LONDON — In 2016, the British public voted for a divorce from the European Union (EU) with more than 17.4 million opting for Brexit. Backers of Brexit believed that the EU failed to address the economic problems that had been developing since 2008, including the 20% unemployment rate in southern Europe. There is also a …
The ongoing trade tensions between US and China, two of the world’s most powerful economies, have affected the global trade landscape and changed the way businesses operate. The tariffs on goods have affected business owners as profits dwindled and losses extended with the diversion of trade to other countries in the absence of Chinese exports to …
The US-China Trade Deal: Why it Matters for Businesses Read More »
Thailand 4.0 is one of the most lucrative ventures in the country. This large-scale government project aims to transform the nation into the centre of trade and technological development in the ASEAN. And, one of the primary points of the project is to implement a nation-wide cashless payment system [Nation Multimedia].
Mobile-only challenger banks – Neobanks – will fundamentally disrupt Australia’s traditional banking oligopoly if the four pillars remain status quo It is likely that the four pillars policy (includes Commonwealth Bank of Australia, ANZ, National Australia Bank and Westpac) has contributed to the problem of an overly-concentrated banking system in Australia, which is also attested …
Are Neobanks Threatening Australia’s Traditional Banking System? Read More »
Singapore reigns at the top of Southeast Asia’s high finance banking industry. It is one of the key factors which boosted the country’s economy.
SINGAPORE – Building on the momentum from the Singapore government’s announcement on the Singapore Variable Capital Company (S-VACC) framework to further strengthen the country as an asset management and funds domicile hub in the previous year, the recent boost to tax incentives for funds has been viewed as the country’s concerted efforts to support its …
Enhancement to Tax Incentives for Funds in Singapore Read More »
The trade conflict between the United States (US) and China caused headwinds in the global market. Companies have been shifting production from China to Southeast Asia to avoid high tariffs. Import duties on products can even go up to 42.6% [BBC]. Despite the fluctuations in the global economy, Singapore remains resilient from the adverse effects …
Singapore’s Tax Incentives for Foreign Tech Companies Read More »
SINGAPORE – Financial technology (FinTech) can be the key in pushing a country’s banking industry to the forefront of innovation. The government recognizes that and is readying Singapore in its metamorphosis into a smart financial centre. Considering Singapore’s incessant pursuit of new heights in the financial services industry, relevant regulatory authorities frequently updates its policies …
Guide to Singapore's FinTech Sandboxes for Financial Service Providers Read More »
SINGAPORE – Since the Variable Capital Company (VCC) Bill was passed on 1 October 2018, the fast-growing fund management industry in Singapore has been expecting a new corporate vehicle designed for collective investment schemes, allowing investment managers to create sub-funds within a single entity while ensuring that the assets and liabilities of each sub-fund remain ring-fenced from the …
The Boost to Singapore's Fund Management Ecosystem – Variable Capital Companies Read More »
Southeast Asia is now becoming a powerhouse in the Financial Technology (FinTech) scene. Due to the insufficient financial inclusion in the ASEAN market, it ripens the region for different FinTech products and services. In 2018, it exceeded the USD5.7 billion invested in 2017 by 20%-30% [Business Insider]. And with Singapore leading in the FinTech industry, …
Take Part in Singapore’s FinTech Industry through Company Formation Read More »