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72-504: The BMB Group serves as a link for high-end investments between East Asia and the Middle East . The company and its affiliates have invested upwards of US$ 12 billion around the world in the areas of private equity , real estate , natural resources , wealth management , hospitality and philanthropy . BMB has representative offices in London and Monaco in addition to its headquarters in

144-504: A sukuk fund. Additionally, it sent a paper outlining its strategy for breaking into the Islamic sector to Commercial Bank of Dubai . BMB Islamic has expanded its assistance beyond non-Western establishments. A recent project it has been working on is an emerging fund from UK's F&C Asset Management for investments that adhere to Shariah and are advertised as generally socially good in order to appeal to non-Muslims. In 2015 BMB invested in

216-427: A $ 2 billion commitment to create and run business ventures that have the potential to significantly impact and change the lives of Forbes 500 families. Prince Abdul Ali stated that, "We hope that some of BMB's activities may generate investment opportunities for Scepter as a co-investor in the future." When significant obligations might be necessary, Scepter aims to have a positive working relationship with BMB." Withanage

288-664: A 50% interest in EMP Global which was a pioneer in emerging markets private equity. EMP was founded in 1992 by Former Prime Minister of Pakistan , Moeen Qureshi and former treasurer of the World Bank , Donald Roth. The partnership raised over USD7 Billion for private equity funds focused on Asia, South America, Middle East and emerging Europe. As part of the agreement, Qureshi would take on the role of vice chairman at BMB Group. The EMP purchase has increased BMB's workforce from around 30 to roughly 100 employees. It will soon be disclosed that

360-553: A European one. Its hegemony was the heart of an empire that would include Taiwan and Korea . During World War II, Japanese expansionism with its imperialist aspirations through the Greater East Asia Co-Prosperity Sphere would incorporate Korea, Taiwan, much of eastern China and Manchuria, Hong Kong, and Southeast Asia under its control establishing itself as a maritime colonial power in East Asia. After

432-501: A century of exploitation by the European and Japanese colonialists, post-colonial East Asia saw the defeat and occupation of Japan by the victorious Allies as well as the division of China and Korea during the Cold War . The Korean peninsula became independent but then it was divided into two rival states , while Taiwan became the main territory of de facto state Republic of China after

504-450: A common writing system reflected in the histories of Japan and Korea . The Imperial Chinese tributary system was the bedrock of network of trade and foreign relations between China and its East Asian tributaries, which helped to shape much of East Asian affairs during the ancient and medieval eras. Through the tributary system, the various dynasties of Imperial China facilitated frequent economic and cultural exchange that influenced

576-536: A family office while generating significant money and influence for its patrons. In order to take on the role of CEO of Philantech, which is now creating revolutionary venture philanthropy and sustainable development firms, Rayo Withanage officially left Scepter Partners and the BMB Group in 2018. As of 13 April 2023, Rizmi Niyas is the CEO of BMB and Rahul Withanage is the CEO of Scepter. In December 2008 BMB invested to acquire

648-510: A former US ambassador to Qatar; and Sir John Bond , the former chairman and chief executive of the HSBC Group . In an investigative report, Euromoney described BMB as "one of the world’s most exclusive financial institutions. The group calls to mind an era when courts of Asian empires were the global centers of money, technology, culture and power. Its growing number of investors are drawn from eastern ruling families with vast riches gleaned from

720-579: A global Zakat fund to manage Islamic philanthropic money. BMB is constantly cautious to provide choices for both Islamic and non- Sharia -compliant investors because of its stakeholders and clientele. After all, Islam was developed in the Middle East, and while Bruneian royal family practices Islam, other BMB consumers do not. BMB Islamic, another branch of Withanage's organisation, was established in order to organise Islamic items and counsel establishments on how to use them or convert to Sharia compliance. As

792-506: A group of well-known former government leaders from all across the world will serve as advisors. This was scheduled to take place in October 2009 in Brunei. Withanage was still committed to the notion of working with a select number of partners that their clients are familiar with and can rely on. He claims that because there was no punishment for bankers to line their own pockets, large businesses with

