With Singapore being a regional hub for multinational companies3and home for over 4,000 startups4, the country’s banks have an array of services for businesses of all sizes and industries. Opening a corporate bank account is a straightforward process for locals and foreigners alike, as long ...
The possible crucial role of international bank lending in the transmission of adverse economic disturbance from advanced economies to emerging economies in the recent global financial crisis has once again placed this type of capital flows into sharper scrutiny both in academic and policy discussions. ...
The report comes after Singapore busted a $2.24 billion money laundering ring run by foreigners, with the last of 10 offenders sentenced on June 10. The criminals held money in bank accounts in Singapore and converted some into real estate, cars, handbags and jewelry. Since the money launderin...
Section 3 presents key trends and stylized facts on international banking flows to five Southeast Asian economies (Indonesia, Malaysia, Philippines, Singapore, Thailand) and the Republic of Korea. As will be shown in the discussion, these six economies are known for their reliance on international ...
Singapore banks take the plunge.Focuses on the banking sector in Singapore. Banks that survived the shrinking sector; Reasons given by Singaporean bankers for staff turnovers; Factors that caused Singaporean bankers to dismiss their ventures in Indonesia and other Asian markets. INSET: FOREIGNERS ...
As an international banking brand, HSBC is a popular choice for foreigners in Hong Kong, as you can access services locally and in many other global regions. As well as opening your day to day account in Hong Kong dollars, you can open foreign currency account products including savings accou...
from across the banking world, including former bankers, analysts, investors, and entrepreneurs. All have in-depth knowledge and experience in various aspects of international banking. In particular, they have expertise in banking for foreigners, non-residents, and both foreign and offshore companies...
If you’re interested in learning more about how you can open a bank account in Turkey, you’re in luck. We cover everything you need to know in our free article Finding the Best Bank for Foreigners in Turkey. Labuan Banking The last alternative banking option in Asia you could consider...
For everyday banking, theKBank Savings Accountcould be a good choice. It’s available to both residents and foreigners, and offers everything you need for daily transactions. Businesses can choose from accounts, loans, payment and collection services, international trade solutions, insurance and com...
Will foreigners be able to utilize this currency? Will taxes change based on a CBDC? Realistically, these questions will be answered differently with every implementation in various countries. Much like today’s current variety of financial policies in countries all over...