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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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Join us on the new DiggFollow us on TwitterFollow us on Facebook Asia Pacific News Feed

Sunday 5th February, 2012

    • China regrets UNSC ignoring Russia's proposal on Syria draft

    Asia Pacific News.Net

    China Saturday voiced its regret that Russia's proposal on a Syria draft resolution was not taken into account by the other members of the UN Security Council. Li Baodong, China's permanent ...

    • US 'disgusted' by Russia, China veto on Syria resolution

    Asia Pacific News.Net

    US ambassador to the UN Susan Rice said she was "disgusted" by the Russian and Chinese veto on a UN Security Council resolution on Syria that urges President Bashar al-Assad to step down. Thirteen ...

    • Stepfather held in China for drowning kid

    Asia Pacific News.Net

    A man in southwest China has been detained for allegedly drowning his two-year-old stepdaughter in a washing machine to collect life insurance payouts. Wang Bin, from Chongqing city, had debts of ...

  • Pollution costing China dearly: Report

    Asia Pacific News.Net

    The cost of environmental damage soared to almost 1.4 trillion yuan ($222 billion) in 2009 in China, up 9.2 percent compared to the previous year, a report said. China has spent 3.8 percent of the ...

  • Merkel concludes China visit

    Asia Pacific News.Net

    German Chancellor Angela Merkel Saturday concluded her three-day visit to China. It was her fifth official visit to the country, Global Times reports. During her trip, Merkel met Chinese President ...

  • Kohli starts series as highest-ranked batsman

    Asia Pacific News.Net

    Virat Kohli will be the highest-ranked batsman in the ODI tri-series that starts Sunday with a clash between India and Australia in Melbourne. Kohli sits in third place of the rankings, 45 points ...

  • China paying heavy price for pollution brought by economic development

    Asia Pacific News.Net

    China is paying an increasing price for environmental and ecological damage brought about by rapid economic development, a report has claimed. According to the statistics released by China Green ...

  • China braces for big freeze

    Asia Pacific News.Net

    Temperatures in most parts of China will drop by up to 14 degrees Celsius in the next three days, further intensifying the cold front sweeping the country, the meteorological authority said ...

  • 13 dead in China mine blast

    Asia Pacific News.Net

    A coal mine gas explosion left 13 people dead in southwest China, authorities said Saturday. The blast took place at 1.20 p.m. Friday at Diaoyutai Coal Mine in Sichuan province, Xinhua reported. ...

  • China prepares two thirds of London 2012 souvenirs

    Asia Pacific News.Net

    A majority of the 2012 London souvenirs, including Union Jack-emblazoned tea cups, tea towels, crystal ware and fluffy toys are produced by workers abroad, mainly China. According to a Daily Mail ...

  • Ties with India, China no zero-sum game: US

    Asia Pacific News.Net

    Asserting that ties with India and China were not a zero-sum game, the United States has said it was strengthening its relations with both as part of its Asia pivot. "The United States is in the ...

  • China admits cutting Internet, phone access in areas rocked by violence against Tibetans

    Asia Pacific News.Net

    Chinese authorities have admitted to cutting off mobile phone and internet connections in areas where Tibetans were shot dead last month. In January, Tibetans rioted in the south-western province ...

  • Taiwanese man dies after 23 hours of gaming

    Asia Pacific News.Net

    A man from Taiwan was found dead after playing a computer game for 23 hours at an internet cafe. Police found the body of 23-year-old Chen Rong-Yu slumped in a chair at the cafe in the Taipei area ...

  • Australia works out on best 'blend of players' for T20 World Cup

    Asia Pacific News.Net

    Australia is working on finding the best blend of players for the upcoming Twenty20 World Cup in Sri Lanka this September. The Australian team utilized the two Twenty20 matches against India to ...

  • China axes incentives on motor companies

    Daily Nation

    China has withdrawn support for foreign investment in auto manufacturing under new rules that took effect on Monday, as it seeks to encourage the domestic industry in the world's largest car ...

  • Russia and China block Syria action

    Independent.ie

    The United Nations Security Council has failed again to take decisive action to stop the escalating violence in Syria as Russia and China blocked a resolution backing an Arab League plan for ...

  • China to conduct safety overhaul of high-speed trains

    Global Times

    Photo taken on Oct. 26, 2010 shows the carriage of the newly developed CRH380A high-speed train on the departure ceremony of the newly operated high speed railway from Hangzhou to Shanghai in ...

  • McCain slams China’s rights record

    Times Of India

    Barack Obama , did not stop at that. Backed by applause, he went on to sharply criticize Chinese Navy's "aggressive behaviour" in international waters, especially in the South China ...

  • New Tibetan self-immolations in China: report

    RTB News

    London-based group Free Tibet and US-backed Radio Free Asia said that three Tibetans set themselves alight Friday in a remote village in China's Sichuan province, with one dying and two others ...

  • Merkel, Wen talk trade during China visit

    UPI

    Chinese Premier Wen Jiabao said he hopes trade volume between China and Germany exceeds $200 billion this year. Wen's remarks came while talking with visiting German ...

  • China’s Economy May Face ‘Rough’ Landing, Singapore’s Lee Says

    Business Week

    Feb. 4 (Bloomberg) -- China’s economy may be headed for a "rough landing," Singapore Prime Minister Lee Hsien Loong ...

  • Online Game Stocks Boost Index as Tudou Surges: China Overnight

    Business Week

    Feb. 4 (Bloomberg) -- Shanda Games Ltd. and Perfect World Co. drove an index of Chinese U.S.-traded stocks to a seventh weekly gain, as the online game developers’ high cash levels and ...

  • Assad's forces free to bomb dissenters as Russia and China veto UN resolution

    The Independent

    Scores, possibly hundreds, of people are estimated to have been killed in Syria when President Assad's forces shelled homes in the opposition stronghold of Homs. The attack came on the eve of ...

  • Protests at NZ PM's Waitangi welcome

    News.com.au

    NEW Zealand Prime Minister John Key has been bustled into a car after a welcome onto the Te Tii Marae traditional meeting place in the Bay of Islands turned ugly on ...

  • Megaupload founder to try and get assets back

    News.com.au

    The 38-year-old Megaupload founder, who was again denied bail on Friday, will fight to get back millions of dollars seized in worldwide raids late last month.Papers have been filed in the Auckland ...

  • Japan's technology giants faced down disaster – but the new enemy is doubt

    The Guardian

    A new Japanese model? Hiroshi Mikitani, chief executive of up-and-coming e-retailer Rakuten, believes Japan's big industrial firms 'cannot keep doing what they have been doing.' ...

  • Close encounters with Filipino witches

    BBC

    Siquijor is one of more than 7,000 islands in the Philippines - it has tropical sun, white sand and an azure sea, but it is also famous for witchcraft. How do you go about looking for a witch? It ...

  • Did Mullah Omar write to Obama for prisoners’ release?

    Times of India

    Afghanistan . The unusual message kicked off a debate within the administration about whether it was truly authored by Omar - and its meaning for US efforts to forge a negotiated end to ...

  • Drought-hit Mars too dry for life, say British scientists

    Times of India

    Geophysical Research Letters journal reported. The three-year-long research found that the surface of Mars had been dry for such a long time that ...

  • Iran flexes muscles, begins military exercises in south

    Times of India

    Persian Gulf have been in the works for weeks. State media said that ground forces began maneuvers in southern Iran, but it was not immediately clear whether it was part of the planned naval ...

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