Connect with us

Business

China-ASEAN Joint Investment Council Launched by SOFAZ and Major Sovereign Investment Funds

Published

on

China-ASEAN Joint Investment Council Launched by SOFAZ and Major Sovereign Investment Funds

SOFAZ and five other leading sovereign wealth funds established the China-ASEAN Joint Investment Council (CAJIC) to strengthen cooperation and explore investment opportunities across China and Southeast Asia. The platform focuses on relationship-building, knowledge-sharing, and capital deployment through joint initiatives like the Galaxy Orientis investment program.

Key Points

• SOFAZ and five leading sovereign wealth funds established the China-ASEAN Joint Investment Council (CAJIC) to strengthen relationships, exchange investment perspectives, and explore bilateral and multilateral cooperation opportunities across China and Southeast Asia.

• CAJIC complements the Galaxy Orientis China-ASEAN Investment Program (CAIP), a jointly governed private equity platform with approximately US$520 million in first close and US$1 billion target size, focusing on long-term investment opportunities in industrials, healthcare, consumer, business services, and technology sectors.

• SOFAZ’s participation strengthens financial and institutional ties between Azerbaijan and Asian investors, supporting its portfolio diversification strategy and access to high-quality investment opportunities through trusted institutional networks.

Advertisement

Strategic Formation of China-ASEAN Investment Council

Establishment and Core Structure

Six leading sovereign wealth funds have established the China-ASEAN Joint Investment Council (CAJIC), a significant collaborative platform announced at the 26th China International Fair for Investment and Trade in Xiamen. The founding members include SOFAZ (Azerbaijan), China Investment Corporation (CIC), Thailand Government Pension Fund, Khazanah Nasional Berhad, Kumpulan Wang Persaraan, and Indonesia Investment Authority (INA). Convened by CIC with CGS International Securities serving as secretariat, this member-led institutional platform strengthens long-term relationships and explores bilateral and multilateral cooperation opportunities across China and Southeast Asia.

Operational Focus Areas

CAJIC operates across three strategic dimensions: People, through investment forums and executive programs; Insights, through research and knowledge-sharing initiatives; and Capital, through separately governed investment programs. This comprehensive approach enables participating institutions to develop deeper connections while identifying mutually beneficial opportunities across the region’s growing economic landscape.

Advertisement

SOFAZ’s Progressive Engagement Strategy

Building on Established Relationships

For SOFAZ, CAJIC represents the evolution of its decade-long investment engagement in China. The fund has progressively expanded institutional relationships with leading Chinese partners, culminating in an April 2025 Memorandum of Understanding with CIC establishing a strategic framework for deeper cooperation. This foundation demonstrates SOFAZ’s commitment to strengthening financial and institutional ties within the region, complementing Azerbaijan’s position as a physical bridge between Asia and Europe through the Middle Corridor.

Joint Investment Initiatives

In April 2026, SOFAZ, CIC, and INA jointly established the Galaxy Orientis China-ASEAN Investment Program (CAIP), a sovereign-led private equity platform. The program achieved a first close of approximately US$520 million with a target size of US$1 billion, focusing on long-term opportunities in industrials, healthcare, consumer, business services, and technology sectors. While CAIP and CAJIC are separate initiatives, they remain complementary—CAJIC provides the institutional platform while CAIP serves as the mechanism for deploying capital into specific opportunities.

Advertisement

Strategic Value and Long-Term Benefits

Regional Connectivity and Financial Integration

SOFAZ’s participation in CAJIC strengthens the financial infrastructure supporting Azerbaijan’s geographic position between Asia and Europe. As physical connectivity through the Middle Corridor develops, parallel institutional relationships with leading Asian sovereign investors create complementary channels for growth and cooperation. This dual approach—physical infrastructure and financial institutional ties—positions SOFAZ strategically for sustained engagement.

Portfolio Diversification and Partnership Building

For long-term investors, trusted partners, local market knowledge, and co-investment capabilities prove as valuable as capital access itself. CAJIC membership provides SOFAZ practical channels to deepen relationships with regional sovereign institutions while accessing high-quality investment opportunities through strong institutional networks. This approach fundamentally supports SOFAZ’s objective of long-term portfolio diversification and sustainable partnership development with aligned global capital.

