Managers of Wealth Asia Pacific

Westpac chief believes in financial advice

The Westpac boss also warned of the effects of growing "red tape" which he said is restricting business investment.

MAS Helps Develop Blockchain-based Prototype for Multi-Currency Payments

This prototype network, developed by MAS in collaboration with J.P. Morgan and Temasek, has the potential to improve cost efficiencies for businesses.

Singapore Fintech Association and Indian Chamber of Commerce agree fintech pact

This agreement was signed at the opening ceremony of the first ever Singapore Pavilion at the Singapore FinTech Festival 2019

UBS Fined by Hong Kong for a Decade of Overcharging Clients

To hide the charges, UBS sometimes falsified account statements

India government pension scheme opens to overseas citizens

Official figures reveal over 31.8 million people, including NRIs, joined the tax advantaged scheme

Hong Kong, Southeast Asia fintech groups team up to promote cloud-based platform in Asia

The two groups will also support the fintech industry’s interactions with regulators and government bodies.

Linklaters advises the PRC government on its €4 billion bond offering

The successful issuance is testimony of China growth and the strong confidence of international investors in the sovereign credit of China

Citi, Deutsche get go-ahead to probe regulator witnesses in landmark cartel case

On Friday, a local court magistrate ruled that the defendants’ lawyers may cross-examine the ACCC staff on the subjects of how they obtained witness statements from the JP Morgan personnel and the staff’s level of cooperation with corporate re

Former Apogee, GPS Wealth advisers banned

Khaw, a former authorised representative of Apogee, was not adequately trained or competent to provide financial services and was found to have backdated file notes, ASIC said.

Islamic banking rules to be OK’d this month

The draft rules have been presented to the banking industry for feedback and the final version will be approved by the policy-making Monetary Board before they are released this year, Ms. Ala said.

MAS, Bank Indonesia extend US$10b bilateral financial agreement

The arrangement was established in November 2018 to enable the two central banks to access foreign currency liquidity from each other, if needed, to preserve monetary and financial stability.

Hong Kong sets out new regulatory framework for virtual asset trading platforms

The position paper emphasises that the SFC will only grant licences to platform operators which are capable of meeting robust regulatory standards.

ASIC zeroes in on SMSF auditors

New South Wales auditor Richard Hennessy is now required to have his audits reviewed by another SMSF auditor.

Joko Widodo urges bankers to help stimulate economy

Mr Joko echoed Cabinet members in his administration, saying the country should be grateful for above 5 per cent growth rate when other economies are seeing much slower growth or even contraction.

China, Hong Kong to Establish Wealth Management Connect Scheme

The HKMA will work with Mainland authorities and the industry to formulate the implementation details of the new scheme, with a view to launching it “as soon as practicable”.

Asian businesses looking at Qatar for opportunities: QFC

It also included a seminar ‘Business and Investment Opportunities in Qatar through the QFC’, where senior officials provided an overview of the multi-billion-dollar investment opportunities available to businesses in Qatar

Malaysian fugitive financier holds Cyprus passport – report

According to Politis Low came to Cyprus in September 2015 and obtained the passport under the citizenship by investment scheme within two days after investing in some property in the Famagusta district.

Mahathir Says No to Goldman's 1MDB Offer

U.S. authorities say about $4.5 billion was siphoned from 1MDB

Malaysian government to make a claim over 1MDB Assets

Following the settlement by the United States Department of Justice in the recovery of now-defunct state fund 1Malaysia Development Berhad, the Malaysian government will make a claim on the assets acquired by Jho Low

Singapore’s space tech sector is redesigning the way governments approach extraterrestrial operations

The ASEAN region does not have any major government projects involving space research.

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