News

Indonesia will open Tax Haven Island to stop overseas investment in Singapore

The government based in Jakarta has released plans to reserve two Indonesian islands near Singapore for the purpose of having its own tax haven to prevent taxpayers from keeping their investments overseas in rival jurisdiction Singapore.


Barclays Bank continues de-risking strategy actions

Barclays Bank has announced it will be continuing its retreat from the overseas banking business by discontinuing its banking services for non-residents in the Seychelles.


Putin wants to keep foreign companies in the state procurement system

The president of Russia, Mr Vladimir Putin has spoken publicly, stating that it would be wrong to expel foreign-funded companies from the system of state procurement. It has been aired within the "Business Russia" forum and broadcast on the Russia 24 channel.