02/14/2012

Indians have $500 billion ‘stashed in tax havens’

He said getting information about such illegal transactions is a time taking process as investigators have to peel each layer by sending judicial requests to the country where such deposits have been made.

02/14/2012

Taiwan may allow yuan-based wealth management investment

An official of the Financial Supervisory Commission (FSC) said on Monday that it was looking into ways to allow Taiwanese to open accounts at Hong Kong or mainland branches of Taiwan banks without having to go to the branches in person.

02/04/2012

More Swiss banks may head for Singapore

The last five years have seen numerous Swiss banks and European banks set up operations in Singapore, due to a growing trend towards transparency in various jurisdictions, said Mr Edmund Leow, a principal at law firm Baker & McKenzie.Wong & Leow.

02/02/2012

Mainstream brands make a play for the super rich list

This core audience of cash-rich consumers has helped the luxury brands sector to weather the economic storm and now mainstream brands are looking at how they can take advantage of this seemingly recession-proof market.