INDUSTRY UPDATES

CAD and MAS warn Investors about trading on unregulated Online Platforms

Singapore, 31 May 2018 - The Commercial Affairs Department (CAD) of the Singapore Police Force and Monetary Authority of Singapore (MAS) advise the public to exercise extreme caution when dealing with unregulated online trading platforms.
Date: 31 May 2018; Type: Industry Updates; Source: Monetary Authority of Singapore

NLA hosts Seminar on Draft Fiscal 2019 Budget Expenditure Law

BANGKOK, June 4 (NNT) - The National Legislative Assembly has led a seminar to discuss the preparation of a draft law on the fiscal 2019 budget expenditures.
Date: 04 June 2018; Type: Industry Updates; Source: National News Bureau of Thailand

Duterte, Moon vow to boost Bilateral Ties

MANILA, June 4 (PNA) - Philippine President Rodrigo R. Duterte and South Korean President Moon Jae-in have both vowed to boost bilateral ties between their respective countries to move forward individually and collectively.
Date: 04 June 2018; Type: Industry Updates; Source: Philippine News Agency

Workers Group urge BIR: Refund P20-B 'Illegally Collected' Tax

MANILA, June 4 (PNA) - A labor organization on Monday urged the Bureau of Internal Revenue (BIR) and Department of Finance (DOF) to comply with the Supreme Court (SC) decision ordering them to return an estimated PHP20 billion, including interest, that were unlawfully collected from millions of minimum-wage employees in 2008.
Date: 04 June 2018; Type: Industry Updates; Source: Philippine News Agency

LTFRB reminds PUV Drivers on Student Fare Discount

MANILA, June 4 (PNA) - The Land Transportation Franchising and Regulatory Board (LTFRB) reminded Public Utility Vehicle (PUV) drivers to grant students a 20-percent fare discount when classes start on Monday.
Date: 04 June 2018; Type: Industry Updates; Source: Philippine News Agency

Mandalay to rethink Wheel Tax Collection

Mandalay, June 4 (MMT) - The Mandalay City Development Committee (MCDC) has announced it will rework the collection of tolls and the wheel tax on vehicles without opening a new tender for the last six months of the 2018-2019 fiscal year.
Date: 04 June 2018; Type: Industry Updates; Source: Myanmar Times

Court rejects Remand Extension of two STAGG Officers

PUTRAJAYA, June 4 (Bernama) - The Putrajaya Magistrate's Court today dismissed an application to extend the remand order on two Bukit Aman's Special Task Force for Anti-vice, Gaming and Gangsterism (STAGG) officers.
Date: 04 June 2018; Type: Industry Updates; Source: Bernama

Tun Zaki weighs in on Issue of AG Appointment

KUALA LUMPUR, June 4 (Bernama) - Former Chief Justice Tun Zaki Azmi said the Yang di-Pertuan Agong is required by law to comply with the government's recommendation to appoint senior lawyer Tommy Thomas as the Attorney-General.
Date: 04 June 2018; Type: Industry Updates; Source: Bernama

CEP to announce Proposal on Mechanism to control Price of Goods

KUALA LUMPUR, June 4 (Bernama) - The Council of Eminent Persons will soon announce among others, a proposal to control the price of goods to ensure their market price matches the zero rated Goods and Services Tax (GST).
Date: 04 June 2018; Type: Industry Updates; Source: Bernama

RTD to open Bidding for Special 'Malaysia' Plate Numbers Next Month

PUTRAJAYA, June 4 (Bernama) - The Road Transport Department (RTD) will open the bidding for the special 'Malaysia' series of vehicle registration numbers from July 2 to 16, in conjunction with the 61st Merdeka Day celebrations, said Transport Minister Anthony Loke Siew Fook.
Date: 04 June 2018; Type: Industry Updates; Source: Bernama

Zero GST for Life, General Insurance and Takaful Products

KUALA LUMPUR, June 4 (Bernama) - The General Insurance Association of Malaysia (PIAM), Life Insurance Association of Malaysia and Malaysian Takaful Association announced that life and general insurance companies and takaful operators in Malaysia will be charging the Goods and Services Tax (GST) at zero per cent effective June 1, 2018.
Date: 04 June 2018; Type: Industry Updates; Source: Bernama

