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Philanthropy

August 6, 2010

Hutchison Whampoa, the Hong Kong-based company controlled by Li Ka-shing, announced better than expected results for the first half of 2010 on the back of growth in its ports, property and retail businesses and smaller than predicted losses in its mobile phone operations.

Hutchison Whampoa, the Hong Kong-based company controlled by Li Ka-shing, announced better than expected results for the first half of 2010 on the back of growth in its ports, property and retail businesses and smaller than predicted losses in its mobile phone operations.
 
The group's profits were up 12% to HK$6.5 billion compared with the same period last year, while losses in the 3G mobile phone business showed an 82% fall, shrinking to HK$998 million, compared with HK$5.5 billion for first half of 2009.

June 28, 2010

The latest edition of Campden FO, the magazine dedicated to the global family office community, is now available. There are two areas of focus to this issue: tax and family offices in Asia.

The latest edition of Campden FO, the magazine dedicated to the global family office community, is now available. There are two areas of focus to this issue: tax and family offices in Asia. Click here to go straight to the issue.

June 18, 2010

James Stowers Jr built a multibillion dollar business, survived cancer and established a world-class medical research facility. He explains to Marc Smith why he decided to give back something more valuable than money.

James Stowers Jr built a multibillion dollar business, survived cancer and established a world-class medical research facility. He explains to Marc Smith why he decided to give back something more valuable than money.

June 10, 2010

Francois-Henri Pinault, the second-generation chairman and CEO of the family-owned luxury group PPR, last night awarded three fellowship grants to social entrepreneurs through the company’s Foundation for Women’s Dignity and Rights.

Francois-Henri Pinault, the second-generation chairman and CEO of the family-owned luxury group PPR, last night awarded three fellowship grants to social entrepreneurs through the company's Foundation for Women's Dignity and Rights.

May 20, 2010

It is not only the world’s leading business and financial families that require the use of a family office; one of America’s most successful entertainment stars has this week announced that she is creating her own single family office, writes Katie Baker.

It is not only the world's leading business and financial families that require the use of a family office; one of America's most successful entertainment stars has this week announced that she is creating her own single family office, writes Katie Baker.

May 17, 2010

Lee Kun Hee, the second-generation chairman of Samsung Electronics, became South Korea’s richest man in terms of stock ownership after the listing of Samsung Life Insurance Co last week.

Lee Kun Hee, the second-generation chairman of Samsung Electronics, became South Korea's richest man in terms of stock ownership after the listing of Samsung Life Insurance Co last week.

Based on the closing price after the IPO, stocks owned by Lee were valued at $10.71 billion making him the country's richest man, according the Chaebul.com, a specialist website that collates information on the country's family-owned conglomerates.
 

May 5, 2010

Many business owners like to claim they are socially responsible, but according to Sonia Tsao, fifth-generation family member of Singapore-based conglomerate The IMC Group, it is the next generation who should be the flag bearers for this movement.

Many business owners like to claim they are socially responsible, but according to Sonia Tsao, fifth-generation family member of Singapore-based conglomerate The IMC Group, it is the next generation who should be the flag bearers for this movement.

April 28, 2010

At the World Economic Forum in Davos in 2008, Bill Gates coined the term “creative capitalism”. In Asia, the family-owned business must be a critical part of the creative capitalism debate, writes Christian Stewart

At the World Economic Forum in Davos in 2008 Bill Gates coined the term "creative capitalism", writes Christian Stewart. 

March 31, 2010

As we reported last week, family businesses were very well represented in a list of the world’s most ethical companies. But what defines an ethical company and how can family businesses – traditionally seen as being inherently socially responsible – improve what they do in this field, asks Marc Smith

As we reported last week, family businesses were very well represented in a list of the world's most ethical companies (click here to read our coverage of the story).

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