The Reserve Bank of India has further pushed its plan to get the whole country’s payment and settlement system onto an electronic platform. But the plan, called Vision 2018, does not oblige companies to comply.
*RMB-KRW direct trade starts
*Hong Kong launches RMB indices
*China and Russia ink RMB clearing deal
*Singapore to include RMB in Official Foreign Reserves
RBI to place ceiling on corporate borrowing; China joins multilateral treaty to share MNC tax info; BSP narrows interest rate corridor; Swift notifies another malware found at the user end; RBI allow FPOs to invest ...
Safe eases FX restrictions; FASB proposes changes in restricted cash standards; PBoC expands X-border financing management nationwide; Korea offers tax incentives for R&D; China replaces business tax with VAT; US Fed ...
China suspends registry of all financial related companies; China to legislate credit law to crack down on defaults; CBRC asks banks to inspect bills of exchange; Taiwan ups ante on FX clearing; Japan FSA and CPAAOB ...
Leaked documents from Panamanian law firm Mossack Fonseca have already taken down political leaders. What risks should Asian corporates watch for? CT speaks to three leading experts on the matter.
Chongqing launches RMB programme with Singapore; Swift and CIPS to cooperate on cross-border interbank payment system; Singapore drops RTC tax rate to 8%; India and Sri Lanka sign $700m currency swap deal; SGE and ...
With a referendum being held on June 23, a British exit from the European Union is now a distinct possibility. CT asks what the financial impact could be.
To turn corporate bad loans into performing assets, the Reserve Bank of India has nudged its debt restructuring rules to grant lenders an easier way out of defaulting companies.