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864-491: A measurable increase in the frequency and severity of heatwaves . The region is also expected to see the intensification of its monsoon, leading to more flooding. China has notably embarked on the sponge cities program, where cities are designed to increase the area of urban green spaces and permeable pavings in order to help deal with flash floods caused by greater precipitation extremes. Under high-warming scenarios, "critical health thresholds" for heat stress during

936-608: A shared written language, a shared culture, and a shared Confucian societal value system (involving shared Confucian philosophical tenets) once instituted by Imperial China. Other usages define China, Hong Kong, Macau, Japan, North Korea, South Korea and Taiwan as countries that constitute East Asia based on their geographic proximity as well as historical and modern cultural and economic ties, particularly with Japan and Korea in having retained strong cultural influences that originated from China. Some scholars include Vietnam as part of East Asia as it has been considered part of

1008-561: A steady influx and outflow of bankers run the risk of becoming immoral and taking excessive risks with their clients' money. BMB acquired Deutsche Bank 's subsidiary business in Islamic finance which advised on over $ 20 Billion in transactions.BMB Islamic was an early pioneer in Islamic finance. BMB advised the Malaysian Prime Minister , Abdullah Ahmad Badawi and the OIC on the setup of

1080-459: Is sometimes grouped with Central Asian countries such as Turkmenistan, Kyrgyzstan, and Kazakhstan. Xinjiang and Tibet are sometimes seen as part of Central Asia (see also Greater Central Asia ). Broader and looser definitions by international agencies and organisations such as the World Bank refer to East Asia as the "three major Northeast Asian economies, i.e. mainland China , Japan, and South Korea ", as well as Mongolia, North Korea ,

1152-485: Is very sparsely distributed, with Mongolia having the lowest population density of a sovereign state . The overall population density of the region is 133 inhabitants per square kilometre (340/sq mi), about three times the world average of 45/km (120/sq mi). China was the first region settled in East Asia and was undoubtedly the core of East Asian civilization from where other parts of East Asia were formed. The various other regions in East Asia were selective in

1224-695: The Cayman Islands , and its general partner is BMB Capital Management, which is also registered there. The parent business said that all of the fund's current operations are being managed outside of Brunei. The parent company's representative informed the Bulletin that BMB is only registered as "BMB," despite the Middle East News Agency identifying BMB as Brunei Merchant Bank. As of June 2009, BMB has refocused its operations to offer financing and specialised advice to Forbes 500 families alone. These include

1296-551: The Nara period , Japan began to aggressively import Chinese culture and styles of government which included Confucian protocol that served as a foundation for Japanese culture as well as political and social philosophy. The Japanese also created laws adopted from the Chinese legal system that was used to govern in addition to the kimono , which was inspired from Chinese hanfu during the eighth century. For many centuries, most notably from

1368-962: The Olympic Council of Asia (OCA), as well as the Pacific island of Guam , which is a member of the Oceania National Olympic Committees . It is one of five Regional Games of the OCA. The others are the Central Asian Games , the Southeast Asian Games (SEA Games), the South Asian Games and the West Asian Games . [REDACTED] Seoul List of current monarchs of the Arabian Peninsula This

1440-601: The Russian Far East , and Siberia . The Council on Foreign Relations includes the Russia Far East, Mongolia, and Nepal . The World Bank also acknowledges the roles of Chinese special administrative regions Hong Kong and Macau , as well as Taiwan , a country with limited recognition. The Economic Research Institute for Northeast Asia defines the region as "China, Japan, the Koreas , Nepal, Mongolia, and eastern regions of

1512-540: The Russian Federation ". The UNSD definition of East Asia is based on statistical convenience, but others commonly use the same definition of Mainland China, Hong Kong, Macau, Mongolia, North Korea, South Korea, Taiwan, and Japan. Certain Japanese islands are associated with Oceania due to non-continental geology, distance from mainland Asia or biogeographical similarities with Micronesia . Some groups, such as

