

Singapore revokes tax benefits for family offices in USD3bn scandal
Singapore’s Deputy Prime Minister and Minister for Trade and Industry, Gan Kim Yong, who also chairs the Monetary Authority of Singapore...
Jul 4, 2024


Investors sue Mitsubishi UFJ over worthless Credit Suisse bonds
Investors in Japan have filed a new lawsuit against Mitsubishi UFJ Financial Group’s brokerage unit over losses from Credit Suisse’s...
Jul 3, 2024


Taiwan’s major tax evasion cases decline in numbers, value
Major tax evasion incidents in Taiwan decreased to 915 last year, with unpaid taxes falling to NTD89.51bn (USD2.75bn), according to the...
Jul 3, 2024


Vietnam tightens credit rules, impacting banks and big businesses
A new regulation under the amended Law on Credit Institutions, effective July 1, reduces bank credit limits for major clients,...
Jul 3, 2024


Central banks in Asia launch cross-border instant payment platform
The central banks of India, Malaysia, Thailand, Singapore, and the Philippines are collaborating under the Bank of International...
Jul 2, 2024


Hong Kong’s new eMPF platform to cut MPF fees by 36%
Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu, urges employers and Mandatory Provident Fund (MPF) scheme...
Jun 27, 2024


Singapore tightens anti-money laundering laws
Singapore will enhance its anti-money laundering laws, allowing the sale of seized assets before court cases conclude and extending...
Jun 27, 2024


China moves to prevent financial collapses with new fund
China plans to establish a rescue fund worth hundreds of billions of yuan to prevent financial institution collapses due to the real...
Jun 26, 2024


Japan penalises MUFG for client confidentiality breach
Japan’s financial regulator penalised Mitsubishi UFJ Financial Group Inc.’s banking unit and two joint ventures for violating client...
Jun 26, 2024


World Bank calls for Indonesia tax overhaul
Indonesia’s President-elect Prabowo Subianto must enhance tax reforms to address the widening fiscal deficit, World Bank officials said....
Jun 25, 2024


Hong Kong’s Insurance Authority warns of unlicensed sellers
The Insurance Authority has warned the public, especially mainland visitors, against unlicensed insurance selling. Peter Gregoire, head...
Jun 25, 2024


Indonesia to freeze online gambling accounts
Coordinating Minister for Political, Legal, and Security Affairs, Hadi Tjahjanto, announced Wednesday that bank accounts linked to online...
Jun 21, 2024


China proposes new measures to attract VC investment
China plans new measures to boost venture capital in its tech sector, including from overseas. International investors can set up yuan...
Jun 21, 2024


China’s financial regulators announce key reforms
China’s financial regulators announced reforms in Shanghai, targeting government bond trading and the tech-focused Star Market. Central...
Jun 21, 2024


Hong Kong aligns with global hubs on market weather rules
Hong Kong will end its practice of closing markets during typhoons and major storms starting September 23. Chief Executive John Lee...
Jun 19, 2024


Korea eases REIT rules to boost real estate financing
South Korea’s finance ministry announced Monday it will ease regulations on real estate investment trusts (REITs) to help normalise the...
Jun 18, 2024


Singapore tightens oversight on family offices, hedge funds
Singapore is tightening regulations on family offices and hedge funds following recent scandals. Authorities demand more information and...
Jun 17, 2024


Thailand eases rules to attract more investors
Thailand will ease procedures and offer more incentives to attract foreign investors in the film, food, and pharmaceutical industries....
Jun 17, 2024


Thai ministry revokes Zipmex’s licences amid financial turmoil
The Thai Ministry of Finance has rescinded all operating licences of cryptocurrency exchange Zipmex, citing non-compliance and financial...
Jun 14, 2024


New rules may curb hedge fund distribution by Chinese banks
Chinese regulators are considering stricter rules on how banks sell financial products, potentially cutting off a key distribution...
Jun 13, 2024







