ASIA: South-east Asia poised for sustainable bond lift-off

While 2023 was a slowdown year for the sustainable bond market worldwide, the Asean+3 region (the 10 Association of Southeast Asian Nations plus China, Japan and South Korea) slowed down less than most. Thanks mainly to higher interest rates, global sustainable bond issuance declined from $896.1bn in 2022 to $846.2bn last year, or a 5.9 per cent drop, according to the Asian Development Bank’s Asia Bond Market March 2024 report.

But the Asean+3 region saw only a 1.4 per cent decline in sustainable bond issuance year-on-year in 2023, allowing the region’s share of the world’s market to inch up from 27.4 per cent in 2022 to 28.6 per cent in 2023. Sustainable bond issuance in Asean+3 totalled $242bn in 2023, only slightly below the eurozone’s $288.8bn.

20 April 2024

FINTECH: New Binance chief stresses importance of compliance

The new CEO of the world’s top crypto platform stressed the importance of regulatory compliance for Binance’s future success, months after its former chief executive pleaded guilty to violating

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21 August 2024

AFRICA: UN tax convention moves closer but African diplomats fail to win new support

The African Group has been the driving force behind the agreement but it is a fragile triumph. African diplomats have moved closer to setting up a new United Nations tax authority focused on illicit

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11 March 2024

UAE: What’s behind Dubai’s new 20% tax on foreign banks?

UAE’s Vice President and ruler of Dubai Mohammed bin Rashid Al Maktoum announced a new tax on foreign banks in the emirate on Thursday, representing another change to the country’s tax landscape.

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11 June 2024

FINTECH: Hong Kong and Switzerland Forge Stronger Ties in Fintech Innovation

Hong Kong and Switzerland are each making significant strides in the realm of blockchain and cryptographic technologies. Seeking to accelerate their advancements through collaboration, Invest Hong Kong

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