Vimeo
LinkedIn
Instagram
Share |

Asia Pacific

August 1, 2014

Indonesia’s wealthiest billionaires all come from family businesses, according to a new rich list released this week.

Indonesia’s wealthiest billionaires all come from family businesses, according to a new rich list released this week.

In the wake of the southeast Asian nation’s presidential elections, held last month, Wealth-X has revealed the Hartono brothers, Michael and Robert, are the wealthiest Indonesian individuals, with a net worth of $9.7 billion (€7.2 billion) each.

The 9 July election was won by Joko Widodo, who did not come from an wealthy background, but instead grew up in a riverside slum in the city of Surakarta.

December 18, 2013

Genting Malaysia, controlled by the Lim family, has joined forces with Twentieth Century Fox, a subsidiary of Rupert Murdoch’s entertainment empire, to launch a $300-million (€218 million) theme park in the south Asian nation.

Genting Malaysia, controlled by the Lim family, has joined forces with Twentieth Century Fox, a subsidiary of Rupert Murdoch’s entertainment empire, to launch a $300-million (€218 million) theme park in the south Asian nation.

September 4, 2012

A grandson of the co-founder of the Red Bull energy drink company has been arrested in Bangkok following a hit-and-run accident that killed a local policeman.

A grandson of the co-founder of the Red Bull energy drink company has been arrested in Bangkok following a hit-and-run accident that killed a local policeman.

Vorayuth Yoovidhya, 27, an heir to one of Thailand’s wealthiest families, allegedly struck a police officer on motorcycle patrol before dawn on 3 September while driving his Ferrari through a residential neighbourhood in the Thai capital.

His car allegedly dragged the policeman down a Bangkok street for several dozen metres.

August 15, 2012

The Philippines' Zobel de Ayala family has won the battle for a premium state-owned property, outbidding a number of other powerful families in the process.

The Philippines' Zobel de Ayala family has won the battle for a premium state-owned property, outbidding a number of other powerful families in the process.

On 14 August, the country's government accepted family business Ayala Land’s 24.33 billion Philippine pesos (€468 million) bid to acquire a 74 hectares (183 acres) industrial estate, located south of greater Manila.

January 31, 2012

Plans by opposition politicians in South Korea to introduce a new tax on family-controlled conglomerates have been criticised by the country’s finance minister.

Plans by opposition politicians in South Korea to introduce a new tax on family-controlled conglomerates have been criticised by the country’s finance minister.

Bahk Jae-wan said the Democratic United Party’s suggestion to tax the dividends earned by family-owned conglomerates, or chaebol, from equity investments in their affiliates could hurt future investment and competitiveness, reported the Yonhap News Agency, a local news provider.

December 13, 2011

Family businesses are China's invisible economic engine but their importance is threatened by their inability to survive generational shifts.

Family businesses are China's invisible economic engine but their importance is threatened by their inability to survive generational shifts.

This is the main finding of a new study by the All-China Federation of Industry and Commerce, in collaboration with Sun Yat-sen University, Zhejiang University and family-controlled sauces giant Lee Kum Kee.

October 28, 2011

With Asian economies growing rapidly, family businesses have been urged to seize the opportunities offered by the region.

With Asian economies growing rapidly, family businesses have been urged to seize the opportunities offered by the region.

Speaking at a Family Business Network International conference, Teo Chee Hean, Singapore’s deputy prime minister, said the time is now ripe for family businesses to take advantage of “potential sources of growth” in Asia.

September 15, 2011

Family businesses are unlikely to play a big role in driving growth in the number of high net worth individuals in Asia, according to a Hong Kong-based analyst. 

Family businesses are unlikely to play a big role in driving growth in the number of high net worth individuals in Asia, according to a Hong Kong-based analyst.

Amar Gill, head of special projects research at brokerage and investment group CLSA Asia-Pacific Market, told CampdenFB that family businesses will account for only around 20% to 30% of new wealth created over the next four years.

September 2, 2011

The global economic crisis has left Asian consumers increasingly mistrustful of foreign banks, with many preferring to use local institutions, according to new research from McKinsey. 

The global economic crisis has left Asian consumers increasingly mistrustful of foreign banks, with many preferring to use local institutions, according to new research from McKinsey.

The study, published in the latest McKinsey Quarterly, comes at the same time as many multinational banks are focusing heavily on growing their presence in Asian markets, amid a rise in the number of wealthy individuals in the area.

Click here >>
Close