https://www.forbes.com/sites/jonathanburgos/ en-us https://blogs-images.forbes.com/files/2018/11/jonburgos_avatar_1541731417-400x400.jpg https://www.forbes.com/sites/jonathanburgos/ Jonathan Burgos' stories. Copyright 2024 Forbes Media LLC https://www.forbes.com/sites/jonathanburgos/2024/12/30/billionaire-gautam-adani-to-raise-2-billion-from-sale-of-adani-wilmar-stake/ Indian billionaire Gautam Adani’s Adani Enterprises is selling its entire stake in Mumbai-listed Adani Wilmar in a $2 billion multi-phased deal with partner Singapore-based Wilmar International. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_67728253456b7a41d8afb5ea Mon, 30 Dec 2024 07:02:11 -0500 2024-12-30T07:02:24-05:00 Indian billionaire Gautam Adani’s Adani Enterprises is selling its entire stake in Mumbai-listed Adani Wilmar in a $2 billion multi-phased deal with partner Singapore-based Wilmar International. © 2023 Bloomberg Finance LP Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/12/23/billionaire-rupert-murdochs-news-corp-sells-foxtel-to-dazn-in-deal-valued-at-21-billion/ Billionaire Rupert Murdoch’s News Corp. has agreed to sell Foxtel Group to global sports streaming platform DAZN Group in a landmark deal valuing the Australian pay television service provider at $2.1 billion. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_676a3997bcdced2821a32e86 Mon, 23 Dec 2024 23:44:12 -0500 2024-12-24T05:22:36-05:00 Billionaire Rupert Murdoch’s News Corp. has agreed to sell Foxtel Group to global sports streaming platform DAZN Group in a landmark deal valuing the Australian pay television service provider at $2.1 billion. Getty Images Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/12/13/malaysian-tycoon-lin-yun-lings-gamuda-surges-to-record-after-google-deals/ Shares of Gamuda—an infrastructure company founded by Malaysian tycoon Lin Yun Ling—surged to an all-time high after announcing investments to help Google build its digital infrastructure in one of Southeast Asia’s fastest growing data center markets. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_675bf904a6359503e95af9d6 Fri, 13 Dec 2024 04:21:30 -0500 2024-12-19T07:15:27-05:00 Shares of Gamuda—an infrastructure company founded by Malaysian tycoon Lin Yun Ling—surged to an all-time high after announcing investments to help Google build its digital infrastructure in one of Southeast Asia’s fastest growing data center markets. getty Asia /asia Asia /asia Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/12/11/singapore-property-billionaires-seek-middle-east-opportunities-with-abu-dhabi-family-office/ Raj Kumar and Kishin RK—the father and son billionaires partners behind one of Singapore’s biggest commercial landlords—are setting up a family office in Abu Dhabi to tap growing real estate and asset management opportunities in the Middle East. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_67594e83cb0dcd5879c4e397 Wed, 11 Dec 2024 04:31:52 -0500 2024-12-19T07:14:58-05:00 Raj Kumar and Kishin RK—the father and son billionaires partners behind one of Singapore’s biggest commercial landlords—are setting up a family office in Abu Dhabi to tap growing real estate and asset management opportunities in the Middle East. Courtesy of RB Capital/Royal Holdings Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/12/05/tycoon-gordon-tang-to-buyout-singapores-suntec-reit-in-deal-valued-at-25-billion/ Property tycoon Gordon Tang and his wife Celine have offered to buy out shares of Singapore-listed Suntec REIT in a deal valuing one the biggest office landlords in the financial hub at $2.5 billion. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_67526a8a333d8b576d2c9bc4 Thu, 05 Dec 2024 22:34:50 -0500 2024-12-19T07:12:53-05:00 Property tycoon Gordon Tang and his wife Celine have offered to buy out shares of Singapore-listed Suntec REIT in a deal valuing one the biggest office landlords in the financial hub at $2.5 billion. Courtesy of Suntec REIT Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/12/03/sime-darby-building-more-data-centers-for-google-in-malaysia/ Sime Darby Property is building more data centers for Alphabet’s Google in Malaysia as the U.S. tech giant accelerates expansion plans across Southeast Asia. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_674fd1dd24a5f51e68dadbc1 Tue, 03 Dec 2024 23:09:56 -0500 2024-12-03T23:10:04-05:00 Sime Darby Property is building more data centers for Alphabet’s Google in Malaysia as the U.S. tech giant accelerates expansion plans across Southeast Asia. Courtesy of Sime Darby Property Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/11/27/indian-billionaire-gautam-adanis-company-says-he-hasnt-been-charged-for-violating-us-corruption-law/ Adani Green Energy said that contrary to media reports, its chairman Gautam Adani and his aides have not been charged for violating the U.S. Foreign Corrupt Practices Act. