Managers of Wealth Asia Pacific

Global economy set to feel delayed trade war pain in 2019

And volumes are tipped to slow further even as the United States and China seek to resolve their trade spat, with companies warning of ongoing disruption.

Mukesh Ambani: Here’s how much Asia’s richest person added to his wealth in 2018

Mukesh Ambani, the multi-billionaire business magnate, became the richest person in Asia in calendar year 2018 surpassing Jack Ma, Chairman of Alibaba Group.

Crouching Tiger star Chow Yun-fat promises to donate £565m wealth to charity after he dies

The famously frugal actor reveals he will give away his fortune, reported to be HK$5.6bn (£565m), after he dies.

MYOB recommends KKR’s marked-down US$1bil buyout offer

MYOB said in a statement it would now recommend the offer, given a 10% drop in the Australian equity market since KKR first made a higher indicative bid in October, and the cost of a company restructure still underway.

Here are 4 epic ways to draw the curtains on 2018 in Singapore

The carnival will feature a brand new ride – the wave swinger. Marina Bay Carnival

‘Who is this stupid God?’ / Southeast Asian leaders’ most controversial quotes 2018

The Philippine president has been running a long-standing verbal battle with the country’s Catholic Church, a powerful institution in a nation where four in five people are Catholic.

Qatar partners Malaysia, Turkey to conquer Islamic finance market

Gas-rich Gulf state aims to escape blockade by diversifying economy

6 books to read in 2019 if you want to get rich

The majority of wealthy people devote at least 30 minutes a day to reading.

China’s private firms shy away from bank borrowing, delaying investment

Since November, top Chinese leaders have made a point of stressing Beijing’s support for private ownership and small businesses.

China to ensure economic stability with countercyclical adjustments

The People's Bank of China, the country's central bank, may lower the interest rates for open market operations, the CICC said.

Asia’s Worst Currency Isn’t Stopping Bond Bulls From Pouring In

“Foreign investors bought South Korean bonds this year looking at the nation’s high credit rating and current-account surplus,” said Kim Sanghoon, a fixed-income strategist at KB Securities Co. “These will not change in the new yea

The Big Read: Breaking Singapore’s workaholic culture

For Singapore workers to continue putting in the same long hours as their cohorts of yesteryear would mean less or even little time to care for their ageing parents, experts say.

Fund managers see value in Asia bonds for 2019 after bad year

"There are quality opportunities because everything has widened out, and we don't have to take as much risk," said Elisabeth Colleran, a portfolio manager on emerging market debt at Loomis, Sayles & Co. "The valuations and the fund

Malaysia seeks $7.5 billion in reparations from Goldman Sachs: FT

Goldman Sachs has consistently denied wrongdoing and said certain members of the former Malaysian government and 1MDB lied to the bank about the proceeds of the bond sales.

Global banks chase Asia techs transaction business, as trade war rumbles

The targets for the new initiative include e-commerce firms, mobile payment service providers and ride-hailing companies – from China’s Ant Financial and Grab in Southeast Asia to PayTM and Flipkart in India, said senior bankers and consultant

Hong Kong Takes Global IPO Crown, Looks to a Quieter 2019

Across Asia, companies raised a total of $109 billion in IPOs, up 27 percent from 2017, Refinitiv data showed, much of it driven by China whose companies accounted for almost a third of global issuers.

Top 10 Thailand Fintech Influencers

To keep up with Thailand’s rapidly evolving fintech industry and changing financial landscape, the following 10 individuals are the country’s most prominent fintech influencers to follow very closely

Asia's mega rich take a hit with US$137b in losses in 2018

“Difficult stock market conditions this year and the uncertainty of the trade tensions likely have been a challenge to many businesses,” said Philip Wyatt, a Hong Kong-based economist for UBS Group AG, who doesn’t see the downdraft conti

'You have destroyed billions': NAB cops record protest vote over pay

NAB paid its executive team bonuses, albeit reduced, in 2018 despite the bank experiencing a horror year, including being accused of potentially criminal misconduct during the banking royal commission.

Why Japan Is a Rare Holdout in Asia’s Cash-Free Future

That’s because in Japan physical money is a deeply felt part of life.

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