Managers of Wealth Asia Pacific

Malaysian bank CIMB denies security breach after customers say accounts compromised

The statement came hours after Mr Vijandren Ramadass, the founder of tech portal Lowyat.net, made a posting about the alleged breach on Sunday.

Judy Lee is announced as one of “China’s elite top 50 lawyers (foreign firms)” by China Business Law Journal

The inclusion comes as a result of the publications annual survey which ranks 150 elite lawyers (100 of whom are from Chinese law firms and 50 of whom are from foreign law firms) involved in China business.

Japan's central bank to warn of rising growth risks, policy seen steady

BOJ expected to keep short-term rate target at -0.1%, 10-year yield target around 0%

China's plans to invest $20 billion in Egypt collapse

Egypt's economy is still dwindling after the 2011 uprising ushered in political and economic instability.

Bank of Baroda to shut three African branches by June

As on January 31, 2018, PSBs had about 165 overseas branches, besides subsidiaries, joint ventures and representative offices.

Hong Kong-based Vistra aims to be one of the global ‘big four’ in the corporate services industry

The industry is in a similar position as the accountancy and tax advisory business 30 years ago, before consolidation created a ‘big four’ of dominant global players

China central bank says to guide credit, social financing growth as economic challenges rise

The central bank reiterated that it will step up support for private and smaller companies, making it easier for these firms to access bank loans.

This PowerPoint presentation proves Huawei CFO Sabrina Meng Wanzhou is guilty, says US. Preposterous, says her lawyer

But the US says Skycom was actually an unofficial subsidiary, helping Huawei evade US and EU sanctions on Iran

New Zealand Proposes to Nearly Double Bank Capital Requirements

“Having shareholders able to absorb a greater share of losses if the company fails also provides stronger protection for depositors.”

Asian central bankers on the ropes

India's RBI is not alone as governments fight to curb hard-won bank independence

The Story of Malaysia’s 1MDB, the Scandal That Shook the World of Finance

The figures are mind-boggling: A Malaysian parliamentary committee identified at least $4.2 billion in irregular transactions related to 1MDB.

Malaysia files criminal charges against Goldman Sachs over 1MDB

According to the charge sheets filed in a Kuala Lumpur court obtained by theedgemarkets.com, the primary target is Goldman Sachs International (UK) which had arranged the sale of three bonds — two in 2012 and one in 2013.

China’s rich rush to shelter $1 trillion from new taxes

The reforms, which take effect Jan. 1, are meant to reduce the tax burden on lower-and middle-income people by making the rich pay more.

Asia faces tough contradictions in dealing with climate change

A major sticking point in negotiations was hammering out a new set of transparency standards.

$3b worth Pakistani named in UK insider trading case

The trader said that his Pakistani associate was trading “high multiples” alongside him.

China Confronts Its Eternal Dilemma

With pressure building for major stimulus, leaders must decide whether boosting growth or controlling debt is more important.

China's securities watchdog approves 3 new IPOs

The companies and their underwriters will confirm the IPO dates and publish their prospectuses following discussions with the stock exchanges.

Malaysia plans $4.8bn rescue of Islamic pilgrim fund

The fiscal gap is set to reach 3.7% of gross domestic product in 2018, the largest in five years.

Philippines to Introduce Basel III Countercyclical Capital Buffer

Part of the Basel III framework, the BSP had initially decided not to adopt the CCyB, which requires banks to maintain additional capital during periods of excessive credit growth

Police raid home of NAB chief Andrew Thorburn's former chief of staff

It is understood Mr Thorburn is not under investigation.

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