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_6746a3ece546cd015ec20691 Wed, 27 Nov 2024 00:02:58 -0500 2024-11-28T02:34:12-05:00 Adani Green Energy said that contrary to media reports, its chairman Gautam Adani and his aides have not been charged for violating the U.S. Foreign Corrupt Practices Act. © 2024 Bloomberg Finance LP Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/11/22/billionaire-ex-pm-thaksin-calls-for-lower-taxes-and-electricity-tariffs-to-boost-thailands-competitiveness/ Former Prime Minister Thaksin Shinawatra would like the government to reduce Thailand’s personal income tax rate to help stimulate the economy that has lagged the growth of its ASEAN neighbors. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_6740480d778b221c7b68aee6 Fri, 22 Nov 2024 04:21:08 -0500 2024-11-26T03:54:41-05:00 Former Prime Minister Thaksin Shinawatra would like the government to reduce Thailand’s personal income tax rate to help stimulate the economy that has lagged the growth of its ASEAN neighbors. Forbes Asia Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/11/20/lvmh-billionaire-bernard-arnault-receives-malcolm-s-forbes-lifetime-achievement-award/ Bernard Arnault, chairman and CEO of LVMH Group, received the Malcolm S. Forbes Lifetime Achievement Award at the Forbes Global CEO Conference 2024 on Wednesday in Bangkok. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_673d48295ff1fa01b0946304 Wed, 20 Nov 2024 03:16:15 -0500 2024-11-26T23:12:45-05:00 Bernard Arnault, chairman and CEO of LVMH Group, received the Malcolm S. Forbes Lifetime Achievement Award at the Forbes Global CEO Conference 2024 on Wednesday in Bangkok. Courtesy of Forbes Asia Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/11/12/vietnamese-billionaire-to-inject-2-billion-into-loss-making-vinfast/ Billionaire Pham Nhat Vuong—Vietnam’s richest person—is investing $2 billion into VinFast Auto amid widening losses at the struggling electric vehicle maker. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_673339b835f6b35e73ae9bef Tue, 12 Nov 2024 06:28:10 -0500 2024-11-14T02:37:38-05:00 Billionaire Pham Nhat Vuong—Vietnam’s richest person—is investing $2 billion into VinFast Auto amid widening losses at the struggling electric vehicle maker. Courtesy of VinFast Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/11/11/billionaire-kwek-leng-bengs-cdl-sells-20-of--singapore-luxury-condo-amid-tepid-demand/ Billionaire Kwek Leng Beng's City Developments sold 20% of a luxury residential project in Singapore's financial district amid tepid demand from high-end buyers. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_6731e16ed6452e1c3657fbdc Mon, 11 Nov 2024 06:28:33 -0500 2024-11-11T06:28:46-05:00 Billionaire Kwek Leng Beng's City Developments sold 20% of a luxury residential project in Singapore's financial district amid tepid demand from high-end buyers. Courtesy of City Developments Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/11/08/tycoon-ong-beng-sengs-hpl-buys-concorde-hotel-singapore-for-620-million/ Hotel Properties is buying the Concorde Hotel in Singapore’s main shopping strip for $620 million as the developer controlled by tycoon Ong Beng Seng and wife Christina steps up investments in the city-state. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_672de1840a3d783240295bca Fri, 08 Nov 2024 10:43:41 -0500 2024-11-11T03:39:31-05:00 Hotel Properties is buying the Concorde Hotel in Singapore’s main shopping strip for $620 million as the developer controlled by tycoon Ong Beng Seng and wife Christina steps up investments in the city-state. Getty Images Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/11/08/billionaire-wee-familys-uob-jumps-to-record-as-singapore-bank-mulls-share-buyback/ Shares of Singapore-based United Overseas Bank surged to a record high after its billionaire CEO Wee Ee Cheong as the lender considers returning excess capital to shareholders on the back of robust earnings. