Indonesian Tax Amnesty, Singapore Source of Largest Funds Repatriated And Declared
The Taxation Directorate General (DJP) in Indonesia said Singapore accounted for the largest part of funds repatriated into the country and declared by Indonesians under the tax amnesty program to end on March 31, 2017 – March 30 / AntaraNews
Putting All Our Eggs in China's Basket Came at a Cost, UBS Says
UBS, which built an Asian investment-banking powerhouse around the strength of its China business, is finding that excessive reliance on one single market can be a bad thing – March 29 / Bloomberg
Rich Chinese Race to Apply For a U.S. Golden Visa
As members of Congress in Washington debate raising the minimum required to obtain a U.S. immigrant investor visa from $500,000 to $1.35 million, concern about the hike has set off a scramble among wealthy would-be participants in China - March 27 / Bloomberg
Short Seller Carson Block Says He Has a Hong Kong Stock in Sight
Carson Block, founder of Muddy Waters Research Group, says Hong Kong’s minimum public float of 25 percent makes it easy for market manipulation as US firm looks to launch an attack in weeks to come – March 27 / South China Morning Post
The Risk of a Crash Has Never Been Higher?
According to the CBOE SKEW Index, the risk of a stock market crash has never been higher. What exactly does that mean? – March 23 / Pension Partners
Banker by Day, Slave by Night
A bank executive was brainwashed, isolated from her family and forced to live in a squalid flat by the man she called «Master» for 23 year. – March 23 / Daily Mail
Japan's Affluent Once Again Drawing Global Wealth Managers
Asset managers in Japan and abroad are scrambling to capture Japanese high-net-worth clients looking for alternatives to their conventional investment strategies amid rock-bottom bond yields, Julius Baer and Lombard Odier are leading the charge - March 23 / Nikkei Asian Review
What You Can't Miss at Art Basel Hong Kong This Year, According to The Experts
For its fifth edition, Asia’s largest art event, Art Basel Hong Kong is going by the premise that bigger is better. With a total of 242 art galleries participating in this year’s installation, art lovers may find themselves in need for some handy tips on how to make the best of it – March 23 / Forbes
Ex-DBS Trader Jailed 16 Weeks in Singapore's First Spoofing Case
Ex-DBS Vickers trader Dennis Tey Thean Yang was sentenced to 16 weeks in prison on Wednesday by a Singapore court for spoofing the securities market in the first case brought jointly by the Monetary Authority of Singapore and white-collar crime police – March 22 / Bloomberg
Senior Executive at Westpac's BT Financial Faces Sexual Misconduct Allegations
Westpac has become the latest company subject to sexual misconduct allegations following a number of complaints by two female staff about the behaviour of a senior executive at its wealth management division BT Financial Group - March 21 / The Sydney Morning Herald
Goldman Building Robo-Adviser to Give Investment Advice to The Masses
Goldman Sachs, known for advising the world's richest and most powerful, is building a so-called robo-adviser geared to mass affluent customers, according to a job listing posted Monday on the bank's website – March 21 / Reuters
China’s Forex Watchdog Shows Red Card to Foreign Football Club Takeovers
China’s foreign currency watchdog has accused domestic companies of transferring assets overseas, under the cover of football club acquisitions. Officials are determined to clamp down on foreign deals, particularly in the sports and entertainment sectors – March 20 / South China Morning Post
Secretive Billionaire Reveals How He Toppled Apple in China
Duan Yongping is convinced Tim Cook didn’t have a clue who he was when they first met. The Apple boss probably does now. Duan is the reclusive billionaire who founded Oppo and Vivo, the twin smartphone brands that dealt Apple a stinging defeat in China last year – March 20 / Bloomberg
HSBC's Gulliver Faces Tax Probe After Losing Court Ruling
The HSBC Holdings Chief Executive Officer Stuart Gulliver, who has previously faced questions from British lawmakers over his personal taxes and offshore bank accounts, is being probed by U.K. revenue officials over his residency status – March 17 / Bloomberg
Samsung's New S8 to Adopt Facial Recognition for Payments
The Galaxy S8 to be unveiled later this month will blend fingerprint, iris and facial detection to verify users accessing mobile services including Samsung Pay – March 16 / Bloomberg
North Korean Hacking Group Likely Behind Recent Attacks on Banks
A North Korean hacking group known as Lazarus was likely behind a recent campaign targeting organizations in 31 countries, following high-profile attacks on Bangladesh Bank, Sony and South Korea, cybersecurity firm Symantec Corp said. – March 16 / The Japan Times
Gold’s Relationship With Inflation
Interest rates become «real» when they’re compared to the breakeven inflation rate. What do we mean by «breakeven inflation»? – March 15 / WealthManagement.com
This Millennial China Stock Guru Has Banker Parents, But Won't Touch Banks
Baijing Yu was raised by two generations of Chinese bankers but would the 32-year-old stock picker risk a penny of her clients’ assets on shares of a Chinese lender? Not a chance – March 14 / Bloomberg
Dubai is Trying to Figure Out How to Handle All The MoneyTrying to Figure Out How to Handle All The Money
Private wealth in the Middle East is expected to see one of the highest growth rates in the world. Dubai has looked to the likes of Singapore and Hong Kong as inspiration for its own financial hub, now the tables have turned – March 13 /Arabian Business
Singapore Leads The World in Sovereign Risk
In a landmark achievement, Singapore has overtaken Switzerland and Norway to become the global leader in Euromoney Country Risk’s rankings. Can it stay on top? – March 12 / Euromoney
FX is King in China
Local exchanges in China will rush toward becoming OTC FX brokerages, using Chinese subsidiaries of well recognized Western prime brokerages. Whilst the West tightens, China expands in a very promising direction. – March 12 / FinanceFeeds
India Lost Eleven Billionaires Last Year
India’s clampdown on cash lost the economy a few billionaires last year though the richest hardly saw their fortunes hit, however, the 18 Indians among the top 500 billionaires saw their wealth drop just 1.5 percent – March 10 / Bloomberg
As the World's Wealth Rises, Australia is the Biggest Winner
Australia is luring increasing numbers of global millionaires, helping make it one of the fastest growing wealthy nations in the world, according to reports from New World Wealth – March 9 / Bloomberg
Beijing Listed as Billionaire Capital of The World
Beijing is listed as the billionaire capital of the world for the second year running, ahead of New York, and followed by Hong Kong and Shenzhen, according to the latest findings in the Hurun Global Rich List 2017 – March 8 / China Daily
900 Million People in Asia Had to Pay Bribes in 2016
Transparency International spoke to nearly 22,000 people about their recent experiences with corruption in 16 countries and territories in the Asia Pacific region – March 7 / Transparency International
Singapore Managers Can Expect Pay Increases of 5 Percent At Most
According to a survey by recruitment consultancy Michael Page, Singaporean managers and senior staff can prepare for 5 percent pay increases at most this year as the labor market stabilizes – March 6 / Bloomberg
Has Passive Management Had Its Day?
Many investors have reaped the benefits of low-fee passive index investing, but can there be too much of a good thing? – March 4 / WealthManagement.com
Rolex to Retailers: Stop Charging Premium for Hot Models
Rolex recently sent a letter to its authorised retailers in Singapore, instructing them to stick to the recommended prices from March 1, instead of inflating them, especially for the in-demand models. – March 1 / The Business Times
Russian Billionaire Takes Huge Loss on $85 Million Gauguin
Russian billionaire Dmitry Rybolovlev paid $85 million for a landscape by Paul Gauguin in a private transaction in June 2008. On 28th February he took a 74 percent loss on his investment. – March 1 / Bloomberg
