Reports of alleged imposters are cropping up more and more in the family office frenzy in Singapore and Hong Kong. The ultra wealthy use family offices to manage their finances and affairs.

Today on The Big Take Asia, host K. Oanh Ha speaks with Bloomberg investing reporter David Ramli about the secretive nature of the family office industry and why scammers are so hard to spot. Plus, she hears from Medway Investment board director Eric SayWei Neo about how people like him are becoming amateur detectives to try to weed out suspected imposters.

Reports of alleged imposters are cropping up more and more in the family office frenzy in Singapore and Hong Kong. The ultra wealthy use family offices to manage their finances and affairs.
Today on The Big Take Asia, host K. Oanh Ha speaks with Bloomberg investing reporter David Ramli about the secretive nature of the family office industry and why scammers are so hard to spot. Plus, she hears from Medway Investment board director Eric SayWei Neo about how people like him are becoming amateur detectives to try to weed out suspected imposters.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Understanding Asia is essential to understanding the global economy and the world of business. This region is home to the world's fastest-growing economies and is where the only real threat to the US superpower status will rise and is rising. Asia is a story of new guards, mounting power and in many cases, of unheard-of scale.



Every week, we will bring you the most important story from the region with an in-depth look at what happened, how we got here, and why this has financial and/or business ramifications across the globe.

Understanding Asia is essential to understanding the global economy and the world of business. This region is home to the world's fastest-growing economies and is where the only real threat to the US superpower status will rise and is rising. Asia is a story of new guards, mounting power and in many cases, of unheard-of scale.
 
Every week, we will bring you the most important story from the region with an in-depth look at what happened, how we got here, and why this has financial and/or business ramifications across the globe.

Big Take Asia

A New Breed of Scammer Is Targeting Asia's Ultra-Rich

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/36ce2759-4fab-4d70-9a91-b18c01576698/transcript

Four years after Beijing imposed a national security law on the city, Hong Kong continues to serve as an important financial hub connecting mainland China with the rest of the world. But beneath the surface, the consequences of the crackdown are far-reaching.

Today on the Big Take Asia, ahead of the 27th anniversary of Hong Kong’s handover to China, host K. Oanh Ha speaks with Bloomberg’s China editor Alan Wong about how Beijing is reshaping Hong Kong, its impact on the city’s residents and what that means for Hong Kong’s future.

Four years after Beijing imposed a national security law on the city, Hong Kong continues to serve as an important financial hub connecting mainland China with the rest of the world. But beneath the surface, the consequences of the crackdown are far-reaching. Today on the Big Take Asia, ahead of the 27th anniversary of Hong Kong’s handover to China, host K. Oanh Ha speaks with Bloomberg’s China editor Alan Wong about how Beijing is reshaping Hong Kong, its impact on the city’s residents and what that means for Hong Kong’s future.

How China Is Reshaping Hong Kong

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/32dce1ec-3b45-429a-9547-b19b01294dab/transcript

LVMH has a sprawling portfolio of brands synonymous with luxury: Christian Dior, Louis Vuitton, Fendi, Bulgari, Celine, Tiffany & Co., Hennessy and Veuve Clicquot. Its CEO, Bernard Arnault, almost never speaks to journalists and doesn’t have the name recognition of the likes of Jeff Bezos or Elon Musk, but regularly vies with them for the title of richest person in the world and has an almost impossible-to-measure influence over the business world.

Bloomberg Businessweek’s Brad Stone and reporter Angelina Rascouët recently landed a rare interview with Arnault, where they learned how he built his empire from the ground up. And they consider a burning question: At 75 years old with five grown children in the business, what are his plans for succession?

Read more: The House of Arnault

LVMH has a sprawling portfolio of brands synonymous with luxury: Christian Dior, Louis Vuitton, Fendi, Bulgari, Celine, Tiffany &amp; Co., Hennessy and Veuve Clicquot. Its CEO, Bernard Arnault, almost never speaks to journalists and doesn’t have the name recognition of the likes of Jeff Bezos or Elon Musk, but regularly vies with them for the title of richest person in the world and has an almost impossible-to-measure influence over the business world.
Bloomberg Businessweek’s Brad Stone and reporter Angelina Rascouët recently landed a rare interview with Arnault, where they learned how he built his empire from the ground up. And they consider a burning question: At 75 years old with five grown children in the business, what are his plans for succession?
Read more: <a href="https://www.bloomberg.com/features/2024-lvmh-bernard-arnault/">The House of Arnault</a>

Inside Bernard Arnault’s Business Playbook

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1977c363-67b0-4f1a-8024-b19a01707089/transcript

AI data centers are huge energy black holes, consuming as much energy as 30,000 homes – and their rapid growth is straining global grids. The numbers are astonishing: Sweden could see power demand from data centers roughly double over the course of this decade. In the UK, AI is expected to suck up 500% more energy over the next decade. And in the US, data centers are projected to use 8% of total power by 2030, up from 3% in 2022.

On today’s podcast, host David Gura and Bloomberg reporter Josh Saul discuss just what these insatiable AI data center power needs mean for local communities, energy prices, and efforts to switch to renewables to combat climate change.

Read more: AI is Already Wrecking Havoc on Global Power Systems 

AI data centers are huge energy black holes, consuming as much energy as 30,000 homes – and their rapid growth is straining global grids. The numbers are astonishing: Sweden could see power demand from data centers roughly double over the course of this decade. In the UK, AI is expected to suck up 500% more energy over the next decade. And in the US, data centers are projected to use 8% of total power by 2030, up from 3% in 2022.
On today’s podcast, host David Gura and Bloomberg reporter Josh Saul discuss just what these insatiable AI data center power needs mean for local communities, energy prices, and efforts to switch to renewables to combat climate change.
Read more:<a href="https://www.bloomberg.com/graphics/2024-ai-data-centers-power-grids/?srnd=homepage-americas&amp;sref=SCKvL4TY"> AI is Already Wrecking Havoc on Global Power Systems </a>

AI’s Insatiable Needs Wreak Havoc on Power Systems

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/9a4bb1aa-220c-4758-af70-b19901281469/transcript

A New Breed of Scammer Is Targeting Asia's Ultra-Rich

In 2 playlist(s)

Big Take

Social links

Follow podcast

Recent clips