China’s Secondhand Home Prices Drop Again, But Pace Eases
China’s top-tier housing market continued to soften in December, with prices for existing homes in its four major cities extending their slide from a year earlier – a sign that recovery remains elusive despite a slower pace of monthly declines, Caixin reported.
BlackRock Gets Nod to Extend Asia Credit Fund by Another Year
BlackRock has obtained investor consent to extend the investment period of its second Asia private credit fund, Bloomberg reported. The BlackRock Asia Pacific Private Credit Opportunities Fund II will now remain active for another year starting January. During this time, BlackRock may deploy no more than USD 135 million in new investments.
Vietnam’s Lam Pledges Growth Above 10% Despite Global Disruptions
Vietnam’s top leader To Lam pledged annual economic growth of more than 10% for the remainder of the decade despite global disruptions, as he addressed delegates at the Communist Party congress, Reuters reported via CNA. The former head of state security promised to further reform the public administration after he launched the bureaucracy’s most significant overhaul in decades.
Malaysia’s Khazanah to Steer More Capital to Power Grids and Chip Firms
Malaysia’s sovereign wealth fund Khazanah Nasional plans to channel more capital into strengthening the power system and supporting local semiconductor firms as AI drives the next investment cycle, Reuters reported, citing its managing director Amirul Feisal Wan Zahir.
More Than 220 Singapore Car Leasing Firms Closed in 2025
As rental firms fold and fleets are repossessed in Singapore, drivers who depend on leased cars to make a living are left stranded, CNA reported.