Managers of Wealth Asia Pacific

M’sia ahead of Asian peers in enforcing anti-graft law against directors — ICDM

Section 17A covers a broad range of commercial organisations including public listed, privately-held and state-controlled corporations, said Lim.

COVID-19 stress testing super governance, consulting giant says

Despite estimates from Treasury and the Actuaries Institute placing the withdrawals at a total of around $27 billion and $25 billion respectively, Rice Warner has forecast the raids will reach up to $40 billion to $50 billion as unemployment rises.

SEC and business operators in capital market reaffirm service continuity amid COVID-19 situation

In reference to the Cabinet’s resolution at the meeting on 24 March 2020, approving the implementation of the Executive Decree on Public Administration in Emergency Situations to tackle the spread of the novel Coronavirus (Covid-19)

Hong Kong won't allow early MPF withdrawals to ease coronavirus woes

The MPFA spokesperson points out that the Hong Kong government introduced a package of measures in late February to address financial difficulties caused by the pandemic.

MAS Monetary Policy Statement - April 2020

The measured adjustment to the policy stance was assessed to be appropriate given muted inflationary pressures.

Noah Singapore granted Capital Markets Services licence

The firm states that it is actively expanding its global footprint and has established a strong presence with offices in Hong Kong, Jersey, New York, Silicon Valley, Vancouver, Melbourne, and now Singapore.

Australia pension industry will face scrutiny if withdrawals can't paid

As part of Australia's fiscal stimulus package worth 10% of its gross domestic product, the government this month announced measures allowing workers to take up to A$20,000 out of their superannuation savings over the next two years in response to th

People’s Bank of China’s RMB 10 Billion Six-month Bills Offering In Hong Kong SAR

PBOC’s continuous issuance of RMB Bills in Hong Kong SAR helps further cultivate the range of high credit rating RMB investment products and RMB liquidity management tools in Hong Kong SAR

Coronavirus: Stay Tuned – Hong Kong to resurrect Chapter 11–style corporate rescue bill

The major drawback is the lack of a statutory moratorium of legal claims against the company, and any creditor not contractually bound could petition to wind up the company and derail the restructuring efforts.

Noah Singapore gains capital markets services licence

Noah Holdings Singapore is a wholly owned subsidiary of Noah Holdings Limited, which is based in Shanghai, China.

Nomura's new CEO faces tough initiation juggling overhaul and virus

This latter piece will demand Okuda’s attention as he takes forward a sweeping overhaul of Nomura even with the outbreak creating fresh challenges.

Challenger shuffles life portfolio asset allocations

Challenger is also currently redeeming absolute return fund holdings, which is expected to complete by end of this month.

China Financial Technology and Regulations: Monthly Update – March 2020 Issue

The measures also clarify the responsibilities of trust companies, including during a change in equity, on equity-related affairs and also in managing shareholders’ behaviour.

Westpac still some way off settlement with AUSTRAC, court hears

The court ordered the regulator and Westpac to produce a partial statement of agreed facts and admissions, despite protests by AUSTRAC.

COVID-19: Audi, McDonald’s And Other Brands Redesign Logo To Promote ‘social Distancing’

Meanwhile, several corporate brands have come up with innovative ideas to promote the message of social distancing at the time of the public health crisis.

Singapore’s GDP contracts sharply on virus pandemic

Singapore is one of the first economies to report growth data since the virus outbreak began, and the dismal figures add to signs the world is heading for a deep, painful recession with more than three billion people now under lockdown.

Labuan IBFC's Financial Services Community Band Together to Contribute to the Relief Efforts in Combating COVID-19

The Labuan IBFC Community is deeply concerned about the growing scale of the COVID-19 pandemic and its social and economic impact, particularly on Labuan island.

Super scammers pose as authorities

One superannuation member the scammers would not have hoped to answer their unsolicited calls is Argurion Finance Group principal Chris Craggs.

FraudWatch International to Actively Target and Take-Down COVID-19 Online Scams

They use COVID-19 as the theme to lure victims into opening malicious attachments or visit fraudulent websites to disclose personal information or credit card details.

Former AMP adviser sentenced

In May 2019, Martin pled guilty to offences that saw him dishonestly obtain $208,000 in client funds.

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