*ADB study points to large trade finance gap in Asia
*PBoC unveils green finance vision
*Cambodia and China sign AML pact
*Sri Lanka gives land lease tax break to foreign firms
Asean has a bright future, but a funding crisis risks stifling its potential. The trade bloc should look to Singapore as a leader in digital trade development and allow the region to become a global hub of trade and production.
Citi has named Amol Gupte as the head of Singapore and Asean, replacing Michael Zink who is retiring. A successor for the former Asia head of treasury and trade has yet to be found.
Processing millions of small payments accurately, quickly and securely can be a challenge, but the CFO of lottery company Singapore Pools tells CT having a robust system and well drilled team will ensure every cent is reconciled daily.
HKMA to integrate RMB settlement system with CIPS* Australia and Japan sign currency swap deal* India futures market to deepen * China to build FTZ in Guangxi for trade relationship with Asean * China simplifies corporate bond sale procedures; and much more….
Banking integration is widely seen as an obstacle to a truly united Asean economic community, but Indonesia, Malaysia and the Philippines have made progress on the issue.