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House to resume Budget Hearings

MANILA, Aug 15 (PNA) - The House of Representatives is set to resume its hearings on the proposed 2019 national budget over the congressional break after reaching a compromise with the Palace, House Majority Leader Rolando Andaya Jr. said on Wednesday.

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House stands Ground against proposed 2019 Cash-Based Budget

The House of Representatives is standing firm against the proposed shift to cash-based budgeting system for 2019, according to House Committee on Appropriations Chairman Karlo Alexei Nograles (1st District, Davao City).
Date: 13 August 2018; Type: Legal News; Source: House of Representatives

House assures No Re-enacted Budget for Next Year

House Majority Leader Rep. Rolando Andaya Jr. (1st District, Camarines Sur) on Monday crossed out the possibility of a re-enacted budget in 2019.
Date: 13 August 2018; Type: Legal News; Source: House of Representatives

Islamic Banking Bill hurdles House Panel

MANILA, Aug 14 (PNA) - A bill seeking to organize and regulate Islamic banks in the country has hurdled committee level at the House of Representatives.
Date: 14 August 2018; Type: Legal News; Source: Philippine News Agency

Financial Advisers (Amendment No. 3) Regulations 2018

These Regulations come into operation on 14 August 2018.
Date: 13 August 2018; Type: Federal Subsidiary Legislation; Citation: No. S 493; Source: Singapore Statutes Online

No reenacted Budget for 2019 despite Cuts

MANILA, Aug 10 (PNA) - The chairman of the House appropriations committee on Friday assured the public that there would be no reenacted budget for next year amid lawmakers' outright opposition to the new cash-based budgeting system proposed by the Department of Budget and Management (DBM).
Date: 10 August 2018; Type: Legal News; Source: Philippine News Agency

Proposed Changes to the Stamp Duties Act

The Ministry of Finance (MOF) have introduced the Stamp Duties (Amendment) Bill 2018 in Parliament on Monday.
Date: 06 August 2018; Type: Legal News; Source: Ministry of Finance

House ensures P854M Budget for BOL Plebiscite

The House Committee on Appropriations, presided by Vice Chair Doy Leachon (1st District, Oriental Mindoro), ensured on Monday that the Commission on Elections (COMELEC) will get the P854 million budget for the Bangsamoro Organic Law (BOL) plebiscite in January 2019.
Date: 07 August 2018; Type: Legal News; Source: House of Representatives

House calls for stricter Compliance with COA Timeframes

The House Committee on Revision of Laws chaired by Rep. Marlyn Primicias-Agabas (6th District, Pangasinan) convened on Tuesday for the deliberation of House Bill 6761, which seeks to provide a prescriptive period within which the Commission on Audit (COA) may conduct audits and issue decisions on cases.
Date: 07 August 2018; Type: Legal News; Source: House of Representatives

EPF Incentive for Housewives starts Next Week

KUALA LUMPUR, Aug 8 (Bernama) - The SURI Incentive Programme which enables housewives to gain access to quality social security and enhanced income security will be implemented in three phases, Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail said today.
Date: 08 August 2018; Type: Legal News; Source: Bernama

SGX tweaks Listing Rules after Code of Governance Revision

The Singapore Exchange said it will amend its listing rules following the Monetary Authority of Singapore's acceptance of a slew of recommendations to encourage board renewal and diversity as well as strengthen director independence.
Date: 07 August 2018; Type: Legal News; Source: Singapore Law Watch

MOB to allow Digital Payment System

Ongo, a digital financial service firm, and Myanmar Oriental Bank (MOB) have partnered up to reduce cash flow.
Date: 06 August 2018; Type: Legal News; Source: Myanmar Times

Bursa Malaysia Securities reprimands, fines and orders to strike off Chan Ling Ern for Misconducts and Violation of Rules

KUALA LUMPUR, Aug 1 - Bursa Malaysia Securities Berhad (635998-W) (Bursa Malaysia Securities) has publicly reprimanded, imposed a fine of RM20,000 and ordered to strike off Chan Ling Ern (CLE) from the Register if she was still a Registered Person of Bursa Securities for misconducts/ breaches relating to personal/ unauthorised trades in the account ...
Date: 01 August 2018; Type: Legal News; Source: Bursa Malaysia

DBM issues Guidelines on Conduct of Early Procurement for Financial Year 2019

The Department of Budget and Management (DBM) has issued Circular Letter No. 2018-8 which prescribes guidelines on the conduct of Early Procurement for Fiscal Year (FY) 2019 National Expenditure Program (NEP) on July 30, 2018.
Date: 03 August 2018; Type: Legal News; Source: Department of Budget and Management

BSP approved the Guidelines on the Adoption of Philippine Financial Reporting Standards 9 (PFRS 9) - Financial Instruments

The Monetary Board (MB) approved the guidelines on the adoption of Philippine Financial Reporting Standards (PFRS) 9 - Financial Instruments for Bangko Sentral Supervised Financial Institutions (BSFIs). The policy sets out the supervisory expectations in classifying and measuring financial instruments and in recognizing impairment to promote pruden ...
Date: 03 August 2018; Type: Legal News; Source: Central Bank

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

NA debates Draft Law on Central Bank

The duties and structure of the Bank of the Lao PDR’s executive board were at the centre of debate at the National Assembly (NA) yesterday, with the aim of strengthening the bank’s management and preventing i ...

