

World Bank identifies excessive tax evasion and too few audits in Indonesia
At least one in four Indonesian firms evaded tax last year, a World Bank survey found, citing perceptions of widespread tax avoidance and...
Dec 19, 2024


Vietnam set to beat 7% GDP growth target for 2024
Vietnam's GDP growth is on track to surpass its 7% target for 2024, aided by supportive policies and stronger export performance, Deputy...
Dec 19, 2024


Top global leaders to convene at Hong Kong’s AFF 2025
The 18th Asian Financial Forum (AFF), set for January 13-14, 2025, will convene more than 100 global policymakers, investors, and...
Dec 19, 2024


Hong Kong’s wealth sector grows as Chinese funds flow in
Wealth managers are expanding in Hong Kong to accommodate a surge of mainland Chinese funds seeking offshore opportunities. UBS Group and...
Dec 18, 2024


New reforms set to streamline Vietnam’s IPO listings
Vietnam’s IPO market is poised for revival as private firms prepare to list, signalling renewed investor interest after a subdued period...
Dec 18, 2024


South Korean businesses push parliament for economic certainty
SK Group Chairman Chey Tae-won, who also leads the Korea Chamber of Commerce and Industry, called for stable economic policies amid...
Dec 18, 2024


Allianz withdraws USD1.6bn income insurance offer
Munich-based Allianz has withdrawn its pre-conditional voluntary cash general offer to acquire at least 51% of Singapore’s Income...
Dec 18, 2024


Hong Kong’s luxury appeal slips among mainland elite
Hong Kong’s appeal to mainland China’s first-tier city luxury consumers declined by 5%, while its attractiveness surged 20% among...
Dec 17, 2024


Thai ESG funds set to boost year-end inflows
The Association of Investment Management Companies (AIMC) expects Thai ESG mutual funds to add between THB5bn (USD146m) and THB8bn in...
Dec 17, 2024


Private banking veteran joins Malaysian asset management firm
A veteran of Asia’s private banking sector has joined Kuala Lumpur-based JIA Asset Management as head of strategy. Benjamin Pedley, who...
Dec 17, 2024


Financial chiefs agree on stronger Korea-Japan coordination
South Korea and Japan’s chief financial regulators agreed to strengthen cooperation to maintain stability in East Asia’s financial...
Dec 17, 2024


OECD urges easing of Philippine IPO requirement
Regulators should consider easing listing requirements and reducing fees to boost the number of Philippine companies going public, the...
Dec 16, 2024


Central bank chair post under scrutiny in Thailand
Thailand’s finance minister is examining whether Kittiratt Na-Ranong meets all necessary criteria before recommending him for the Bank of...
Dec 16, 2024


Singaporean father-and-son billionaire establishing family office in Abu Dhabi
Raj and Kishin Kumar, the father and son billionaire duo in Singapore, are establishing a family office in Abu Dhabi to manage their...
Dec 16, 2024


Nippon Life to ink largest Japanese insurance takeover deal
Japanese insurance major Nippon Life has agreed to acquire all the shares it does not own in Resolution Life for about USD8.2bn, the...
Dec 16, 2024


AllianzGI secures landmark stake in China pension market
Allianz Global Investors said it has received regulatory approval to acquire a 2% stake in Guomin Pension & Insurance Co, making it the...
Dec 13, 2024


Foreign investors fuel Vietnam’s non-life insurance M&A
The Vietnamese non-life insurance sector is drawing strong merger and acquisition interest as foreign and domestic investors target its...
Dec 13, 2024


Eight family offices eye Malaysia’s Forest City’s Special Financial Zone
Eleven companies have expressed interest in establishing operations in the Forest City Special Financial Zone (SFZ), according to...
Dec 13, 2024


Philippine conglomerate The Kho Group to set up family office in HK
The Kho family, which established the 40-year-old conglomerate The Kho Group (TKG) in the Philippines, is setting up a family office in...
Dec 13, 2024


Japan’s megabanks target US, India for overseas expansion
Japan’s megabanks—Mitsubishi UFJ (MUFG), Sumitomo Mitsui (SMFG), and Mizuho—are pursuing overseas investments, focusing on the US and...
Dec 12, 2024

