Thursday, 18 January 2018
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Cabinet passes 2019 Fiscal Budget worth THB3tn

BANGKOK, Jan 16 (NNT) - The Cabinet has given a green light to the 3-trillion-baht budget for the 2019 fiscal year, with a deficit of 450 billion baht. Mr Nattaporn Jatusripitak, Advisor to the Prime Minister’s Office Minister, made known that the Cabinet has endorsed the 2019 fiscal budget, which has been earmarked at 3 trillion baht, increasing by about 100 billion baht or 3.4 percent from 2018. Of the amount, 2.25 trillion baht is for regular expenditure while the other 660 billion baht is for public investment.

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Editor's Picks

CDC supports NLA Members' Plan to petition Constitutional Court about Anti-Corruption Law

Date: 16 January 2018; Type: Legal News; Source: National News Bureau of Thailand
BANGKOK, Jan 16 (NNT) - The chief of the Constitutional Drafting Commission has expressed his support for members of the National Legislative Assembly seeking a court ruling on the new anti-corruption law, which they think may be unconstitutional.

BOC revises Rules on Importers, Brokers Accreditation

Date: 17 January 2018; Type: Legal News; Source: Philippine News Agency
MANILA, Jan 17 (PNA) - The Bureau of Customs (BOC) has amended rules on the accreditation of importers and brokers in a bid to stop consignees-for-hire and fly-by-night importers and brokers.

Court dismisses Legal Firm's Application for Mandamus Order against Minister, Energy Commission

Date: 17 January 2018; Type: Legal News; Source: Bernama
IPOH, Jan 17 (Bernama) - The High Court here today dismissed an application by a legal firm for a mandamus order against Energy, Green Technology and Water Minister and the Energy Commission of Malaysia in connection with the method of rebate payment to consumers by Tenaga Nasional Berhad (TNB).
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Ending the Charade of Independent Directors

Date: 17 January 2018; Type: Media Article; Author: Angela Tan; Source: Singapore Law Watch
This article by Angela Tan opines that its good to see that the Corporate Governing Council is willing to move what it sees as 12 baseline market practices to the Singapore Exchange Listing Rules for mandatory compliance.

Benefits to Deferred Prosecution Agreements, but Concerns should be addressed: Experts

Date: 17 January 2018; Type: Media Article; Author: Siau Ming En; Source: Singapore Law Watch
This article by Siau Ming En opines that deferred prosecution agreement may help avert costly and lengthy investigation and criminal trials, but it might let errant companies off too lightly and undermines the deterrent effect of the law.

The rising Global Tide against Bribery

Date: 17 January 2018; Type: Media Article; Author: Vikram Khanna; Source: Singapore Law Watch
This article by Vikram Khanna points out that a new wave of anti-corruption activists actively expose companies that bribe, as laws and enforcement agencies go global.

Should Commercial Surrogacy be legalized?

Date: 17 January 2018; Type: Media Article; Author: Tan Seow Hon; Source: Singapore Law Watch
This article by Tan Seow Hon opines that promoting freedom of contract is not a strong argument for legalizing something like commercial surrogacy.

DOF submits CTRP Package Two to Congress

Date: 16 January 2018; Type: Legal News; Source: Department of Finance
The Department of Finance (DOF) has formally submitted to the House of Representatives this week the second package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) that aims to reduce Corporate Income Tax (CIT) rates and modernize fiscal incentives to investors.

Logistics Company Director sentenced to 40 Months’ Imprisonment and $8.7 Million Fine for dealing with Duty Unpaid Cigarettes

Date: 17 January 2018; Type: Legal News; Source: Customs Department
A logistics company director, Iskandar Bin Abu Bakar, 44, was sentenced by the State Courts on 15 January 2018 to 40 months’ imprisonment and a fine of $8.7 million, or in default 20 months’ imprisonment, for dealing with and storing of duty-unpaid cigarettes.

Discussions on Draft Organic Law on Senate Selection still underway

Date: 17 January 2018; Type: Legal News; Source: National News Bureau of Thailand
BANGKOK, Jan 17 (NNT) - The ad hoc committee on the draft organic law on the selection of Senators says the cross-group voting method could be replaced as long as it does not violate the constitution.

Manila Court orders Return of Tiamzons to jail

Date: 17 January 2018; Type: Legal News; Source: Philippine News Agency
MANILA, Jan 17 (PNA) - The Manila Regional Trial Court (RTC) ordered the arrest of communist leaders Benito and Wilma Tiamzon following the termination of peace talks between the government and communist rebels last November.