Advertisement

Source : SOFAZ, Leading Sovereign Investors Establish China-ASEAN Joint Investment Council

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

The Real Cost of Free Business Software for SMEs

Published

on

Top Fintech Software Development Companies in 2026

Free tools are everywhere. Free CRM, free invoicing, free email marketing, free project boards. When you’re running a small business on tight margins, signing up for all of them seems like a no-brainer. And for the first few months, they usually do the job.

But things change once your team grows, your data piles up, or you need two tools to actually talk to each other. That’s when “free” starts costing you in ways that won’t show up on an invoice. So let’s get into where those hidden costs actually come from and how to tell when it’s time to pay for something better.

Where Free Tools Start to Bite

Most free-tier software makes money by limiting what you can do. That might mean a cap on contacts, a limit on how many emails you can send per month, or no access to reporting. Early on, those limits don’t matter. But once you hit them, you’ll either upgrade or start bodging together workarounds.

And workarounds are where the real cost kicks in. Your team spends an hour a week manually exporting data from one tool and importing it into another. Someone builds a spreadsheet to track what the CRM can’t handle. A junior team member wastes half a day trying to connect two platforms that were never designed to work together.

None of that shows up as a line item, but it adds up fast. Even a few hours a week of lost productivity across a small team can easily cost more than a paid subscription would.

Advertisement

The Data Problem Nobody Talks About

One of the biggest issues with free tools is what happens to your data over time. Many free platforms limit how long they store records, how much you can export, or whether you can integrate with other systems at all.

Say you’ve been running your email campaigns on a free plan for two years and then decide to move to a paid tool. Migrating that data can be a nightmare. Contact lists don’t transfer cleanly, campaign history gets lost, and custom fields just vanish.

For SMEs, customer data is one of the most valuable assets you’ve got. Locking it inside a free tool with no proper export options is a risk most business owners won’t think about until it’s already too late.

How to Know When Free Stops Making Sense

There’s no magic revenue number or team size that means you should automatically upgrade. But there are signs that tend to crop up:

Advertisement
  • You’re spending more time managing the tool than actually using it.
  • You’ve hit feature limits that affect how you sell, market, or support customers.
  • Your team has built manual processes to fill gaps the software can’t cover.
  • You can’t get a clear picture of your pipeline or performance because the reporting is too basic.
  • Onboarding new staff takes longer because the setup is held together with workarounds.

When SMEs start comparing their options for sales and marketing platforms, resources like GTM Tools can help cut through the noise by reviewing and ranking go-to-market software side by side. That kind of comparison becomes especially useful once you’ve outgrown the free tier and need to make a confident decision with real money on the line.

What a Paid Tool Should Actually Give You

Paying for software doesn’t automatically mean you’ll get value from it. Plenty of SMEs upgrade to a paid plan and still use about 20% of what’s available. So before you commit, get clear on what you actually need.

A good paid tool should save your team time every week. It should connect with the other platforms you already use, and it should give you reporting that helps you make decisions, not just dashboards that look impressive. Most importantly, it should grow with you so you’re not switching again in 12 months.

Don’t pay for features you won’t use. But don’t dodge paying for tools that will genuinely make your team faster and your data more reliable either.

The Smarter Way to Budget for Business Software

Free software has its place. If you’re a solo founder testing an idea, a free CRM or project board is perfectly fine. But once you’ve got paying customers, a growing team, and real revenue targets, treating your tools as a cost to avoid instead of an investment to manage will slow you down.

Advertisement

Build software costs into your operating budget the same way you’d budget for rent or insurance. Review what your team actually uses every quarter. And when a free tool starts creating more work than it saves, don’t wait around. The longer you put off the switch, the messier the migration will be.

