Author: Aaron

  • Stanford Financial: Black Clouds Ahead?

    Financier Allen Stanford, the man famous for promoting grassroots cricket in the West Indies, finds himself in the spotlight once again – but this time the attention isn’t welcome. His Stanford Financial Group is facing a visit from regulators after doubts were raised over some of his best-selling financial products. Here’s an excerpt from a…

  • EU Executive Targets Bank Secrecy

    Every day it becomes increasingly more evident that investing offshore requires professional guidance. European Union states won’t be able to fend off tax evasion inquiries by hiding behind bank secrecy rules under a proposal to be adopted on Monday. The measure is part of wider EU efforts to snare people who exploit loopholes in rules…

  • Seychelles Liberalise Foreign Currency Dealings

    The Seychelles government has decided to remove all restrictions on foreign exchange dealings and has set up new regulations to allow the national currency (Rupee) to float, APA learns on Wednesday in the Seychellois capital Victoria. According to a communiqué issued by the Finance Minister Danny Faure, the decision has been taken following the approval…

  • Wealth Management Summit Tips

    During a Wealth Management Summit being held this week in Boston, Singapore and Geneva, private banking executives provided some investment tips. Jennifer Tay, Citi Private Bank, Asia-Pacific Head of Portfolio Counselling “We tell clients, markets are not going to stay down forever. There will come a time when you have very decent recovery and typically…

  • Offshore Business Workshop

    If you are an entrepreneur and thinking about doing business offshore, you are faced with a choice between an unincorporated branch operation, a foreign LLC or IBC or corporation that is treated as a foreign corporation for U.S. tax purposes or any of these entities that might be treated as either a disregarded entity or…

  • The Global Economy and OECD

    In a speech on the outlook for the world economy, OECD Secretary-General Angel Gurría spoke about the impact of the financial crisis and OECD’s work to produce a more inclusive globalisation. The financial system is a conveyor belt through which the economy works. And if the financial system is partially blocked or paralysed, as it…

  • Wealthy Investors Hoard Bullion

    Investors in gold are demanding “unprecedented” amounts of bullion bars and coins and moving them into their own vaults as fears about the health of the global financial system deepen. Industry executives and bankers at the London Bullion Market Association annual meeting said the extent of the move into physical gold was unseen and driven…

  • American Indonesian Chamber of Commerce

    New Date: Chicago Investor Briefing on Southeast Asia’s New Expanded Special Economic Zone (off Coast of Singapore) to be Held – Oct. 31, 2008 The Province of Riau Islands in cooperation with Baker & McKenzie, the American Indonesian Chamber of Commerce (AICC) and the Consulate General of the Republic of Indonesia in Chicago invite internationally-focused…