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SGX plans to Hard-Code Due Diligence Banking Guidelines into Listing Rules

Singapore Exchange Regulation (SGX RegCo) plans to incorporate the due diligence guidelines issued by the Association of Banks in Singapore (ABS) under its Listing Rules, following a public consultation that will take place by the year-end.

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Dewan Rakyat approves MoF motion

KUALA LUMPUR, Oct 15 (Bernama) - The Dewan Rakyat today approved a motion tabled by Finance Minister Lim Guan Eng to allow the government to transfer RM23.5 billion as Malaysian Government Investment Issues (MGII).
Date: 15 October 2018; Type: Legal News; Source: Bernama

House panel opens deliberations on SGMA bill creating centralized home financing program

Low-cost socialized housing may be right around the corner as the House Committee on Urban Housing and Development chaired by Rep. Alfredo Benitez (3rd District, Negros Occidental) began on Wednesday its deliberations on a bill seeking to establish a unified housing and urban development fund and a centralized home financing program.
Date: 12 October 2018; Type: Legal News; Source: House of Representatives

Cabinet approves Special Budget to help Sugar Cane Growers

BANGKOK, Oct 11 (NNT) - The Cabinet has approved a special budget to help sugar cane growers and low-income earners.
Date: 11 October 2018; Type: Legal News; Source: National News Bureau of Thailand

Former Investment Banker Sentenced to Six Months Jail and Fined RM 1 Million for Insider Trading

The Kuala Lumpur Sessions Court today convicted and sentenced a former employee of an investment bank for insider trading in the shares of PacificMas Bhd (PacificMas). Lim Bun Hwa, 42, was sentenced to six months jail and fined RM 1 million after he pleaded guilty today to five charges of insider trading under section 188(2)(a) of the Capital Marke ...
Date: 03 October 2018; Type: Legal News; Source: Securities Commission

MAS issues Guidelines to facilitate Provision of Digital Advisory Services

Singapore, Oct 8 - The Monetary Authority of Singapore (MAS) today issued the Guidelines on Provision of Digital Advisory Services, to facilitate the provision of these services in Singapore. The guidelines incorporate feedback from the public consultation as well as learning points from MAS’ engagements with the industry.
Date: 08 October 2018; Type: Legal News; Source: Monetary Authority of Singapore

Securities and Futures (Clearing Facilities) (Amendment) Regulations 2018

These Regulations come into operation on 8 October 2018.
Date: 05 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 673; Source: Singapore Statutes Online

Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) (Amendment) Regulations 2018

These Regulations come into operation on 8 October 2018.
Date: 05 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 668; Source: Singapore Statutes Online

Cabinet approves New Debt Moratorium Program for Eligible Farmers

BANGKOK, Oct 3 (NNT) - The Cabinet has approved a new debt moratorium project to help eligible farmers deal with difficult financial issues.
Date: 03 October 2018; Type: Legal News; Source: National News Bureau of Thailand

House okays P3.757-T National Budget on Second Reading

MANILA, Oct 3 (PNA) - The House of Representatives on Wednesday night approved on second reading the proposed PHP3.757-trillion 2019 national budget.
Date: 03 October 2018; Type: Legal News; Source: Philippine News Agency

Former Senior Bank Manager jailed, fined RM1 Million for Insider Trading

KUALA LUMPUR, Oct 3 (Bernama) - A former senior manager of a bank was sentenced to six months’ jail and fined RM1 million by the Sessions Court here today on five counts of charges with acquiring 145,000 units of PacificMas Berhad 11 years ago with inside information. Judge Mahyon Talib handed the sentence on Lim Bun Hwa, 42, who pleaded ...
Date: 03 October 2018; Type: Legal News; Source: Bernama

Financial Advisers (Amendment) Act 2015 (Commencement) Notification 2018

This is to notify that Section 7(b) of the Financial Advisers (Amendment) Act 2015 comes into operation on 8 October 2018.
Date: 01 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 614; Source: Singapore Statutes Online

Securities and Futures (Revocation of Exemptions) Regulations 2018

These Regulations come into operation on 8 October 2018.
Date: 01 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 619; Source: Singapore Statutes Online

