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Apr 25, 2024
Thailand’s finance ministry defends digital wallet scheme
The Ministry of Finance in Thailand has defended its digital wallet initiative, intended to not only provide relief to vulnerable groups...
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Apr 24, 2024
World Bank, Philippines plan major tax system digital upgrade
The World Bank is committed to assisting the Philippines in enhancing tax collection through comprehensive digitisation initiatives....
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Apr 23, 2024
Singapore regulator bans convicted Manulife rep for 12 years
The Monetary Authority of Singapore (MAS) issued a 12-year prohibition order against former Manulife representative Ong Ka Yong for...
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Apr 19, 2024
Philippine SEC reforms broker fees to attract more retail investors
The Philippines Securities and Exchange Commission (SEC) has abolished the minimum commission rate that stockbrokers can charge,...
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Apr 16, 2024
BNP Paribas gets green light for securities brokerage in China
BNP Paribas has been authorised by the China Securities Regulatory Commission (CSRC) to establish a fully-owned securities brokerage in...
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Apr 16, 2024
Hong Kong approves first bitcoin, ether ETFs
Hong Kong regulators approved the launch of spot bitcoin and ether exchange-traded funds (ETFs), following similar moves in the US this...
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Apr 15, 2024
South Korea lobbies for position on international accounting board
South Korea’s vice chairman of the Financial Services Commission, Kim So-young, met with Andreas Barckow, chief of the International...
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Apr 15, 2024
HKEX proposes multiple clearing banks for investors
Investors trading on the Hong Kong Exchanges and Clearing (HKEX) may soon have the option to use multiple clearing banks for cash...
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Apr 12, 2024
Hong Kong plans tax breaks for alternative investments
The Hong Kong government is poised to introduce new tax rules to attract investments in alternative sectors like private credit and...
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Apr 11, 2024
Hong Kong set to launch Asia’s first spot Bitcoin ETFs this month
Hong Kong is set to launch spot bitcoin exchange-traded funds (ETFs) this month, potentially making it Asia’s first city to offer such...
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Apr 10, 2024
US and China boost cooperation on financial stability
The US and China are enhancing their collaboration on financial stability, with plans for more simulations following a recent joint...
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Apr 10, 2024
Only 12% of Asian investors set ESG investment targets
Despite high interest in ESG investing, only 12% of Asia’s institutional investors have committed to increasing investments in climate...
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Apr 9, 2024
Credit Suisse unit to contest USD743m payout in Singapore court
A unit of the now-defunct Credit Suisse is set to challenge a Singapore court’s order to pay USD743m to billionaire client Bidzina...
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Apr 8, 2024
Vietnam leads Southeast Asia in cybersecurity incidents
In 2023, Southeast Asia experienced nearly 43 million cybersecurity threats targeting businesses, as reported by Kaspersky. Vietnam faced...
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Apr 5, 2024
Singapore tightens digital-asset regulations
Singapore has expanded its digital-asset regulations under the Payment Services Act to include token custody and enhance rules on fund...
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Apr 4, 2024
Singapore introduces digital platform for anti-money laundering
The Monetary Authority of Singapore (MAS) has introduced COSMIC, a digital platform enabling financial institutions to share customer...
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Apr 3, 2024
Singapore makes first conviction in massive USD2.2bn money laundering probe
Su Wenqiang, a Cambodian passport holder implicated in a SGD3bn (USD2.2bn) money laundering case, was sentenced to 13 months in jail, the...
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Apr 2, 2024
Southeast Asian central banks join payment initiative
Brunei Darussalam Central Bank, BDCB, and Bank of the Lao PDR, BOL, have officially joined the initiative, bringing the total to eight...
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Mar 28, 2024
Luxury property financier hit with more fraud charges in Singapore
Turkish national Vang Shuiming, implicated in Singapore’s largest money-laundering case, received six additional charges for fraud and...
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Mar 27, 2024
Malaysia announces major tax breaks for digital companies
The Malaysia Digital Economy Corp (MDEC) will unveil new tax incentives in May for companies with Malaysia Digital and existing...