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1584-588: The World Health Organization , categorize China, Japan and Korea with Australia and the rest of Oceania. The World Health Organization label this region the "Western Pacific", with East Asia not being used in their concept of major world regions. Their definition of this region further includes Mongolia and the adjacent area of Cambodia , as well as the countries of the South East Asia Archipelago (excluding East Timor and Indonesia ). In

1656-613: The corporate tax haven of Bermuda . Based in Brunei , Rayo Withanage like to compare BMB to an unlimited partnership private bank in the Swiss model. Put differently, while investing customers' money, senior management and stakeholders at BMB frequently endanger their own cash. According to Withanage, the opposite of BMB's strategy would be to concentrate on generating short-term profits by multiplying transactions through millions of clients and thousands of staff. It offers specialised guidance in

1728-601: The economic rise of Hong Kong , South Korea , and Taiwan , in addition to the respective handovers of Hong Kong and Macau near the end of the twentieth century. The onset of the 21st-century in East Asia led to the integration of Mainland China into the global economy through its entry in the World Trade Organization while also enhancing its emerging international status as a potential world power reinforced with its aim of restoring its historical established significance and enduring international prominence in

1800-649: The frontier regions ), 16 native to the island of Taiwan (collectively known as Taiwanese indigenous peoples ), one native to the major Japanese island of Hokkaido (the Ainu ) and four native to Mongolia ( Turkic peoples ). The Ryukyuan people are an unrecognized ethnic group indigenous to the Ryukyu Islands in southern Japan, which stretch from Kyushu to Taiwan. There are also several unrecognized indigenous ethnic groups in mainland China and Taiwan. East Asians comprise around 1.7 billion people, making up about 33% of

1872-769: The 1860s. Around the same time, the Meiji Restoration in Japan sparked rapid societal transformation from an isolated feudal state into East Asia's first industrialised nation. The modern and militarily powerful Japan would galvanise its position in the Orient as East Asia's greatest power with a global mission poised to advance to lead the entire world. By the early 1900s, the Empire of Japan succeeded in asserting itself as East Asia's most dominant geopolitical force. With its newly found international status, Japan would begin to challenge

1944-542: The 21st century will be at times breached, in areas like the North China Plain . China, Japan and the Republic of Korea are expected to see some of the largest economic losses caused by sea level rise. The city of Guangzhou is projected to experience the single largest annual economic losses from sea level rise in the world, potentially reaching US$ 254 million by 2050. Under the highest climate change scenario and in

2016-696: The 21st century. Baseball is one of the main sports in East Asia, having been introduced through mid-19th century American contact and further spread by the Japanese Empire. The game has gained millions of fans in China since the 2010s. Formerly the East Asian Games , it is a multi-sport event organized by the East Asian Games Association (EAGA) and held every four years since 2019 among athletes from East Asian countries and territories of

2088-490: The 7th to the 14th centuries, China stood as East Asia's most advanced civilization and foremost military and economic power, exerting its influence as the transmission of advanced Chinese cultural practices and ways of thinking greatly shaped the region up until the nineteenth century. As East Asia's connections with Europe and the Western world strengthened during the late nineteenth century, China's power began to decline. By

2160-614: The Australian oil and gas company Santos Limited . Scepter returned again in partnership with a consortium of investors led by Harbour Energy to offer $ 14.4 billion for Santos, but were unsuccessful. Scepter's directors include Prince Abdul Ali and Prince Bahar , two members of Bruneian royal family. The other directors are Juma bin Dalmook Al Maktoum , a well-known billionaire from the United Arab Emirates ; Patrick N. Theros ,

2232-933: The Chinese influences they adopted into their local customs. Historian Ping-ti Ho referred to China as the cradle of Eastern civilization, in parallel with the cradle of Middle Eastern civilization along the Fertile Crescent encompassing Mesopotamia and Ancient Egypt as well as the cradle of Western civilization encompassing Ancient Greece . Chinese civilization emerged early, and prefigured other East Asian civilisations. Throughout history, imperial China would exert cultural, economic, technological, and political influence on its neighbours. Succeeding Chinese dynasties exerted enormous influence across East Asia culturally, economically, politically and militarily for over two millennia. The tributary system of China shaped much of East Asia's history for over two millennia due to Imperial China's economic and cultural influence over

