Asia Pacific round-up: India inks US foreign account Tax Compliance Act, and more

10 Jul 15

A round-up of recent public finance stories from Asia Pacific you might have missed.

India inks US foreign account Tax Compliance Act

India and the US signed an inter-governmental agreement to implement the Foreign Account Tax Compliance Act (FATCA) towards greater transparency between the two countries on tax matters. (New Indian Express)

New Zealand may hit FY15 surplus after all

The latest government accounts increase the odds New Zealand might hit its an oft-promised budget surplus in the fiscal year to June 30 2015. (Nasdaq)

Australia budget facing multi-billion dollar hit after record fall in iron ore prices

The Abbott government is facing the possibility of a multi-billion dollar hit to budget revenues after the global iron ore price collapsed overnight. (Sydney Morning Herald)

Former IMF economist Veerathai named Thai central bank governor

Thailand's military-led government on Tuesday selected for central bank governor a former International Monetary Fund economist who analysts expect to be pragmatic and to get on smoothly with the Finance Ministry. (Reuters)

Malaysia's Public Accounts Committee to question initial findings on 1MDB

The Public Accounts Committee (PAC) has set aside two days to question Auditor-General Tan Sri Ambrin Buang over his initial findings on state investor 1Malaysia Development Bhd (1MDB). (Straits Times)

  • Judith Ugwumadu
    Judith Ugwumadu

    Judith writes about public finance, public services and economics across Public Finance International and Public Finance. She previously undertook reporting stints at Financial Adviser, Global Security Finance and The Sunday Express.

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