MANILA, Philippines — The higher fines and new set of penalties under the revised charter of the Bangko Sentral ng Pilipinas would deter rogue banks from committing violations, according to BSP Assistant Governor and general counsel Elmore Capule. Capule said the administrative sanctions on supervised entities under RA 11211 signed by President Duterte last Feb. […]
Read MoreCambodia has been included on a list of countries “highly vulnerable to money laundering” following reports that show its judicial system has high levels of corruption and that it lacks the will to investigate financial crimes. Global money-laundering watchdog Financial Action Task Force (FAFT) placed the Kingdom in its ‘grey list’ on Friday. In an […]
Read MoreDevelopers are tempting buyers with heavy promotions to clear unsold, ready-to-transfer condo inventory before the new loan-to-value (LTV) limits take effect on April 1. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said every government measure related to the property sector has an impact on property sales or transfers, as shown by […]
Read MoreJAKARTA: Indonesia’s stock exchange plans to cut the minimum trading price for shares and shrink the lot size in its drive to attract more retail investors and boost volumes. The bourse will revise the decade-old requirement for stocks to maintain a floor price of 50 rupiah and lower the minimum order size from 100, Laksono […]
Read MoreThe government’s planning unit, the National Economic and Social Development Council (NESDC), has been assigned to work closely with the Commerce Ministry to provide updates on the export sector so that exporters can find more markets to offset the impact of the trade row between the US and China. Deputy Prime Minister Somkid Jatusripitak said he […]
Read MoreThe Hanoitimes – The Vietnamese aviation market is currently considered to be very attractive when growing well in the past decade. Competition in the Vietnamese fast-growing air transport market is expected to intensify further this year as more entrants are joining the market. With the launch of its first flight on January 16, FLC Group-backed Bamboo […]
Read More
Thailand
