Thursday, 21 September 2017
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Industry Updates

Conclusion of the ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA) and the ASEAN-Hong Kong, China Investment Agreement (AHKIA)

The Economic Ministers of ASEAN and Hong Kong, China (HKC) announced the conclusion of the ASEAN-HKC Free Trade Agreement (AHKFTA) and the ASEANHKC Investment Agreement (AHKIA) at the Second ASEAN Economic Ministers (AEM)-HKC Consultations held on 9 September 2017 in Pasay City, the Philippines.

SC announces Senior Management Appointments

Securities Commission Malaysia (SC) today announced several key senior appointments.

Drug Menace, Terrorism, Other Regional Problems up in 38th AIPA

MANILA, Philippines - Lawmakers belonging to the Association of Southeast Asian Nations (ASEAN) will have another opportunity to discuss the drug and terrorism problems when they meet anew at the 38th ASEAN Inter-Parliamentary Assembly (AIPA) General Assembly to be held at the Makati Shangri-la Hotel from September 14 to 20, 2017.

SGX RegCo announces Board Members; Operational Start on 15 September

Singapore Exchange Regulation (SGX RegCo) has appointed Mr Alan Shaw, Ms Jane Diplock AO and Mr Ronny Tan to its board. The company will begin operations on 15 September 2017.

Public Alert on Scam IRAS Email

IRAS would like to alert the public that a scam email titled “Inland Revenue Authority of Singapore-Refund-Online-Confirmation” has been circulating. The email carries a message that the recipients are eligible to receive a tax refund and that they are to click on the link provided in the email to download and fill out the tax refund form.

Low-income Earners to receive New Social Welfare Cards

BANGKOK, 12th September 2017 (NNT) - A list of low-income earners eligible for the government's social welfare program will be revealed this Friday.

ASEAN Meet explores Issues related to Tariff Commitments, Rules under ATIGA

KUALA LUMPUR, Sept 12 (Bernama) - The discussions on Association of South-East Asian Nations' (ASEAN) internal economic-related affairs, which were held in the Philippines at the 31th ASEAN Free Trade Agreement Council, explored issues related to tariff commitments and applicable rules under the ASEAN Trade in Goods Agreement (ATIGA).

November 17 is National Students’ Day Soon

The House of Representatives, through viva voce voting, this week approved on second reading House Bill 6283 which seeks to declare November 17 of every year as National Students’ Day in recognition of the contribution of student activism to Philippine democracy.

DOF adopting Faster Import Permit System

The Duterte administration is finalizing a new, faster system for securing import applications that currently involve more than 60 government agencies, as part of fresh measures to cut red tape and improve the ease of doing business in the country, according to Finance Secretary Carlos Dominguez III.

Jokowi asks Universities to advance e-Commerce Studies

Bandung, W Java (ANTARA News) - Indonesian President Joko "Jokowi" Widodo has asked universities to advance their e-commerce studies, particularly through the faculty of economy.

UMP refutes Claims on Malaysian Universities

KUANTAN, Sept 11 (Bernama) - Universiti Malaysia Pahang vice-chancellor Prof Datuk Dr Daing Nasir Ibrahim has refuted the claim made by Prof Dwight H. Perkins from Harvard University that Malaysian universities have failed to produce graduates who can drive the field of innovation and research.

Government proposes to set up Halal Industry Park

KUALA LUMPUR, Sept 11 (Bernama) - The government has proposed to establish a national halal industry park in an effort to expand the industry, says Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Malaysia becomes the First ASEAN Country to establish a Foreign Business Chamber in the Philippines

The Malaysia Chamber of Commerce and Industries Philippines, Inc. (MCCI), the first foreign chamber from the ASEAN Member States in the Philippines was officially launched on 6 September 2017 by YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry at the margins of the 49th ASEAN Economic Ministers’ (AEM) Meeting and Related Meetings which taking place in Pasay City, the Philippines from 4 to 11 September 2017.

Deadline for Migrant Worker Verification extended for Another Two Weeks

BANGKOK, 8 September 2017 (NNT) - The employment verification process deadline for migrant workers has been extended by another two weeks pending the interviewing with some 80,000 migrant workers.

City Authorities register Foreign Workers

Vientiane labour authorities have opened centres to register the foreign workforce in the capital, aiming to issue temporary work permits for those who are currently working illegally.

