#38(2024.10.4)"Singapore's boom in family offices"

Key developments in Asia include Japan Airlines hiring Filipino flight attendants due to rising travel demand. The Hong Kong art market faces challenges with a disappointing Van Gogh auction amid a slow economy. In Singapore, the remarkable rise of family offices is discussed, driven by regional wealth and enticing tax benefits. There's a surge from 400 to about 1,600 family offices recently, especially among affluent Chinese families. The balance between regulatory scrutiny and maintaining Singapore's appeal as a financial hub is also explored.