Managers of Wealth Asia Pacific

Asian investment company selects SimCorp Dimension as its new front-to-back investment management solution

Company announcement no. 13

Hong Kong: Update on the Processing of Virtual Banking Applications

Subsequently, the HKMA has informed these applicants that their applications will not be further processed.

Insider trading charges filed against Singapore-based IT contractor

Rajeshwar Gannamaneni was also alleged to have traded in an account that he controlled that was opened in the name of a family member, who was living in the U.S. at the time.

HSBC flagged Huawei's suspicious financial dealings

Chinese company allegedly skirted American sanctions on Iran

Picking the right jurisdiction to capitalise on Asia’s aviation finance boom

Leased aircraft imports are exempt from value added tax and withholding tax is paid by the Chinese lessee.

DFSA signs MoU with Bank Negara Malaysia

The MoU anticipates the presence of Malaysian institutions, including those offering Islamic Finance, in the Dubai International Financial Centre, and formalises arrangements for regulatory cooperation and establishes a framework for exchange of informati

Singapore central bank updates guidelines on initial coin offerings

Among other things, this means an offer must be accompanied by a prospectus prepared in accordance with the law and registered with MAS.

Legal directory recognition for Carey Olsen's Asia practices

The 2019 edition of the legal industry guide sees Carey Olsen ranked alongside other major offshore law firms in the offshore section of the rankings.

Falcon's Link to Goldman Sachs

One of the bankers, former southeast Asia head Tim Leissner, accuses Goldman of fostering a culture which glossed over doubts about the dealings in favor of juicy fees.

Brokers hit out at Hong Kong Stock Exchange trading proposals

New rules would automatically suspend shares of companies with adverse auditor comments

China's central bank backpedals on policy to cut debts

PBOC governor admits efforts to ease credit crunch 'lacked consideration'

Malaysia may issue more equity crowdfunding, P2P lending licences in 2019

The SC introduced a framework for ECF and P2P in 2015.

Emerging central banks notch up 7th straight month of rate hikes

The bank has now hiked rates by more than 4 percentage points since January.

FBR drags feet over action on untaxed offshore investment

The FBR received the first batch of data about locals’ offshore investments under an international exchange of information agreement in September, but the details about the foreign transactions are still lying unattended in the central databank of t

Ramkarpal: Have pension scheme for national, state athletes

He was responding to news reports that former national and Penang footballer Salahuddin Che Ros had money problems and had been forced to sleep on the streets during his trips to the National Heart Institute in Kuala Lumpur for treatment.

What you need to know about employee retirement payments in Thailand

The amendment to the Labour Protection Act does not stipulate all aspects of retirement

Malaysian court hits ‘Asian Great Gatsby’ Jho Low with fresh charges

The five new charges are related to his role in funnelling funds from the quasi-sovereign wealth fund 1MDB.

Hong Kong Magistrate Court acquits former Standard Chartered private banker Ryan Gwee of bribery charge

Magistrate says ICAC fails to prove that HK$150,000 was paid to Gwee in relation to the handling of former Singfor boss' accounts at the bank

Singapore banks offered $21M in funds to boost cybersecurity capabilities

Funded under the country's Financial Sector Technology and Innovation Scheme, the grant would facilitate the development of "advanced cybersecurity functions" such as cyber threat surveillance and intelligence gathering, computer forensics,

Troubled Japanese Firm to Abandon Indonesian Banking Unit

The Tokyo-based financial conglomerate, with interests in banking, finance and other fields in South Korea, Indonesia, Cambodia, Thailand, Mongolia and Japan, counts among its shareholders

Legal, Regulation & Compliance