finance | banking | taxes


Malaysia not bound to finalise FTA with US by 2007
Malaysia's International Trade and Industry Minister Datuk Seri Rafidah Aziz cited the financial sector as one area that Malaysia cannot open up at a faster pace. She noted that it was the US -- not Malaysia -- which made the approach on the FTA.
Nesac urges caution over US FTA talks
Thailand's National Economic and Social Advisory Council has urged the government to delay free trade negotiations with the US on financial services and take intellectual property rights and agriculture liberalisation off the agenda.
Some European countries call for endorsing Association Agreement with Syria
A source of the Higher Committee Specialized in Following up Issues of Partnership Association between Syria and EU has said that the EU has started to issue positive signals regarding agreement with Syria, particularly that some EU countries consider that there is no excuse for delaying signing the agreement after two years of initialing it.
China's largest bank plans India foray
After almost two years since Overseas Chinese Banking Corporation exited India, the biggest Chinese bank-Industrial and Commercial Bank of China (ICBC)-has evinced interest in setting up operations in India.
Singapore wants Mauritius-like tax agreement with India
Singapore is likely to ask India to re-visit the provisions of the bilateral Double Taxation Avoidance Agreement to bring it on a par with a similar agreement between India and Mauritius.
US calls for more flexible currency regime in Malaysia
The US would like to see greater exchange rate flexibility in Malaysia, US Treasury Under Secretary Timothy Adams said yesterday.
Thailand-US FTA talks likely to extend beyond April
Although the local political situation has become heated, with rumours on dissolving the parliament prevaling in the country, the Thai-US negotiations will continue, Naris Chaiyasoot, Director General of the Ministry of Finance's Fiscal Policy Office, said.
US meets resistance on full access to finance
A seminar heard yesterday that although US negotiators had asked Thailand to fully deregulate its financial services and allow US investors unrestricted stakes in the brokering and banking sectors, Bangkok was insisting that the sector was not ready to face direct competition.
US wants more concessions on beef imports: Official
The US will push Korea for further negotiations on resuming imports of US beef with parts attached to the bone included, an official with the US Embassy in Korea said Wednesday. This January, the Korean government partly lifted the ban to ease the way for free-trade talks.
GCC-India FTA to be signed in near future
The GCC-India free trade agreement (FTA) will open over a billion consumers' market for the Gulf countries.