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Singapore: MAS proposes changes to classification of investment products to better protect retail investors

SINGAPORE – The Monetary Authority of Singapore has proposed changes to the classification of certain investment products, whereby those categorised as complex will come with enhanced safeguards to protect retail investors.  In a consultation paper issued on Wednesday (Nov 3), MAS sought feedback on its latest review of its complex products regime set up in 2012 […]

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Vietnam: Huge tax revenue losses from e-commerce activity

When trading activities in the virtual environment yield huge profits, tax collection becomes a dilemma for many countries. The rapidly evolving digital economy has increased the complexity of tax collection and administration and has led to unfair competition. Collecting taxes from e-commerce activities is considered a global dilemma, because the current tax system is built […]

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Philippines: Factory output picks up in October

MANILA, Philippines — The country’s manufacturing sector expanded modestly in October, hitting a seven-month high, as mobility restrictions remain loose amid the continued decline in COVID-19 cases. Market intelligence firm IHS Markit said the Philippine headline purchasing managers’ index (PMI) marginally picked up to 51 in October from 50.9 in September. The October headline index […]

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Laos preparing for reopening

Despite increases in the number of new COVID-19 infections, the Lao Government is planning to reopen the country, and calling on people to get adapted to the new situation. Vientiane (VNA) – Despite increases in the number of new COVID-19 infections, the Lao Government is planning to reopen the country, and calling on people to get adapted to […]

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