Other Asia Pacific

Bangladesh Considers Introducing Market-based FX Rates

By Editors | 18/09/2022

Recent rate fixing is called “discriminatory” against exporters. A new legal framework is being set out to facilitate the confiscation of unreported offshore assets.

Capital / Liquidity

Vietnam: SBV Grants Banks Additional Credit Growth Quotas

By Editors | 17/09/2022

Vietcombank and Agribank were among those granted higher credit growth rate quotas, amid growing calls for the mechanism to be scrapped altogether.

Big Picture

ASIFMA Offers Guidance on Identifying Labour-related ESG Risks

By Manesh Samtani | 08/09/2022

ASIFMA’s new paper says open dialogue and engagement is needed for investors to better understand the labour practices of investee companies.

ESG / Sustainability

Sri Lanka SEC, CSE Sign MOU with Accounting Body on ESG

By Duruthu E Chandrasekera | 08/09/2022

MOUs with CFA Society and CA Sri Lanka were signed as a prelude to the establishment of an ESG index by the CSE.

ESG / Sustainability

Climate-focused PE Body Launches APAC Chapter

By ESG Investor | 08/09/2022

Expansion aims to support private markets efforts to reduce GHG emissions and speed-up net zero transition.

Sri Lanka to Face Challenges Implementing IMF Conditions

By Duruthu E Chandrasekera | 07/09/2022

Economists say the package will not be a panacea for Sri Lanka’s problems, with the economy already shrinking due to policies recommended by the IMF.

Market Infrastructure

Bangladesh Bank to Enable FX Clearing via RTGS System

By Editors | 01/09/2022

Banks can clear USD, GBP, EUR, CAD and JPY through the RTGS system starting from 4 September. CNY clearing will be allowed “soon”.

Bangladesh NBFIs to Require Approval for All Director Appointments

By Editors | 31/08/2022

The move is aimed at strengthening corporate governance, following a string of frauds and loan scandals in the NBFI sector.

Securities / Derivatives

Sri Lanka Launches Third Phase of Capital Market Digitisation

By Duruthu E Chandrasekera | 30/08/2022

SEC chairman Viraj Dayaratna said the CSE will introduce new products, including paper gold, SPACs, Islamic products, structured warrants and green bonds.