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_672dc8a611455632743acb26 Fri, 08 Nov 2024 04:33:58 -0500 2024-11-11T03:39:30-05:00 Shares of Singapore-based United Overseas Bank surged to a record high after its billionaire CEO Wee Ee Cheong as the lender considers returning excess capital to shareholders on the back of robust earnings. Munster Cheong for Forbes Asia Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/11/02/billionaire-kwek-leng-bengs-cdl-revives-china-bet-with-shanghai-property-purchase/ City Developments—controlled by billionaire Kwek Leng Beng and his family—has partnered with Chinese state-linked Lianfa Group to purchase a prime mixed-use site in downtown Shanghai for $1.3 billion. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_67259e44e449d50187214bdd Sat, 02 Nov 2024 00:15:23 -0400 2024-11-04T02:47:32-05:00 City Developments—controlled by billionaire Kwek Leng Beng and his family—has partnered with Chinese state-linked Lianfa Group to purchase a prime mixed-use site in downtown Shanghai for $1.3 billion. Courtesy of City Developments Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/10/28/billionaire-wee-familys-uol-partner-to-buy-singapore-property-for-613-million/ UOL Group and its unit Singapore Land—both controlled by the family of late banking and real estate billionaire Wee Cho Yaw—have partnered with CapitaLand to buy a residential condominium in the northern central precinct of Bishan for $613 million as housing demand picks up. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_671f0323937c570d925d177e Mon, 28 Oct 2024 00:25:16 -0400 2024-10-29T12:40:11-04:00 UOL Group and its unit Singapore Land—both controlled by the family of late banking and real estate billionaire Wee Cho Yaw—have partnered with CapitaLand to buy a residential condominium in the northern central precinct of Bishan for $613 million as housing demand picks up. Courtesy of Edmund Tie Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/10/24/las-vegas-sands-to-invest-8-billion-to-expand-singapore-casino/ Las Vegas Sands—controlled by the family of the late casino billionaire Sheldon Adelson—plans to invest $8 billion to expand its integrated casino resort in Singapore amid a tourism boom in the city-state. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_6719ded0b5de18622cdda9e3 Thu, 24 Oct 2024 01:59:33 -0400 2024-10-25T04:01:00-04:00 Las Vegas Sands—controlled by the family of the late casino billionaire Sheldon Adelson—plans to invest $8 billion to expand its integrated casino resort in Singapore amid a tourism boom in the city-state. Getty Images Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/10/22/indian-billionaire-gautam-adani-buys-orient-cement-as-rivalry-intensifies/ Billionaire Gautam Adani's Ambuja Cements agreed to buy a 47% stake in Orient Cement in a deal valued at $963 million, stepping up acquisitions amid intensifying rivalry with tycoon Kumar Mangalam Birla. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_67179f48ea64e2593babba70 Tue, 22 Oct 2024 09:35:02 -0400 2024-10-25T04:00:44-04:00 Billionaire Gautam Adani's Ambuja Cements agreed to buy a 47% stake in Orient Cement in a deal valued at $963 million, stepping up acquisitions amid intensifying rivalry with tycoon Kumar Mangalam Birla. getty Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/10/20/billionaire-kwek-leng-bengs-cdl-sells-84-of-singapore-housing-project-amid-resilient-demand/ Billionaire Kwek Leng Beng's City Developments sold 84% of a residential project in northern Singapore, adding to signs of resilient demand in the city-state. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_6715be6d222c8a27d3936d86 Sun, 20 Oct 2024 23:02:21 -0400 2024-10-22T04:07:29-04:00 Billionaire Kwek Leng Beng's City Developments sold 84% of a residential project in northern Singapore, adding to signs of resilient demand in the city-state. Courtesy of City Developments Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/10/10/malaysias-public-bank-to-buy-late-founders-stake-in-insurance-company-for-400-million/ Public Bank Bhd—Malaysia’s second-largest lender by market value—said Thursday it is buying a 44.15% stake in LPI Capital from the family of its late founder Teh Hong Piow for $400 million. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_67089a026a47c94083910275 Thu, 10 Oct 2024 23:54:35 -0400 2024-10-16T03:49:06-04:00 Public Bank Bhd—Malaysia’s second-largest lender by market value—said Thursday it is buying a 44.15% stake in LPI Capital from the family of its late founder Teh Hong Piow for $400 million. getty Asia /asia Asia /asia Editors' Pick editors-pick Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/10/08/billionaire-banker-grows-singapore-lender-across-southeast-asia-and-spruces-up-its-image/ UOB, one of city-state’s oldest lenders, hits sweet spot with youth across the region after buying Citibank’s consumer banking operations and partnering with global superstar Taylor Swift. