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Asia Pacific Focus  

Asia Pacific leads world in creating wealth


Asia Pacific leads world in creating wealth

The Asia Pacific region houses a higher proportion of High Net Worth Individuals (HNWIs) than any other region on earth.

The claim is part of the World Wealth Report prepared by Merrill Lynch which studied wealth effects in seventy one countries, which account for 98% of global gross income and 99% of world stock market capitalization.

The asset wealth calculations in the report are derived from private equity holdings (at book-value), publicly listed equities, bonds, funds, and cash deposits. They do not take account of consumables, consumer durables, privates homes used as principal residences or collectibles.

The 2009 World Wealth Report estimates that in 2008 the number of HNWIs reduced by nearly 15%. Th ... more


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Saturday 28th January, 2012

  • Joint US, South Korea military exercises soon

      Joint US, South Korea military exercises soon

    Asia Pacific News.Net

    SEOUL - The United States and South Korea are to hold annual military exercises on the Korean peninsula soon, the first since the recent change of leadership in North Korea. There had been ...

    • Committed to expanding cooperation with Africa, says China

    Asia Pacific News.Net

    China will steadfastly strengthen its cooperation with African countries, a top Chinese official said ahead of his visit to Ethiopia. Jia Qinglin, chairman of the National Committee of the Chinese ...

    • Apple vows to 'dig deeper' into problems of inhumane working conditions in Chinese factories

    Asia Pacific News.Net

    Apple's chief executive Tim Cook has vowed to dig deeper into complaints about its factories in China having harsh and poor working conditions to manufacture iPhones, iPads and computers. In an ...

  • Australia warns cricket superpowers after 4-0 Test series demolition of India

    Asia Pacific News.Net

    Australian captain Michael Clarke today said that his team has sent out a message to the superpowers of world cricket with their 4-0 Test series demolition of India. Chasing a world-record target ...

  • Australia joins S. Africa in ICC Test ratings, but still ranked 4

    Asia Pacific News.Net

    After securing a series whitewash against India, Australia has joined South Africa on 111 ICC rating points, but is ranked number four. Australia will stay in fourth position when ratings are ...

  • Australia crush India by 298 runs in Adelaide Test, complete 4-0 whitewash

    Asia Pacific News.Net

    India on Saturday slumped to their second successive overseas series whitewash after losing the fourth and final Test against Australia at the Adelaide Oval here by a humiliating 298 runs. Chasing ...

  • India drop to third place in ICC Test rankings

    Asia Pacific News.Net

    India dropped a place to the third spot in International Cricket Council (ICC) Test rankings after their humiliating 0-4 whitewash by Australia in the Border Gavaskar Trophy that concluded here ...

  • India loses Adelaide Test -- another 0-4 whitewash

    Asia Pacific News.Net

    India suffered another 0-4 whitewash in seven months, losing the fourth and final Test against Australia by a massive 298 runs at the Adelaide Oval here Saturday. The defeat was very much on the ...

  • Final scoreboard: India vs. Australia, Fourth Test

    Asia Pacific News.Net

    The final scoreboard of the fourth and final cricket Test between India and Australia at the Adelaide Oval here Saturday: Australia first innings: 604/7 declared India first innings: ...

  • Moderate quake hits Japan

    Asia Pacific News.Net

    An undersea quake measuring 5.6 on the Richter scale Saturday struck near the eastern coast of Honshu island in Japan, the US Geological Survey said. The tremor occurred at 0022 GMT at a depth of ...

  • Hundreds battle forest fire in China

    Asia Pacific News.Net

    More than 800 firefighters, policemen and villagers were battling to put out a raging forest fire that broke out in the mountains in southwest China. The inferno broke out around 4.30 p.m. Friday ...

  • UN official surveys typhoon damage in the Philippines

    Asia Pacific News.Net

    The head of the United Nations office dedicated to disaster risk reduction wrapped up her visit to the Philippines today by comparing the damage caused by Typhoon Sendong to that of major tsunamis ...

  • Apple launches probe into unsafe factory conditions in China

    Asia Pacific News.Net

    Technology giant Apple has launched a probe into a report that said factories in China that manufactured its products employed child labour and had 24-hour working days and unsafe conditions, a ...

