Foreign
Africa’s new online foreign exchange system will enable cross-border payments in local currencies – what you need to know – Beragampengetahuan
Christopher Adam, University of Oxford The high cost of making cross border payments on the African continent has driven governments on the continent to seek options of settling trade and other transactions in local currencies. This has given birth to the Pan-African Payment and Settlement System which is scheduled to go live in 2024 under […]
Values-based or transactional? Comparing the foreign policies of Indonesia’s presidential candidates – Beragampengetahuan
Photo from Canva. Foreign policy is a topic that rarely dominates election campaigns – Indonesia is no exception. Nonetheless, the implications for the international community are very important. Indonesia has long been known for what it calls its ‘free and active’ (bebas aktif) foreign policy. It says it maintains ‘freedom’ through a policy of nonalignment […]
60% foreign tax defaulters in Seongnam are ethnic Koreans from China – Beragampengetahuan
By Jung Da-hyun A total of 6,223 foreign residents of Seongnam in Gyeonggi Province were found to be behind in their tax payments and 59.2 percent of them were ethnic Koreans from China, according to the city government. Also, 571 Americans, 363 Chinese, 206 Canadians, and 185 Vietnamese residents of Seongnam just south of Seoul […]
Korea mulls raising ceiling of immediate tax refund for foreign tourists – Beragampengetahuan
A notice board provides details about tax refunds in central Seoul, Aug. 16. Korea Times photo by An Da-eun Korea is considering increasing the maximum limit of purchases eligible for immediate tax refunds by foreign visitors as part of its initiative to boost the tourism industry, the finance ministry said Monday. Finance Minister Choo Kyung-ho […]
S. Korean foreign ministry summons Russian envoy over NK ties – Beragampengetahuan
This photo shows South Korea’s Vice Foreign Minister Chang Ho-jin (right) calling in Russian Ambassador to South Korea Andrey Kulik (left). (Ministry of Foreign Affairs) The South Korean foreign ministry summoned the top Russian envoy to the country Tuesday to lodge a complaint over Moscow’s discussions of arms deals and military cooperation with North Korea. […]
Has There Been a Dent in Foreign Investors’ Love for U.S. CRE? – Beragampengetahuan
In spite of the disruption the U.S. commercial real estate market has faced over the past several years, cross-border investors continued to view it as one of the best places in the world to put their money. Then, however, came the Federal Reserve’s multiple interest rate hikes, rising inflation and recession fears. By the end […]