Tag: heng swee keat

Chongqing launches RMB programme with Singapore; Swift and CIPS to cooperate on cross-border interbank payment system; Singapore drops RTC tax rate to 8%; India and Sri Lanka sign $700m currency swap deal; SGE and HKEx ink MoU; and much more…

In what could be seen as a move against Hong Kong’s recent push to attract Chinese and MNCs to its shore, Singapore delivered a surprise cut to its concessionary tax rate for treasury centres located in the Lion City.