  • Team not embarrassed, hoping to fare better in ODIs: Ashwin

    Asia Pacific News.Net

    India off-spinner Ravichandran Ashwin admitted that nothing went the team's way in the Test series against Australia and hoped a for a better performance in the limited overs format starting with ...

  • Oz adventurers complete South Pole trek unassisted in 89 days

    Asia Pacific News.Net

    Two Australian adventurers have completed their trek from the edge of Antarctica to the South Pole and back in 89 days on Jan 26, which also happened to be Australia Day. James Castrission and ...

  • Dairy sales keep New Zealand trade in surplus

    Asia Pacific News.Net

    Record high values for New Zealand dairy products and increased exports, particularly to Australia and China, maintained New Zealand's trade surplus for a third straight quarter during ...

  • India 166/6 at stumps

    Asia Pacific News.Net

    India were 166 for six in the second innings, chasing a target of 500, at stumps on the fourth day of the fourth and final cricket Test against Australia at the Adelaide Oval here ...

  • Deep racism very much alive in Australia: Ex-Governor General

    Asia Pacific News.Net

    Former governor-general Peter Hollingworth has branded Australia Day celebrations as an excuse for a booze-up, adding that they all are racist deep down. Dr Hollingworth said positives of the day, ...

  • Sehwag smashes fifty, India 92/2 at tea

    Asia Pacific News.Net

    Virender Sehwag threw his wicket away after making a quickfire 62, leaving India at 92 for two in their second innings at tea on day four of the fourth Test against Australia here Friday. Australia ...

  • Companies have no choice but to be in India: Ashwani Kumar

    Asia Pacific News.Net

    India and China will emerge as the only destinations for companies seeking business as Asia will lead the world economic growth in the coming decade, India's Minister of State for Planning Ashwani ...

  • US concerned about fate of Uighurs in China

    Times of Oman

    US: The US State Department said Friday it is trying to confirm with Beijing reports it has sentenced to death some of the 20 Uighurs who were deported from Cambodia in 2009."We are concerned ...

  • The china question: Should I use it for dinner parties?

    The Globe and Mail

    In the six years we’ve been married, my husband and I have used the china we got for our wedding just twice, and both times were when his grandmother came for dinner. I want to use it for ...

  • Japan, Russia to boost economic, security ties

    San Diego Union-Tribune

    TOKYO -; The foreign ministers of Japan and Russia have agreed to strengthen economic and security cooperation but made no progress on resolving a long-standing territorial dispute over islands off ...

  • Australia crush India to sweep series

    SBS

    The Australian team pose with the Border-Gavaskar Trophy after winning the series 4-0 against India in Adelaide January 28, 2012. REUTERS/Brandon Malone ADELAIDE (Reuters) - Resurgent Australia ...

  • Cricketers say no corruption in Australia

    SBS

    The inaugural players' poll in February's edition of Inside Cricket magazine asked several questions including whether players feel spot-fixing is a problem in Australia's domestic ...

  • Japan scouts investment opportunities in Bengal

    New Kerala

    Kolkata, Jan 27 : A business delegation from Japan visited Kolkata on Friday where they held talks with the state authorities, expressing interest in investment possibilities in sectors such as ...

  • Murray leaves Australia confident despite loss

    MSNBC

    MELBOURNE, Australia (AP) -Andy Murray prepared to fly out Saturday to return to his London home for the first time in nearly two months, defeated in the Australian Open semifinals but not deflated ...

  • Russia and Japan will exchange opinion on prospects for concluding a peace treaty

    Itar Tass

    TOKYO, January 28 (Itar-Tass) - Japanese Foreign Minister Koichiro Gamba favoured on Saturday the development of relations with Russia in all spheres as a partner in the Asia-Pacific ...

  • Taiwan official to be deported in US maid case

    Channel News Asia

    CHICAGO: A Taiwanese official who pleaded guilty to mistreating two housekeepers brought from the Philippines to work in her Missouri home will soon be deported, a judge ruled Friday.Liu ...

  • Solar Outlook Boosts N.Y. Index to 4-Month High: China Overnight

    Bloomberg BusinessWeek

    Jan. 28 (Bloomberg) -- Solar stocks drove Chinese companies traded in the U.S. to a four-month high, after panel manufacturers said the country may double installations this year as the government ...

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