DOLE orders PLDT to regularize 8K Workers, pay P66-M Claims

Date: 17 January 2018; Type: Legal News; Source: Philippine News Agency
MANILA, Jan 17 (PNA) - The Department of Labor and Employment (DOLE) has ordered the Philippine Long Distance Telephone Company (PLDT) to regularize close to 8,000 contractual workers and to settle unpaid benefits amounting to PHP66 million.

CDO Executive suspended for slapping Traffic Enforcer

Date: 17 January 2018; Type: Legal News; Source: Philippine News Agency
MANILA, Jan 17 (PNA) - The Office of the Ombudsman has found Cagayan de Oro City Councilor Zaldy Ocon guilty of "conduct prejudicial to the best interest of the service" when he slapped a traffic enforcer in November 2016.

Bangladeshi Man fined RM1,300 for punching Company Director

Date: 17 January 2018; Type: Legal News; Source: Bernama
KUALA LUMPUR, Jan 17 (Bernama) - The Magistrate's Court here today fined a Bangladeshi cloth trader RM1,300 in default two months' jail for punching a director of a clothing company earlier this month.

Four Vietnamese Masseuses fined for flouting Visit Pass

Date: 17 January 2018; Type: Legal News; Source: Bernama
PETALING JAYA, Jan 17 (Bernama) - Four Vietnamese women were slapped with the maximum fine of RM1,000 each, in default a month jail, by the Magistrate's Court here today after they pleaded guilty to violating the terms of their social visit pass by working as masseuses in the country.

Farmer jailed for supporting Terrorism

Date: 17 January 2018; Type: Legal News; Source: Bernama
KUALA LUMPUR, Jan 17 (Bernama) - A farmer was sentenced to a total of 11 years' jail by the High Court here today for supporting terrorism and possessing items related to the Daesh terrorist group.

Appeals Court upholds RM1,500 Fine on Seri Setia Assemblyman

Date: 17 January 2018; Type: Legal News; Source: Bernama
PUTRAJAYA, Jan 17 (Bernama) - The Court of Appeal today upheld the RM1,500 fine meted out by the High Court on Seri Setia assemblyman Nik Nazmi Nik Ahmad for organising the "Black 505 " rally without a permit in 2013.

Telupid NRD Head jailed 18 Months, fined RM25,000 for Graft

Date: 16 January 2018; Type: Legal News; Source: Bernama
SANDAKAN, Jan 16 (Bernama) - A National Registration Department (NRD) registration assistant was sentenced to 18 months' jail and fined RM25,000, in default six months' jail, by the Sessions Court here yesterday for accepting a RM5,000 bribe in 2010.
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Cabinet passes 2019 Fiscal Budget worth THB3tn

BANGKOK, Jan 16 (NNT) - The Cabinet has given a green light to the 3-trillion-baht budget for the 2019 fiscal year, with a deficit of 450 billion baht. Mr Nattaporn Jatusripitak, Advisor to the Prime Minister’s Off ...

Government-Banks Roundtable Meeting to give Clearer Picture on Insolvency Act 1967 - Azalina Bursa Malaysia Securities publicly reprimands Ajiya Berhad for Breach of the Main Market Listing Requirements SGX set to relook Quarterly Reporting more

PCC okays SM Acquisition of Goldilocks

MANILA, Jan 9 (PNA) - Acquisition by SM Retail, Inc. of Goldilocks Bakeshop, Inc., the country’s largest bakeshop chain, can now proceed as the Philippine Competition Commission (PCC) accepted the commitments of th ...

Electronic Components firms fined Record S$19.5m for Collusion Tribunal dismisses MyEG's Appeal against Anti-Competition Penalty CCS seeks Views on SIA, CAE Joint Venture more

Ending the Charade of Independent Directors

This article by Angela Tan opines that its good to see that the Corporate Governing Council is willing to move what it sees as 12 baseline market practices to the Singapore Exchange Listing Rules for manda ...

Safeguarding Your Company against Corporate Corruption Overseas What is Fiduciary Duty? New Laws to beef up Governance of Co-op Societies more

Benefits to Deferred Prosecution Agreements, but Concerns should be addressed: Experts

This article by Siau Ming En opines that deferred prosecution agreement may help avert costly and lengthy investigation and criminal trials, but it might let errant companies off too lightly and under ...

