former executives almost $9 million over false and incomplete disclosures made during bond sales by the bankrupt corporate parent of BMW’s local joint venture partner. Last week, Brilliance China Automotive, BMW’s Hong Kong-listed partner, revealed that it had discovered that subsidiaries had guaranteed 5.89 billion yuan ($905.91 million) in Huachen bank borrowings without authorization. The latest disclos...

Car Chip Shortage to Start Easing in Second Half, Bosch China Chief Says Many carmakers may continue to experience chip shortages for the next two months before starting to see some improvement, Bosch China Executive Vice President Xu Daquan told Caixin. Photo: VCG A global chip shortage that has dogged carmakers since late 2020 is likely to peak in the current quarter, before starting to ease in the second half of the year, the China chief of leading global auto components supplier Bosch Group told Caixin in an interview. The shortage of chips used in cars was first noted by some automakers ...