As online scams, coercive debt collection, and lending that outruns what households can repay spread across Asia, consumer protection is failing where it counts: in practice. This is the finding of a …
South Korea’s household debt tops 2,000 trillion won as credit loans surge
South Korea’s household debt has surpassed 2,000 trillion Korean won. According to the Bank of Korea on the 19th, household debt reached 2,019.8 trillion Korean won as of the end of the second quarter …
Hong Kong 5-year plan should have Northern Metropolis tax breaks, listing reforms: HKICPA
Accounting body also urges government to lobby mainland Chinese authorities about tax on cross-border trusts and insurance policies The Hong Kong Institute of Certified Public Accountants (HKICPA) has …
Sri Lanka, ADB sign agreement for $ 200 m loan for cyclone reconstruction
The Asian Development Bank (ADB) has extended a $ 200 million loan to support Sri Lanka’s Post-Cyclone Ditwah Reconstruction and Livelihoods Support Project, covering rehabilitation, reconstruction …
EBRD extends $75mn trade finance line to Iraq’s Al Mansour Bank for Investment
The EBRD is providing a trade finance limit of up to $75mn to Al Mansour Bank for Investment, one of Iraq’s leading private-sector lenders, to expand cross-border financing for Iraqi businesses. The …
Beyond tax collection: Can Sri Lanka use tax policy to build a solar-powered economy?
Sri Lanka’s economic crisis has taught us an important lesson: foreign exchange is not merely a monetary statistic; it is a national economic resource. ..
Macao’s high-quality development course set: China Daily editorial
As Macao SAR Chief Executive Sam Hou-fai stressed, the plan is aligned with the national five-year plan for this period while taking into account Macao’s own realities. By strengthening integration …
Armenia orders its banks to block payments that dodge Russia sanctions
By Ben Aris in Berlin Armenian banks must now identify and freeze payments designed to slip past Western sanctions on Russia, under central bank rules that took effect on August 12. The requirements …
How New Kuwait And Indonesia Tech Deals At Baker Hughes (BKR) Have Changed Its Investment Story
Baker Hughes recently announced that it secured a multi-year technology collaboration with Kuwait Oil Company and a substantial subsea systems contract for Indonesia’s Kutei Northern Hub, including 17 …
Singapore-Vietnam Pilot Tests Digital Credentials to Speed Up Letter of Credit Checks
Singapore-Vietnam firms will test digital credentials for letter-of-credit verification, aiming to reduce manual checks in cross-border trade finance.