*Safe lifts time restrictions on converting renminbi
*Malaysia and Australia combine for fintech
*Malaysia introduces new method for USD/MYR spot fixing
*FASB announces accounting rule update
Sri Lanka’s prime minister has announced plans to revise the law that restricts foreign exchange flows into and out of the country, but exporters are not holding their breath.
Both China and Hong Kong are attempting to tackle businesses that have deliberately mis-invoiced goods traded across the border to sneak money offshore.
As companies assess the damage from the Tianjin port explosions, the catastrophe highlights the role that corporations can play in preventing ‘avoidable’ disasters.