ATI Newswire - Subscriber Only

China strengthens anti-money-laundering obligations

August 11, 2021

BEIJING - New measures for the Supervision and Administration of Anti-Money Laundering and Counter-Terrorist Financing of Financial Institutions recently promulgated by the People's Bank of China (PBOC) came into effect on August 2021. Among other things, the Measures expand the scope of applicable entities, provide specific details of internal control and risk management requirements and increase PBOC's supervision and administration powers.

Port operator’s earnings a pointer to recovery in global trade

August 5, 2021

MANILA - In a significant announcement for global trade, the Philippines-headquartered port operator and developer, International Container Terminal Services, Inc. (ICTSI), has revealed a net income increase of 73% for the first half of 2021, to US$196.7 million. Earnings before tax and interest across all three of ICTSI's three geographic segments - Asia-Pacific, the Americas, and Europe, the Middle East and Africa - exceeded ICTSI's  2019 pre-pandemic performance.

China fury over Japan ‘security dialogue’ with Taiwan

August 27, 2021

BEIJING -- China today expressed strong opposition to the first-ever round of security talks between the ruling parties of Japan and Taiwan, lodging a formal protest  with Japan. China's Global Times newspaper, which reflects official views, quoted "mainland experts" as warning Japan that "such attempts of self-comfort and catering to the US' Indo-Pacific strategy to contain the mainland may provoke a strong backlash from Beijing".