Batch 3 | Asia First 6/16

ALL NEWS

Lawrence Ho’s Family Office Opens iRad Hospital In Macau

Black Spade Capital, the family office of Melco Resorts chairman Lawrence Ho, has opened the 15,000-square-foot iRad Hospital inside Studio City in Macau — the world’s first integrated resort hospital equipped with MRI and CT scan facilities. The iRad Hospital project marks a significant milestone for Lawrence Ho’s family office as it aligns with Macau’s “1+4” economic diversification strategy to develop non-gaming sectors such as healthcare, tourism, and innovation. The faci

FAMILY OFFICES

Oct 9

MPF Surpasses HKD1.5tr For First Time

Hong Kong’s Mandatory Provident Fund (MPF) surpassed HKD1.5tr (USD192bn) in total assets for the first time at the end of September, reaching a record HKD1.53tr, according to provisional data from the MPF Schemes Authority. Equity and mixed-asset funds, which account for nearly 80% of total assets, posted average net returns of 18.8% and 10.6%, respectively, over the past year. The Core Accumulation Fund under the Default Investment Strategy achieved a 9.8% return for the sam

ASSET MANAGEMENT

Oct 9

Malaysia Moves From Stability To Reform, Says Anwar

Prime Minister Anwar Ibrahim said Malaysia’s economy has shifted from a phase of uncertainty to one of recovery, progressing from defensive stabilisation policies to proactive structural reform. Speaking at the Khazanah Megatrends Forum 2025, Anwar highlighted that growth remains steady, inflation controlled, and unemployment low, but warned of the need to prepare for future global disruptions. He stressed that Malaysia’s fiscal consolidation is guided by prudent stewardship

ECONOMY

Oct 9

Raffles Family Office Strengthens Hong Kong Team with Senior Hires

Raffles Family Office has strengthened its Hong Kong presence with the appointments of Michael Tung as Managing Director and Jennie Liang...

FAMILY OFFICES

Oct 8

Hong Kong Listing Reforms to Attract Smaller and Diverse Firms

Hong Kong is preparing a new round of stock exchange reforms aimed at expanding access for smaller and more diverse companies, with multiple voting rights, to list on the Hong Kong Stock Exchange. The proposed Hong Kong listing reforms, announced by Salina Yan Mei-mei, Permanent Secretary for Financial Services and the Treasury, seek to lower qualification thresholds and widen eligibility across industries while maintaining listing quality. Yan told lawmakers that simplifying

REGULATION

Oct 8

Singapore Digital Economy 2025 Reaches USD99bn or 18.6% of GDP

Singapore’s digital economy 2025 expanded to SGD128.1bn (USD99bn) in 2024, accounting for 18.6% of GDP, up from 18.0% in 2023 and 14.9% in 2019, according to the Infocomm Media Development Authority’s (IMDA) latest report. The Infocomm Media Development Authority said more than two-thirds of the digital economy’s output came from non-Information & Communications sectors, led by finance and insurance, wholesale trade, and manufacturing. SME digital adoption climbed to 95.1%, w

ECONOMY

Oct 8