Open Tender System will not sideline Bumiputera Contractors

KUALA LUMPUR, June 3 (Bernama) - The open tender system adopted by the Pakatan Harapan government for all Federal and state projects will not sideline Bumiputera contractors, says Finance Minister Lim Guan Eng.
Date: 03 June 2018; Type: Industry Updates; Source: Bernama

ABLI releases a Compendium on Regulation of Cross-Border Data Transfers in the Wider Asian Region

Singapore, 1 June 2018: Asian Business Law Institute (ABLI) has published a compendium of 14 reports on the regulation of cross-border data transfers in the wider Asian region (Australia, China, Hong Kong SAR, India, Indonesia, Japan, South Korea, Macau SAR, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam). This is the second p ...
Date: 01 June 2018; Type: Industry Updates; Source: Asean LIP Reporter

Zero GST for Proceedings administered by AIAC

Kuala Lumpur, 1 June 2018: All tax invoices issued by the Asian International Arbitration Centre (AIAC) for its administrative fees will reflect the revised 0% GST rate with effect from 1 June 2018. This follows the coming into effect of the Good & Services Tax 2018 (Rate of Tax) (Amendment) Order 2018, which adjusts GST rate in Malaysia from 6 ...
Date: 01 June 2018; Type: Industry Updates; Source: Asean LIP Reporter

MIArb-AIAC Seminar on Advantages of ADR

Kuala Lumpur, 4 June 2018: The Malaysian Institute of Arbitrators (MIArb) and the Asian International Arbitration Centre (AIAC) are jointly organizing a seminar on “The Advantages of Alternative Dispute Resolution in the Resolution of Disputes” at 6 pm on 7 June 2018 (Thursday) at Bangunan Sulaiman, AIAC.
Date: 04 June 2018; Type: Industry Updates; Source: Asean LIP Reporter

Government to wait for Court Ruling on Foreign Minister

BANGKOK, June 1 (NNT) - Thailand's Government has called for an investigation into the Election Commission's (EC) ruling that the Minister of Foreign Affairs is unfit for office.
Date: 01 June 2018; Type: Industry Updates; Source: National News Bureau of Thailand

Labor Minister holds Meeting on Impact of New Alien Worker Law

BANGKOK, June 2 (NNT) - The Ministry of Labor hosted a joint meeting this week to hear opinions on the impact of the Management of Foreign Workers Employment Act which came into force last year.
Date: 02 June 2018; Type: Industry Updates; Source: National News Bureau of Thailand

JBC opens Applications for CA justice, 42 Judge Posts

MANILA, June 3 (PNA) - The Judicial and Bar Council (JBC) has opened a post in the Court of Appeals after Associate Justice Socorro Inting was appointed last May 3 as commissioner of the Commission on Elections (Comelec).
Date: 03 June 2018; Type: Industry Updates; Source: Philippine News Agency

WHO encourages Indonesia to raise Cigarettes Tax

Jakarta, June 1 (ANTARA News) - World Health Organization (WHO) has encouraged Indonesian authority to raise cigarette customs and tax as it would not hurt industry and tobacco farmers.
Date: 01 June 2018; Type: Industry Updates; Source: Antara

ASEAN to forge Closer Cooperation on Cyber Security

Jakarta, May 31 (ANTARA News) - The Association of Southeast Asian Nations (ASEAN), under the chairmanship of Singapore this year, is giving a priority to cyber issues, especially cyber security.
Date: 31 May 2018; Type: Industry Updates; Source: Antara

INDUSTRY UPDATES

SC sets Ground Rules for Oral Arguments on Writ of Kalikasan

MANILA, Jun 25 (PNA) - The Supreme Court (SC) on Tuesday issued guidelines for the July 2 oral arguments on the writ of kalikasan suit filed by petitioners seeking assertive government action on the disputed Ayungin Shoal, Panganiban Reef, and Panatag Shoal.

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Police Chief bans Mass Rally outside Constitutional Court Building

Jakarta, Jun 25 (ANTARA) - Police has banned mass rallying outside the Constitutional Court (MK) building during the court's Consultative Meeting of Judges before it gives a ruling on the presidential election dispute, Indonesian Police Chief Gen. Tito Karnavian emphasized.

