Singapore’s digital wealth platform Endowus acquires Hong Kong’s Carret Private

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In: South-East Asia

SINGAPORE: Singapore-based digital wealth advisor Endowus has acquired a majority stake in Hong Kong-based wealth manager and multi-family office Carret Private Investments Limited, it announced on Monday (Oct 17). With the acquisition, total assets under management of the Endowus group – comprising Endowus’ licensed companies in Singapore and Hong Kong,Continue Reading

Chip war policy hurting US firms more than China

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In: Asia

On October 7, the US Department of Commerce expanded licensing requirements for exports of advanced semiconductors and the equipment that’s used to make them to cover all shipments to China and not just shipments to particular companies. The share prices of companies expected to be affected had already dropped, discounting previously announced sanctions and the […]Continue Reading

The Big Read: Crowds are back at malls, but are happy days here again for brick-and-mortar retailers?

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In: South-East Asia

Mr Guillaume Sachet, a partner in KPMG Singapore’s advisory practice, said the pandemic has changed the retail landscape in many ways and accelerated the growth of online shopping. In order for physical stores to compete with their virtual counterparts, they will have to do something unique, said Professor Lawrence LohContinue Reading