Asia
hsbc survey reveals decline in wealth growth
One in five Hong Kong investors has seen their net worth decline over the past six months, a survey conducted by HSBC has found.
aia group confirms ing malaysia purchase
AIA Group has confirmed it is to acquire ING’s Malaysian insurance subsidiaries for $1.7bn, subject to regulatory approvals.
aia group to buy ings malaysian
AIA Group has agreed to buy ING’s Malaysian insurance unit, ING Insurance Berhad, according to Reuters.
tax offences to be made money laundering
The Monetary Authority of Singapore is planning to make some tax crimes money laundering “predicate offences” under proposals announced today.
Standard life opens in singapore
Standard Life is to open its first branch in Singapore later this month with a nine-strong team who will work with 24 IFA firms and bank distributors.