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Deal maker Li Ka-shing and son Victor push CK Hutchison group of companies to the top of the league for advisory fees in Asia

Li Ka-shing, the Hong Kong tycoon known affectionately as “Superman” for his deal making prowess, was the biggest patron of investment banks and takeover consultants, with his flagship companies paying as much as US$126.9 million in fees in the past five years, according to a report by data provider Dealogic.The two listed flagships, CK Hutchison and sister company CK Asset Holdings, chaired by Victor Li Tzar-kuoi who took up the roles after his father retired in May last year, together with… Source link

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Singapore 

Man scammed minutes after ignoring advisory on credit-for-sex scams, Singapore News

The police had physically handed him an advisory warning of credit-for-sex scams, but he ignored it and was scammed within minutes. The man, who wanted to be known only as Mr Tan, said he was browsing through online classifieds on March 12 when he came across someone claiming to provide sexual services. Speaking to The New Paper yesterday in an interview arranged by the Singapore Police Force, Mr Tan, 27, who works in construction, said he contacted the “lady” through WeChat after finding the post on Locanto. “She claimed to…

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Vietnam 

Financial-monetary advisory council meets to assess growth – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Deputy Prime Minister Vương Đình Huệ speaks at a meeting of the National Advisory Council on Financial and Monetary Policies. — VNA/VNS Photo Văn Điệp HÀ NỘI — The National Advisory Council on Financial and Monetary Policies met on Thursday to assess economic growth in the first quarter of the year and determine factors that may affect growth in the remaining months of the year, including obstacles to the banking and financial sectors. A report…

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Vietnam 

VinaCapital Ventures names Việt Nam-born former German vice chancellor advisory board chairman – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — VinaCapital Ventures, the technology investment company of VinaCapital, on Friday announced the appointment of Dr Philipp Rosler, former German vice chancellor, as the chairman of its advisory board. Rosler will provide counsel to both VinaCapital Ventures and its investees. Born in Sóc Trăng Province, he was adopted at a young age and grew up in Germany. In 2011 he became vice chancellor and minister of economics and technology, and became actively engaged with and promoted the start-up community. He was…

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Encourage Hong Kong employees to raise voluntary MPF contributions with tax incentives, says advisory body

Employees contributing to Hong Kong’s Mandatory Provident Fund should be given tax incentives to encourage them to increase their contributions, according to a report released by the Financial Services Development Council on Thursday. This will help plug the gap between contributions and retirement needs. While employers in the city are entitled to tax deductions on up to 15 per cent of an individual employee’s total pay in a tax year, employees are not offered any such incentives. Only their mandatory contributions are tax deductible. Hong Kong’s compulsory provident scheme makes…

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Hong Kong looks to hire an executive director to lead a team for FSDC’s expanded advisory role in city’s financial services

Hong Kong’s Financial Services Development Council, the brain child of the city’s previous chief executive, is looking to hire an executive director to lead a team from a rented office in Central as it expands its advisory role, according to two people familiar with the situation. The FSDC, funded by an annual budget of HK$32 million (US$4 million), will rent an office in Central in April, and hire about a dozen staff to assume its role, the people said, declining to be named for speaking about a policy matter that…

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Vietnam 

Financial advisory council to the Government told to focus on science-technology – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Deputy Prime Minister Vương Đình Huệ asked members of the National Financial and Monetary Policy Advisory Council to view science-technology as a ‘driver of growth’ rather than just an academic subject in its policy development process. Deputy PM Huệ, who served as the advisory council’s chair, made the request at the first quarter meeting held on Saturday. He asked the council’s members and scientists to “contribute their knowledge” to the Government’s building of socio-economic development strategy over the next 10 years. At…

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Vietnam 

PM works with advisory team on 2019 growth targets – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Prime Minister Nguyễn Xuân Phúc and his economic advisory team discussed measures to tackle shortcomings and realise the 7-per cent growth target set for 2019 at a session in Hà Nội on Saturday.— VNA/VNS Photo Thống Nhất HÀ NỘI — Prime Minister Nguyễn Xuân Phúc and his economic advisory team discussed measures to tackle shortcomings and realise the 7-per cent growth target set for 2019 at a session in Hà Nội on Saturday. According to the team, the…

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Singapore 

HSA issues advisory on mahogany seeds, or ‘sky fruit’, after 7 cases of liver injury reported, Singapore News

SINGAPORE – There have been seven cases of liver injury reported in recent years that are suspected to be linked to eating mahogany seeds, which are more commonly known as sky fruit. The Health Sciences Authority (HSA) said it received these reports over the past three years, where patients had liver injuries ranging from mild liver function impairment to liver failure. These seven patients, who are in their 40s to 70s, had eaten the mahogany seeds in both raw form and in capsules. Five of them were hospitalised, HSA said in…

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