Singapore has emerged as the top destination for Asian businesses expanding abroad, according to a UOB survey out yesterday. The country's stable political and social climate is a strong draw in these challenging times as overseas expansion becomes more urgent amid slowing sales in domestic markets, the poll showed. The bank's Asian Enterprise Survey was first conducted in 2014 and is now in its second edition. The latest survey polled 2,500 companies in six markets - mainlan

Asia has reportedly produced a new billionaire every week. Well, it turns out to be much faster than that. A new report by UBS and PricewaterhouseCoopers found that one billionaire pops up in Asia every three days, outpacing all other regions in the world. China accounted for 71% of Asia’s new billionaires in 2015, up from 35% in 2009, according to the report, which has analyzed data covering more than 1,300 billionaires over the past two decades. Of 113 Asian entrepreneurs w