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.
After Super Typhoon Haiyan the peso reached an eight-week low on November 12. What is the medium-term view for the country’s currency after this event?
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