Advertisement
Continue Reading

Business

Stock Market Today: Dow Rallies On Surprise Inflation Report; Nvidia Rebounds

Published

on

Stock Market Today: Dow Down After Surprise Jobs Reading; Cloudflare Soars

The Dow Jones Industrial Average and the other major stock indexes rallied Friday, as Wall Street reacted to a slightly hotter-than-expected consumer price index inflation report. Software stock Adobe (ADBE) and artificial intelligence name Oracle (ORCL) were big earnings movers on the stock market today, while Nvidia (NVDA) looked to snap a three-day losing streak. Just after Friday’s open, the…

Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue Reading

Business

The First Five Hires That Make or Break an Agency

Published

on

At some point in their history, businesses commonly have need for external funding to help their growth trajectory.

Most agency founders kick off the same way. They do everything themselves. Sales, delivery, admin, invoicing, client calls at 9pm on a Tuesday. And honestly, it works for a bit. But it doesn’t scale, and eventually you’ll need to bring people in. The thing is, the order you hire in matters way more than most people think.

Bring in the wrong role too early and you’ll burn cash on someone with nothing to do. Leave the right role too late and you become the bottleneck holding your own business back. So here are the five hires that tend to separate agencies that grow from the ones that get stuck.

Hire One: A Delivery Person Who Can Run With It

Your first hire shouldn’t be a salesperson. It should be someone who can pick up client work and deliver it to a high standard without you looking over their shoulder every five minutes.

If you’re running a marketing agency, that could be a senior content producer or a paid media specialist. If it’s a web agency, you’re probably looking at a developer. The job title will change depending on what you sell, but the idea is always the same: get yourself out of day-to-day delivery so you can focus on winning clients and keeping them happy.

The big mistake here is going too junior. A grad or intern will cost less upfront, sure, but they’ll need training and oversight you simply don’t have time for right now. Your first hire needs to be someone who can take a brief, run with it, and get it signed off without you being involved at every step.

Advertisement

Hire Two: A Second Pair of Hands on Delivery

Before you even think about sales or operations, double down on delivery. One person handling all the client work will burn out quickly, especially as you bring on more accounts. Your second hire should fill a gap the first one leaves, whether that’s a different skill set or just handling overflow when things get busy.

This is also when client management starts to get real. With two people delivering work, you’ll need clearer briefs, better handovers, and some basic way to track who’s doing what. Even a shared spreadsheet will do the job for now. Just don’t wait until things start falling through the cracks to sort it out.

Hire Three: An Operations or Admin Hire

This is the one most founders put off for too long. By the time you’ve got two delivery staff and a growing list of clients, admin tasks are eating into everyone’s time. Proposals, contracts, invoicing, chasing payments, onboarding new clients, keeping records in order.

An operations hire doesn’t have to be full-time straight away. A part-time office manager or virtual assistant can handle most of it. The point is to stop your delivery team burning hours on non-billable work. This is also when your systems need to catch up. A proper CRM software for agencies will make a real difference here, because trying to track client details, contracts, and follow-ups across inboxes and sticky notes just stops working once you’ve got more than a handful of accounts.

Advertisement

Hire Four: A Dedicated Salesperson or Business Developer

Only now, with delivery and operations sorted, should you think about bringing in someone focused on new business. A lot of founders want to hire a salesperson early because revenue feels urgent. But if you can’t deliver what they sell, you’ll just create a backlog and end up damaging client relationships.

A good business developer at this stage will take prospecting and lead nurturing off your plate. You’ll probably still close the deals yourself for a while, but having someone consistently filling the pipeline is what turns an agency from project-based work into something with real momentum behind it.

Hire Five: A Senior or Specialist Who Opens a New Lane

Your fifth hire should either expand what the agency can offer or go deeper in a specific area. That could be a strategist, a designer, a data analyst, or maybe a channel specialist. The exact role depends on where your clients keep asking for more and where you see the biggest opportunity to grow.

This hire is about moving from “we do a bit of everything” to “we do this thing really well.” Agencies that stay generalists for too long usually end up competing on price. A specialist hire lets you compete on value instead, and that changes everything.

