singapore based uob am fined
The Monetary Authority of Singapore (MAS) has fined UOB Asset Management S$50,000 for failing to issue monthly statements to its customers over a six year period.
Asia
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nikko am extends asian reach with indian jv
Tokyo-based Nikko Asset Management has broadened its reach in Asia, with the announcement of a joint venture with Indian company Ambit Holdings Private Limited.
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bogus facebook adviser fined hkd20000
An unlicensed adviser was today fined HK$20,000 and given a community service order of 80 hours, for advising on securities via the social networking website Facebook.
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state street rapped in singapore
State Street Global Advisors has been reprimanded by the Monetary Authority of Singapore, for supplying inaccurate information in relation to the performance of an exchange traded fund.
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wef puts hong kong top of its financial index
Hong Kong has taken the top position on the World Economic Forums Financial Development Index for the first time, moving ahead of both the United States and the United Kingdom.
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friends unveils malaysian takaful business
Friends Life has launched its Shariah-compliant insurance business in Malaysia.
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asia pac sales forecast to grow at 6pc pa
Asia Pacifics retail and consumer industry is forecast to grow at an average of 6% from 2011 to 2015, according to joint PwC and Economist Business Unit research, which also revealed that online purchases increased last year in China by 97% year on year.
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iom courts chinese entrepreneurs
Members of the Isle of Man business community this month presented to a group of 14 high net worth Chinese entrepreneurs, to raise awareness of the benefits of doing business with the island.
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foreigners bear brunt of new singapore move
In an effort to cool its scorching residential housing market, Singapore has introduced a new, extra stamp duty equal to 10% of the value of properties sold, which will apply only to foreigners.
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banks distribution dominance in asia on the slide
While banks still dominate fund distribution in Asia, their market share has continuously fallen since 2009 as providers look to diversify their routes to market.
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weak dollar keeps hk cheaper for expats
Hong Kong has tumbled down the list of most expensive locations for expats to live, as a weaker dollar continues to negate the impact of rising prices, according to the annual cost of living survey from ECA International.
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major private health insurers test chinese waters
Experts may not agree on whether investing in Chinese businesses is a good idea at the moment. But for many multi-national companies, there is no disputing the need for at least one office on the mainland, typically in Shanghai.