03/04/2019
Foreigners working in PH must pay taxes: DOF
Under Revenue Memorandum Circular (RMC) No. 78-2018, all foreign and Philippine-based gaming operators, including those with offshore licenses, are now required to register with the BIR
Legal, Regulation & Compliance
03/04/2019
Wealth products become key investor in China's financial market
Almost 70 percent of the funds raised through wealth management products are invested in bonds, deposits and money market instruments.
03/01/2019
Qatar, China, Japan sought 'extras' after Barclays 2008 fundraising: court
Former CEO John Varley and some of his most senior former colleagues - Roger Jenkins, Tom Kalaris and Richard Boath - are charged with conspiracy to commit fraud by false representation
03/01/2019
The UAE and Singapore: two countries with a lot in common
The two countries share a reputation for safety, luxury and also have the same electrical sockets
03/01/2019
Hong Kong’s New Unified Tax Exemption for Onshore and Offshore Privately-Offered Funds K&L Gates
This new regime is not only relevant to onshore funds currently subject to Hong Kong profits tax, but also provides offshore funds subject to Hong Kong profits tax with more flexibility in their investment policies.
03/01/2019
Philippine pension fund SSS to double foreign investment to 15%, report says
This will allow the fund to “diversify its portfolio and boost its revenue”, Mr. Dooc says in the February 6 report published on the PhilStar Global website.
03/01/2019
The Asian Banking and Finance Sector; 2019 and beyond [Brought to you by Appleby]
China has recently introduced a series of cybersecurity and data protection regimes which can and will affect the operation of the banking and finance sector.
03/01/2019
Shearman establishes presence in South Korea
They will also work closely with lawyers based in other offices including on Korea-related arbitration, antitrust and funds matters.
03/01/2019
MUFG Bank to end over-the-counter int'l cash transfer to combat crime
MUFG Bank will also ask more detailed questions when a customer opens a new account, such as the purpose of doing so, the sources said.
03/01/2019
India, Brunei sign pact to exchange information on tax, banking matters
The agreement also provides for mutual assistance in collection of tax revenue claims between both countries, according to an official statement.
03/01/2019
J Safra Sarasin gets first China inbound quota
Bank J Safra Sarasin became a first-time RQFII recipient, while Allianz GI doubled their quota, according to records from the regulator.
03/01/2019
Hong Kong Court Dismisses Short Seller’s Trading Ban Appeal
The tribunal ruled in 2016 that Left had committed market misconduct
03/01/2019
Ogier advises LionRock on acquisition of Inter Milan stake
We are delighted to have acted for LionRock
03/01/2019
India and Brunei sign tax information exchange agreement
If approved by the two counties, the TIEA will help to curb tax evasion and provide much needed mutual assistance between the revenue officials of these two countries.
02/28/2019
Mourant wins India Business Law Journal Deal of the Year
The team working on the matter comprised Mourant lawyers based in Guernsey, Jersey and the British Virgin Islands.
02/28/2019
How far has Korea's FSS got in investigation of Merrill Lynch high-speed trading case?
The FSS and KRX had strengthened their monitoring of the investment bank after a large number of retail investors
02/28/2019
Former China Development Bank official punished for 'disciplinary issues'
Guo did not pay private contractors who renovated the bank’s office building for renovations to his own home and sold his home to a bank loan client at a price clearly above market value, the statement said.
02/27/2019
RBI suggests major changes to top bank executives' pay structure
Banks are required to put in place appropriate modalities to incorporate malus/ clawback mechanism in respect of variable pay.
02/27/2019
Singapore becomes India's top FDI source, Mauritius slips behind
Singapore crossed 41 per cent during April and December 2018 to nearly USD 13 billion.
02/27/2019
'Best in show' a no go: KPMG
Seven opted to change product pricing or fees to increase competitiveness, while a further five were discovered to have better performance than first appeared.