

PwC faces heavy fines over Evergrande audit approval
PwC is poised to receive a significant penalty from Chinese regulators for its role in auditing the failed property giant Evergrande,...
May 27, 2024


S&P, Vietnam collaborate on creditworthiness assessment
The Ministry of Finance collaborated with S&P Global Ratings to assess Vietnam’s 2024 creditworthiness. Deputy Minister Nguyen Duc Chi...
May 23, 2024

HK Insurance Authority warns against unlicensed referrals
Hong Kong’s Insurance Authority (IA) has warned brokerage firms against using unlicensed individuals to promote policy sales to...
May 23, 2024

Philippines to tax foreign digital services
The Philippine Senate approved a bill to impose a 12% value-added tax (VAT) on digital services provided by companies with no physical...
May 22, 2024


HKMA launches digital yuan pilot
The Hong Kong Monetary Authority is set to launch e-CNY, or digital yuan, initially using four mainland banks to open digital wallets,...
May 20, 2024


Singapore money laundering case: Su Jianfeng hit with six more charges
Su Jianfeng, embroiled in Singapore’s largest money laundering case, faces six new charges of forgery and fraud. He allegedly submitted...
May 17, 2024

Chinese fintech giant Ant’s profit drop 19% on regulatory curbs
Ant Group Co.’s quarterly earnings fell 19% as the Chinese fintech pioneer, founded by Jack Ma, struggles to find new growth drivers...
May 16, 2024


Woori Bank joins race for South Korea’s fourth internet-only bank licence
Woori Bank has entered the race to secure a licence for South Korea’s fourth internet-only bank by joining Korea Credit Data’s (KCD)...
May 16, 2024


Vietnam enhances digital tax compliance
The General Department of Taxation in Vietnam will enhance tax compliance risk management to prevent evasion in the digital economy,...
May 15, 2024

China probes hedge fund Ruifengda for illegal activities
China’s securities watchdog is investigating hedge fund Zhejiang Ruifengda Asset Management Co. for suspected illegal activities. The...
May 14, 2024

South Korea’s FSS to finish short selling investigation by end of year
South Korea’s Financial Supervisory Service (FSS) aims to complete its probe into illegal short selling by year-end, announced Governor...
May 13, 2024


Singapore updates cybersecurity laws
Singapore has passed a bill to expand the Cyber Security Agency’s (CSA) oversight of critical and high-risk computer systems, including...
May 9, 2024


Asian central bank chiefs highlight AI risks to financial stability
Two central bank chiefs from Asian financial hubs expressed concerns about the risks artificial intelligence (AI) might pose to financial...
May 9, 2024


Philippines and Cambodia draft double taxation agreement
The Philippines and Cambodia have completed the draft of a double taxation agreement (DTA), announced by the Department of Finance on...
May 8, 2024


New reporting mandate for financial crimes in the Philippines
The Philippines’ central bank has introduced a new requirement for financial institutions to report money laundering and terrorist...
May 7, 2024


Singapore’s MAS lifts operational pause on DBS Bank, monitors compliance
The Monetary Authority of Singapore (MAS) announced today that it will not extend the operational pause imposed on DBS Bank Ltd, which...
May 3, 2024


Vietnam, Korea strengthen ties over financial stability seminar
Vu Ne Tang, the acting chief of Vietnam's National Financial Supervisory Commission, expressed appreciation for Korea's guidance on...
May 3, 2024

Indonesia, Australia ink crypto tax info sharing agreement
The Indonesian Directorate General of Taxes (DGT) and the Australian Taxation Office (ATO) have signed a Memorandum of Understanding to...
Apr 26, 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...
Apr 25, 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....
Apr 24, 2024