‘Singapore cannot afford to keep losing clients to Dubai and Hong Kong’: Industry says faster onboarding vital for wealth hub edge

‘Singapore cannot afford to keep losing clients to Dubai and Hong Kong’: Industry says faster onboarding vital for wealth hub edge

The city-state is racing to remove procedural friction as the battle for the ultra-rich intensifies [SINGAPORE] As the battle for Asia’s ultra-rich gets more heated, Singapore is moving to sharpen its edge as a leading wealth hub by tackling a growing pain point among wealthy clients and family offices: lengthy onboarding processes. The Monetary Authority…

Read More

New dynamism: Singapore needs a market index without Reits to support passive flows

New dynamism: Singapore needs a market index without Reits to support passive flows

ETFs a means of riding market’s revitalisation while neutralising risk of picking the wrong companies, abandoning strong performers too early [SINGAPORE] As the Singapore market has become more dynamic, I have increasingly turned to exchange-traded funds (ETFs) to manage my exposure to locally listed stocks. Many fundamentally sound stocks that I had purchased years ago…

Read More

Singapore’s CapitaLand sheds 10% of China staff amid downturn

Singapore’s CapitaLand sheds 10% of China staff amid downturn

Headcount in its Singapore base has also been reduced, though the proportion stays unchanged at 24% of global employees Published Sun, May 31, 2026 · 05:45 PM [SINGAPORE] CapitaLand Investment said its workforce in China plunged by about 10 per cent, or 365 people, last year as the asset manager continues to grapple with a…

Read More

Mizuho plans more Singapore hiring to power next phase of Asia growth

Mizuho plans more Singapore hiring to power next phase of Asia growth

India tops the list of preferred investment destinations for Japanese clients, says Apac CEO Koichi Zaiki [SINGAPORE] Japanese banking giant Mizuho is looking to further expand its Singapore workforce and strengthen capabilities in selected areas to meet growing client demand, said Koichi Zaiki, its Asia-Pacific chief executive. While the bank has not set a specific…

Read More

SoftBank plans up to 75 billion euro investment in French AI centres

SoftBank plans up to 75 billion euro investment in French AI centres

The commitment is the Japanese tech conglomerate’s biggest artificial intelligence infrastructure investments in Europe Published Sun, May 31, 2026 · 04:55 PM SOFTBANK Group plans to invest as much as 75 billion euros (S$111.6 billion) to build 5 gigawatts (GW) of artificial intelligence data centre capacity in France, saying the country is poised to become…

Read More

Strait of Hormuz ship transits are rising thanks to US help

Strait of Hormuz ship transits are rising thanks to US help

Some of the ships that have crossed belong to companies that had not transited Hormuz since the war began Published Sun, May 31, 2026 · 10:11 AM SHIPOWNERS are increasingly optimistic about a pickup in traffic through the Strait of Hormuz after more vessels left the waterway in the week ended May 31, with the…

Read More

China’s private fund assets hit record as quant managers surge

China’s private fund assets hit record as quant managers surge

2,348 private funds, with 928.7 billion yuan in combined registered assets, were registered in April Published Sat, May 30, 2026 · 04:30 PM CHINA’S private fund industry grew to a record 23.5 trillion yuan (S$4.4 trillion) at the end of April, as quantitative managers gained market share and the ranks of large firms expanded rapidly,…

Read More

MiniMax plans China IPO as it eyes local rivals like DeepSeek

MiniMax plans China IPO as it eyes local rivals like DeepSeek

It is part of a group of Chinese AI firms racing to build and commercialise large language models Published Sat, May 30, 2026 · 03:14 PM CHINA’S MiniMax Group has begun preparations for a domestic initial public offering (IPO), according to a regulatory filing, as the fast‑growing artificial intelligence (AI) startup challenges local rivals including…

Read More