Managers of Wealth Asia Pacific

Shariah risk rules seen lifting Indonesia banks

The rules are more specifically tailored for Islamic banks

CNH Tracker-Hong Kong banks cut yuan deposit rates as stock connect disappoints

Some Hong Kong banks have started to cut yuan deposit rates in the wake of the launch of a long-awaited "stock connect" scheme that attracted only muted interest and less-than-expected demand for the Chinese currency.

China blames politics for Indonesia development bank delay

China said on Thursday that "domestic reasons" had caused Indonesia to delay joining a new infrastructure bank seen as an attempt by Beijing to rival Western-backed international development banks.

RBI allows banks to lend against infra bonds

Individuals can now get loans up to Rs 10 lakh from banks against their investment in long-term infrastructure bonds issued by same lenders

Income-tax department raids Sahara offices

The Income Tax department has claimed to have seized Rs 135 crore in cash from the premises of Sahara group during its raids in Delhi and Noida in connection with alleged tax evasion charges.

BOJ Governor Defends Easing Measures

Even adding the bank was ready to take further action if needed to achieve 2% inflation by around next year.

Stricter capital rules may hamper Asian firms’ fund-raising

The capital that banks are required to hold against risky asset

Taiwan’s FSC could relax QDII constraints

An FSC official explained that the directive would help domestic managers to promote Taiwanese fund product

Appleby Advises ORIX Corporation on Japanese Acquisition

The Appleby team was led by Cayman’s Head of Insurance, Simon Raftopoulos

Shenzhen bourse tightens up asset securitisation rules

The directive is mainly targeted at subsidiaries of securities brokerages and fund houses

China's Han Kun enters Hong Kong market with local alliance

Beijing firm Han Kun Law Offices has launched a base in Hong Kong via an association with local firm Choy Cheung & Co.

BNY Mellon closes Japan fund

BNY Mellon is to close its BNY Mellon Japan Equity Value fund due to its small size.

Korean rich should pay more tax: ADB

An economist from the Asia Development Bank urged Korea to consider levying more taxes on the rich to create a more balanced wealth distribution.

Alleged Clive Palmer fraud ‘to hit $23m’ over Chinese funds

THE scale of the fraud alleged against Clive Palmer is tipped to almost double to about $23 million, the total amount of Chinese cash allegedly siphoned by Mr Palmer and his companies from a bank account set up to fund operations of a port for iron o

Is the Future Fund falling behind the divestment curve?

When questioned in Parliament on Thursday about why the Future Fund has not divested from fossil fuels, Chairman Peter Costello was quick to respond that the fund’s only mandate is to deliver investment returns.

International money transfer businesses launch class action against Westpac

The legal action, filed late on Friday after talks with the bank failed to resolve the issue, also included a temporary reprieve with an interim court order stopping Westpac from shutting down the trading accounts.

Mayer Brown promotes 21 to partner worldwide

Mayer Brown, a leading global law firm, announced the promotion of 21 of its lawyers worldwide to partner. The appointments take effect January 1, 2015.

Philippine Court asked to seize $2m assets of Arroyo aide

The Office of the Ombudsman has asked a special court to order the seizure of $2 million in alleged illegal assets amassed by a cabinet official and close political ally of former president Gloria Macapagal-Arroyo.

Hong Kong asks China for more RQFII quota

We hope to see a good figure

$121m sent offshore after Astarra custodians exit

ANZ removed itself as one of the gatekeepers of Trio Capital's fund in February 2009 and was replaced by National Australia Trustees Ltd

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