finance | banking | taxes


Bank in push for a single monetary unit
African Development Bank is stepping in to help East and South African region accelerate the push towards a common currency status. To achieve this, it has drafted a stringent set of financial guidelines to steer the process.
India, Mauritius to meet next month to review tax treaty
India and Mauritius will meet next month in the capital to review the bilateral Double Taxation Avoidance Convention (DTAC) which seeks to prevent misuse of the provisions of the near three-decade old treaty.
New free trade agreements threaten financial reforms
While financial reforms are ongoing in the EU and many other countries, little attention is paid to free trade agreements that continue to liberalise financial services as well as restrict regulatory freedom (‘policy space’) and controls on capital movements.
Colombia FTA with EU may increase money laundering: Report
A free trade pact between the EU, Colombia and Peru will increase the risk of illegal money flows and capital flight, said a report Wednesday from a group of Members of the European Parliament.
BoT expert wary over TPP
Thailand's negotiations with the US for the opening of the goods and services market under the Trans-Pacific Strategic Economic Partnership Agreement (TPP) could hamper the Bank of Thailand's regulations on capital flows and financial services, a central bank economist says.
KTB welcomes TPP talks, ties with US
Amid concerns over whether the Trans-Pacific Partnership (TPP) will benefit Thailand or not, state-owned Krung Thai Bank (KTB) is looking forward to greater business opportunities with American banks.
EU-Singapore FTA to be concluded
The EU-Singapore FTA will provide a basic template for the EU FTAs with other ASEAN governments, although perhaps not an exact duplicate, due to agriculture being a less sensitive issue for trade between the EU and Singapore.
Minister targeting top Swiss banks' 'new business units'
Bahamas' Minister of Financial Services is this week aiming to encourage three of the largest Swiss private banks to domicile “new business units” in the Bahamas, under the auspices of a new deal under the EU EPA.
Financial services to be kept out of SAFTA talks: Government
The government has decided to exclude financial services from the SAARC agreement on trade in services, following strong objection from the Reserve Bank of India, or RBI. The central bank has argued that India has already allowed access to foreign banks under the World Trade Organization agreement.
Proposed Indian tax rule could impact free trade talks with the EU and Canada
The government proposes to levy a heavy retrospective tax on some international mergers that would allow it to tax any overseas merger dating back to 1962 when an underlying Indian asset was transferred.