Wealth (October 2019)

SPOTLIGHT

Card power

FOR the proverbial red carpet treatment, you need look no further than a luxe credit card. It seems there is almost nothing the concierge team behind a luxe card - on call 24/7 - can't do. Or, at least they try very hard.

WHO says a credit card is just that and nothing else?

AT THE HELM

CORTINA Holdings has never lost money - not even in the dark days of the SARS outbreak and the Great Recession. ''From the day we were listed, we've not been in the red - and we hope to maintain that trend,'' says the homegrown watch retail chain's chief operating officer Jeremy Lim.

TRUSTED ADVISER

THE thought provoking issues of family succession, legacy and governance occupy Asian families who are clients of LGT Private Banking, says Lim Ping Ping, LGT Asia head of wealth planning.

LEGAL VANTAGE

SINCE the European housing crisis in 2008, the Italian high-end real estate residential market is booming thanks to recent tax reforms that the Italian government put in place to attract foreign ultra high net worth individuals.

ASSET MANAGER

OVER the past couple of years, investing for impact has gained traction, as more investors seek avenues for their investments that not only generate financial returns but also yield a social and/or environmental good.

BUSINESS FAMILY INSIGHTS

AN OWNER of a family business typically engages in succession planning at a fairly late age, perhaps in his or her 60s or even 70s. But Derrick Yap, chief executive of PBA Group, has been grappling with the issues germane to succession planning since his mid-30s. He recently turned 40.

SUSTAINABILITY

FOR centuries, people have been drawn to cities as hubs of trade, jobs, services, education, finance and culture. Today, they are home to more than half the world's population. And this is set to increase to 70 per cent by 2050 and 80 per cent by 2080.

CLEAN ENERGY

IN ASIA Pacific, directing capital towards socially responsible investments has historically been seen as a philanthropic endeavour rather than as a tool for portfolio optimisation. This mindset was supported by the belief that the health of the planet does not impact the wealth in your wallet.

ROUNDTABLE

The strong appetite for yield coupled with risk aversion have pushed segments of the global fixed income asset class into negative yield territory. Yet fixed income remains one of the best performing asset classes year-to-date. Our panellists share with us their outlook for bonds and the segments they find most attractive

LIFESTYLE

IF YOU are looking for a luxurious beach holiday just a short hop from Singapore, Desaru could soon be just what you are looking for. Being accessible by road and ferry, a Desaru vacation avoids all the hassle accompanying air travel. Admittedly, few Singaporeans would consider Desaru to be a destination that conjures up images of luxury and extravagance. This, however, is about to change.