Asia and the Pacific

Asia and the Pacific

BIR Issues Rules on Tax Treatment of Islamic Banks

The Bureau of Internal Revenue (BIR) has issued the guidelines to implement the neutral tax treatment of equivalent transactions between Islamic banks and conventional...

Sukuk Issuances to Rise in 2H20 Amid Low Interest-Rate Environment

Sukuk issuances are set to rise in the second half of 2020 (2H20), as corporate issuers take advantage of the low interest-rate environment in...

Moody’s Upgrades Pakistan’s Outlook From ‘under Review For Downgrade’ to Stable

Moody’s upgraded Pakistan’s outlook from ‘under review for downgrade to stable’, and maintained a B3 rating here on Saturday. Moody—the credit rating agency, confirmed...

Halal Poultry Supplier Partnering with McDonald’s Indonesia on Blockchain Food Traceability

Poultry company PT Belfoods is working with McDonald’s to introduce food traceability tools in the fast food giant’s restaurants in Indonesia. Belfoods is a subsidiary...

MARC Affirms DRB-Hicom Sukuk, Lowers Outlook to Stable

Malaysian Rating Corporation (MARC) has affirmed its ratings DRB-Hicom Bhd’s two Sukuk programmes but lowered the outlook to stable from positive due to challenging...

SAR Could Be Important Green Bond Markets for Portuguese-Speaking Countries

The Director of the University of Macau (UM) Asia Pacific Academy of Economics and Management told Lusa that Hong Kong and Macau could become...