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Zen Chong
Dec 6, 20242 min read
Singapore’s Billionaires Reach 47 in 2024, 66% Are Self-Made
A chart depicting wealth growth percentages and billionaire numbers by region. In the past year, the total wealth of billionaires in...
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Zen Chong
Nov 25, 20242 min read
MAS Strengthens Anti-Money Laundering Measures with New Single-Family Office Framework
Singapore Emerges as a Key Global Hub for Single-Family Offices (SFOs) Singapore has become a favored destination for...
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Zen Chong
Nov 21, 20242 min read
Global Billionaires Worry About Tax and Political Changes, Singapore Becomes a Top 'Safe Haven'
In 2024, global wealthy families are prioritizing taxation and political stability like never before. According to the Julius Baer Family...
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Zen Chong
Nov 14, 20241 min read
Singapore Ranks First in World Digital Competitiveness 2024
In a remarkable achievement, Singapore has claimed the top spot in the World Digital Competitiveness Ranking (WDCR) 2024, advancing two...
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Zen Chong
Nov 2, 20242 min read
Singapore's Startup Ecosystem Ranked 7th Globally, Leading Asia
With its vibrant, business-friendly environment and strategic geographical access to Asian markets, Singapore has ranked first in Asia's...
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Zen Chong
Aug 23, 20242 min read
Asia-Pacific Family Offices Lead Global Equity Investment Trends
In today's rapidly changing financial markets, family offices in the Asia-Pacific region are demonstrating unique investment strategies....
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Zen Chong
Aug 8, 20241 min read
New Requirements for Family Office Tax Incentives in Singapore
Starting from October 1, 2024, family offices managing funds in Singapore must submit background check reports provided by screening...
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Zen Chong
Jul 31, 20243 min read
Singapore Attracts $160 Billion in Foreign Investment, Ranks Third Globally
Singapore attracted $160 billion (approximately S$215 billion) in direct foreign investment last year, marking a 13% increase from 2022....
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Zen Chong
Jul 18, 20242 min read
More Taiwanese Tycoons Relocating Wealth to Singapore with 20-30% Annual Increase
Singapore stands out as a "calm oasis" of stability in an increasingly uncertain geopolitical environment. Several wealth management...
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Zen Chong
Jul 15, 20241 min read
Singapore's Millionaire Population Set to Grow by 42,000 by 2028
As Singapore's wealth continues to grow, so does the gap between the rich and the poor. According to the UBS "Global Wealth Report 2024"...
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Zen Chong
Jun 14, 20243 min read
Singapore Tightens Scrutiny on Family Offices: Latest Information Required by End of June
Singapore is intensifying its scrutiny of family offices, requiring them to submit up-to-date information by the end of June and...
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Zen Chong
May 17, 20241 min read
Singapore Tops Global Government Efficiency Rankings for Second Consecutive Year Led by Strong Leadership, Institutional Capacity, and Market Appeal
Despite a slight decline in its financial governance performance, Singapore has once again clinched the top spot in the global government...
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Zen Chong
May 16, 20244 min read
Surging Travel and Fixed Deposit Demand - Singapore's Foreign Currency Deposits Break the SGD 1 Trillion Mark
The Singapore banking system has witnessed a historic breakthrough as foreign currency deposits have exceeded the SGD 1 trillion...
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Zen Chong
May 8, 20241 min read
The number of millionaires in Singapore has surged by 64% over the past 10 years.
According to the latest "2024 Emerging Trends: Real Estate in the Asia-Pacific Region" report released by the London-based investment...
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Zen Chong
Apr 3, 20244 min read
Rising Application Threshold and Operating Costs: Singapore's Family Office Landscape May Be Reshuffled
The increasing threshold for setting up new family offices and the rising operating costs may lead to a reshuffling of the family office...
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Zen Chong
Mar 31, 20242 min read
Report: Singapore Rises to 6th Place in Global City Resilience
According to the latest annual "Resilient Cities Index" released by Savills, Singapore has risen to be the sixth most resilient city...
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Zen Chong
Mar 21, 20242 min read
Singapore Rated as the Best Business Environment Globally for 16 Consecutive Years and Expected to Retain the Title for the Next Five Years
For 16 consecutive years, Singapore has topped the Business Environment Rankings by the Economist Intelligence Unit (EIU), and it is...
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Zen Chong
Mar 10, 20242 min read
Number of Ultra-High-Net-Worth Women in Singapore Continues to Rise
Last year, there were 43,457 ultra-high net worth individuals (UHNWIs) globally who were women, with 337 female billionaires. Although...
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Zen Chong
Feb 28, 20242 min read
Report: The Threshold for Singapore's Top 1% Wealth Club Reaches SGD 7 Million
If you have a net wealth of USD 5.227 million (SGD 7 million), you may be among the top 1% wealthiest in Singapore. Among the...
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Zen Chong
Feb 25, 20242 min read
Singapore Emerges as Preferred Destination for Multinational Corporations, Outpacing Hong Kong in the Number of Regional Headquarters
A recent report reveals that Singapore has become a more attractive destination for multinational corporations to establish their...
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