The former pariah state hopes to boost its economy by giving foreign banks scope to lend to exporters. Bankers say the development would aid MNCs in the country, but need clarity from the government.
RBI has granted approval to Swift India to private messaging services for domestic banks in India; China and Singapore continue talks on FTA this year; RBI publishes its KYC rules; MAS reviews structuring of credit ...
China plans on rolling out more RMB convertibility programmes in FTZs * EU and the US agree on central counterparty clearing requirements * South Korea promises relief to firms in the KIC region * The Philippines ...
U.S. proposes changing the global tax system for corporates * OECD inks tax co-operation * Shanghai to build X-border RMB payment and clearing center * SGX revises calculation methodology *Thai ministry grants ...