Last Friday, February 28, 2020, Philippine Airlines announced its decision to lay off approximately 300 employees in its aim to reduce its financial losses. The company’s decision was reportedly exacerbated by the recent events to hit the Philippines, namely,...
Initially issued last August and slated to take effect in October 2019, the Trump ‘wealth test’ for immigrants finally took off last Monday, February 24, 2020. The wealth test is expected to change and shape the course of immigration...
The world’s largest wealth fund has failed to entice women candidates for its currently open CEO position, said Bloomberg. It now has eight applicants for the position, one of whom is the current deputy chief. The fund, Norges Bank Investment...
Singapore’s biggest wealth fund Temasek has frozen the salaries of employees and partially cut the bonuses of senior management, as it braces for the coronavirus outbreak. Temasek is a state-owned firm, which manages S$313 billion investment money in the country....
Kestra Financial, a leading independent broker-dealer based in Texas, has expanded its business in the U.S. with the acquisition of Ivory Wealth Management, Inc., a privately-owned financial services firm in Essex, Connecticut. In a press release, Daniel Schwamb, Executive Vice...
An eight-page decision of the anti-graft court of the Philippines, Sandiganbayan, released February 13, 2020, once again dismissed the P102 billion case filed against the late dictator Marcos and his cronies. The appeal, coursed by the Philippine government via...
The General Aviation Manufacturers Association (GAMA) said on Wednesday that there is a strong market demand for the business jet, as the delivery of new models increased. According to the aviation body, the demand rose by 15 percent, recorded...
Billionaire and Amazon chief executive officer Jeff Bezos bought a $165 million Beverly Hills mansion, making a record-breaking purchase in the state of California. The mansion, called the Warner estate, was previously owned by David Geffen, a Hollywood mogul. According...
Insurance broker Brunel Group is now set to venture into the financing planning market with the launch of its new independent financial planning and wealth management firm, Brunel Wealth Ltd. In a press release, the insurance group said that the...
A study by Market research company Wealth-X revealed that the number of wealthy people in the world spiked in 2019. The firm told CNBC Make It that people who have net worths of $5 million to 430 million went...

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