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.
Compliance professionals were treated to a series of engaging talks on topics such as Myanmar sanctions and anti-corruption efforts at the 5th Annual Compliance Summit North Asia.
Myanmar has passed new mobile banking regulation that aims to expand mobile banking to rural areas, and, in turn, will help treasurers accurately record where payments are coming from.
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 ...
Myanmar’s new Banks and Financial Institutions Law contains a controversial deposit clause, but corporate treasurers need not worry, a former Ministry of Finance chief claims
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 ...
