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Thailand's draft financial hub bill maintains regulatory oversight

Thailand’s draft Financial Hub bill does not grant absolute authority over financial transactions but allows regulatory intervention if transactions threaten economic stability, according to Pornchai Thiraveja, director-general of the Fiscal Policy Office. 

Vietnamese banks turn to share-based dividends to strengthen capital and meet Basel III standards

Vietnamese banks are increasingly opting for share-based dividend payouts to boost charter capital, enhance financial resilience, and comply with Basel III capital adequacy requirements.

Financial crime risks on the rise: Singapore executives more concerned than global peers

A new report by Kroll reveals that business executives in Singapore are increasingly concerned about financial crime risks, with 76% of respondents anticipating their organizations will be targeted in 2025. 

Indonesia introduces incentives to support labor-intensive industries amid factory closures

The Indonesian government has unveiled a set of policies aimed at revitalizing labor-intensive industries, including textiles, footwear, furniture, food, and beverages, in response to widespread factory closures and layoffs.

Microsoft’s $2.2 billion investment in Malaysia remains on track despite global uncertainties

Microsoft’s planned $2.2 billion investment in Malaysia is proceeding as scheduled, despite global economic and policy uncertainties, according to Laurence Si, managing director of Microsoft Malaysia. 

Vietnam increases foreign ownership cap to 49% for banks handling troubled lenders

Vietnam has raised the foreign ownership limit in select banks from 30% to 49%, allowing greater foreign investment in institutions tasked with absorbing struggling lenders.

Indonesia-EU free trade talks face stalemate over import licensing

Negotiations between Indonesia and the European Union on a Comprehensive Economic Partnership Agreement remain unresolved, with import licensing emerging as a key sticking point, according to a senior Indonesian minister.

Malaysia’s Sapura Energy secures RM1.1 billion government bailout amid financial turmoil

Once a dominant force in Malaysia’s oil and gas sector, Sapura Energy is now grappling with severe financial distress, burdened by RM16 billion in liabilities and a deteriorating order book.

Vietnam’s banking sector reshaped by layoffs and digitalization

Vietnam’s banking industry is experiencing widespread layoffs as institutions streamline operations, cut costs, and embrace digital transformation.

Vietnam’s MSMEs struggle to access bank credit amid collateral and debt challenges

Micro, small, and medium-sized enterprises in southern Vietnam are facing difficulties in securing bank credit, despite financial institutions offering loan packages with preferential interest rates. 

Indonesia’s proposed mineral royalty hike raises concerns for miners and investors

Indonesia’s plan to increase mineral royalties on key commodities such as copper, gold, nickel, and thermal coal is raising concerns among industry stakeholders, with analysts warning of potential financial strain on mining companies and increased regulatory uncertainty.

Fintech, e-commerce, and trade at the heart of Singapore-Thailand MOUs

Singapore and Thailand have signed five memorandums of understanding to enhance trade and investment cooperation in areas such as cross-border e-commerce, fintech, and consumer protection.

Vietnam to phase out credit growth quotas for banks

Vietnam’s central bank, the State Bank of Vietnam, has announced plans to gradually eliminate the credit growth quota policy for commercial banks, a system that has been in place since 2011 to control lending and maintain financial stability.

Indonesia’s digital VAT collection reaches $1.6 billion over five years

Indonesia has collected Rp 26.18 trillion ($1.6 billion) in Value-Added Tax (VAT) from digital transactions since implementing the Electronic-Based Trading System (PMSE) five years ago.

Tags: Tax

Thai Pilots Association to challenge Labour Ministry over foreign pilot policy

The Thai Pilots Association is set to file a lawsuit against the Labour Ministry in the Administrative Court on Friday, seeking a temporary injunction to block foreign pilots from operating domestic flights.

Vietnam grants incentives to banks acquiring weak lenders

The State Bank of Vietnam has finalized the compulsory transfer of four financially weak banks—CB, Oceanbank, DongA Bank, and GPBank—to Vietcombank, MB, HDBank, and VPBank, respectively.

Capital A targets PN17 exit by May, shifts focus to non-aviation businesses

Capital A Bhd expects to exit its Practice Note 17 (PN17) status by May 2025, following approval from Bursa Malaysia for its regularisation plan, CEO Tan Sri Tony Fernandes announced.

Indonesia reinforces Eid bonus rules, extends THR to gig workers

As Eid al-Fitr approaches, the Indonesian government has reaffirmed employers' obligation to provide the Tunjangan Hari Raya, or Eid bonus, to private sector workers.

Singapore-listed companies progress in climate reporting but gaps remain

Singapore-listed companies have improved their climate-related disclosures, but less than one-third have met all Task Force on Climate-Related Financial Disclosures requirements, according to a review by the NUS Business School’s Centre for Governance and Sustainability and Singapore Exchange Regulation.

Indonesia’s ride-hailing firms split on Eid bonuses for drivers

Ride-hailing companies in Indonesia have responded differently to President Prabowo Subianto’s request for Eid bonuses for online drivers, with Gojek and Grab offering incentives, while Maxim has opted out of cash payments, citing legal grounds.


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