Key developments: A recent poll shows that two‑thirds of Filipinos support a proposed wealth tax on the nation’s billionaires, reflecting growing public appetite for measures that curb extreme wealth concentration. At the same time, anxiety over debt levels…
Continue reading Majority of Filipinos Back Wealth Tax as AI Debt Concerns Spike on Wall StreetKey developments: – A recent poll shows two‑thirds of Filipinos back a proposed wealth tax targeting billionaires, indicating rising public appetite for policies that curb extreme wealth concentration. – Meanwhile, Berkshire Hathaway announced a near‑$1 billion investment in the…
Continue reading Billionaire Wealth Tax Gains Broad Support as Berkshire Hathaway Makes $1 Billion Bet on Bending SpoonsThe Insurance Regulatory and Development Authority (IRDAI)-backed Life Insurance Corporation (LIC) unveiled three new products—an annuity, a health insurance scheme and a cancer cover—scheduled for launch on October 19, 2026. The move aims to broaden coverage options for…
Continue reading LIC rolls out three new insurance plans as mutual fund houses pause fresh gold FoF subscriptionsIndia’s leading asset managers—including Tata, HDFC and ICICI Prudential—have announced a temporary suspension of fresh investments into gold-focused Fund‑of‑Fund (FoF) schemes. The move is aimed at curbing excess inflows that have driven gold FoFs to premium valuations and…
Continue reading Mutual fund houses pause new gold FoF inflows as LIC rolls out fresh insurance productsLIC has introduced two new insurance offerings—Bima Platinum, a comprehensive protection plan, and Jeevan Raksha, a flexible life cover—expanding its portfolio ahead of a broader product launch scheduled for October 19, 2026, which will also include an annuity,…
Continue reading LIC rolls out two flagship insurance products, Bima Platinum and Jeevan RakshaKey developments: A rapid influx of capital is driving a “wealth boom” as high‑net‑worth individuals and families see assets surge, while simultaneously a sharp rise in key prices—especially on housing and equities—creates a “price shock” that could temper…
Continue reading Wealth boom and price shock collide ahead of U.S. midtermsA recent funding round for Jeff Bezos’s aerospace venture, Blue Origin, has significantly increased his net worth, positioning him as the world’s second-richest individual. The influx of capital underscores growing investor confidence in private spaceflight and highlights Bezos’s…
Continue reading Blue Origin Funding Propels Jeff Bezos to World’s Second-Richest Status
