Singapore is discussing the possibility of allowing virtual banks to operate in the city state, the Monetary Authority of Singapore said Tuesday. “MAS is studying whether to admit such digital-only banks with non-bank parentage,” the financial regulator said in an emailed reply to questions from Bloomberg News. “We have been engaging relevant stakeholders to ascertain […]
Read MoreVietnam’s transfer pricing regulations under Decree No. 20/2017/ND-CP (“Decree 20”) became effective in May 2017 and outline all relevant aspects of the transfer pricing compliance process. Foreign investors should consider the following when creating a compliance strategy for transfer pricing in the country. What are the main transfer pricing compliances? According to regulations, taxpayers subject to Decree 20, if […]
Read MoreSoutheast Asia’s central banks are taking a hard look at interest-rate cuts as global monetary policy turns more dovish, with Malaysia first in line with a possible move as soon as Tuesday. It’s a busy week for the region’s policy makers with Bank Negara Malaysia’s decision followed by policy announcements from the Bank of Thailand […]
Read MoreConsidering the fact that Bangkok is a booming hub of business, it is a smart move to invest in a condominium purchase within this city. Though, there are a variety of factors to weigh in before spending your savings into real estate. One of the factors to consider is the location of the condominium that you are […]
Read MorePETALING JAYA: The benchmark interest rate cut by Bank Negara will be a boon for the consumer, property and automotive sectors. A lower overnight policy rate (OPR) would translate into cheaper borrowing costs, benefiting domestic households and businesses as it would increase the consumers’ disposable income. MIDF Research pointed out that the rate cut would […]
Read MoreMANILA, Philippines — Monetary authorities remain wary of the rising global oil prices as well as the prolonged El Niño episode as economists and analysts continue to expect the Bangko Sentral ng Pilipinas to reverse its tightening cycle and cut interest rates after inflation eased to a 16-month low of three percent in April. According […]
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