Advertisement

The Sequencing Mistakes That Trip Agencies Up

The most common one is hiring for sales before delivery can keep up. You end up overpromising, underdelivering, and losing clients you worked hard to win. The second mistake is skipping the ops hire altogether. Without someone managing the admin side of things, your senior people will spend half their time on work that doesn’t actually bring in any money.

Then there’s hiring too many juniors too fast. Three inexperienced hires will cost you more in management time than one experienced person who can just get on with the job. Every early role you fill should take something off your plate, not add to it.

At the end of the day, there’s no single template that works for every agency. A design studio will have different priorities to a PR firm. But the general rule holds: delivery first, then operations, then sales, then specialism. Get that order right and each hire will fund the next one. Get it wrong and you’ll spend all your time putting out fires instead of growing the business.

Advertisement

Continue Reading

Business

Tesla: Another 2019 Inflection Is Taking Shape – And The Market Hasn't Caught Up

Published

on

Tesla: Another 2019 Inflection Is Taking Shape - And The Market Hasn't Caught Up

Tesla: Another 2019 Inflection Is Taking Shape – And The Market Hasn't Caught Up

Continue Reading

Business

Green Giant deal in Canada runs into regulatory hurdle

Published

on

Green Giant deal in Canada runs into regulatory hurdle













Advertisement













Green Giant deal in Canada runs into regulatory hurdle | Food Business News

Advertisement

Advertisement




Skip To Content

Advertisement

Continue Reading

Business

Govt’s urban reset: Centre divides ministry of Housing and Urban Affairs into two specialised verticals

Published

on

Govt's urban reset: Centre divides ministry of Housing and Urban Affairs into two specialised verticals
New Delhi: In a major structural push to reset urban governance and accelerate infrastructure development, the Centre has executed a complete top-to-bottom overhaul of the Ministry of Housing and Urban Affairs, replacing senior bureaucrats and appointing new leadership to spearhead its flagship missions.

The administrative revamp follows the government’s decision last Thursday to split the ministry into two specialised verticals: Department of Capital Development (Rajdhani Vikas Vibhag) and the Department of Urban Development (Shehari Vikas Vibhag). The division is designed to enable dedicated focus on distinct aspects of urban planning while streamlining service delivery, execution, and policy interventions.

The administrative reshuffle moved at breakneck speed. Within 24 hours of the Gazette notification, secretary Srinivas Katikithala (a 1989-batch IAS officer of Gujarat cadre) handed over charge of the newly-created department of capital development to D Thara, a 1995-batch IAS officer from the same cadre. Simultaneously, the Centre posted Satendra Singh (a 1995-batch Jharkhand cadre IAS officer) as secretary to lead the Department of Urban Development. The overhaul extends deep into the operational leadership of Centre’s core urban schemes.
Crucial personnel shifts include Kuldeep Narayan, who was directing the flagship housing scheme Pradhan Mantri Awas Yojana (Urban), moving to Niti Aayog. Roopa Mishra, who spearheaded the Swachh Bharat Mission (Urban), has also been reassigned. New directors are slated to assume charge within the next fortnight to ensure seamless administrative continuity. At the heart of this structural realignment is a targeted policy focus on the national capital. The Centre has set its sights on resolving Delhi’s long-standing, complex urban challenges through a bifurcated strategy. With a BJP government in power in Delhi, the ministry bifurcation will also help in better implementation of infrastructure projects, including the ambitious Central Vista project.

Continue Reading

Business

Why the UK is dithering over what to do about e-scooters

Published

on

BBC InDepth

Young boys and men appear to be over-represented in the stats. Of the casualties, 302 – the most of any age and sex category – were males aged 10-19.

Six deaths were recorded in 2024, unchanged from the previous year. Five of these were riders and one a pedestrian.

Although the numbers aren’t conclusive, it is thought more accidents are happening on privately owned e-scooters. Winchcomb says police statistics “aren’t reflective of the number of injuries”.

Nonetheless, campaigners believe there is enough evidence to show that regulation is urgently needed.