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2304-600: The European colonial powers and inextricably took on a more active role within the East Asian geopolitical order and world affairs at large. Flexing its nascent political and military might, Japan soundly defeated the stagnant Qing dynasty during the First Sino-Japanese War as well as defeating Russia in the Russo-Japanese War in 1905; the first major military victory in the modern era of an East Asian power over

2376-607: The Han Chinese conquered the northern part of the Korean peninsula and established a province called Lelang . Chinese influences were transmitted and soon took root in Korea through the inclusion of the Chinese writing system, monetary system, rice culture, philosophical schools of thought, and Confucian political institutions. Jomon society in ancient Japan incorporated wet-rice cultivation and metallurgy through its contact with Korea. Starting in

2448-551: The Ministry has not granted any licenses in relation to funds associated with BMB Capital, according to a press release sent to the publication. The parent firm of BMB Capital Management provided clarification on the news reports about its Syariah funds through an authorised spokesman in a separate press release to the Borneo Bulletin. According to the spokesperson, BMB Capital is a limited liability partnership (LLP) incorporated in

2520-602: The Pacific Ocean and the Continental Asian landmass makes it strategically significant for facilitating international maritime trade and transportation. The contemporary economic, technological, political, and social integration of East Asia coupled with its rich history of diversity, division, and divergent development have all contributed to its enduring complexity, scientific and technological advancement, cultural richness, economic prosperity, and geopolitical significance on

2592-628: The Tang political system, Prince Naka no oe launched the Taika Reform in 645 AD where he radically transformed Japan's political bureaucracy into a more centralised bureaucratic empire. The Japanese also adopted Mahayana Buddhism, Chinese style architecture, and the imperial court's rituals and ceremonies, including the orchestral music and state dances had Tang influences. Written Chinese gained prestige and aspects of Tang culture such as poetry , calligraphy , and landscape painting became widespread. During

2664-663: The absence of adaptation, cumulative economic losses caused by sea level rise in Guangzhou would exceed US$ 1 trillion by 2100. Shanghai is also expected to experience annual losses of around 1% of the local GDP in the absence of adaptation. The Yangtze River basin is a sensitive and biodiverse ecosystem, yet around 20% of its species may be lost throughout the century under 2 °C (3.6 °F) and ~43% under 4.5 °C (8.1 °F). China, North Korea, South Korea and Taiwan are all unrecognised by at least one other East Asian state because of severe ongoing political tensions in

2736-525: The bounds of the Asia-Pacific, although the term Indo-Pacific is more commonly used for such a definition. Observers preferring a broader definition of "East Asia" often use the term Northeast Asia to refer to China, the Korean Peninsula, and Japan, with the region of Southeast Asia covering the ten ASEAN countries. This usage, which is seen in economic and diplomatic discussions, is at odds with

2808-488: The classics of Chinese literature and culture were seen as the foundations for a civilized life in East Asia. Imperial China served as a vehicle through which the adoption of Confucian ethical philosophy, Chinese calendar system, political and legal systems, architectural style, diet, terminology, institutions, religious beliefs, imperial examinations that emphasised a knowledge of Chinese classics, political philosophy and cultural value systems, as well as historically sharing

2880-425: The company's extensive and growing links at the top of eastern society. The group's capacity as the investment advisor for a fund formed by the OIC serves as a showcase. With a $ 3 billion fund, this program seeks to bring together affluent Islamic nations to aid underprivileged communities around the globe. Prince Abdul Ali and Withanage realised they could also invite supportive Middle Eastern royals to participate in

