It also has branches in Hong Kong, competing with the best Cantonese restaurants on their own turf.
Singapore’s three local banks — DBS Group Holdings (星展銀行), Oversea-Chinese Banking Corp (新加坡華僑銀行) and United Overseas Bank (大華銀行) — are also well established with branches and affiliates spread across Asia.
Serviced apartment operator Ascott Group can lay claim to be the largest in its industry with 25,000 units in 66 cities in Asia, Europe and the Gulf region.
In China alone, Ascott runs over 5,000 serviced residence units in 12 cities, the company said.
“Having a global network of properties gives us economies of scale and the cross-selling opportunities across different regions and properties,” chief executive Lim Ming-yan said.
The firm is planning to open its first property in Georgia by the end of this year and in Kazakhstan in the second half of next year, he said.
RSS