Advertisement

Carly Calland’s 14-year-old son Jacob died in March 2025 of a catastrophic head injury. He was a passenger on an e-scooter that was involved with a collision with a car.

If privately owned e-scooters are legalised for public use, Carly believes, there should be mandatory helmets, a ban on carrying passengers and penalties for parents that allow children to ride illegally.

“If Jacob was wearing a helmet that day, he would still be here,” Carly, from Wythenshawe in Greater Manchester, says.

Carly is not against e-scooters. They “are really good for people to get to work, and they are eco-friendly”, she tells me, but “they just need to be used in the correct way.”

Advertisement

What happens if the current situation goes on? Her answer is emphatic: “More deaths.”

Continue Reading

Business

DIVO: The Covered Call Machine Built To Outlast A Downturn

Published

on

DIVO: The Covered Call Machine Built To Outlast A Downturn

DIVO: The Covered Call Machine Built To Outlast A Downturn

Continue Reading

Business

McCormick sets priorities for next chapter

Published

on

McCormick sets priorities for next chapter

BOSTON — McCormick & Co., Inc. is preparing for its next chapter — one that includes the recently acquired Unilever Foods and a refined growth agenda.

In a presentation at the Barclays Global Consumer Conference in Boston on Sept. 9, Brendan Foley, president and chief executive officer of the Hunt Valley, Md.-based company, highlighted five key priorities behind McCormick’s strategy to deliver growth synergies.

First, the company intends to win where it leads by strengthening commercial execution and accelerating growth in key countries, including Brazil, France, Germany, Mexico, the United Kingdom and the United States, Foley said.

“We’ve assessed the key markets, the key categories and brands with the greatest opportunity and this is important for near-term revenue growth,” he said.

Advertisement

A second priority for McCormick is to bring the company’s brands to more homes globally by using the combined footprint and routes to market of McCormick and Unilever Foods to expand high-growth potential brands such as Maille and Cholula.

“There is significant white space for these brands, and we intend to pursue it,” Foley said.

He said a third priority will be pairing the flavor expertise, consumer insights, R&D and digital capabilities of McCormick and Unilever Foods with a goal of driving scalable innovation across the portfolio.

AdobeStock_1034781456_Editorial_Use_Only.jpg

McCormick hopes to bring the company’s brands to more homes globally by using the combined footprint and routes to market of McCormick and Unilever Foods.

Advertisement

| Photo: ©JAMMER GENE – STOCK.ADOBE.COM

Fourth, the company will seek to capture the global foodservice opportunity presented through the combination of McCormick and Unilever Foods’ complementary capabilities and networks. Foley said foodservice represents one of the biggest opportunities within the acquisition of Unilever, calling the geographic unlock “significant.”

“Unilever Food Solutions is already established in 75 countries where McCormick has limited or no foodservice presence in 51 of them,” he explained. “That gives us an immediate path to bring McCormick’s flavor capabilities into attractive new markets.”

The fifth and final priority for McCormick moving forward is to “strengthen our flavor capabilities and customer co-innovation to become an even stronger partner to leading and emerging food brands,” Foley said.

Foley said the combined capabilities will help McCormick capture the trends that support long-term growth. The opportunity is expected to develop in phases, he said.

Advertisement

“Year 1 will focus on strengthening, integrating and prioritizing the highest value opportunities,” he said. “Year 2, on scaling early wins and accelerating innovation. And Year 3, on delivering sustainably higher growth from a stronger combined platform and then continuing to build on this improved growth.” 

Continue Reading

Business

Why Beijing’s territorial claims are turning into a boardroom concern for Thai businesses

Published

on

China's Cautious Stance on the Iran War Reflects Beijing's Fragile Role as a Watchful Observer
  • China’s territorial disputes in the South China Sea, over Taiwan, and along the India-China border are increasingly relevant to business planning, not just diplomacy. Shipping costs, insurance premiums, and supply chain routing are all affected, creating indirect exposure for firms operating in Thailand’s trade and export sector.
  • Thailand holds no direct territorial claim against China, giving Bangkok flexibility to balance ties with both Beijing and Washington. However, Thai businesses reliant on South China Sea transit, Taiwanese semiconductors, or regional supply chains carry inherited risk from disputes they are not party to, making geopolitical monitoring a practical financial concern.

