

Hong Kong promotes itself as top family office hub at summit
Hong Kong positioned itself as a prime destination for family offices at the Wealth for Good in Hong Kong Summit on Wednesday, drawing...
Mar 31


Global family office market to double by 2032
The global family office market is projected to grow from USD27.2bn in 2022 to USD54.7bn by 2032, driven by rising wealth and complex...
Mar 28


Hong Kong set to exceed family office target
Hong Kong is on track to surpass its target of attracting over 200 large family offices by year-end, Secretary for Financial Services and...
Mar 27


Malaysia's central bank to continue monitoring digital assets
Bank Negara Malaysia (BNM) will continue monitoring digital assets in 2025 but reiterated it has no plans to recognise cryptocurrencies...
Mar 25


Philippines is now VAT-free for tourists
Philippine officials signed the implementing rules and regulations (IRR) for Republic Act 12079, enabling value-added tax (VAT) refunds...
Mar 25


Citi launches philanthropy solutions for Asia’s ultra-rich
Citi Private Bank has launched new philanthropy advisory solutions in Asia, starting in Singapore, to support ultra-high-net-worth...
Mar 24


Macau to host exclusive family office summit in May
BEYOND Expo will host the BEYOND Wealth Summit 2025 on May 23-24 in Macau, in partnership with the Asian Family Legacy Foundation (AFLF)...
Mar 21


Cheng family eyes luxury expansion with Louis Vuitton megastore
Billionaire Cheng family’s New World Development is in talks with Louis Vuitton to open a 40,000-square-foot megastore at its K11 Musea...
Mar 20


Manulife names Steve Finch as new Asia CEO
Manulife has appointed Steve Finch as Asia president and CEO, effective May 9, succeeding Phil Witherington, who will become the...
Mar 18


OECD slashes South Korea’s 2024 growth forecast to 1.5%
The OECD cut South Korea’s 2024 growth forecast to 1.5% from 2.1%, citing rising trade barriers and geopolitical risks, according to its...
Mar 18


Hong Kong launches GreenTech Hub to boost green finance
Hong Kong Science and Technology Parks Corporation (HKSTP) has launched the GreenTech Hub at InnoCentre, Kowloon Tong, to position Hong...
Mar 17


Hong Kong IPO market poised for 80% surge
Hong Kong’s stock market fundraising could rise by up to 80% this year, with IPO proceeds expected to reach between USD17bn and USD20bn,...
Mar 14


Lo family donates USD12.9m to expand CUHK Art Museum
The Lo Kwee Seong Foundation has donated HKD100m (USD12.9m) to expand the Chinese University of Hong Kong’s art museum, reinforcing the...
Mar 13


South Korea drops to 17th in global economic freedom ranking
South Korea fell three spots to 17th in the 2025 Heritage Foundation Index of Economic Freedom, despite its overall score rising to 74...
Mar 11


Thailand SEC adds USDT, USDC to approved crypto list
Thailand’s Securities and Exchange Commission (SEC) has added USD Coin (USDC) and Tether (USDT) to its list of approved cryptocurrencies...
Mar 11


Family offices mulls increase in real estate allocation
Nearly half of family offices plan to increase real estate allocations, focusing on residential and industrial sectors, according to...
Mar 10


Hong Kong proposes tax perks for family offices in 2025-26 budget
Hong Kong’s 2025-26 budget proposes enhanced tax incentives for single-family offices, expanding eligible assets for preferential tax...
Mar 7


Investment firms expand private wealth teams in Asia
Investment firms are accelerating private wealth hires across Asia in 2025, reinforcing the region’s growing role as a global wealth...
Mar 6


Singapore sees record corporate liquidations in 2024
Corporate liquidations in Singapore surged to a record high in 2024, with 307 firms shuttered, up from 201 the previous year, according...
Mar 4


IMF sees Malaysia’s economy expanding 4.7% in 2025
Malaysia’s economy is projected to grow 4.7% this year, supported by strong momentum, though external risks remain, the International...
Mar 4