India rises to rank 15 among top global destinations for FDI in 2024: UN Report
The development comes despite a marginal dip in inflows at $27.6 billion.
Finance
South Korea’s debt aid for 1 million sparks debate over fairness and cost
Some view the initiative as a safety net for the financially vulnerable and a means to reduce the strain of bad debt on the broader financial system. Others raise concerns over…
China set to further advance financial opening-up
China will leverage successful practices from free trade zones and ports, supporting the greater participation of foreign institutions in financial business pilot programs, an…
Standard Chartered cuts jobs in Singapore; moves them to India: Finance jobs portal
The move affected about 80 Singapore-based employees – understood to be from the bank’s technology and operations teams – with their jobs being offshored to India, according…
China to set up international operation center for digital currency
This is in a bid to advance the international use of digital yuan and better serve innovation in digital finance, according to the country's central bank.
Google Pay set to hit Bangladesh market next week
City Bank will be the first local bank to be integrated into Google Pay, allowing its customers to use their Android smartphones to make payments at any point-of-sale terminal.
Philippines to adopt OECD cryptocurrency tax framework
The full implementation of the globally accepted blueprint is targeted by 2028.
India’s total exports rise by 2.77%, trade deficit narrows to US$6.62 billion
India’s total exports for the full financial year 2024-25 hit an all-time high of US$824.9 billion, exceeding the government’s initial target of US$800 billion, and marking a…
‘Put on hold’: Stakeholders want Malaysian government to review expanded Sales and Service Tax
They said concerns have been raised over the SST’s cascading nature, lack of clarity and potential to erode household spending while squeezing business margins.
Industry concerns over Malaysia’s expanded Sales and Service Tax
The expanded SST will also put a dent in the thinning profits of building contractors who are struggling with higher operating costs, and could also affect the smooth flow of…