Managers of Wealth Asia Pacific

25 Chinese mutual fund houses seek to speed up application and issuance of equity funds

The announcement follows near-daily government policy moves over the past week

Singapore to remove distinction between international and domestic banking

The divide also made it easier to offer incentives to encourage offshore banking activities out of Singapore, Tharman said, but focusing incentives in the ACU.

Malaysian Leader Faces Risk of Criminal Charges Over Fund

It is one of the worst political crises for Najib, who has come under increasing criticism over his leadership.

Common reporting standards: Expanding the landscape of financial information reporting

The Philippine and US governments are expected to soon sign the Inter-Government Agreement which will provide guidance on how financial accounts of US persons should be reported to the US Internal Revenue Service to comply with the Foreign Account Tax Com

WSJ: 1MDB's RM2.6b found in 'PM's accounts'

In another sensational expose, The Wall Street Journal (WSJ) reported today that Malaysian investigators have traced nearly US$700 million of deposits into what they believe are personal bank accounts of Prime Minister Najib Abdul Razak.

Singapore tweaks proposed real estate investment trust market reforms

It also increased the limit on property development activities to 25 percent of a REIT's assets, from 10 percent, to allow more operational flexibility.

Slater & Gordon looks to EY to clean up the mess

Embattled law firm Slater & Gordon will dump long-time auditor Pitcher Partners in favour of big four outfit EY as it tries to stem a sharemarket rout prompted by revelations ASIC is probing its accounts.

Offshore law firm Acts For CIC Gold On London Stock Exchange IPO

Seychelles registered company floats on London’s main market

ENSafrica recognised for India-related work

ENSafrica has been named as a top international law firm for India-related work by the India Business Law Journal.

Government securities 'investment' may hit returns prospects for Ulip holders: Industry

Investors in unit-linked insurance plans may get lower returns and fewer choices if the insurance regulator's proposal on mandatory 25% investment in government bonds becomes a rule

Singapore to ease banks' local and offshore regulations

Banks in Singapore need to divide their local and offshore operations into domestic banking units and Asian Currency Units.

China IPO Funds Threatened as Regulators Mull Share Sale Ban

The IPO funds flag tensions in China’s financial system, where capped deposit rates are pushing savers into ever riskier products.

India Needs Improved Regulations for Private Equity: McKinsey

Private equity investors in India have seen their returns erode sharply since the global financial crisis and need regulatory changes

Banks free to test certain digital innovations without approval: MAS

FINANCIAL institutions are free to test out certain digital innovations without the approval of the regulator, but are responsible for some inevitable risks behind such services.

Appleby Advised ChongBang on its US$920m Capital Raise

The capital raised will be used to more than double Chongbang’s portfolio of lifestyle-based retail developments over the next few years.

Independent auditors for banks' outsourcing vendors

This overturns the current set-up, where financial institutions have their auditors show up to go through the controls of their third-party vendors.

China markets slump despite central bank rate cut

People’s Bank of China cuts rates to stem sell-off amid growing fears for health of Chinese economy

HDFC Bank breaches RBI limits on loans to Reliance Industries

The RBI allows banks to enhance this exposure by further 5 per cent of capital funds in exceptional circumstances

Three other MARA Aussie property buys suspect, Rafizi claims in latest expose

“One of the more important information is the structure of the holding companies or how the whole purchase was structured by MARA Inc.

Vietnam to Scrap 49% Limit on Foreign Ownership

Vietnam will remove the 49% cap on foreign ownership at some listed companies

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