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Sep 11

Hong Kong Ambassadors Club hosts 1st anniversary forum

The Hong Kong Ambassadors Club (HKAC) marked its first anniversary with a high-profile event on Tuesday, September 10, 2024, at the Four...

South Korea’s finance minister proposes scrapping investment income tax

Sep 11

REGULATION

South Korea’s finance minister proposes scrapping investment income tax

South Korea’s Finance Minister Choi Sang-mok announced plans to review and potentially scrap the forthcoming financial investment income...

ADB president Masatsugu Asakawa announces resignation

Sep 11

PEOPLE MOVES

ADB president Masatsugu Asakawa announces resignation

Masatsugu Asakawa, President of the Asian Development Bank (ADB), has declared his resignation effective February 23, 2025. Following...

Majority of Hongkongers Embrace AI for Wealth Management

Sep 11

ASSET MANAGEMENT

Majority of Hongkongers Embrace AI for Wealth Management

According to a survey by business consultancy Capco, most affluent Hongkongers are embracing artificial intelligence (AI) for wealth...

Sep 10

FAMILY OFFICES

McKinsey report highlights investment opportunities in APAC family offices

Banks and insurers in Singapore and Hong Kong are poised to capitalise on the burgeoning family office sector, which manages...

Sep 10

FAMILY OFFICES

Hong Kong to boost philanthropy among wealthy family offices

Hong Kong Chief Executive John Lee Ka-chiu announced plans to transform Hong Kong into a major philanthropic hub. Speaking at the Hong...

Belt and Road Summit 2024 to highlight sustainable growth and cooperation

Sep 10

ECONOMY

Belt and Road Summit 2024 to highlight sustainable growth and cooperation

The 2024 Belt and Road Summit , organised by the Hong Kong Trade Development Council (HKTDC), convened senior government officials and...

Singapore business confidence hits two-year high in Q4

Sep 10

ECONOMY

Singapore business confidence hits two-year high in Q4

Business confidence in Singapore has risen for the fifth consecutive quarter, reaching a two-year peak in Q4 of 2024, according to the...

Philippine CEOs optimistic about revenue growth despite global uncertainties

Sep 9

ECONOMY

Philippine CEOs optimistic about revenue growth despite global uncertainties

A recent survey conducted by PwC Philippines in partnership with the Management Association of the Philippines (MAP) reveals strong...

South Korea’s NPS opens new office in Silicon Valley

Sep 9

OTHER NEWS

South Korea’s NPS opens new office in Silicon Valley

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, inaugurated its new office in Silicon Valley,...

Hong Kong’s new security law poses legal challenges for US firms

Sep 9

REGULATION

Hong Kong’s new security law poses legal challenges for US firms

The Biden administration issued a warning that US businesses operating in Hong Kong are increasingly at risk due to the implementation of...

ETFGI summit to highlight ETF trends in Asia Pacific

Sep 9

ASSET MANAGEMENT

ETFGI summit to highlight ETF trends in Asia Pacific

The 5th Annual ETFGI Global ETFs Insights Summit - Asia Pacific was held on September 11, 2024, at Centricity - Concentric in Hong Kong,...

Sep 6

FAMILY OFFICES

Deloitte: Family offices to dominate with USD9.5tr by 2030

Family offices globally are experiencing substantial growth, with total wealth projected to surge from USD5.5tr to USD9.5tr by 2030, a...

Bursa Malaysia moves to attract more foreign investors with more liquidity

Sep 6

REGULATION

Bursa Malaysia moves to attract more foreign investors with more liquidity

Malaysia’s stock exchange is taking steps to reduce the dominance of large domestic investors to boost trading and attract foreign...

Chinese fund managers asks execs to return excess earnings

Sep 6

PEOPLE MOVES

Chinese fund managers asks execs to return excess earnings

China Merchants Fund Management (China Merchants FM), under directives aligned with China’s “common prosperity” campaign, has mandated...

Taiwan FTC reviews Taishin, CTBC bids for Shin Kong Financial

Sep 6

PRIVATE EQUITY

Taiwan FTC reviews Taishin, CTBC bids for Shin Kong Financial

Taiwan’s Fair Trade Commission (FTC) is reviewing competing bids by Taishin Financial Holding Co and CTBC Financial Holding Co for Shin...

Sep 5

ASSET MANAGEMENT

Macquarie Asset Management, PSP Investments sell majority stake in AirTrunk

Macquarie Asset Management (MAM) and The Public Sector Pension Investment Board (PSP Investments) have sold their combined 88% interest...

Philippines expands financial inclusion with new Islamic banking unit

Sep 5

ASSET MANAGEMENT

Philippines expands financial inclusion with new Islamic banking unit

The Philippines has enhanced its financial inclusion landscape with the addition of a second Islamic banking unit (IBU), operated by...

Sep 5

REGULATION

Vietnam proposes major cuts in business regulations for 2025

The Ministry of Industry and Trade in Vietnam has proposed to cut or simplify 69 business conditions and administrative procedures for...

DBS to triple assets under management in Thailand in two years

Sep 5

ASSET MANAGEMENT

DBS to triple assets under management in Thailand in two years

DBS Singapore is set to expand its wealth management division in Thailand, aiming to triple its assets under management (AUM) to THB300bn...

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