Monday, 25 September 2017
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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.

PH hosts First Asean Inclusive Business Summit

Aims to introduce, build IB cases in the region.

ASEAN MSMEs need More Financial, Technical Support: Study

MANILA - While the Association of Southeast Asian Nations (ASEAN) has available programs and pushing for policies that will boost micro, small, and medium enterprises (MSMEs), the region needs to introduce more financial and technical support to MSMEs, an ASEAN study said.

UN praises Indonesia for protecting Migrant Worker's Rights

Jakarta (ANTARA News) - The UN Migrant Workers Committee has lauded the Indonesian government for optimally implementing the International Convention on the Protection of the Rights of All Migrant Workers and Members of Their Families.

300 SME Entrepreneurs participate in Khlong Phadung Krungkasem Market Fair

BANGKOK, 7 September 2017 (NNT) - The Office of Small and Medium Enterprises Promotion (OSMEP) has led 300 SME entrepreneurs to participate in Khlong Phadung Krungkasem market fair throughout the month of September.

Consumers can lose Big from Digital Piracy

KUALA LUMPUR, Sept 7 (Bernama) - The Communications and Multimedia Consumer Forum of Malaysia (CFM) has urged consumers to be more vigilant against the dangers of digital piracy that can affect them.

Reissuance of the Capital Adequacy Framework (Capital Components) and Capital Adequacy Framework for Islamic Banks (Capital Components)

The Bank wishes to inform that effective 4 August 2017, the Capital Adequacy Framework (Capital Components) and the Capital Adequacy Framework for Islamic Banks (Capital Components) policy document will be reissued to incorporate loss absorption mechanism via write-off for Additional Tier 1 (AT1) and Tier 2 Islamic capital instruments that are structured using equity-based Shariah contracts such as Wakalah, Musyarakah or Mudarabah.

New Work Pass Card and SGWorkPass Mobile App for easier checking for Work Pass Status

The Ministry of Manpower (MOM) will be introducing a new Work Pass (WP) [1] card with a QR code and a free mobile application called the SGWorkPass [2]. This new app will enable employers, pass holders and any other stakeholders to check the status of work passes with their smartphones.

ASEAN urged to widen Development through Inclusive Business

MANILA - The 10-member states of the Association of Southeast Asian Nations (ASEAN) are enjoined to promote inclusive business model in the region in order to achieve greater impact of development and reach the bottom of the pyramid.

MIC issues 13 New Business Permits in August, including One for Beer

The Myanmar Investment Commission (MIC) has approved the issuance of 13 permits, including one for a beer joint venture in Mandalay.

Migrant Worker Employment Verification comes to Final Day

RANONG, 6 September 2017 (NNT) - Many employers have brought their migrant workers to receive employment verification on the final day today.

MITI: Malaysia's Total Trade breaches RM1 Trln for Jan-July 2017

KUALA LUMPUR, Sept 6 (Bernama) - Malaysia's total trade breached the RM1 trillion mark for the first seven months of 2017 at RM1.008 trillion, while expanding by 22.7 per cent from the corresponding period of 2016, said the Ministry of International Trade and Industry (MITI).

LawSoc Members vote against Plan to sell Current Premises

The Law Society’s plan to sell its current premises to partially fund a new home was voted down by members.

Industry Updates

NLA takes part in 38th General Assembly of AIPA

BANGKOK, 24th September 2017 (NNT) - Members of the National Legislative Assembly (NLA) have taken part in the 38th General Assembly of the ASEAN Inter-Parliamentary Assembly convened in Manila.

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ASEAN Countries “Keen” and “Ready” for Belt and Road: HKTDC

AS the top destination of Chinese investments, ASEAN means business when it comes to the Belt and Road Initiative (BRI), a trade body said. The initiative is expected to require “staggering” infrastructural investments in Asia’s developing economies.

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e-Commerce lowers Entry Barriers, Operating Cost for MSMEs - MITI

KUALA LUMPUR, Sept 23 (Bernama) - e-Commerce has significantly lowered entry barriers and operating cost for businesses, particularly benefitting Micro, Small and Medium Enterprises (MSMEs), said Second International Trade and Industry (MITI) Minister, Datuk Seri Ong Ka Chuan.

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ASEAN, Dialogue Partners hope for End of Marawi Conflict Soon

MANILA - The ASEAN member states and its dialogue partners are hoping that the more than three-month fighting in Marawi be resolved soon.

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ASEAN Public Relations strengthen Regional Structure

Badung, Bali (ANTARA News) - Public relations and communication are keys to obtain public understanding and participation in order to strengthen the regional organization's position at the global level, Director General of Public Information and Communication at the Ministry of Communications and Information Technology, Rosarita Niken Widiastuti, stated here on Wednesday.

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OSMEP recognizes Hundreds of SMEs for Outstanding Work

BANGKOK, 21 September 2017 (NNT) - The Office of Small and Medium Enterprise Promotion (OSMEP) has held a ceremony to offer accolades to SME operators from across the country who have been successful in business.

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Labor Minister orders Investigation into Complication of employing Highland People

BANGKOK, 21 September 2017 (NNT) - The Minister of Labor has instructed Labor Ministry officials to investigate into the claim that employers do not receive convenience on submitting work permit application for highland people.

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ASEAN Lawmakers commend Alvarez

The 38th General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA) concluded Tuesday with delegates commending House Speaker Pantaleon Alvarez for his outstanding performance as president of AIPA.

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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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