Sexual Crimes against Children, Punishment should be a Deterrent - Azalina

KUALA LUMPUR, Sept 8 (Bernama) - The 48-year jail and 24-strokes of the cane imposed by the Court For Sexual Crimes Against Children on a father who committed 623 counts of sexual offences on his daughter would hopefully be a lesson to the public.

Government Never intervenes in Judicial Process, confirms DPM Prawit

BANGKOK, 10 September 2017 (NNT) - Deputy Prime Minister and Defense Ministry Gen Prawit Wongsuwan has denied an allegation that the government is meddling in the justice system.

ASEAN-Korea Free Trade Area increases Bilateral Trade by 92.3 per cent

KUALA LUMPUR, Sept 10 (Bernama) - Bilateral trade between ASEAN and South Korea has increased by 92.3 per cent to US$118.84 billion in 2016 from US$61.81 billion in 2006 since the ASEAN-KOREA Free Trade Area (AKFTA) took effect in 2007.

Monetary Policy Statement

At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent.

Industry Updates

Work in all Courts Nationwide suspended Thursday: SC

MANILA - The Supreme Court (SC) announced the suspension of work in all courts nationwide on Thursday, September 21, in connection with President Rodrigo Duterte's declaration of the said date as National Day of Protest.

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Budget 2018: 13,837 Ideas, Proposals from the Public received

KUALA LUMPUR, Sept 20 (Bernama) - Datuk Seri Najib Tun Razak said today that 13,837 ideas and proposals were received through the Budget 2018 'crowdsourcing' campaign carried out for 15 days from Sept 4 to 18.

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Malaysia-Thailand to ink MoU on Security Cooperation

BANGKOK, Sept 20 (Bernama) - There will be closer security cooperation between Malaysia and Thailand with the establishment of a Joint Committee on Security Cooperation, according to a cabinet resolution document released by the Thai government.

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MAS sets up International Advisory Panel for Cyber Security

Singapore, 20 September 2017 - The Monetary Authority of Singapore (MAS) announced today that it has established a Cyber Security Advisory Panel (CSAP), comprising cyber security thought leaders from around the world.

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SC asked to order Refund of Excess SMS Fee to Subscribers

MANILA - The Bayan Muna partylist filed a petition before the Supreme Court (SC) seeking to compel the country's major telecommunication companies to give a refund to their subscribers for overpriced text message rates amounting to more than PHP17.7 billion.

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Policymakers urged to study Proposed Shift to Federal System

MANILA - State think-tank Philippine Institute for Development Studies (PIDS) on Tuesday urged policymakers to undertake a comprehensive study of the proposed shift to a federal form of government which could address uneven developments in provinces and regions.

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BSP to continue Payment, Settlement Operations on September 21

MANILA - The Bangko Sentral ng Pilipinas (BSP ) will continue its payments and settlement operations on Thursday despite Malacanang's suspension of works in government offices and schools nationwide for that day.

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Indonesia, Croatia agree to strengthen Economic Cooperation

Jakarta (ANTARA News) - Indonesia and Croatia have agreed to enhance economic cooperation, the Indonesian Foreign Ministry said in a press statement released on Tuesday.

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Indonesia, Namibia agree to enhance Bilateral Trade Cooperation

Jakarta (ANTARA News) - Indonesias Foreign Affairs Minister Retno L. P. Marsudi has held a bilateral meeting with her Namibian counterpart Netumbo Nandi-Ndiatwah, and the two ministers agreed to intensify cooperation to boost bilateral trade.

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High Taxes, Competition choke Cheroot-Makers

Myanmar's traditional mini cigar, the cheroot, is near extinction as manufacturers struggle with high taxes, high production costs and stiff competition from imported and local cigarettes.

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EPF to boost Investments in Shariah-Compliant Private Equity Funds

KUALA LUMPUR, Sept 19 (Bernama) - The Employees Provident Fund (EPF) is prepared to increase its investments in shariah-compliant private equity (PE) funds, said its Investment Deputy Chief Executive Officer, Datuk Mohamad Nasir Ab Latif.

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BNM seeks More Focused Delivery of Mandates under Malaysian Development Financial Institutions

KUALA LUMPUR, Sept 19 (Bernama) - Bank Negara Malaysia (BNM) is planning to work with the leadership of local financial institutions and other stakeholders in government to address a more focused delivery of mandates under the Malaysian Development Financial Institutions.

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