Financial Advisers (Remuneration) (Amendment) Regulations 2018

These Regulations come into operation on 8 October 2018.
Date: 02 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 641; Source: Singapore Statutes Online

Securities and Futures (Offers of Investments) (Shares) (Exemption for Units of Shares) (Amendment) Regulations 2018

These Regulations come into operation on 8 October 2018.
Date: 02 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 653; Source: Singapore Statutes Online

House Commission approves Additional Budget for Industry 4.0

Jakarta, July 13 (ANTARA News) - The Commission VI of the House of Representatives has approved proposal for additional budget of RP2.57 trillion for the Industry Ministry to carry on with the national agenda of the four ...

Bank Indonesia to prioritize Monetary Policy President issues Regulation to eradicate Money Laundering, Terrorism Government not to propose Budget Revision for Subsidy Change more

Central Bank Governor gets New Legal Backing

The Governor of the Bank of the Lao PDR has gained legal backing to chair the central bank’s top policy and decision-making body. President Bounnhang Vorachit on August 3 promulgated the newly-amended Law on t ...

NA debates Draft Law on Central Bank Beware of Illegal Transactions by Fake Banks, Public warned New Service Fee Regulation to boost SME, Selected Sectors more

Dewan Rakyat approves MoF motion

KUALA LUMPUR, Oct 15 (Bernama) - The Dewan Rakyat today approved a motion tabled by Finance Minister Lim Guan Eng to allow the government to transfer RM23.5 billion as Malaysian Government Investment Issues (MGII).

Former Investment Banker Sentenced to Six Months Jail and Fined RM 1 Million for Insider Trading Former Senior Bank Manager jailed, fined RM1 Million for Insider Trading Consultation Paper on Interim Financial Reporting Framework under the Listing Requirements more

Rules permitting Foreigners to Trade likely out This Year

The Yangon Stock Exchange (YSX) will release rules under the new Myanmar Companies Law which could allow foreigners to trade on the local bourse before the end of the year, U Yin Zaw Myo, managing director of the YSX, sa ...

MOB to allow Digital Payment System Government seeks Approval to accept Japanese, French Loans Interim Budget approved in Parliament after 1.2 per cent Cut more

House panel opens deliberations on SGMA bill creating centralized home financing program

Low-cost socialized housing may be right around the corner as the House Committee on Urban Housing and Development chaired by Rep. Alfredo Benitez (3rd District, Negros Occidental) began on Wednesday its deliberations on ...

House okays P3.757-T National Budget on Second Reading Lopez welcome Bills institutionalizing Government Microfinance CA stops Auction, Sale of Banco Filipino more

INDUSTRY UPDATES

House absent at Court during Advocates' Law Judicial Review Session

Jakarta, Oct 18 (ANTARA News) - The House of Representatives (DPR) did not attend the Constitutional Court (MK) session on the judicial review of Article 16 Law No.18/2003 regarding advocates immunity rights.

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Solon files Bill on Overtaking Cyclists

MANILA, Oct 18 (PNA) - A party-list lawmaker at the House of Representatives is pushing for a measure requiring a minimum distance of 1.5 meters for motorists overtaking cyclists.

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Hontiveros optimistic PRRD will sign Pet Bills into Law

MANILA, Oct 18 (PNA) - Senator Risa Hontiveros on Thursday said she is confident that President Rodrigo Duterte would sign several bills that she authored and sponsored into law.

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JBC interviews Two Bets for Supreme Court Justice

MANILA, Oct 18 (PNA) - The Judicial and Bar Council (JBC) on Thursday conducted its public interview for two aspirants for the Supreme Court (SC) Associate Justice vacancy following the retirement of Chief Justice Teresita Leonardo-de Castro.

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PM tables Mid-Term Review of 11th Malaysia Plan in Dewan Rakyat

KUALA LUMPUR, Oct 18 (Bernama) - Prime Minister Tun Dr Mahathir Mohamad today tabled the Mid-Term Review of the 11th Malaysia Plan (11MP - 2016-2020) in the Dewan Rakyat.

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SC allows Media Coverage of de Lima Drug Case Trials

MANILA, Oct 17 (PNA) - The Supreme Court (SC) allowed news coverage of Senator Leila de Lima’s trials for alleged drug trading activities before the Muntinlupa City Regional Trial Court (RTC).

