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While Singapore’s net financial assets per capital grew 4.4 percent year-on-year, global economic instability and trade wars are weighing heavily on the global middle class, according to Allianz’s new Global Wealth Report. With net financial assets per capita…
Nescafe, the global coffee brand, has expanded its Espresso Concentrate collection with the introduction of a new flavour, ‘Rich Caramel.’ This new addition, characterized by a robust and distinctive caramel taste, is versatile and ideal for the creation of…
If anyone thought that Credit Suisse’s collapse would prove fatal to the Swiss finance hub should take a look at what is going on in the city-state right now. Singapore and its financial hub have been in the throngs of an unbelievably large money laundering…
The bank said that globally, Singapore has among the highest share of millionaires whose main source of income is their salary, and they prioritize self-enrichment over wealth accumulation. Based on its research that Singapore’s rich are not just focused on…
Hotpot-restaurant tycoon Zhang Yong has topped the latest Forbes Singapore Rich List. Zhang, the founder of the Haidilao restaurant business, has an estimated net worth of US$13.8 billion (US$19.2 billion) – enough to push last year’s richest Singaporeans,…
Global billionaire wealth and its population have fallen for only the second time since the global financial crisis in 2008, with those in APAC suffering the most. After reaching record levels the previous year, global billionaire wealth in 2018 declined by 7…
The definition of luxury is evolving, and the change applies to not only what people are spending money on, but how they’re doing it. “In the last few years, we have seen the crystallization of two luxury worlds: one which focuses on an encyclopedic choice of…
Pham Nhat Vuong is the first Vietnamese to enter the list of the world’s 200 wealthiest people. He has an estimated worth of $7.5 billion. Vuong, who heads the Vingroup conglomerate, is 198th on the real time billionaires ranking updated by Forbes magazine on…
Maybank Asset Management Group (MAMG) expects its assets under management (AUM) to increase between US$30 million (RM126 million) to US$50 million (RM209 million) in the next two years, following its collaboration with Schroder Investment Management…
People visit a viewing deck overlooking Victoria Harbour in Hong Kong. The city’s property prices have continued to climb because of the influx of mainland Chinese developers. Hong Kong: Here’s how billionaire Edwin Leong, one of Hong Kong’s largest retail…
Never mind that Singapore is experiencing one of the worst property slumps in its history, demand for luxury housing is suddenly coming from an unexpected group: wealthy Indonesians. This year’s purchases by Indonesian nationals of homes valued at S$5 million…
Cash registers in Hong Kong won’t be ringing merrily next year after the US rate hike, with locals likely to scratch their travel itch with the appreciating Hong Kong dollar. The greenback reached a two-week high against a basket of major rivals yesterday…
