NEWSWORTHY

Philippines' richest man, Henry Sy, dies at 94

Asia Pacific Jan 19, 2019

Philippines' richest man, Henry Sy, dies at 94

The Philippines' wealthiest, man Henry Sy, who rose from being a penniless Chinese immigrant to leading a multibillion-dollar business empire, died on Saturday, his conglomerate has announced. The 94-year-old, from the Chinese city of Xiamen, made his fortune with a Philippine shopping-center conglomerate that has ...

Japan's superrich are getting richer under Abenomics

Business Dec 19, 2018

Japan's superrich are getting richer under Abenomics

The number of superrich households in Japan has almost doubled since 2011 to a record high, thanks to rising stock prices and an economic expansion, an indication that this segment of society has benefited from Abenomics. The number of households with net financial assets of ...

Mexican presidents' home opened to public for first time

World / Politics Dec 2, 2018

Mexican presidents' home opened to public for first time

Dazzled Mexicans filed into the opulent residence of their presidents on Saturday, when the new government threw open its doors in a highly symbolic moment one visitor likened to entering the Palace of Versailles in the French Revolution. Before leftist President Andres Manuel Lopez Obrador ...

Business / Economy Nov 10, 2018

Financial assets at households average ¥11.51 million

Financial assets at households of two or more members in Japan averaged ¥11.51 million in a 2018 survey, unchanged from the previous year, the Central Council for Financial Services Information has said. More responding families saw income growth on the back of wage and bonus ...

World Jun 3, 2018

U.N. special rapporteur says American poverty is deepening under Trump

Poverty in the United States is extensive and is deepening under the Trump administration whose policies seem aimed at removing the safety net from millions of poor, while rewarding the rich, a U.N. human rights investigator has found. Philip Alston, U.N. special rapporteur on extreme ...