

Family offices favour Taiwan, India, US in 2025
High-net-worth individuals and family offices may raise investments in mainland China and Hong Kong next year, encouraged by Beijing’s...
Jan 3, 2025


Singapore beats forecast, grows 4% in 2024
Singapore’s economy expanded 4% year on year in 2024, surpassing 2023’s 1.1% growth. Fourth-quarter GDP rose 4.3%, slower than Q3’s...
Jan 3, 2025


Thailand joins BRICS as partner country
Thailand joined BRICS as a partner country on 1 January 2025, as confirmed by the Ministry of Foreign Affairs. The announcement came from...
Jan 3, 2025


Vietnam set to finalise Mobile Money rules
An official legal framework for Mobile Money is expected in early 2025 to boost cashless payments in rural and remote areas, as the pilot...
Jan 3, 2025


Cheng family’s CTF eyes USD2bn toll road sale
CTF Services, the family’s infrastructure arm of Hong Kong’s billionaire Cheng family, is exploring the sale of mainland China toll roads...
Jan 2, 2025


Six firms to raise USD429m in Hong Kong IPO rush
Hong Kong’s IPO market is showing signs of revival, with at least six companies planning to raise HKD3.3bn (USD429m) through listings by...
Jan 2, 2025


South Korea expands support for trade-hit firms
South Korea will implement a new trade rule to expand support for companies affected by trade agreements, the industry ministry said. The...
Jan 2, 2025


Philippines Insurance Commission sets rules for MBA valuations
The Philippines Insurance Commission (IC) plans to set valuation standards for mutual benefit associations’ (MBA) policy reserves. A...
Jan 2, 2025


Vietnam enacts major economic reforms from January 1, 2025
Starting January 1, several key economic policies will take effect in Vietnam, including new transport regulations, tax adjustments, and...
Jan 1, 2025


Hong Kong expands tax perks to attract family offices
Hong Kong’s plan to expand tax concessions for single-family offices aims to strengthen its position as a hub for high-net-worth...
Jan 1, 2025


Xi projects 5% GDP growth for China in 2024
China’s gross domestic product is projected to grow around 5% in 2024, President Xi Jinping said, signaling the economy is on track to...
Jan 1, 2025


Ex-oil tycoon OK Lim declared bankrupt in Singapore
Former oil tycoon Lim Oon Kuin, founder of Hin Leong Trading, has been declared bankrupt in Singapore alongside his children, who were...
Jan 1, 2025


OCBC sells stake in Hong Kong Life Insurance for USD76m
OCBC has agreed to sell its 33.3% stake in Hong Kong Life Insurance to Yue Xiu Enterprises for HKD589.3m (USD76m). The stake, held...
Dec 31, 2024


Hong Kong Investment Co names managers for revived investor visa fund
Hong Kong Investment Corporation has named four fund managers and a service provider for the New Capital Investment Entrant Scheme, part...
Dec 31, 2024


Malaysian regulator reprimands Bybit over unregistered exchange
Malaysia’s Securities Commission (SC) reprimanded Bybit Technology Limited and CEO Ben Zhou for operating a digital asset exchange...
Dec 31, 2024


Vietnam’s big four banks report strong 2024 results
Vietnam’s four largest banks—BIDV, Vietcombank, VietinBank, and Agribank—reported positive preliminary results for 2024, with asset...
Dec 31, 2024


Private equity heavyweights battle for Japan’s Seven & i assets
KKR and Bain Capital offered more than USD5bn each in first-round bids for non-core assets of Seven & i Holdings, sources said. KKR...
Dec 30, 2024


Hong Kong banks chase relationship managers, due diligence & data professionals
Relationship managers, customer due diligence officers and data analysts rank among Hong Kong’s hottest roles, say human resource...
Dec 30, 2024


South Korean main business lobby solicits support for local economy
South Korea’s main business lobby has sent letters this week urging support for the Korean economy from 33 global counterparts amid...
Dec 30, 2024


Vietnam approves new credit rating providers
Vietnam's Ministry of Finance has granted credit rating certificates to five companies, including the newly added Thien Minh Credit...
Dec 30, 2024

