Thailand, Philippines still planning to join ARFP

Neither the Philippines nor Thailand have lost interest in joining the Asia Region Funds Passport scheme, despite their surprise failure last week to sign the memorandum of cooperation. The participation of the Philippines has merely been stalled by an eligibility requirement in the ARFP memorandum, while Thailand’s signing has been delayed by internal processes, regulators from both countries said on Tuesday. Australia, Korea, Japan, and New Zealand have so far signed the 146-p…