05/04/2012

Rich Malaysians grow wealth aggressively

A study covering nine Asian markets described rich Malaysians as ambitious and aggressive in growing their wealth, with 75% aiming to be worth about US$4mil (RM12mil) within the next 10 years.

05/04/2012

Arts attract philanthropic funds

Funds for projects ranging from direct support of artists to acquisition of works and related community development projects accounted for $5.28 million of the $23.2 million in grants to organisations from clients of the multi-family office last year.

05/02/2012

Yachts Set Sail for Singapore

Over the past month, Singapore played host to the Singapore Yacht Show and Boat Asia; both focused on showcasing million-dollar boats luring wealthy buyers to Southeast Asia’s increasingly crowded marinas.

04/27/2012

DBS posts record quarterly profit

"DBS continued to build its Asian franchise with good growth across its regional markets," CIMB's head of research Kenneth Ng said in a note to client.

04/25/2012

Sharp improvement for Credit Suisse ‎

Credit Suisse eked out a small first-quarter profit on Wednesday, confounding analyst forecasts for a big loss due to a 1.5 billion Swiss franc charge on its own debt, as it cut more costs than expected.

04/24/2012

Asian millionaires on the rise

Wealth managers also expected those with $30m of investable assets to account for 24 per cent of their $3tn under management, up from 19 per cent in 2011.