Search Results for: Singapore

A harmonisation of regulatory frameworks and increased sharing of data between financial institutions may help overcome the “metronomic tension” within financial businesses balancing effective fraud detection and low user friction, say experts. With more challenger banks delivering services, real-time checks based on artificial intelligence (AI) and robotics may ensure the speed customers expect in digital transactions does not compromise security, including during onboarding.…

CHINA’S ministry of finance drafted regulations punishing accountants violating national accounting laws. Proposals under public consultation would include blacklisting accountants found guilty of fabricating, hiding or destroying financial reports, books and documents, or telling other accountants to undertake such malpractice. Accountants involved in embezzlement would suffer the same fate.…

HONG Kong’s government has released tax measures to support an economy buffeted by political protests, the US-China trade war and headwinds from a potential hard Brexit. Its financial secretary announced that 27 groups of government fees and charges would be waived for 12 months to benefit sectors including maritime, logistics, retail, catering, tourism, construction, agriculture and fisheries businesses.…

HONG Kong’s government has released tax measures to support an economy buffeted by political protests, the US-China trade war and headwinds from a potential hard Brexit. Its financial secretary announced that 27 groups of government fees and charges would be waived for 12 months to benefit sectors including maritime, logistics, retail, catering, tourism, construction, agriculture and fisheries businesses.…

REMOVING non-tariff-barriers (NTBs) impeding the trade in automobiles, parts and materials between the 10 member countries of the Association of Southeast Asian Nations (ASEAN) is key to unlocking the regional automotive industry’s full potential, experts argue. However, they agree that such moves cannot be achieved without short-term pain.…

SOUTH-EAST Asia’s beauty and personal care product market continues to grow, with more mature markets in the region demonstrating an increasing preference for natural products.

As might be expected, consumers in the wealthy city state of Singapore are especially keen to spend more money on lines with natural ingredients.…

WHILE the future of Hong Kong’s political stability hangs in the balance given the long-term protests that have been wracking the territory, its underlying economy seems to be just holding together, with DBS Bank, for instance, in August projecting zero economic growth.…

DOING business in many southeast Asian countries is becoming increasingly challenging, with major companies being exposed to increasingly sophisticated financial crime and widespread corruption. Poorna Rodrigo reports.

COMMERCIAL crime in southeast Asia is fuelled by the fact that it contains wealthy and medium-income well-regulated jurisdictions, alongside weakly-regulated, corruption-heavy poorer countries.…

THE EMPATHY, connectedness and flexibility skills taught to students during an innovative international problem solving programme at the USA’s University of Oregon (UO) have manifested themselves in three prize-winning solutions to community problems.

These focused on environmental degradation, social inequality and public health, with students having 10 days this month to develop groundbreaking ideas for action at an Association of Pacific Rim Universities (APRU) Undergraduate Leaders Program.…

STUDENTS from top Pacific Rim research universities have embarked on an innovative programme of problem solving, designed to create fresh solutions on pressing socio-economic problems that leverage leadership skills and community contacts.

The University of Oregon (UO), in Eugene, Oregon, welcomed 50 undergraduate students from 30 universities based in the Pacific Rim region, including from the USA, Canada, Mexico, Chile, Japan, Australia, and more.…