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Government plans to build New Shah Alam Court Complex - Liew

SHAH ALAM, Jun 24 (Bernama) - The government plans to build a new Court Complex in Shah Alam to replace the existing building, said Minister in the Prime Minister’s Department Datuk Liew Vui Keong.

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Niosh offers free needs Analyses for Sabah and Labuan Workplaces

KOTA KINABALU, Jun 24 (Bernama) - The National Institute of Occupational Safety and Health (NIOSH) stands ready to conduct free needs analyses of workplace safety for organisations in Sabah and the Federal Territory of Labuan, with the aim of identifying appropriate training required.

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Ministry launches Sexual Predation Awareness Campaign

PUTRAJAYA, Jun 24 (Bernama) - The Women, Family and Community Development Ministry today launched a sexual predation awareness campaign via digital medium Youtube.

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Ambushed fiscal named Mindoro judge

MANILA, Jun 21 (PNA) - A female prosecutor who was shot and wounded as she was entering her home in Oriental Mindoro last June 10 is among the newly-appointed judges, Justice Secretary Menardo Guevara announced on Friday.

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ASEAN Chamber of Commerce, UiTM ink MoU to collaborate in Various Areas

KUALA LUMPUR, Jun 22 (Bernama) - ASEAN Chamber of Commerce and Universiti Teknologi Mara (UiTM) have inked a memorandum of understanding (MoU) to pave the way for collaboration in various areas of entrepreneurship, including research.

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President Jokowi to attend 34th ASEAN Summit in Thailand

Jakarta, Jun 20 (ANTARA) - Indonesian President Joko Widodo will attend the 34th ASEAN Summit in Bangkok, Thailand, from June 22 to 23, 2019.

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PCC OKs East West purchase of PBCOM Auto Loan Portfolio

MANILA, Jun 19 (PNA) - The Philippine Competition Commission (PCC) approved the acquisition by East West Banking Corporation (East West) of the auto loan portfolio of Philippine Bank of Communications (PBCom).

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RI hopes for Progress in Timor Leste joining ASEAN

Jakarta, Jun 19 (ANTARA) - The Indonesian government has expressed its hopes that the ongoing evaluation of Timor Leste will result in its becoming a member of the Association of Southeast Asian Nations (ASEAN).

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MyCC to focus Efforts on Monitoring Cement Industry

KUALA LUMPUR, Jun 19 (Bernama) - The Malaysia Competition Commission (MyCC) says it will focus its efforts on consistently monitoring the cement industry in order to complement the government’s initiative in protecting the welfare of consumers.

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Amended Code did not affect Conflict of Interest - Witness

KUALA LUMPUR, Jun 18 (Bernama) - The Code of Ethics for Administration Members and Members of Parliament was amended by the Cabinet in 2013 but did not affect the conflict of interest provision, according to a Cabinet former deputy secretary-general (Constitution and Communication).

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Court urges Johor PTG to meet Orang Asli to settle Compensation Issue

JOHOR BAHRU, Jun 18 (Bernama) - The High Court here today encouraged the state Land and Mines Office (PTG) to engage in discussions with the Seletar tribe Orang Asli of Kuala Masai with the aim of settling compensation due as a result of wrongful acquisition of their land in Stulang Laut.

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Ex-CJ speaks out against Lawyers' Tendency to seek Postponements

KUALA LUMPUR, Jun 16 (Bernama) - Former Chief Justice Tun Zaki Azmi has spoken out against the tendency by certain defence lawyers to seek postponements of cases being heard in court.

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New Competition Commission already under Fire

Myanmar’s professed commitment to competition reform has come under fire after the government packed the new Competition Commission with bureaucrats serving under a minister.

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NA Deputies give Opinions on Revised Labour Code

Hanoi, Jun 12 (VNA) - The revised Labour Code will the focus during the sitting of lawmakers on June 12 in the ongoing 7th session of the 14th National Assembly.

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Ability to pay Taxes Online a Boon for Vietnam’s Import-Export Businesses

Hanoi, Jun 6 (VNS/VNA) - Around 99 percent of import and export tax payments in Ho Chi Minh City are made online, according to the customs department.

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OWWA joins Urban Poor Caravan

MANILA, Jun 8 (PNA) - The Overseas Workers Welfare Administration (OWWA) will be joining the Presidential Commission for the Urban Poor (PCUP) caravan to inform the public of its programs on overseas employment.

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