Tag: sri lanka

Manik Chhabra has been appointed Deutsche Bank’s head of global corporate coverage for India and Sri Lanka, effective August 19.

The German lender is eyeing greater corporate reach in Asia with an FX platform that enables more choice over local currency payment

Corporates will now save on tariffs, but what about the treasurer? Measures such as IP protection and production quality are the meat in most FTAs.

Does the inauguration of the 45th president of the United States spell the beginning of the end for American companies outsourcing work to cheaper Asian countries?

Brexit and Trump may be giving Western companies pause for thought, but Sri Lanka believes it can still achieve its potential as a global outsourcing destination.

In a country still wedded to paper and chops, a Sri Lankan garment manufacturer pioneers technological change through its shared services centre.

The government is prioritising an FX regime overhaul, but what difference will it make for corporates?

*China outlines debt-for-equity swap plan *Hong Kong to set up financial enforcement teams *Basel Committee reports progress in finalising global regulatory framework

Sri Lanka’s prime minister has announced plans to revise the law that restricts foreign exchange flows into and out of the country, but exporters are not holding their breath.

*China opens RMB card clearing *Korea approves won-renminbi trade in China *Australia takes step toward fintech "sandbox" *Thailand wants stricter director disclosure rules

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…

As part of its exchange control liberalisation, Sri Lanka has relaxed certain restrictions on foreign currency accounts to make it easier for funds to flow in and out of the country.