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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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Brunei lifts travel ban on six countries including Sri Lanka
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Brunei lifts travel ban on six countries from today

Essential travel entry from India, Nepal, Sri Lanka, Pakistan, Bangladesh and Indonesia will be open for consideration beginning on November 1, said Minister of Home Affairs Pehin Orang Kaya Seri Kerna Dato Seri Setia (Dr) Haji Awang Abu Bakar bin Haji Apong at the daily press conference yesterday. The decision was made by the COVID-19 […]

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