The PBOC has issued a directive to banks releasing targeted industries from inclusion in Chinese banks' loan to deposit ratios:The Philippines has clarified its value added tax rebate process; and Taiwanese banks ...
As China signs onto an intergovernmental agreement to comply with US FATCA regulations, questions remain about formats and deadlines, but its reach is inescapable.
Singapore's MAS pushes renminbi liquidity measures and cooperation with China's PBOC; The Philippine' senate has approved a bill allowing 60% foreign bank ownership; Vietnam's central bank proposes fees for cash ...
Recent tweaks to FX laws have caught treasurers by surprise. With increased anxiety about currency speculation and volatility, expect to see more in Asia-Pacific.
Following changes barring import/export netting, treasurers operating in the Philippines have expressed concern that alternative methods impede their ability to manage their peso exposure.
China will eliminate the requirement for ministry-level approval on foreign direct investment (FDI), as well as expand Value Added Tax reform; and the Philippines SEC hikes transaction fees.
Singapore and China agree to direct currency trading; Taiwan's central bank has made renminbi available on the country's real time gross settlement system