Managers of Wealth Asia Pacific

Thailand, Vietnam Launch Cross-Border QR Code Link

The two central banks said Thai tourists using Bangkok Bank’s mobile banking app can scan ‘Viet QR Codes’ to pay for goods and services at merchants of Vietnam’s TP Bank and BIDV.

CEOs of Singapore’s Big Three banks took 9%-24% pay cut in 2020

The value of remuneration shares was estimated based on OCBC’s closing price of $11.73 per share on March 12, 2021.

Japan's central bank kicks off experiments on issuing digital currency

Global central banks are looking at developing digital currencies to modernise their financial systems, ward off the threat from cryptocurrencies and speed up domestic and international payments.

The hunt for lost billions: Failed Hin Leong's owners face asset claims

At a hearing on Monday (April 5), court-appointed liquidators will ask the Singapore High Court to freeze the family's assets worldwide

Korea Finalises Supervisory Framework for Financial Conglomerates

Such groups have been seen as a regulatory blind spot as are not subject to supervision through the Financial Holding Companies Act, yet their significance to the financial system has only grown over time.

Sawari Ventures raises US$71M for investing in Egyptian startups

The fund has increased its investment in high-growth Egypt companies to $68 million.

ASIC's Shipton confirms retaining top legal team

Shipton said he had retained the high-powered lawyers because of the matters which had been raised by the ANAO.

EBRD and AIIB streamline co-financing procedures

AIIB is a multilateral development bank whose mission is financing Infrastructure for Tomorrow

China said to ask banks to curtail credit for rest of year

The comments give further detail to what the central bank stated publicly after the meeting, when it said it asked representatives of 24 major banks to keep loan growth stable and reasonable.

Singapore: IRAS issues transfer pricing guidance on centralized activities in MNE groups

Due to the myriad of activities that may be centralized, the headquarters may encounter many different risks.

China drafts tougher capital rules for its too-big-to-fail banks

Chinese authorities have started to evaluate systemically important banks this year by measuring assets of the nation’s 30 largest lenders.

The Republic of Maldives successfully prices its debut sovereign US$200 million 5-year Sukuk issuance

The Senior Unsecured 144A/ Reg S Sukuk will be issued from the recently established Maldives Sukuk Issuance Limited’s US$1.0 billion Trust Certificate Issuance Programme

Mizuho eyes seeking Hitachi compensation for system crash

Bank blames faulty hardware for March 11 stoppage in foreign currency transfers

ByteDance says India's freeze on bank accounts is harassment

None of ByteDance India's employees have been paid their March salaries due to the account freeze, said two people familiar with the matter.

BOJ, FSA Highlight Ongoing Initiatives to Address Climate Risk

Last week, BOJ governor Haruhiko Kuroda said the central bank is engaged in active dialogue with financial institutions on measuring climate-related financial risks, as well as a framework and methods to manage such risks.

FSC Korea Addresses Pandemic Impact on SME Credit Scores

The pandemic has led to credit rating downgrades and consequently rising borrowing costs which have significantly affected South Korean SMEs.

ASIC Reassesses Tools for Enforcing Disclosure Rules

Armour also noted that criminal proceedings are currently rarely used for market disclosure breaches.

Appleby's Hong Kong Office Acts as BVI and Cayman Islands Counsel for Times China Holding

The team was led by Partner Chris Cheng, supported by Legal Executive Connie Wu.

Vistra secures Australian Foreign Investment Review Board approval for acquisition of Mainstream

Vista and Mainstream are a good strategic and geographic fit.

Rice Warner acquired by Deloitte

Rice Warner has grown to become one of the largest independent actuarial firms in Australia

Legal, Regulation & Compliance