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FINANCE Saturday, 1 August 2015 17:01

London’s First Fashion-Branded Residences Featuring Versace Home

With Asian investors still keen on prime London real estate a new luxury development on the Thames is sure to be of interest to buyers in Hong Kong and Singapore. Real estate developer Dico UK Property Holdings Ltd, a wholly owned subsidiary of DAMAC...

FINANCE Saturday, 1 August 2015 16:59

Sotheby’s To Present Yoshihara Jiro Collection – Full Circle

Sotheby’s Hong Kong is to present Full Circle – Yoshihara Jiro Collection, the first dedicated sale of works from the Yoshihara Jiro collection ever to appear on the market. Part of the forthcoming Hong Kong Autumn Sales 2015, this assemblage features works of...

FINANCE Saturday, 1 August 2015 16:55

Leading Asian Hotel Group Opens In Milan

Hong Kong’s Mandarin Oriental Hotel Group has opened the Mandarin Oriental, Milan. The intimate and contemporary hotel is housed within four elegantly redeveloped 18th century buildings, with a distinctly residential feel. The hotel claims that the 104 elegant...

FINANCE Saturday, 1 August 2015 16:53

Luxury Goods Giants Stall In Hong Kong And Singapore But Tokyo Rising

Reports out of Hong Kong suggest that luxury goods giants, including LVMH, Burberry and multi brand house Kering have threatened to close branches in the city should landlords decline appeals to lower retail rents. The high-end retailers have suffered a steep...

FINANCE Friday, 31 July 2015 22:57

OCBC Group Second Quarter Results – Private Banking AUM Grows

Oversea-Chinese Banking Corporation Limited (“OCBC Bank”) reported a net profit after tax of S$1.05 billion for the second quarter of 2015 (“2Q15”), which was 14% higher than S$921 million a year ago (“2Q14”). The Group’s 1H15 wealth management income, comprising...

FINANCE Friday, 31 July 2015 16:32

Singapore Monetary Authority Establishes Financial Centre Advisory Panel

The Monetary Authority of Singapore (MAS) has announced the composition of the new Financial Centre Advisory Panel (FCAP) comprising 26 leaders from the banking, insurance and asset management industries. FCAP will strengthen the dialogue and partnership between...

FINANCE Friday, 31 July 2015 16:31

Feeder Funds A Key Strategy To Draw Southeast Asian Assets

Global financial services research firm Cerulli expects foreign managers looking to penetrate Southeast Asia for now, especially those without any onshore presence in the region, will likely see the most success by employing the feeder funds or funds-of-funds...

FINANCE Friday, 31 July 2015 16:27

Hong Kong SFC Reprimands And Fines Nomura International (Hong Kong) Limited

The Securities and Futures Commission (SFC) has reprimanded and fined Nomura International (Hong Kong) Limited (Nomura Hong Kong) HK$4.5 million for failing to report significant misconduct by a former trader in a timely manner. On 11 June 2013, Nomura Hong Kong...

FINANCE Friday, 31 July 2015 16:25

Asian FinTech Roundup

Across Asia it has been another dynamic week for the technology sector as the Asian Wealth Times has already reported here and here. Below is a round up of the most prominent stories since midweek. Earthport Opens Singapore Base: Earthport, the largest open...

FINANCE Thursday, 30 July 2015 16:20

SBC Hosts First Fintech Demo Day In Singapore

Startupbootcamp FinTech, the leading accelerator focusing on financial innovation, hosted its first Demo Day in Singapore yesterday for the top 11 FinTech teams selected out of 300 applications earlier this year. For these 11 teams, Demo Day marked the completion...

FINANCE Thursday, 30 July 2015 16:19

National Australia Bank Announces $50 Million Innovation Fund

National Australia Bank (NAB) have announced that it will establish a $50 million fund to further accelerate the bank’s focus on customer-led innovation. The NAB Ventures fund will enable NAB to access leading ideas and capabilities from around the world through...

FINANCE Thursday, 30 July 2015 16:15

Business Growing Between Scotland And China

With the Chinese stock markets going through turbulent times perhaps a better long-term investment would be a rare Scottish whisky, alternatively sorrows could be drowned with a nice glass of the precious liquid. It has been an action packed first 24 hours in...

FINANCE Thursday, 30 July 2015 16:13

Singapore Developer Buys In City of London

Singapore developer, Hoi Hup Realty has made its maiden overseas real estate acquisition – the purchase of a commercial building in City of London for GBP 77 million. The building, which has approximately 106,892 sq ft of Grade A office accommodation, is located...

FINANCE Thursday, 30 July 2015 16:05

PwC Has 53 New Partners Across China Hong Kong Taiwan And Singapore

Strengthening the firm's commitment to the region PricewaterhouseCoopers the multinational professional services network has announced the admission of 53 new partners across its firms in mainland China, Hong Kong, Taiwan and Singapore during the past year. PwC...

FINANCE Thursday, 30 July 2015 16:03

Australia To Become World’s Biggest LNG Exporter Says ANZ - A$50 Billion Windfall

Often called the lucky country it could be that Australia has found yet another source of natural resource wealth. Australia’s LNG exports could triple within five years to an annual value of over AUD50 billion by 2020 as production from new fields comes on...

FINANCE Wednesday, 29 July 2015 16:23

Midweek Moves Across APAC – July 29

Here are the last moves across the APAC region for July. In Hong Kong the UK insurance firm Aon Plc has appointed Qin Lu as chief executive of Aon Benfield Greater China and Aon risk solutions China. Lu will be based in Hong Kong and will join the regional...

FINANCE Wednesday, 29 July 2015 16:22

Finding Stable Sources Of Income

Guest comment by Aditya Monappa, Head of Asset Allocation and Portfolio Solutions, Wealth Management, Standard Chartered.

FINANCE Wednesday, 29 July 2015 16:21

Chinese Wealth Fund Spends Big In Australia

The Asian Wealth Times reported recently here that the China Investment Corporation (CIC) had spent €1.3 billion on snapping up a retail portfolio in Belgium and France. It now seems that the aggressive fund has gone one better splashing out over $1.7 billion in...

FINANCE Wednesday, 29 July 2015 16:18

Countdown On To 2015 BNP Paribas WTA Finals Singapore

Tennis fever is set to return to Singapore as organizers of the BNP Paribas WTA Finals Singapore presented by SC Global today unveiled a line-up of new and enhanced programmes that will connect the 10-day festival to people from all walks of life in Singapore. Building...

FINANCE Tuesday, 28 July 2015 16:18

Vontobel Wants Doubling Of Asian Business By 2020

Zurich headquartered bank Vontobel yesterday posted their first half figures for the year. The bank attracted strong inflows of new money of CHF 6.4 billion and along with growth and enhanced efficiency this resulted in a 33 percent rise in net profit. Like many...

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