The rising Global Tide against Bribery Manila Court orders Return of Tiamzons to jail CDO Executive suspended for slapping Traffic Enforcer more

Court dismisses Legal Firm's Application for Mandamus Order against Minister, Energy Commission

IPOH, Jan 17 (Bernama) - The High Court here today dismissed an application by a legal firm for a mandamus order against Energy, Green Technology and Water Minister and the Energy Commission of Malaysia in connection wit ...

Malaysia-Singapore affirm Commitment to resolve Pedra Branca Dispute via ICJ Swee Kee Founder's Son fails in Suit for Share of $16M House Ombudsman denies Somchai’s Request to seek Constitutional Court Ruling on EC Law more

DOLE orders PLDT to regularize 8K Workers, pay P66-M Claims

MANILA, Jan 17 (PNA) - The Department of Labor and Employment (DOLE) has ordered the Philippine Long Distance Telephone Company (PLDT) to regularize close to 8,000 contractual workers and to settle unpaid benefits amount ...

Call for Amendment to Employment Act 1955 to be done Comprehensively Review Safety aspects at Construction Sites - Lam Thye Indonesia opposes Malaysia's Direct Hiring Scheme more

DICT releases Guidelines for Entry of New Telco Player

MANILA, Jan 15 (PNA) - The Department of Information and Communications Technology (DICT) has released its guidelines for the entry of a new major player in the local telecommunications industry.

Senators react to SEC Order to shut down Rappler Cyber Games can generate Revenue in Future - PM Telcos have Six Months to comply with One-Year Prepaid Load Validity more

House declares Mayon, Zambo Parks Protected Areas

Mayon Volcano Natural Park in Albay province and the Pasonanca Natural Park in Zamboanga City are now protected areas under two bills approved by the House of Representatives.

Approval Letter mandatory for Transaction of GLC Land Ban in Conversion of Irrigable Lands soon Govt mulls Fairer Compensation Policy for People affected by Development Projects more

DOF submits CTRP Package Two to Congress

The Department of Finance (DOF) has formally submitted to the House of Representatives this week the second package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) that aims to reduce Corpor ...

Logistics Company Director sentenced to 40 Months’ Imprisonment and $8.7 Million Fine for dealing with Duty Unpaid Cigarettes BOC revises Rules on Importers, Brokers Accreditation Package Four of Tax Reform to simplify Tax Rates on Investment Products more

I-ACT apprehends 244 Road Unworthy PUVs

MANILA, Jan 11 (PNA) - The Inter-Agency Council for Traffic (I-ACT) apprehended 244 public utility vehicles (PUVs) during the first day of the full implementation of the ‘Tanggal Bulok, Tanggal Usok’ campaign ...

House polishes Mandatory Specialized Training for Truck Drivers I-ACT starts Apprehension of Smoke Belching, Dilapidated PUVs Cabinet approves Draft Regulation on Motorway Toll Collection more

Bank Indonesia bans Virtual Currency as Means of Payment

Jakarta, Jan 13 (ANTARA News) - Bank Indonesia (BI) has banned the use of virtual currency, including bitcoin, as a means of payment in the country. Based on Law No.7 of 2011 on Currency, any transaction intended to ...

Sexual Crime Victims should receive Restitution: Institution Cybersecurity Agency Crucial to tackle Cyber Crimes Finance Service Authority issues Green Bonds, e-Registration more

Government issues Decree on Allowances for disadvantaged School Children

The government has announced a decree to promote education equality between children in towns and rural communities by supporting outstanding primary and secondary students who lack opportunities to pursue their studies.

Govt mulls Fairer Compensation Policy for People affected by Development Projects Ministry planning to curb Teacher Transfers Seek Permission before flying your Drone, Ministry warns more

Bangladeshi Man fined RM1,300 for punching Company Director

KUALA LUMPUR, Jan 17 (Bernama) - The Magistrate's Court here today fined a Bangladeshi cloth trader RM1,300 in default two months' jail for punching a director of a clothing company earlier this month.

Four Vietnamese Masseuses fined for flouting Visit Pass Farmer jailed for supporting Terrorism Court dismisses Legal Firm's Application for Mandamus Order against Minister, Energy Commission more

Shop Owner jailed for Staff Abuse dies in Prison

The owner of a tailor shop who was sentenced to 16 years imprisonment for torturing her underaged helpers died in prison on Saturday, a month after beginning her jail term, her lawyer told The Myanmar Times.

Unlicensed Teachers face Jail under Draft of Education Law By-Law on Disabled Rights goes to Parliament Anti-Graft Law to nab People who misuse the State Properties more

DOF submits CTRP Package Two to Congress

The Department of Finance (DOF) has formally submitted to the House of Representatives this week the second package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) that aims to reduce Corpor ...

