The Thai cabinet has approved the draft Financial Business Hub Act, a key legislative step aimed at positioning Thailand as a global financial hub.
The Financial Services Authority of Indonesia has issued Regulation No. 44 of 2024 on Bank Secrecy (POJK 44/2024), providing clearer procedures for the disclosure of confidential banking information.
The Securities and Exchange Commission (SEC) of Thailand is set to introduce a new debt instrument trading system utilizing distributed ledger technology to enhance the efficiency of capital markets and encourage securities firms to engage in digital token trading.
This update provides an overview of the Protection from Scams Bill which will empower specified officers to issue a Restriction Order to banks to restrict the banking transactions of an individual, if there is reason to believe that the individual will make transactions to a scammer.
More measures on longer-term development and growth will be presented later this year.
The Vietnam Chamber of Commerce and Industry has called for greater clarity in the National Assembly’s draft resolution on developing regional and international financial centres.
A new entity will be set up to consolidate the administration and governance of Singapore’s national payment schemes.
This update looks at the scope and safeguards of the Protection from Scams Bill passed in Parliament on 7 January which will give the police powers to issue restriction orders to banks, which will then restrict the banking transactions of an individual’s accounts.
This update highlights key aspects of the Protection from Scams Bill, such as the basis and impact of restriction orders issued by specified police officers, and the potential risks for banks.
Indonesia’s new policy mandating exporters to retain 100% of their foreign exchange earnings onshore for one year, effective March 1, has ignited controversy.
The Thai Finance Ministry has finalized a draft law aimed at establishing Thailand as a global financial hub, providing enhanced privileges and streamlined regulations.
Drew & Napier is leading action by investors who saw their investments wiped out when CS AT1 bonds were written down as part of takeover by UBS.
Gujarat International Finance Tec-City (“GIFT City”) is an emerging player in the aviation industry, aiming to position itself as a significant alternative in international financial services. This article explores and compares the tax incentives and legal frameworks offered by Singapore and GIFT city for aircraft financing.
Gujarat International Finance Tec-City (“GIFT City”) in India and Singapore are prominent financial hubs offering distinct advantages in ship financing. This article sets out a comparative analysis of their regulatory framework, tax incentives and dispute resolution mechanisms.
Bitcoin has emerged as one of the most promising investment opportunities in 2025, with its price reaching historic levels in 2024.
Naturalised Singaporean Wang Junjie, 42, is the second Singaporean to be charged over the money laundering case.
The fourth quarter of 2024 and start of 2025 saw several developments that may impact the Singapore lending market. This update highlights developments relating to (i) the Enterprise Financing Scheme, (ii) the Multi-Jurisdiction Common Ground Taxonomy, (iii) the Financing Asia’s Transition Partnership and (iv) the launch of green loan provisions by the Loan Market Association.
Indonesia’s Financial Services Authority (OJK) is considering the development of Sharia-compliant cryptocurrency assets to foster growth in the country's emerging investment sector.
In 2025, Vietnam’s banking sector will focus on restructuring credit institutions and addressing bad debts in line with the government’s plan for the 2021-2025 period.
The Bank of Thailand is introducing new security measures to enhance mobile banking protection, particularly targeting vulnerable groups such as teenagers and the elderly.