2952-551: The context of business and economics, "East Asia" is sometimes used to refer to the geographical area covering ten Southeast Asian countries in ASEAN , Greater China , Japan, and Korea. However, in this context, the term " Far East " is used by the Europeans to cover ASEAN countries and the countries in East Asia. On rare occasions, the term is also sometimes taken to include India and other South Asian countries that are not situated within

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3024-440: The creation of Scepter Partners, a standing syndicate of sovereign investors and ultra-high net worth families. Scepter was managed by veteran investment banker Anthony J. Steains and the former Blackstone Advisory Partners Asia team. The formation of Scepter’s merchant banking division created one of the most experienced merchant banking specialists focused on family offices and sovereign wealth. In 2015 Scepter bid $ 5.1 billion for

3096-433: The cultures of Japan and Korea and drew them into a Chinese international order. The Imperial Chinese tributary system shaped much of East Asia's foreign policy and trade for over two millennia due to Imperial China's economic and cultural dominance over the region, and thus played a huge role in the history of East Asia in particular. The relationship between China and its cultural influence on East Asia has been compared to

3168-417: The division's president, Mirzan Mahathir, the oldest son of former Malaysian prime minister Mahathir Mohamad , was in charge of BMB Islamic. The current form of BMB Islamic emerged in 2007 with the hiring of a group of specialists in Islamic finance who were in charge of several of Deutsche Bank's Islamic offerings. They departed from Dar Al Istithmar, a Deutsche Bank affiliate. As of June 2009, Humayon Dar ,

3240-564: The form of strategic consultancy services and company development, concentrating on emerging markets in the Middle East, Asia and Latin America . Withanage began work in 2004 while he was in his mid-20s. In fact, Pengiran Anak Abdul 'Ali Yil-Kabier (referred to as Prince Abdul Ali), a descendant of the Bruneian royal family , co-founded it and serves as its co-chair. "I played on a polo team with Prince Abdul Ali," Withanage recalls while discussing

3312-453: The fourth century AD and Japan by the seventh century AD, Japan and Korea actively began to incorporate Chinese influences such as Confucianism , the use of Chinese characters , architecture , state institutions, political philosophies , religion, urban planning, and various scientific and technological methods into their culture and society through direct contacts with Tang China and succeeding Chinese dynasties. Drawing inspiration from

3384-562: The fourth century AD, Japan adopted Chinese characters , which remain integral to the Japanese writing system . Utilizing the Chinese writing system allowed the Japanese to conduct their daily activities, maintain historical records and give form to various ideas, thoughts, and philosophies. During the Tang dynasty , China exerted its greatest influence on East Asia as various aspects of Chinese culture spread to Japan and Korea . The establishment of

3456-482: The greater Chinese cultural sphere . Though Confucianism continues to play an important role in Vietnamese culture, Chinese characters are no longer used in its written language and many scholarly organizations classify Vietnam as a Southeast Asian country. Mongolia is geographically north of Mainland China yet Confucianism and the Chinese writing system and culture had limited impact on Mongolian society. Thus, Mongolia

3528-526: The historical influence of Greco-Roman civilization on classical Western civilisation. Religion in East Asia (2020) *Japan switched the date to the Gregorian calendar after the Meiji Restoration. *Not always on that Gregorian date, sometimes April 4. East Asian popular culture, such as anime and manga from Japan and K-pop and K-dramas from South Korea, have become highly popular worldwide in

3600-591: The historical meanings of both "East Asia" and "Northeast Asia". The Council on Foreign Relations of the United States defines Northeast Asia as Japan and Korea. East Asia is home to many climatic zones. It also has unique weather patterns such as the East Asian rainy season and the East Asian Monsoon . Like the rest of the world, East Asia has been getting warmer due to climate change, and there had been

3672-721: The indigenous populations of northeastern China such as the Manchus . The major languages in East Asia include Mandarin Chinese , Japanese , and Korean . The major ethnic groups of East Asia include the Han in China and Taiwan, Yamato in Japan, and Koreans in North and South Korea. and Mongols in Mongolia. There are 76 officially-recognized minority or indigenous ethnic groups in East Asia; 55 native to mainland China (including Hui , Manchus, Chinese Mongols , Tibetans, Uyghurs , and Zhuang in

