

Philippines urged to relax foreign investment restrictions
Economists call for Philippine President Ferdinand R. Marcos, Jr.’s administration to amend the 1987 Constitution to relax foreign...
Feb 15, 2024


Philippines central bank may issue own digital currency next year
The Bangko Sentral ng Pilipinas (BSP) is considering launching its own central bank digital currency (CBDC) as early as next year or by...
Feb 13, 2024


Hong Kong launches consultation on virtual asset OTC regulation
Hong Kong has initiated a two-month consultation on proposals to regulate OTC trading of virtual assets, requiring a licence from the...
Feb 12, 2024


Malaysia’s SC launches FSA to accelerate capital market approvals
The Securities Commission Malaysia (SC) has introduced the Focused Scope Assessment (FSA) for Capital Market Intermediaries and...
Feb 9, 2024


China eases data rules for foreign firms in Shanghai
Shanghai is planning to fast-track approvals for foreign firms to transfer local data offshore, a significant easing of China’s strict...
Feb 8, 2024


Deepfake video call tricks HK finance worker into USD25m scam
Hong Kong police have disclosed a sophisticated fraud scheme where a finance worker at a multinational firm was conned into transferring...
Feb 8, 2024


Thailand-Sri Lanka FTA opens doors for Thai businesses in South Asia
Thailand and Sri Lanka have signed a free trade agreement (FTA) in Colombo to enhance bilateral trade, with Thailand’s Prime Minister...
Feb 7, 2024


China’s regulatory body promises action against USD6tr market slide
In response to a significant market downturn, with shares hitting a five-year low amid USD6tr in losses, China has committed to market...
Feb 5, 2024


China to merge hundreds of rural banks amid financial strain
China is initiating a vast consolidation in its banking sector, planning to merge numerous rural lenders into regional powerhouses to...
Feb 1, 2024


Insurance complaints up in the Philippines in 2023
Insurance complaints in the Philippines rose by 7.8% to 5,417 cases in 2023, with the most significant increases in mutual benefit...
Jan 30, 2024


HK and China expand cross-border wealth management scheme
Regulators in Hong Kong and mainland China have announced significant enhancements to the cross-border Wealth Management Connect (WMC)...
Jan 29, 2024


Thailand, China agree to waive Visa requirements
Thailand and China have agreed to waive visa requirements for each other’s citizens starting March 1. This announcement, made during a...
Jan 29, 2024


Hong Kong tightens crypto market regulations
Hong Kong is set to regulate its over-the-counter virtual asset trading, responding to a surge in cryptocurrency investments from...
Jan 29, 2024


Japanese regulator scrutinises bank vulnerabilities to rising rates
Japan’s Financial Services Agency (FSA) is preparing to assess banks’ resilience against potential risks arising from expected interest...
Jan 25, 2024


China to step up efforts to attract foreign firms
China reaffirms its commitment to attracting foreign investment and ensuring the legal rights of foreign companies, as stated by Li...
Jan 25, 2024


Hong Kong bolsters financial crime prevention efforts
The Hong Kong Monetary Authority (HKMA) has launched a public consultation to enhance bank information sharing for crime prevention,...
Jan 25, 2024


FSB to discuss social media’s role in bank stability at G20
The Financial Stability Board (FSB) will present key findings to the G20 in October on social media’s impact on bank stability. This...
Jan 24, 2024


Philippine SEC drafts new rules for cornerstone investors in IPOs
The Philippine Securities and Exchange Commission (SEC) proposes new guidelines for initial public offerings (IPOs), focusing on the...
Jan 23, 2024


Thai stock exchange foresees increase in IPO volume
The Stock Exchange of Thailand (SET) anticipates an increase in initial public offerings (IPOs) in 2024 compared to the previous year,...
Jan 22, 2024


Vietnam tightens bank ownership rules
Vietnam’s legislature has passed a law reducing the maximum stake investors can hold in domestic banks from 15% to 10%, effective from...
Jan 19, 2024

