Managers of Wealth Asia Pacific

APAC Monthly Private Wealth Legal Developments – May 2020

The jurisdictions covered in the update are Hong Kong, Singapore, China, Taiwan, Japan, India, Malaysia, Indonesia, Thailand and the Philippines.

After a Banner Year, an Uncertain Road Ahead for Asset Managers

Amid the COVID-19 Crisis, Changes in Product Innovation, Growth Strategies, and Cost Structure Will Be Critical to Bolstering Asset Flows and Profitability, Says New Report by Boston Consulting Group

Analysis: Sovereign wealth funds to the rescue

The principle of a national prudential fund is all well and good so long as the use of it is equally prudential.

Amy Davies and James Edmonds: Should the burden of pensions move to the employee?

Perhaps, but a quick glance beyond the headline figures shows that the answer is not clear cut.

Indonesian plans $8.6bn virus bailout for state firms

Bahana’s subsidiaries are tasked to provide credit guarantees for micro, small and medium companies.

Coronavirus Pressures Japanese Banks' Operating Environment

Sustainability of earnings and business models remain key areas facing structural challenges.

This Challenged World by Gary Dugan

The huge rise in government spending sets a major challenge for governments when they turn into each new year.

How to create a 'mini UBS', Grounds style

The new also isn't hard to locate.

Indonesia again moves to raise healthcare premiums after first attempt fails

The premium for third-class service will be raised to 42,000 rupiah from 25,000 rupiah, but a 7,000 rupiah government subsidy will reduce the payment to 35,000 rupiah.

Investment power shifting east to Gulf and Asia

Cash is king in a recession and sovereign wealth funds have deep pockets

UBS: Supply chain sees no mad rush out of China, but uncertainties remain

Although 173 out of the 215 manufacturing exporters already have production sites located outside the Chinese mainland, 63 percent of their capital expenditure remains on the mainland.

Japan slips into recession with worse yet to come

Existing stimulus measures already total more than 20% of GDP.

Asset managers failing on human rights abuse, study finds

“Savers in particular will no doubt be shocked to find how little the industry has done to build in safeguards that could prevent their money from being used to fund weapons manufacturers and governments involved in human rights abuses.

Thailand starts search for new central bank chief this month, report says

The committee will draft the selection criteria and application process.

Caroline Baker comments on foreign investment into South-East Asia in Financial Times

Caroline pointed out that pragmatic regulation, especially on fund management and venture capital, has contributed to Singapore’s growth as a key investment hub across the south-east Asia region.

UBS: First China, Then the World?

Once built, the digital bank will widen the 30,000 clients UBS currently banks to as many as 200,000 within two years.

Nothing shows you up like a crisis

Under the leadership of Christine Lagarde, the European Central Bank has been much bolder and has moved much faster than we have seen in prior crises,” said Michael Power of Ninety One

Thailand's new Super Savings Fund gets lacklustre start, report says

According to a fund manager from one of those companies, demand is likely to improve in the two remaining months before the tax benefit ends.

Japan Banks Set to Face Highest Bad-Loan Costs Since Crisis

MUFG and Mizuho have already published preliminary earnings in recent weeks

Hedge Funds, Go Home — Japan Is Closing the Door

Tokyo is playing the national security card against activist foreign investors. They shouldn’t come back.

Comment, Analysis & Research