Retail investor protection strengthened in Singapore
Retail investors in Singapore will receive greater protection following changes to the Securities and Futures Act (SFA).
Asia
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2017 will be a good year for EM equities
Upward revisions of corporate earnings and attractive valuations should buoy emerging market equities, according to Eastspring Investments and Schroder Investment Management.
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Pakistan to drive frontier investing?
The acronym VARP is popping up, led by an increasing interest in Pakistan investment.
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Singapore account holders must disclose tax residency status
Account holders in Singapore have been told by the taxman to fully cooperate with their financial institutions as they determine the tax residency status of their clients under the Common Reporting Standard (CRS).
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Rotation from bonds into equities might not last long
Global growth in the second half of 2017 will help determine whether investors keep shifting assets out of bonds and into to equities, said Thomas Kwan, the chief investment officer for Hong Kong-based Harvest Global Investments.
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Ex-Citibank HK banker penalised for copy-and-paste signature
A former Citibank senior personal banker in Hong Kong has been penalised for copying and pasting a client’s signature into a document to deceive the bank into accepting the signature as genuine.
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Japanese insurer to replace staff with AI system
A major Japanese insurance firm is to lay off 34 staff in its payment assessment department and replace them with an artificial intelligence (AI) system this month to improve operating efficiency.
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First westerner charged over Singapore’s IMDB scandal
Swiss national Jens Sturzengger has become the first westerner to be charged by a Singapore court as part of the investigations into the 1Malaysia Development Bhd (1MDB) money laundering scandal.
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US policy drives Bank of Singapore’s glum outlook on China
Potentially aggressive US trade policy and China’s expanding credit are top concerns, according to Richard Jerram, the Bank of Singapore’s (BoS) chief economist.
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Fidelity obtains first ‘private fund’ licence in China
Fidelity International has become the first global asset manager allowed to launch investment products in mainland China through a wholly-owned local subsidiary, in the latest move by Beijing regulators to open up the country’s capital markets to foreign firms.
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Boss of £23m biofuel scam jailed for eight years in Cambodia
The chairman of a collapsed biofuel investment scheme has been convicted of fraud and sentenced to eight years in prison by a Cambodian court.
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Korea’s political turmoil makes managers wary of equities
Political scandals, corporate governance issues and the potential impact of Donald Trump’s trade policies prompt caution on Korean equities.