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Philippines: SEC steps up anti-money laundering effort

MANILA, Philippines — The Securities and Exchange Commission (SEC)  is stepping up efforts to combat money laundering by requiring more transparency in the identity of shareholders in corporations. The SEC is putting in place a number of measures that will prevent corporations from concealing the identity of their owners. These measures will make it difficult […]

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Singapore’s business travel bubble zone plan delayed

Singapore’s efforts to open its borders are stalling, with a plan to allow business travellers to avoid quarantine and stay in a dedicated facility near the airport still not materialising. The Connect@Singapore pilot programme for businesspeople and so-called high-economic value travellers was due to get going in January, yet the tourism board hasn’t selected operators for […]

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Philippines: Higher ATM fees loom

MANILA, Philippines — Philippine banks are set to implement the acquirer-based fees for ATM transactions starting April, resulting in higher charges for cardholders who transact in the network of other banks. The local banking industry is set to implement the acquirer-based ATM fee charging (ABFC) method starting April 7, wherein the fees charged to a […]

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