For decades, Chinese territorial claims in the South China Sea, over Taiwan, and along the disputed India-China frontier were treated by most Southeast Asian executives as a distant security matter, relevant to diplomats and defence ministries but not to quarterly planning.

That assumption is eroding. As shipping routes tighten, insurance premiums shift, and supply chains reroute around flashpoints, what was once background geopolitics is now showing up directly in cost structures for firms trading through the region, including many with operations tied to Thailand’s trade and export sector.

The claims reshaping regional risk maps

China’s most consequential claim for Southeast Asian business is the so-called nine-dash line, which asserts sweeping jurisdiction over most of the South China Sea, overlapping with waters claimed by the Philippines, Vietnam, Malaysia, and Brunei. A 2016 international arbitration ruling rejected the legal basis for this claim, but Beijing has not recognised the decision, and Chinese coast guard and maritime militia activity in contested waters has continued. For Thailand, which does not have a direct claim in these waters, the practical exposure is indirect: roughly a third of global maritime trade transits the South China Sea, and any disruption there raises freight costs and delivery risk for Thai exporters and importers alike, a concern increasingly reflected in coverage of trade between Thailand and its major partners.

Taiwan represents a different order of risk. Beijing considers Taiwan a breakaway province and has not ruled out the use of force to achieve unification. Taiwan is also the world’s dominant producer of advanced semiconductors, meaning any serious escalation would hit the same chip supply chains that Thailand has been positioning itself to benefit from as data-centre and electronics investment shifts toward the kingdom. A disruption to Taiwanese fabrication capacity would ripple through every economy, including Thailand, that is betting on Asia’s tech and AI-driven growth as a growth pillar.

A third front, less visible to Southeast Asian firms but strategically linked, is the disputed Line of Actual Control between China and India, where a 2020 clash in the Galwan Valley marked the most serious military confrontation between the two countries in decades. This dispute shapes New Delhi’s broader posture toward Beijing, including its participation in groupings like the Quad, which in turn affects the wider balance of power that Thai policymakers must navigate.

Advertisement

How Thailand’s posture differs from claimant states

Unlike the Philippines or Vietnam, Thailand has no live territorial dispute with China. This gives Bangkok more room to pursue what officials and analysts describe as a strategic tightrope between Beijing and Washington: maintaining deep economic ties with Beijing, including significant Chinese investment in Thai manufacturing and infrastructure, while preserving security and trade relationships with the United States, Japan, and other partners. This is a materially different calculation from claimant states, which must weigh direct sovereignty costs against economic dependency in a way Thailand does not.

That flexibility is an asset, but it is not unlimited. Thai firms with regional supply chains, particularly those routing goods through Vietnamese or Philippine ports, or relying on Taiwanese components, inherit exposure to disputes Thailand itself is not party to. Executives increasingly ask not whether Thailand has a dispute with China, but whether their supply chain does.

What this means for planning, not just policy

For businesses operating in or through Thailand, three practical implications follow. First, shipping and insurance costs tied to South China Sea transit should be treated as a variable input rather than a fixed assumption, particularly for firms with just-in-time logistics models. Second, semiconductor and electronics-dependent businesses should stress-test supplier concentration in Taiwan against a range of scenarios, not just worst-case conflict but also softer disruptions like export controls or shipping insurance spikes. Third, firms benefiting from Chinese investment inflows into Thai manufacturing should track how Bangkok’s multi-alignment balancing act evolves, since shifts in that posture, whether toward Washington or Beijing, tend to precede changes in the regulatory and investment environment.

None of this requires Thai businesses to take a position on the underlying territorial questions, which remain contested between the claimant governments themselves. But treating these disputes as purely diplomatic matters, rather than as inputs into cost and risk planning, is increasingly a blind spot rather than a neutral stance.

Advertisement
Continue Reading

Trending

Copyright © 2025