INDUSTRY UPDATES

Locals not affected by Repeal of Workmen's Compensation Act

KULIM, Dec 2 (Bernama) - Local employees will not be affected by the abolition of the Workmen’s Compensation Act 1952, said Human Resources Minister M. Kulasegaran.
Date: 02 December 2018; Type: Industry Updates; Source: Bernama

Financial Industry shares Good Data Analytics use Cases to Fight Financial Crime

SINGAPORE, Nov 29 - The Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) Industry Partnership (ACIP) launched a paper today to encourage greater adoption of Data Analytics (DA) solutions by financial institutions.
Date: 29 November 2018; Type: Industry Updates; Source: Monetary Authority of Singapore

SC Continues to drive Digitisation of the Malaysian Capital Market

KUALA LUMPUR, Nov 28 - The Securities Commission Malaysia (SC) today urged financial services providers to embrace technology to develop a more inclusive, innovative and efficient capital market, in line with the government’s agenda to support the growth of the digital economy.
Date: 28 November 2018; Type: Industry Updates; Source: Securities Commission

Recognitions of Foreign Audit Firm and its Partner Withdrawn by AOB

KUALA LUMPUR, Nov 29 - The Securities Commission Malaysia’s (SC) Audit Oversight Board (AOB), has withdrawn the recognition of Singapore-based audit firm RT LLP and Su Chun Keat, who is a partner in the firm.
Date: 29 November 2018; Type: Industry Updates; Source: Securities Commission

Seniority Should Be the Overriding Factor in Elevation of Judges

The Malaysian Bar has congratulated the four Judges who were elevated to the Federal Court and the five Judges who were elevated to the Court of Appeal, on 26 November 2018, and wished them all the very best in their new positions in the Judiciary.
Date: 29 November 2018; Type: Industry Updates; Source: Malaysian Bar

PH Ambassador to Vietnam proposes improving Research on Harmonization of Legal Systems of ASEAN Countries

HANOI, Nov 23 - In his message at the 45th anniversary celebration of the Institute for Southeast Asian Studies in Hanoi on 14 November 2018, Ambassador to Vietnam Noel Servigon proposed that there should be more efforts to harmonize the legal systems of the Southeast Asian countries in order to ensure more efficient economic interaction in the reg ...
Date: 23 November 2018; Type: Industry Updates; Source: Department of Foreign Affairs

PH, Colombia hold Fourth Bilateral Consultation Mechanism Meeting

MANILA, Nov 28 - The Philippines and Colombia convened their 4th Bilateral Consultation Mechanism (BCM) meeting on 23 November 2018 at the Diamond Hotel in Manila.
Date: 28 November 2018; Type: Industry Updates; Source: Department of Foreign Affairs

ASEAN urged to promote Self Reliance to cope with Challenges

HÀ NỘI, Dec 1 - Over the past five decades since its foundation, ASEAN has made contributions to shaping peace, stability for development and promoting co-operation in the region.
Date: 01 December 2018; Type: Industry Updates; Source: Viet Nam News

Tax Measure for Shoppers designed to help Farmers: Revenue Department

BANGKOK, Dec 1 (NNT) - The tax deduction campaign for shoppers is largely designed to help farmers, said Revenue Department's (RD) Spokesman Pinsai Suraswadi.
Date: 01 December 2018; Type: Industry Updates; Source: National News Bureau of Thailand

Tax Discounts help boost Grassroots Economy: Revenue Department

BANGKOK, Dec 1 (NNT) - The Revenue Department (RD) has advised that the tax discount scheme on purchases of eligible items will benefit farmers and local communities.
Date: 01 December 2018; Type: Industry Updates; Source: National News Bureau of Thailand

Deployment of Troops under MO 32 only temporary

MANILA, Dec 2 (PNA) - The deployment of additional troops in provinces under Memorandum Order 32 is only temporary, Defense Secretary Delfin Lorenzana said late Thursday.
Date: 02 December 2018; Type: Industry Updates; Source: Philippine News Agency

Unauthorised Persons viewed over 200 Court Case Files Online

More than 200 court case files have been accessed by a few accused persons without authorisation through the State Courts' online case management system. Preliminary findings show that they had exploited a loophole in the Integrated Criminal Case Filing and Management System (ICMS), and viewed court documents in e-case files other than their o ...
Date: 29 November 2018; Type: Industry Updates; Source: Singapore Law Watch