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3744-454: The initiative and raised money from a variety of Asian royals . A site for Islamic-focused investment, particularly between Asia and the Middle East, gained traction. A portion of Alliance Capital Group, a real estate company based in the Netherlands that oversees € 3 billion ($ 3.67 billion) in properties across Europe, was purchased by BMB on 23 June 2010. The amount of the share that BMB

3816-499: The largest unified population in East Asia, the most literate and urbanised as well as being the most economically developed, as well as the most technologically and culturally advanced civilization in the region at the time. Cultural and religious interaction between the Chinese and other regional East Asian dynasties and kingdoms occurred. China's impact and influence on Korea began with the Han dynasty's northeastern expansion in 108 BC when

3888-521: The latter lost Mainland China to the People's Republic of China in the Chinese Civil War . During the latter half of the twentieth century, the region would see the post war economic miracle of Japan , which ushered in three decades of unprecedented growth, only to experience an economic slowdown during the 1990s , but nonetheless Japan continues to remain a global economic power. East Asia would also see

3960-454: The long term growth demand for commodities." East Asia East Asia is a geographical and cultural region of Asia including China , Japan , Mongolia , North Korea , South Korea , and Taiwan . Additionally, Hong Kong and Macau are the two special administrative regions of China . The economies of China , Japan , South Korea , and Taiwan are among the world's largest and most prosperous. East Asia borders North Asia to

4032-652: The medieval Tang dynasty rekindled the impetus of Chinese expansionism across the geopolitical confines of East Asia. Similar to its Han predecessor, Tang China reasserted itself as the center of East Asian geopolitical influence during the early medieval period which spearheaded and marked another golden age in Chinese history . During the Tang dynasty, China exerted its greatest influence on East Asia as various aspects of Chinese culture spread to Japan and Korea. In addition, Tang China also managed to maintain control over northern Vietnam and northern Korea . As full-fledged medieval East Asian states were established, Korea by

4104-420: The mid-nineteenth century, the weakening Qing dynasty became fraught with political corruption, obstacles and stagnation that was incapable of rejuvenating itself as a world power in contrast to the industrializing Imperial European colonial powers and a rapidly modernizing Japan. The United States Commodore Matthew C. Perry would open Japan to Western influence , and the country would expand in earnest after

4176-455: The north, Southeast Asia to the south, South Asia to the southwest, and Central Asia to the west. To its east is the Pacific Ocean . East Asia has long been a crossroads of civilizations, as the region's prominence has facilitated the transmission of ideas, cultural exchanges, commercial trade, scientific and technological cooperation, and migration, as its position and proximity to both

4248-558: The origins of the BMB concept. It resulted in a small, newly established business that was exceptionally well-connected and youthful, much like its top management. Prince Abdul Ali continues to serve as co-chairman and helped. In an interview, Withanage said he never had a business relationship with Prince Jefri Bolkiah and that he still has a great respect and connection with the Bruneian royal family, even if he no longer represents them. The BMB Group

4320-571: The population in Continental Asia and 20% of the global population. The region is home to major world metropolises such as Beijing – Tianjin , Busan – Daegu – Ulsan – Changwon , Guangzhou , Hong Kong , Osaka – Kyoto – Kobe , Seoul , Shanghai , Shenzhen , Taipei , and Tokyo . Although the coastal and riparian areas of the region form one of the world's most populated places, the population in Mongolia and Western China , both landlocked areas,

4392-417: The present day include the Japanese , Korean , and Mongolian civilizations. Various other civilizations existed as independent polities in East Asia in the past but have since been absorbed into neighbouring civilizations in the present day, such as Tibet , Manchuria , and Ryukyu (Okinawa), among many others. Taiwan has a relatively young history in the region after the prehistoric era ; originally, it

