Shares in Felda Global Ventures Holdings closed today at their highest price since the Malaysian state-owned palm oil conglomerate went public at the end of June, in the worlds second-largest Initial Public Offering of the year.
A growing awareness of the need for individual responsibility and importance of long term savings is revealed in a new study on retirement attitudes in East Asia.
Regulatory changes expected to emerge out of Singapores Financial Advisory Industry Review are likely to nudge the industry towards fee-based advice faster than the market would go if left to its own devices, according to Cerulli.
An undercover investigation into the standard of advice on offer among Singapores banks and insurers has found significant room for improvement, the Monetary Authority of Singapore said today.
Two of the original founders and owners of Boston Direct Management, the Singapore-based platform provider, have resigned from the company to form a new venture, known as Capital Platforms.
The Australian Securities & Investments Commission (ASIC) is to consult the financial advice industry on its plans to introduce a new, national exam for advisers, as part of the countrys ongoing effort to boost advice standards.
Prudential, the UK-based, international insurance giant, has been given the go-ahead in principle from Cambodias Ministry of Economy and Finance to establish a wholly foreign-owned life insurance operation in the country.
The Monetary Authority of Singapore (MAS) and the Peoples Bank of China (PBC) have signed an agreement on the establishment of a representative office by MAS in Beijing.
HSBC Holdings, the London-based banking giant, has sold stakes in two Indian banks for around $425m.
Hong Kong is set to play an even greater role as a gateway for financial trade between emerging economies and China, according to a report issued today by PwC.
The central banks of Singapore and Thailand have signed a memorandum of understanding which will allow financial institutions in both countries to access additional liquidity.
Skandia International is showcasing over the coming weeks to advisers in Singapore its Wealth Interactive service, an end-to-end wealth management proposition which will be offered there through a new portfolio bond product.