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_6704b39a9ba32c78f847bd89 Tue, 08 Oct 2024 21:30:00 -0400 2024-10-25T03:06:22-04:00 UOB, one of city-state’s oldest lenders, hits sweet spot with youth across the region after buying Citibank’s consumer banking operations and partnering with global superstar Taylor Swift. Hero Image Munster Cheong for Forbes Asia Asia /asia Asia /asia Forbes Magazine /forbes-magazine Forbes Asia /forbesasia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia singapore-billionaires premium https://www.forbes.com/sites/jonathanburgos/2024/10/04/singapore-charges-property-tycoon-ong-beng-seng-with-offences-linked-to-gifts-to-convicted-ex-minister/ A Singapore court on Friday charged property tycoon Ong Beng Seng with two offenses related to a case against former transport minister S. Iswaran, who was convicted earlier of breaking the law by receiving gifts including Formula-1 tickets and a trip to Doha. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_66ffad8311ded6187af49ba1 Fri, 04 Oct 2024 12:36:26 -0400 2024-10-07T04:32:32-04:00 A Singapore court on Friday charged property tycoon Ong Beng Seng with two offenses related to a case against former transport minister S. Iswaran, who was convicted earlier of breaking the law by receiving gifts including Formula-1 tickets and a trip to Doha. AFP via Getty Images Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/09/04/kkr-backed-singapore-billionaire-on-hot-streak-from-selling-premium-coffee-tea/ Singapore tycoon Ron Sim made his first fortune in massage chairs and once owned U.S. retailer Brookstone. Now he is betting on coffee and tea shops. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_66d7dc3c2f6a3a6a4ae0323b Wed, 04 Sep 2024 18:30:54 -0400 2024-12-12T02:58:09-05:00 Singapore tycoon Ron Sim made his first fortune in massage chairs and once owned U.S. retailer Brookstone. Now he is betting on coffee and tea shops. Hero Image Munster Cheong for Forbes Asia Asia /asia Asia /asia Billionaires /worlds-billionaires Forbes Magazine /forbes-magazine Forbes Asia /forbesasia Business /business Daily Cover daily-cover Editors' Pick editors-pick Forbes Asia singapore-billionaires premium https://www.forbes.com/sites/jonathanburgos/2024/07/14/vietnamese-billionaires-vinfast-delays-us-ev-factory-amid-headwinds/ Vietnamese billionaire Pham Nhat Vuong's VinFast Auto is delaying the construction of its electric vehicle factory in the U.S. by three years amid growing economic headwinds. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_6693d2d11adde30736e59a93 Sun, 14 Jul 2024 09:48:32 -0400 2024-11-09T04:12:59-05:00 Vietnamese billionaire Pham Nhat Vuong's VinFast Auto is delaying the construction of its electric vehicle factory in the U.S. by three years amid growing economic headwinds. Courtesy of VinFast Asia /asia Asia /asia Editors' Pick editors-pick Premium Content premiumcontent Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/05/26/malaysian-tycoon-lin-yun-lings-gamuda-bags-372-million-deal-to-build-sime-darby-data-center/ Malaysian tycoon Lin Yun Ling's Gamuda to build Sime Darby's maiden data center as the race to expand cloud computing infrastructure in Southeast Asia heats up. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_6653f45ef26e662747a6ea97 Sun, 26 May 2024 23:26:20 -0400 2024-12-03T23:02:27-05:00 Malaysian tycoon Lin Yun Ling's Gamuda to build Sime Darby's maiden data center as the race to expand cloud computing infrastructure in Southeast Asia heats up. getty Asia /asia Asia /asia Premium Content premiumcontent Editors' Pick editors-pick Forbes Asia standard https://www.forbes.com/sites/jonathanburgos/2024/01/22/billionaire-pham-nhat-vuongs-vingroup-to-invest-21-billion-in-indonesia-ev-factory-taxi-venture/ VinFast is investing $2.1 billion over the next few years to build an electric vehicle manufacturing facility in Indonesia and roll out a taxi service in Southeast Asia’s most populous country. Jonathan Burgos, Forbes Staff Jonathan Burgos, Forbes Staff https://www.forbes.com/sites/jonathanburgos/ content_65aa4ac48da49420f4b7a7b7 Mon, 22 Jan 2024 01:15:41 -0500 2024-11-08T04:15:20-05:00 VinFast is investing $2.1 billion over the next few years to build an electric vehicle manufacturing facility in Indonesia and roll out a taxi service in Southeast Asia’s most populous country. VinFast Asia /asia Asia /asia Billionaires /worlds-billionaires Business /business Premium Content premiumcontent Forbes Asia standard