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Singapore says it’s studying whether to allow digital-only banks

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 […]

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Vietnam’s Transfer Pricing Regulations – Compliance Strategies

Vietnam’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 […]

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To Cut or Hold: Southeast Asia Central Banks Face Busy Week

Southeast 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 […]

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