

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The Thai Ministry of Finance has rescinded all operating licences of cryptocurrency exchange Zipmex, citing non-compliance and financial...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


Singapore banks tighten controls in wake of record money-laundering scandal
In response to Singapore’s largest money-laundering scandal involving over SGD3bn (USD2.22bn) laundered through 16 financial...
Jun 11, 2024


Singapore banks commit SGD4m to combat scams, aid community
The Association of Banks in Singapore (ABS) launched a SGD4m (USD2.86m) Community Giveback Programme with 50 member banks including DBS,...
Jun 10, 2024


G7 to warn smaller Chinese banks over Russia ties
US officials anticipate that the Group of Seven (G7) will issue a stern warning to smaller Chinese banks at their summit in Italy on June...
Jun 10, 2024


Hong Kong nears licensing 11 crypto exchanges
Hong Kong’s securities regulator announced that 11 cryptocurrency exchanges, including Crypto.com and Bullish, are nearing licence...
Jun 4, 2024


Thai authorities target over USD37m in cybercrime-linked assets
Thai police are investigating over one billion baht (USD27m) in assets tied to alleged superhacker Wang Yunhe and his associates,...
Jun 3, 2024


Hong Kong’s SFC warns crypto platforms against unlicensed activities
Hong Kong’s Securities and Futures Commission (SFC) has issued a reminder to virtual asset trading platforms about avoiding unlicensed...
May 31, 2024


Singapore’s largest money laundering case expands with new charges
Su Jianfeng, facing Singapore’s largest money laundering case with over SGD3bn (USD2.2bn) involved, received two additional charges under...
May 30, 2024


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