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4464-515: The previous managing director of Dar Al Istithmar, ws the CEO of BMB Islamic. BMB Islamic's experience includes working with SHUAA Capital in Dubai to establish an equity fund that complies with Shariah. Additionally, it assisted Australia's Macquarie Bank and Abu Dhabi 's ADCB in establishing a Shariah-compliant exchange framework for an infrastructure fund, as well as National Bank of Dubai in creating

4536-508: The region, and thus played a huge role in the history of East Asia in particular. Imperial China's cultural preeminence not only led the country to become East Asia's first literate nation in the entire region, it also supplied Japan and Korea with Chinese loanwords and linguistic influences rooted in their writing systems. Under Emperor Wu of Han , the Han dynasty made China the regional powerhouse in East Asia, projecting much of its imperial influence onto its neighbours. Han China hosted

4608-416: The region, specifically the division of Korea and the political status of Taiwan . thousands (2023) [REDACTED] The culture of East Asia has been deeply influenced by China , as it was the civilization that had the most dominant influence in the region throughout the ages that ultimately laid the foundation for East Asian civilization. The vast knowledge and ingenuity of Chinese civilization and

4680-498: The root from which many other East Asian calendars are derived. Major religions in East Asia include Buddhism (mostly Mahayana ), Confucianism and Neo-Confucianism , Taoism , ancestral worship , and Chinese folk religion in Mainland China, Hong Kong , Macau and Taiwan , Shinto in Japan, and Christianity and Musok in Korea. Tengerism and Tibetan Buddhism are prevalent among Mongols and Tibetans while other religions such as Shamanism are widespread among

4752-414: The transfer of leadership of BMB to Rahula Withanage, who would lead Scepter Partners alongside Anthony J. Steains and his previous Blackstone Asia Advisory Partners team, from former Chairman and CEO Rayo Withanage. BMB Group's position as investment manager for a philanthropic fund established in the spring of 2009 by the 56 member states of the Organisation of Islamic Cooperation (OIC) demonstrates

4824-418: The world economy. As of at least 2022, the region is more peaceful, integrated, wealthy, and stable than any time in the previous 150 years. In common usage, the term "East Asia" typically refers to a region including Greater China , Japan , Korea and Mongolia . China , Japan , and Korea represent the three core countries and civilizations of traditional East Asia, as they once had

4896-513: The world stage. With the region having been home to various influential empires, kingdoms, and dynasties throughout history, each leaving its mark on the region and transforming the region's geopolitical landscape ranging from distinct dynastic kingdoms to colonial possessions to independent modern nation-states. East Asia, especially Chinese civilization , is regarded as one of the earliest cradles of civilization . Other ancient civilizations in East Asia that still exist as independent countries in

4968-481: Was a major site of Austronesian civilisation prior to colonisation by European colonial powers and China from the 17th century onward. For thousands of years, China was the leading civilization in the region, exerting influence on its neighbours. Historically, societies in East Asia have fallen within the Chinese sphere of influence , and East Asian vocabularies and scripts are often derived from Classical Chinese and Chinese script . The Chinese calendar serves as

5040-405: Was officially established in 2006 by members of governing families in Asia and the Gulf . On 29 June 2006, the Ministry of Finance (MoF) said that it had not granted any licenses for any fund associated with BMB Capital or any bank with that name. Referring to news articles that appeared in the Borneo Bulletin on Tuesday, 27 June 2006, and Wednesday, 28 June 2006, the MoF wishes to clarify that

5112-427: Was purchasing was not disclosed by the deal's executives, but the business claimed that $ 500 million was invested in Alliance Capital Group to establish the merged company, which would now be known as BMB Alliance. As an investor in BMB, Withanage will continue to play a significant role in the company's development even if it is no longer a member of the management team as of 2 October 2015. Scepter has given BMB Group

5184-420: Was succeeded as CEO of BMB by Rahula Withanage. In 2017, BMB ceased revealing the extent of its advisory engagements at the request of its investors. BMB does not take in any money from other sources and exclusively publishes accounts for its investors. The intention was to highlight companies that have been founded to deal with some of the most urgent issues the world is now experiencing. Scepter will carry on as

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