Five years ago, Alex Ypsilanti wanted to take on a new set of challenges in his career, so he set his sights on starting a robo-advisory firm.

At the time, he was managing director and head of quantitative and derivative strategies at Morgan Stanley in Hong Kong. He was responsible for ...

Fintech: Combining quant and tech to deliver solutions

The proposed Employment Insurance System (EIS) — which aims to provide allowances to those who lose their jobs — is not expected to be a huge burden to private sector employees, say financial planners. However, it depends on how the system is implemented and run. 

“This will be an ...

Insurance: Proposed EIS not expected to be a huge burden

Every year, there are at least three million cases of preventable death in the global healthcare system, caused by various types of risks. These risks not only threaten to impact the bottom line of healthcare providers but also the medical costs of patients.

To mitigate this issue, more...

Health is Wealth: Lowering healthcare costs with risk management

Even if you have a will, the distribution of your estate can be a challenging task if your beneficiaries do not agree on how to go about it.

Last month, this scenario played out when the younger children of Singapore’s founding father, the late Lee Kuan Yew, took to social media to expr...

Estate planning: Lessons from 38 Oxley Road

A combination of technology-driven service efficiency and personalised face-to-face client interaction will emerge as the desired form of wealth management for most ultra-high-net-worth individuals (UHNWIs), according to the World Ultra Wealth Report 2017.

For many UHNWIs with complex a...

Trends: UHNWIs prefer hybrid wealth management channels

In the traditional insurance business, unclaimed money in the premium pool translates into profit for the insurer. This is not a fair and transparent system, says Bandboo co-founder and CEO Ashley Kee.

“When unclaimed premiums turn into the underwriting profit of insurance companies, pe...

Insurance: P2P model offers a more transparent system

Robo-advisers are forecast to take at least 15% market share of the Asian wealth management industry in the next seven years. Platform providers highlight the innovations that are driving the industry forward and debunk common myths about the financial technology.

 

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Cover Story: The digital wealth tsunami

International fund transfers between banks take one to five days to be completed. The wait time, coupled with the high cost of remittance, can be seen as a hassle to those who frequently transfer money across borders. 

E-commerce enthusiast and cross-border shopping expert Tom Tang...

Fintech: Bringing down remittance cost

Quantitative trading used to be an investment tool limited to institutional investors with deep pockets such as hedge fund managers. But today, it is being developed by other market players for sophisticated retail investors due to the many advantages it brings. 

Tixguru founder an...

Fintech: Liberalising quant trading for retail investors

Investors should hold a balanced portfolio consisting of equities, bonds, alternative investments, gold and cash this year, says Datuk Kong Sooi Lin, CEO of CIMB Investment Bank Bhd and group head of CIMB Private Banking.

“We advocate not taking large bets this year on any particular as...

Banking: Go for a balanced portfolio, says CIMB Private Banking

(April 23): Shell Plc and TotalEnergies SE are among several global energy companies in talks to buy stakes in Abu Dhabi National Oil Co’s (Adnoc) next liquefied natural gas (LNG) export project in the United Arab Emirates (UAE).

Shell, TotalEnergies in talks for stakes in Adnoc LNG plant

Bursa Malaysia continued its upbeat momentum to end higher for the fifth consecutive day on Tuesday, thanks to buying from local and foreign institutions, said an analyst.

Bursa ends higher on buying support from local and foreign institutions

Commodities look like a “win-win” for investors as climbing prices reflect vigorous economic growth, according to veteran analyst Jeff Currie.

Commodities are a ‘win-win’ with US$100 oil in sight, Carlyle’s Currie says 

Solomon Islands faces a tense wait for an election result after opposition parties pulled ahead of incumbent Prime Minister Manesseh Sogavare's OUR party, as counting on Tuesday showed independents will be key to forming government.

Solomon Islands faces tense wait for election results

(April 23): Singapore’s core inflation eased in March on lower food prices and cost of services, with the disinflationary trend expected to continue, barring any supply shocks from geopolitical tensions.

Singapore’s inflation cools in March as central bank retains 2024 forecast

Deputy Prime Minister Datuk Seri Fadillah Yusof expressed hope that there would be no speculation surrounding the mid-air collision and crash involving two helicopters at the Royal Malaysian Navy (TLDM) base here on Tuesday.

Fadillah says avoid speculation on helicopter crash and to respect victims' families

KUALA LUMPUR (April 23): Malaysia has emerged as the most significant country within Asean for businesses to venture into, as shown by the UOB Business Outlook Study 2024 (SMEs & Large Enterprises).

Malaysia emerges as prime destination for Asean biz expansion — UOB study

Apple's smartphone shipments in China tumbled 19% in the first quarter of the year, the worst performance since 2020, as its dominance in the high-end segment came under pressure from Huawei's new product launches, market data showed.

Apple's 1Q smartphone shipments in China tumble 19%, data shows

German police have arrested an assistant to a European Parliament member on suspicion of "an especially severe case" of espionage for China, prosecutors said on Tuesday, appearing to refer to a staffer for the far-right Alternative for Germany.

