Managers of Wealth Asia Pacific

Myanmar set to open first stock exchange by October

Myanmar's deputy finance minister has said the country will launch its first official stock exchange by October

Malaysia's $20 billion bank merger headed for collapse

Malaysia's proposed $20 billion merger to create the nation's biggest bank is likely to be scrapped after CIMB Holdings and RHB Capital failed to agree on new deal terms

Kaisa Group Defaults on Offshore Debt

Chinese Firms Seek Asset Freeze From Shenzhen Court

Malaysian Banks Call Off Merger

Deal Is Pulled as Conditions Deteriorate

Saudi Arabia, Tajikistan To Join Beijing-Backed Development Bank

The entry brings the total number of founder nations intending to join the $50-billion bank to 26

More foreign banks want to enter PHL

Foreign banks are starting to line up with a view to setting up shop in the Philippines after the entry and scope of operations of more banks have been liberalized,

Hong Kong billionaire relocating firms to Cayman

One of the world’s richest men and most generous philanthropists, Li Ka-shing, regularly part of the Fortune 500 list of billionaires and Hong Kong’s wealthiest businessman, is shifting his business empire to the Cayman Islands.

Super, wealth funds plead to OECD for tax rule exemption

AUSTRALIA’s and New Zealand’s largest superannuation funds and sovereign wealth funds, including the $70 billion Queensland Investment Corporation and $26bn New Zealand Superannuation Fund

RBS likely to scale down its presence in India, to focus on growth in UK

The British bank, in which the state holds an 81% stake following a £45-billion bailout in 2008 to remain afloat following the global financial crisis

LIC says not exiting LIC Nomura Mutual Fund

The company said there have been media reports that said LIC of India is likely to exit LIC Nomura Mutual Fund Asset Management Company

Why so long for 1MDB to repatriate Caymans cash?

Maybank, RHB Bank and other lenders are suckers. 1Malaysia Development Berhad has the money to pay the RM2 billion loan but they are playing delaying tactics in order to earn more interests from the money parked in Cayman Islands.

China's Middle Kingdom dream offers opportunities for the taking

Andrew Leung says, when completed, new East-West links will truly place China at the global centre

Private life insurers rejected one out of five claims in FY 14

Private insurers Shriram Life, IndiaFirst Life Insurance and Canara HSBC OBC rejected nearly one in five claims during 2013-14 while state-run Life Insurance Corporation improved its claims settlement ratio to 98.14% during the fiscal

Singapore’s GIC deepens India real estate exposure

Singapore’s sovereign wealth fund, GIC Private Limited, has extended its recent investments into India’s real estate market via a partnership with private equity firm Kohlberg Kravis Roberts & Co

Standard Life aims for pole position as China builds a pensions market

China will take its first steps early in 2015 towards opening up a pensions market, as its regulators consult western insurers on tax incentives for long-term saving.

BDO ties up with UAE bank for money transfer business

This benefits recipients of remittances from Overseas Filipino Workers stationed in various parts of the United Arab Emirates, including Dubai and Abu Dhabi.

FATCA leads MFs to avoid fresh investments from US investors

Non-compliance with FATCA entails 30% withholding tax on the US source payments

India’s Sage Capital targets $1b fund in GCC, Africa

India based Private equity firm, Sage Capital said it is currently working with reputed institutional investors from across the world to launch a $1 billion fund

Why foreign fund houses are exiting India

Slowdown in developed world, higher capital requirement and lack of profitability seen as triggers

JPMorgan Singapore unit receives Chinese market boost with renminbi investor licence

The licence will help JPMorgan Asset Management (Singapore) meet the growing demand of investors for Chinese bonds, stocks and money-market instruments

Alternative Investments