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.

19 March 2024

IRELAND: Confidential Memo Unveils Risks of Money Laundering & Tax Evasion in Ireland’s Golden Visa Scheme

A recent examination of Ireland’s Golden Visa program found that 90 per cent of applicants, primarily from China, lacked any clear connection to Ireland.A confidential memo from the Irish Department

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14 November 2024

UAE: UAE elevates global finance status with advanced AML/CFT reforms

The UAE has made significant strides in enhancing its Anti-Money Laundering, Countering the Financing of Terrorism, and Proliferation Financing (AML/CFT/CPF) frameworks. According to WorkFusion, this

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12 February 2024

ASIA: Kuwait and UAE Sign Landmark Agreement to Prevent Double Taxation and Tax Evasion

In a significant move towards strengthening financial ties, Kuwait and the UAE have signed an agreement to prevent double taxation and tax evasion. The pact, signed at the 8th Arab Public Finance Forum

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24 May 2024

SINGAPORE: Singapore issues S$2.5 billion green bonds

The Singapore government returned to the Singapore dollar bond market on May 21 with another issuance of green bonds amounting to S$2.5 billion (US$1.85 billion). This is Singapore’s third offering

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