Experts split over whether Android Box Apps are banned

While some industry experts are hailing news of the recent High Court move to order more piracy websites to be blocked as a ban on certain streaming applications preloaded on Android boxes, others are not so sure.
Date: 29 November 2018; Type: Industry Updates; Source: Singapore Law Watch

Judges split as to whether KR Navy Chief Should Stand Trial

The National and International Co-investigating Judges of the Extraordinary Chambers in the Courts of Cambodia (ECCC) was divided on Wednesday as to whether Meas Muth, a former Khmer Rouge naval commander, should have the charges against him of genocide of the Vietnamese, war crimes and premeditated homicide dropped.
Date: 29 November 2018; Type: Industry Updates; Source: Phnom Penh Post

Asean and South Korea discuss Investment

SEOUL, Nov 29 (VIETNAM NEWS/ANN) - The sixth Asean Connectivity Forum, the only forum on investment in Asean countries, opened on Tuesday in Seoul, South Korea.
Date: 29 November 2018; Type: Industry Updates; Source: Phnom Penh Post

Law and Regulations need Periodical Evaluation: Expert

Jakarta, Nov 3 (ANTARA News) - Expert in constitutional law said law regulations need to be evaluated periodically to keep them effective in the changing condition.
Date: 03 November 2018; Type: Industry Updates; Source: Antara

Prosecution slams Defence's 11th Hour Bid as Irresponsible

KUALA LUMPUR, Nov 29 (Bernama) - Datuk Sulaiman Abdullah today described as irresponsible the defence bid to challenge his appointment as the lead prosecutor in the SRC International Sdn Bhd case involving former prime minister Datuk Seri Najib Tun Razak at the eleventh hour.
Date: 29 November 2018; Type: Industry Updates; Source: Bernama

ASEAN Labour Ministers' Meeting adopts Three Resolutions - Kula Segaran

KUALA LUMPUR, Nov 29 (Bernama) - The 25th ASEAN Labour Ministers’ Meeting which concluded today adopted three resolutions - the Declaration on Promoting Green Jobs for Equity, Inclusive Growth of the ASEAN Community and the main agenda of the ASEAN Labour Sector’s deliberations for 2018-2020.
Date: 29 November 2018; Type: Industry Updates; Source: Bernama

Rosmah's Money Laundering Case transferred to High Court

KUALA LUMPUR, Nov 29 (Bernama) - The case of wife of former prime minister, Datin Seri Rosmah Mansor, who has been charged with 17 counts of money laundering and tax evasion will be heard at the High Court.
Date: 29 November 2018; Type: Industry Updates; Source: Bernama

Islamic Finance Rendezvous Series 2019

Bank Negara Malaysia, Association of Islamic Banking Institutions Malaysia (AIBIM) and Malaysian Takaful Operator (MTA), in collaboration with various agencies and business associations will be organising a business engagement programme entitled “Islamic Finance Rendezvous Series” on 14 January 2019 at Eastin Hotel, Bayan Lepas, Pulau P ...
Date: 27 November 2018; Type: Industry Updates; Source: Bank Negara

INDUSTRY UPDATES

MITI, MIDA, Intel hold IoT Forum to review Progress

KUALA LUMPUR, Dec 12 (Bernama) - The Ministry of International Trade and Industry (MITI), Malaysian Investment Development Authority (MIDA) and Intel Malaysia conducted the Internet of Things (IoT) Malaysia Forum 2018 yesterday to review IoT’s progress since its introduction five years ago.

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Unions request Government to set Workers’ Minimum Wage

Unions have asked the government to set the minimum wage for the construction and service sectors and to solve the five other major problems facing them, a statement released on International Human Rights Day on Monday said.

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Dewan Rakyat adjourns, Reform Agenda implemented - Speaker

KUALA LUMPUR, Dec 11 (Bernama) - The reform agenda of the Parliament was implemented at the second meeting of the first term of the 14th Parliament which came to a close today after sitting for 30 days since Oct 15.

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INDUSTRY UPDATES

Court proposes Mediation in Theresa Kok's Suit against Jamal

KUALA LUMPUR, Dec 11 (Bernama) - The High Court today proposed that Primary Industries Minister Teresa Kok who filed a libel suit against Datuk Seri Jamal Md Yunos over alleged misuse of Yayasan Warisan Anak Selangor (Yawas) funds, resolve the case via mediation.