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House supports Placement of Migrant Workers through One Channel

Jakarta, Oct 16 (ANTARA News) - Chairman of the House of Representatives` (DPR`s) Commission IX Dede Yusuf supported the placement of Indonesian migrant workers through the One Channel Placement System (SPSK) agreed upon by Indonesia and Saudi Arabia.

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INDUSTRY UPDATES

Industry 4.0 to put Indonesia among Top 10 Economies

Jakarta, Oct 17 (ANTARA News) - The fourth industrial revolution, also known as industry 4.0, is expected to make Indonesia one of the top 10 economies in the world in 2030, Industry Minister Airlangga Hartarto said.

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Government encourages SMEs to go Digital

Jakarta, Oct 16 (ANTARA News) - The government encourages national small and medium enterprises or SMEs to take advantage of the digitalization era by using online networks to expand their businesses.

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WIPO Director General Conferred the Order of Sikatuna

World Intellectual Property Organisation (WIPO) Director General Dr. Francis Gurry has received the highest Presidential honour of diplomatic merit in recognition of his extraordinary efforts to sustain and strengthen WIPO’s relations with the Philippine government, through the Intellectual Property Office of the Philippines (IPOPHL).

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PH Ambassador Promotes ASEAN Trade, Tourism in Spain

MADRID, Oct 16 (DFA) - To raise awareness about ASEAN and promote ASEAN trade and tourism in Spain, Philippine Ambassador to Spain Philippe J. Lhuillier and the other ASEAN Ambassadors in Madrid paid a courtesy call on the Spanish Minister for Industry, Trade, and Tourism Maria Reyes Maroto Illera.

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BOC, PCG Ink MOA for Strengthened Joint Anti-Smuggling Operations

The chiefs of the Bureau of Customs (BOC) and the Philippine Coast (PCG), on Monday, October 15 signed a Memorandum of Agreement (MOA) which provides them guidelines in the conduct of anti-smuggling joint operations within the country’s borders.

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PH Showcases Best Practice on Anti-Poverty

NEW YORK, Oct 12 (DFA) - The Philippines underscored the crucial need to use the Multidimensional Poverty Index (MPI) as an alternative measure of poverty during the High-level side-event on “Using the Multidimensional Poverty Index to guide innovative policies in all its dimensions” held on the sidelines of the 73rd Session of the United Nations (UN) General Assembly High Level Week held at the UN Headquarters in New York on 25 September 2018

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21 Law Firms vow to create more chances for Young Lawyers

Twenty-one law firms, including Drew & Napier and Tan Rajah & Cheah, have pledged to provide more opportunities for young lawyers to represent their clients in court.

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Thailand hosts ASEAN Disaster Assessment and Mitigation Training Course

BANGKOK, Oct 16 (NNT) - Thailand is hosting the latest ASEAN training course on regional disaster assessment and mitigation to ensure timely assistance, and enhance the reach and capability of the region’s relief efforts.

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INDUSTRY UPDATES

Del Castillo to head JBC Search for Next CJ

MANILA, Oct 16 (PNA) - Associate Justice Mariano del Castillo will sit at the helm of the Judicial and Bar Council (JBC) in screening aspirants for the vacancy in the Supreme Court (SC) following the retirement of Chief Justice Teresita Leonardo-de Castro, JBC ex-officio member and Justice Secretary Menardo Guevarra said Tuesday.

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INDUSTRY UPDATES

SC reorganizes Three Divisions as Hernando assumes Post

MANILA, Oct 16 (PNA) - The Supreme Court (SC), under Acting Chief Justice Antonio Carpio, has reorganized the membership in its three divisions following the entry of its newest member, Associate Justice Ramon Paul Hernando.

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Non-infra Programs face Cancellation if Oil Excise Tax suspended

MANILA, Oct 15 (PNA) - Some of the Duterte administration's non-infrastructure expenditures scheduled for 2019 face possible cancellation if the implementation the oil excise tax's second tranch is put on hold due to soaring world crude prices, Finance Secretary Carlos Dominguez III said.

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