Germany arrests EU parliamentary staffer on China spying charges

Global shares rose on Tuesday, driven by a recovery on Wall Street, where investor focus is pinned on earnings reports from the US megacaps, while the yen hit a new 34-year low against the dollar, prompting a warning from Japanese officials.

Stocks gear up for Big Tech earnings; yen toys with danger zone 

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 23)

Ten members of the Royal Malaysian Navy (RMN) were confirmed dead in an incident where two helicopters collided and crashed at the Royal Malaysian Navy (RMN) base in Lumut, Perak on Tuesday morning.

Two helicopters crash in Lumut, 10 confirmed killed — RMN

Shares of Topmix Bhd surged 32% in its trading debut on Tuesday after the surface decorative products company’s initial public offering (IPO) on the ACE Market raised RM31.7 million.

Topmix surges 32% on ACE Market debut

Healthcare stocks still have legs to run following the recent rally and investors should continue to buy hospital operators for their further earnings growth this year, analysts said.

KPJ near record high, IHH surges as analysts bet on more upside

Eight contractors face possible Malaysia Competition Commission (MyCC) fines for alleged bid rigging in 2019, in respect of two tenders of the Public Works Department (JKR) and one tender of the Department of Drainage and Irrigation.

Eight contractors face possible MyCC fines for bid rigging in tenders worth RM473m

Malaysia’s construction tender prices are&nbsp;expected to grow by 3% in 2024, compared to the previous year, driven by various factors such as project type, industry procurement strategy and currency fluctuations, according to a report by global professional services company Turner &amp; Townsend.

Malaysia’s construction tender prices to grow by 3% in 2024, says Turner & Townsend

Indonesian President Joko Widodo and his son, incoming vice-president Gibran Rakabuming Raka, are no longer members of the country's largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said on Tuesday.

Indonesia's biggest party confirms President Jokowi no longer a member after backing Prabowo

Former Umno Supreme Council member Hizatul Isham Abdul Jalil or better known as Isham Jalil has offered to make an unreserved apology to bring an end to his contempt of court proceedings.

Ex-Umno leader ready to apologise in contempt of court case

Swatch Group (M) Sdn Bhd&nbsp;said the seizure of its 172 rainbow-themed watches had caused much grief to its international reputation, as the renowned Swiss watch maker had always been dutiful citizens of any state where the watches were sold.

Swatch says advocating compassion for LGBTQ is not a crime, seizure illegal

ATX Semiconductor Group, a globally renowned semiconductor provider from China, intends to ramp up investment to US$200 million (RM952 million) for its new manufacturing plant in Melaka over the next five years for its second-phase business expansion.

ATX Semiconductor to boost investment in Melaka to RM952m

Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China.

China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is still in the pre-qualification stage for the acquisition of national carrier SriLankan Airlines.&nbsp;

However, AirAsia Consulting has yet to submit any price bid since due diligence has not been carried out, its chief executive officer Subashini Silvadas told The Edge on Tuesday.

Capital A’s unit in RFQ process for SriLankan Airlines, no price bid yet

Datin Seri Rosmah Mansor's appeal against her guilty conviction and sentence over all three counts of graft pertaining to the RM1.25 billion solar hybrid project for 369 rural schools in Sarawak will be heard in October.

October hearing for Rosmah's appeal in solar project graft trial

Hong Leong Investment Bank (HLIB) has a “trading buy” rating on SDS Group Bhd and said with 33 of its F&amp;B outlets situated across Johor state, and a wholesale segment that is focusing in this region, SDS appears strategically positioned to leverage the burgeoning vibrancy in Johor, propelled further by the continuous influx of visitors from Singapore.

SDS strategically positioned to leverage burgeoning vibrancy in Johor, says HLIB 

Moomoo Malaysia, an online trading platform, garnered 100,000 clients within six weeks of its launch, making it one of the most downloaded financial mobile applications in Malaysia.&nbsp;

Moomoo Malaysia surpassed 100,000 clients within six weeks of its debut in Malaysia

Malton Bhd has unveiled the final tower (Block B) of River Park, following the successful launch of its previous Tower A and Tower C blocks with more than 70% take-up rate.

Malton unveils River Park's final tower

The two helicopters which collided and crashed at the Royal Malaysian Navy (RMN) Base were undergoing a rehearsal for the third time in conjunction with RMN Fleet Open Day celebration scheduled on Saturday (April 27).

RMN helicopters involved in third rehearsal before incident — Khaled Nordin

Bursa Malaysia opened higher on Tuesday, taking its cue from Wall Street’s better performance overnight, as sentiment improves after Iran said it will not escalate the conflict with Israel, said an analyst.

Bursa up in early trade, tracking Wall Street overnight

CONSTRUCTION firm GDB Holdings Bhd — which has been embroiled in disputes with KSK Group in the last two years over the development of the 8 Conlay project in Kuala Lumpur — appears to be back on investors’ radar, judging by the recent upward trend in its share price.

According to marke...

GDB Holdings a front runner for several jobs

Rakuten Trade has a “buy” rating on ACE Market-bound surface decorative products company Topmix Bhd at an initial public offering (IPO) price of 31 sen, with a fair value of 40 sen based on financial year 2024 (FY2024) forecast price-earnings (PE) of 15x, in line with industry peers.

Maxine Yong

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Maxine Yong

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