Manila Court orders Return of Tiamzons to jail DOLE orders PLDT to regularize 8K Workers, pay P66-M Claims CDO Executive suspended for slapping Traffic Enforcer more

Ending the Charade of Independent Directors

This article by Angela Tan opines that its good to see that the Corporate Governing Council is willing to move what it sees as 12 baseline market practices to the Singapore Exchange Listing Rules for manda ...

Benefits to Deferred Prosecution Agreements, but Concerns should be addressed: Experts The rising Global Tide against Bribery Should Commercial Surrogacy be legalized? more

Discussions on Draft Organic Law on Senate Selection still underway

BANGKOK, Jan 17 (NNT) - The ad hoc committee on the draft organic law on the selection of Senators says the cross-group voting method could be replaced as long as it does not violate the constitution.

CDC supports NLA Members' Plan to petition Constitutional Court about Anti-Corruption Law Cabinet passes 2019 Fiscal Budget worth THB3tn NLA still questions New Anti-Corruption Law more

Industry Updates

SAL launches Future Law Innovation Programme, signs MOU with IMDA and SMU

Singapore, Jan 10 - The Singapore Academy of Law (SAL) today launched its Future Law Innovation Programme (FLIP), a two-year pilot programme to encourage the adoption of technology, drive innovation and create a vibrant ecosystem for legal technology.

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Industry Updates

Total Disputed Sums mediated at Singapore Mediation Centre crosses $2.7 Billion in 2017 - the highest ever in the Centre’s History

Singapore, Jan 16 - Last year, the total quantum of disputed sums that came under mediation at the Singapore Mediation Centre (SMC) was a record high of over $2.7 billion.

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Industry Updates

Corporate Governance Council launches Public Consultation to strengthen Corporate Governance

Singapore, Jan 16 - The Corporate Governance Council (Council) today released a consultation paper on its recommendations to revise the Code of Corporate Governance (Code). The recommendations aim to support sustained corporate performance and innovation, and strengthen investor confidence in our capital markets.

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Industry Updates

Independent Directors may face Reassessment after Nine Years

The Corporate Governance Council to propose enforcing a "nine-year rule" that will reassess whether long-serving independent directors qualify as independent after that long in the role.

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Industry Updates

Duterte reappoints Abas as Comelec Chairman

MANILA, Jan 17 (PNA) - President Rodrigo Duterte has again nominated Sheriff Namimbayan Abas as chairman of the Commission on Elections (Comelec).

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Industry Updates

Don’t count Cost when writing Constitution: Ex-Chief Justice

MANILA, Jan 17 (PNA) - A former Supreme Court (SC) chief justice on Wednesday said the cost of amending or revising the 1987 Constitution should not be “counted” as it is “the best investment” people can make.

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Industry Updates

Lawyer Charged with fraudulently withdrawing Money from Account of Client

KUALA LUMPUR, Jan 17 (Bernama) - A lawyer pleaded not guilty in the Magistrate's Court here today to a charge of fraudulently withdrawing over RM4 million from his firm's client account, six years ago.

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Industry Updates

House Impeachment Proceedings do not impair Independence of Judiciary - Three SC justices

Three incumbent justices of the Supreme Court dismissed the allegation of Chief Justice Ma. Lourdes Sereno that the impeachment proceeding against her had undermined the independence of the Judiciary.

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Industry Updates

Deferred Prosecution Agreements proposed for Certain Corporate Offences: Shanmugam

Deferred prosecution agreements (DPAs) could be offered in Singapore to corporations as long as they comply with specific requirements, announced Minister for Home Affairs and Law K Shanmugam.

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Industry Updates

Labor Ministry to help Low-Income Workers access Low-Interest Loans

BANGKOK, Jan 15 (NNT) - The Department of Labor Protection and Welfare has offered an opportunity for low-income earners to access low-interest loans to pay off their informal debts and increase their income.

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Industry Updates

DOJ to review SEC Revocation of Rappler's Registration

MANILA, Jan 15 (PNA) - Justice Secretary Vitaliano Aguirre II ordered the review of the Securities and Exchange Commission (SEC) decision revoking the certificate of incorporation of online news website Rappler for violating foreign ownership restrictions on mass media.

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Industry Updates

Indonesian House of Representatives approves New Speaker

Jakarta, Jan 15 (ANTARA News) - The Indonesian House of Representatives (DPR) has approved Bambang Soesatyo as the new speaker, replacing Setya Novanto, who is now facing trial for alleged corruption.

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