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2,153 billionaires are richer than 4.6 billion people, says Oxfam
LONDON: The world’s richest 1% have more than twice the wealth of the rest of humanity combined, according to Oxfam, which called on governments to adopt "inequality-busting policies".
Major Hong Kong developer donates land to mitigate housing crisis
HONG KONG: Wheelock Properties Ltd. announced plans to donate several plots of land to charity for social housing in Hong Kong, following in the footsteps of fellow developers as anti-government protests continue to dog the city
Wealthy amass record US$121bil in tax-sheltered accounts
NEW YORK: It’s better to give than to receive, the saying goes. But to give, receive an immediate tax deduction and then dole out charitable dollars at your leisure is even better, judging by a recent report.
Shopee wraps up 11.11 Big Sale with 70 million items sold
KUALA LUMPUR: Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, wraps up its largest 11.11 Big Sale, with 70 million items sold on Nov 11.
Are your kids inheriting too much too soon?
AS parents, we want to give our kids better lives and opportunities than we did in our time. But is there such a thing as giving your children too much?
Are you retirement ready?
THE question most people ask is what would you do after retirement. different people have different aspirations. Some want to travel and others want to do charity work while there are many others who want to spend time with family and indulge in hobbies. Standard chartered recently commissioned an independent study to find out how ready asians were for retirement and what they would like to do. the sample size was 1,000 affluent consumers aged 35 to 59 across five countries - Malaysia, china, Hong Kong, Singapore and taiwan. In most markets, the study revealed that the affluent associated retirement with freedom but the question was, whether they could afford it. about 67% of them started retirement planning well before retirement. the study also revealed that 78% of affluent Malaysians viewed travel as an ideal retirement lifestyle.
It’s not only taxes that need to be ‘smart’
Curtailing powers of IRB’s DG and MoF would help assuage investors.
Islamic finance is alive and kicking in Malaysia, says Governor
Malaysia’s Islamic banking industry is not phasing out of the limelight but is very much alive and kicking, gaining maturity and poised for further growth.
Mapping out business opportunities
OUTSIDE her house in south India, Maria Victor embarks on a decades-old morning ritual that has turned into a key planning tool for impoverished women running small enterprises.
Maybank IB Research retains Buy on Berjaya Sports Toto
KUALA LUMPUR: Berjaya Sports Toto (BToto) negatively surprised with a headline net loss for May-June 2019 due to impairments at Philippine Gaming Management Corporation (PGMC), Maybank Investment Bank Research said.