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Vietnam, Laos boost Judicial Cooperation

Hanoi, Dec 10 (VNA) - Vietnamese Minister of Justice Le Thanh Long and his Lao counterpart Xaysi Santivong agreed to work closely together to launch a bilateral cooperation programme for 2019, during their talks in Hanoi on December 10.

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Nation marks Constitution Day

BANGKOK, 10th December 2018 (NNT) - Today marks National Constitution Day, observing the importance of the administrative document and celebrating its 20 incarnations throughout the democratic history of Thailand.

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INDUSTRY UPDATES

Court has Final Say on Trillanes' Travel Abroad: DOJ

MANILA, Dec 10 (PNA) - Justice Secretary Menardo Guevarra on Monday said the Bureau of Immigration (BI) will not prevent Senator Antonio Trillanes IV from traveling abroad if no travel ban is handed down by the courts against him.

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INDUSTRY UPDATES

Government concerned about Readiness of SMEs to adopt Industry 4.0

KUALA LUMPUR, Dec 10 (Bernama) - The Government is concerned about the readiness of local industries, particularly Small and Medium Enterprises (SMEs), to adopt Industry 4.0.

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INDUSTRY UPDATES

Memorandum of Understanding between Bank Negara Malaysia and Dubai Financial Services Authority

On 28 November 2018, Bank Negara Malaysia (BNM) and Dubai Financial Services Authority (DFSA) had signed a Memorandum of Understanding (MoU) on supervisory cooperation for effective supervision of banking and insurance/ takaful/ reinsurance institutions operating in both countries.

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DFA holds first ever Gender and Development Assembly

MAKATI, Dec 6- As part of the Department of Foreign Affairs’ (DFA) programs to continually mainstreaming gender and development (GAD) policies in its programs and activities, it hosted the agency’s first ever Gender and Development (GAD) Assembly at the Makati Diamond Residences on 06 to 08 November 2018.

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INDUSTRY UPDATES

Vietnam, Cambodia PMs attend Business Forum

Vietnam and Cambodia could make their two-way trade value at US$7-8 billion by 2020 as they have established sound cooperation across sectors and their governments have regularly taken measures to remove difficulties for businesses, Prime Minister Nguyen Xuan Phuc said.

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INDUSTRY UPDATES

Cambodia, Laos set to boost Bilateral Trade

Cambodia and Laos have pledged to boost trade and investment across their border, while trade volume between the two countries last year was just over $27 million, according to the Cambodian Ministry of Commerce.

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INDUSTRY UPDATES

Revenue Department says it does not collect Higher Tax from Online Merchants

BANGKOK, Dec 8 (NNT) - The Revenue Department has insisted that the Revenue Code Amendment Act draft is not intended to make online merchants pay more tax but to analyze the behavior of taxpayers.

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INDUSTRY UPDATES

New e-Payment Taxation to facilitate Online Retailers: RD

BANGKOK, Dec 7 (NNT) - The new e-payment taxation is designed to support the growth of electronic transactions and to help online retailers pay the tax more conveniently, said Revenue Department's (RD) Spokesman Pinsai Suraswadi.

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INDUSTRY UPDATES

Education minister stresses the Importance of “Rule of Law”

BANGKOK, Dec 8 (NNT) - Education Minister Teerakiat Jareonsettasin has attended a conference with education related officials, stressing the importance of the “rule of law” when introducing policies.

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Go hails Silay City for Fair implementation of Law

MANILA, Dec 7 (PNA) - Former Special Assistant to the President (SAP) Christopher Lawrence “Bong” Go on Friday commended Silay City for its fair implementation of laws and ordinances even if it resulted in the removal of a tarpaulin bearing his name at the city plaza.

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JBC opens Application for SC, LEB Vacancies

MANILA, Dec 7 (PNA) - The Judicial and Bar Council (JBC) on Friday opened the application for the vacancy in the 15-man Supreme Court (SC).

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Supreme Court suspends Judge over alleged Graft Case

Jakarta, Dec 8 (ANTARA News) - The Supreme Court has decided to temporarily suspend a Semarang district court judge after the Corruption Eradication Commission (KPK) named him a suspect in a graft case.

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