newsletter


Treasury Designates China a Currency Manipulator

Asia
06/08/2019

Washington August 5 - The Omnibus Trade and Competitiveness Act of 1988 requires the Secretary of the Treasury to analyze the exchange rate policies of other countries. Under Section 3004 of the Act, the Secretary must...

IMF’s World Economic Outlook, July 2019

Asia
26/07/2019

Still Sluggish Global Growth • Global growth remains subdued. Since the April World Economic Outlook (WEO) report, the United States further increased tariffs on certain Chinese imports and China retaliated by raisin...

Virtual banks set to go live in Hong Kong

Asia
24/07/2019

As part of the Hong Kong Monetary Authority’s (HKMA) initiative to usher in a new era of Smart Banking, the next 12 months will see the first batch of virtual banks receive licences and commence operations in the city,...

The case for stablecoins in Venezuela

Asia
24/07/2019

Venezuela, known to have the largest proven oil reserves in the world, has suffered economic turmoil for years now. Stories of people fleeing the country under increasing political tensions regularly make the headlines....

Morgan Stanley Tops Institutional Investors in Asia

Asia
17/07/2019

Hong Kong July 16 — Morgan Stanley (NYSE: MS) today announced that the Firm was voted number one in Institutional Investor magazine’s All-Asia Research Team annual rankings; the first company to achieve the top position...

AIIB reaches 100-member milestone

Asia
16/07/2019

The Asian Infrastructure Investment Bank (AIIB) now has 100 approved members after its Board of Governors today supported the applications of three African countries. The milestone was reached with the addition of Benin...

SGX uses Nasdaq’s Multi-Matching Trading Engine

Asia
12/07/2019

On June 3, Singapore Exchange (SGX) successfully went live with a new multi-matching trading engine via Nasdaq’s (Nasdaq: NDAQ) Nasdaq Financial Framework for SGX’s securities market. The technology upgrade provides SGX...

MAS to Issue up to Five Digital Bank Licences

Asia
12/07/2019

Singapore, 28 June 2019 - The Monetary Authority of Singapore (MAS) announced that it will issue up to five new digital bank licences. This is in addition to any digital banks that the Singapore banking groups may also...

Singapore to end taxation on Crypto transactions

Asia
09/07/2019

The Inland Revenue Authority of Singapore, the country's taxation agency, has recently issued an e-Tax guide on "Digital Payment Tokens" on the 5th of July 2019 that is a proposal to bring an end to the 'double taxation...

New Age of the Banking Value Chain

Asia
02/07/2019

Fintechs today are becoming an integral part of the banking value change and as a result of the Digitization in the banking industry which is making its way slowly and steadily. Today approximately 70% of the IT budget...

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