Both Hong Kong and Singapore, Asia’s two wealth management hubs have agreed with the US authorities to extend the reporting dates for their respective institutions. FATCA requires all Financial Institutions outside of the United States to submit regular...
According to a recent report carried out by the Shanghai based Juwai.com Chinese investors continue to pile into overseas property. Juwai, which means “home overseas”, is visited by thousands of Chinese buyers each day from over 315 cities throughout China...
Chinese basketball superstar Yao Ming is known for his outstanding achievements, both on and off the basketball court. Yao was one of the standout players in the NBA for almost ten years and an NBA All-Star five times during the course of his career. He is also...
After a lengthy public consultation process with the industry the Monetary Authority of Singapore (MAS) is introducing tougher regulations on money laundering and terrorism financing. The re calibrated regulations will be rolled out in stages later this year on...
Simon Smiles is the Chief Investment Officer UHNW, UBS based in Zurich. We caught up with him yesterday and asked if he could outline a brief strategy to counter act inflation specifically for Asian based clients. Is it gold, cash, stocks or real estate? For many...
Around midday on Sunday in Asia we will know if the regions favorite boxing son Manny 'Pac Man' Pacquiao has taken the undefeated tag from Floyd Mayweather. The financial rewards for both boxers for this long overdue match up are eye watering with around $300...
Speaking in Singapore at the DBS Group Holdings first quarter briefing CEO Piyush Gupta said he was delighted with the robust and stable growth of the bank’s wealth management segment. Consumer Banking/Wealth Management income rose 29% to SGD 861 million, with...
The HondaJet, as it is known was rolled out to the media last week at Tokyo’s Haneda airport. The sleek and compact aircraft is the result of founder Soichiro Honda's longtime dream to have a plane in Honda’s portfolio of products.
Family Office activity continues to gain critical mass across Asia with news that Joseph Tsai, Alibaba’s executive vice chairman is said to be setting up his own family office. According to reports from Hong Kong the new venture could go live as soon as this...
A spectacular collection of arms and armour once owned by Tipu Sultan, the last King of Mysore, was sold at Bonhams Islamic and Indian art sale for a total of more than £6million.
According to media reports out of the UK HSBC is once again making hints it may consider relocating its headquarters. With opinion polls showing the UK Labour party slightly ahead and with all political parties there promising ever more regulation and tax hikes...
Shanghai based Fosun International is said to have purchased Palazzo Broggi in Milan. The property was formerly the home to Italian bank UniCredit. A price of €345m has been agreed sources said. Fosun International has been on an aggressive acquisition push in...
McLaren pulled the covers off its second model in the new Sports Series, the McLaren 540C Coupé, at the Shanghai Motor Show last week. It will take you from 0 to 100km/h in 3.5 seconds and has a top speed of 320km/h. This might be a challenge in the packed...
According to reports from New York the celebrity realtor Dolly Lenz has won the sole agency to sell the triplex penthouse perched on top of the One Madison condominium. The property, which is owned by media magnate Rupert Murdoch, is on the market for a...
Sport on a wealth site - yes particularly a site that drills down into Asian wealth.
Proving that there is still life in the Singapore property market the only penthouse at Le Nouvel a luxury development in the high end Ardmore Park district has been sold for S$51 million. Local real estate professionals were lifted by the robust result, given...
According to Mike Smith Asia’s importance to Australia - and to ANZ - has not been oversold, but more realistically undersold. Speaking in Sydney recently the CEO of ANZ Bank Mike Smith emphasized that Asia remains a key cog of growth for his bank. Smith was firm...
Bangkok based Bee Taechaubol revealed this week he was on the verge of becoming the new majority shareholder at Italian Serie A club AC Milan. Taechaubol is said to be traveling to Milan this weekend to finalise the details. According to the Italian media the...
A businessman based in China has become the owner of the most expensive apartment sold in Australia. At more than $33,000 per square metre the 750sq m penthouse in one of Australia’s tallest residential buildings the Fender Katsalidis-designed Australia 108...
A unit at luxury condo 39 Conduit Road in the Mid-Levels of Hong Kong has apparently been sold for HK$93,000 per square foot, a record price for Asia. The extravagant units boast panoramic Victoria Harbour and Peak views. The unidentified buyer is said to have...
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