SINGAPORE: Singapore’s central bank is raising its guard against money launderers increasingly using onshore shell companies to mask their transactions, a senior official said. Valerie Tay, who heads the anti-money laundering department at the Monetary Authority of Singapore (MAS) said banks had closed accounts of several onshore shell companies over the past year, after detecting […]
Read MoreAfter food and beverage and other sectors, it is the turn of convenience stores franchisers to eye the huge Vietnamese market. According to experts, Vietnam has all the requisite elements for the retail and franchising industry to boom such as a large consumer base, rapidly rising incomes and a generation of young and educated professionals. […]
Read MoreMyanmar citizens can now apply for a combined B-1/B-2 visa, which allows travel to the US for both business and/or tourism purposes, the US Embassy in Myanmar announced Monday. The single-entry visa is valid for three months and there is no issuance fee. “Building on the growing travel between our two countries, the US Embassy […]
Read MoreMANILA, Philippines — Economists see inflation easing below two percent within the third quarter, giving the Bangko Sentral ng Pilipinas (BSP) more room to ease the country’s monetary policy stance to boost the slowing economy. Chidu Narayanan, economist for Asia at Standard Chartered Bank, said inflation is expected to further drop below two percent in […]
Read MoreThe Hanoitimes – Prime Minister Nguyen Xuan Phuc has approved a proposal to enhance state supervision over trade fraud activities and request joint efforts from government agencies to deal with such offenses. Vietnam remains steadfast on preventing trade fraud activities both in the local and export markets, ensuring the lawful rights of Vietnamese enterprises and customers, […]
Read MoreThe rapid growth of e-commerce together with the relocation of China-based manufacturing companies has significantly increased demand for modern logistics properties in Thailand. The first quarter of 2019 saw a 16% year-on-year increase in net absorption of modern logistics properties. In fact, the first-quarter figure was more than half of total new absorption in 2018. […]
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