Beware of Illegal Transactions by Fake Banks, Public warned New Service Fee Regulation to boost SME, Selected Sectors License issuance for new Financial Institutions suspended more

EPF Incentive for Housewives starts Next Week

KUALA LUMPUR, Aug 8 (Bernama) - The SURI Incentive Programme which enables housewives to gain access to quality social security and enhanced income security will be implemented in three phases, Deputy Prime Minister Datu ...

Bursa Malaysia Securities reprimands, fines and orders to strike off Chan Ling Ern for Misconducts and Violation of Rules SC Issues cease Order to Lendingstar Businessman wins Appeal to get back Money seized under AMLATFA more

House to resume Budget Hearings

MANILA, Aug 15 (PNA) - The House of Representatives is set to resume its hearings on the proposed 2019 national budget over the congressional break after reaching a compromise with the Palace, House Majority Leader Rolan ...

House stands Ground against proposed 2019 Cash-Based Budget House assures No Re-enacted Budget for Next Year Islamic Banking Bill hurdles House Panel more

Criteria for Student Loans to be amended

BANGKOK, Aug 1 (NNT) - The Student Loan Fund (SLF) is set to launch a dispute resolution program to help teachers, who are sometimes obliged to pay off student loans on behalf of their students, deal with the legal issue ...

NLA passes Bill to transfer 12.73 Billion Baht Budget to Emergency Funds NLA approves Budget Expenditure Transfer Bill NLA Committee completes 50% of Draft 2019 Fiscal Budget Law more

INDUSTRY UPDATES

CJ Bets face JBC Grilling Over Income, Properties in SALN

MANILA, Aug 16 (PNA) - The contents of the Statements of Assets, Liabilities and Net Worth were among the issues raised by members of the Judicial Council (JBC) in Thursday's public interview for aspirants vying for the Chief Justice post.

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INDUSTRY UPDATES

Reyes, Tejano-Ang Wrap up JBC Interview for CJ Post

MANILA, Aug 16 (PNA) - Supreme Court Associate Justice Andres Reyes Jr., and Judge Virginia Tejano-Ang of the Regional Trial Court Branch 1 in Tagum City, Davao del Norte were the last two aspirants for Chief Justice who went under questioning by the Judicial and Bar Council (JBC) on Thursday.

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INDUSTRY UPDATES

De Castro to revive Key Reform Projects once picked as CJ

MANILA, Aug 16 (PNA) - Despite her imminent retirement from the judiciary in less than two months, Associate Justice Teresita Leonardo-De Castro on Thursday said she will be able to introduce reforms in the Supreme Court (SC) once named Chief Justice.

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INDUSTRY UPDATES

Bersamin: No Pressure Felt from Gov't in Rulings on Cases

MANILA, Aug 16 (PNA) - Associate Justice Lucas Bersamin on Thursday said he has never felt any pressure from other government branches in rendering decisions on various cases.

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INDUSTRY UPDATES

Court of Appeal Judge reprimanded by His Superior over Dissenting Judgment

KUALA LUMPUR, Aug 16 (Bernama) – A Court of Appeal Judge has today disclosed that he had been reprimanded by a top judge for writing a dissenting judgment in unilateral conversion of M.Indira Gandhi case two years ago.

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INDUSTRY UPDATES

Judicial Activism has Led to Renaissance in Administrative Law, says Academician

KUALA LUMPUR, Aug 15 (Bernama) – There is more judicial activism now which has led to a renaissance in administrative law, according to an academician.

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INDUSTRY UPDATES

Cabinet acknowledges Progress in Thailand-Myanmar Cooperation in fighting Drug Trade

BANGKOK, Aug 15 (NNT) - The Cabinet has acknowledged progress made in Thailand’s cooperation with Myanmar in tackling drug problems in the border area.

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INDUSTRY UPDATES

NLA whip to decide on proposed Amendment of EC Act - VP Surachai

BANGKOK, Aug 15 (NNT) - The National Legislative Assembly whip will be the person responsible for the ultimate decision to proceed with a proposed amendment of the Election Commission Act, says the legislature’s Vice President Surachai Liengboonlertchai.

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INDUSTRY UPDATES

CA confirms Poll Exec, Foreign Service, Military Officers' Appointment

MANILA, Aug 15 (PNA) - Commission on Elections (Comelec) Commissioner Marlon Casquejo and several foreign service and military officers hurdled the Commission on Appointments (CA) on Wednesday.

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INDUSTRY UPDATES

House installs Yap, Pichay as New Deputy Speakers

MANILA, Aug 15 (PNA) - The House of Representatives on Wednesday elected two new deputy speakers following the ascension of Pampanga Rep. Gloria Macapagal-Arroyo to the speakership.

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INDUSTRY UPDATES

Five CJ bets to face JBC Interview Thursday

MANILA, Aug 15 (PNA) - The five candidates for the post of Chief Justice of the Supreme Court (SC) will walk into the line of fire with their Judicial and Bar Council (JBC) interview set on Thursday.

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INDUSTRY UPDATES

IRD to build ICT System enabling Tax Payments

Taxpayers may soon be able to pay their dues to the government via mobile banking, said U Min Htut, director general of the Internal Revenue Department (IRD).

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INDUSTRY UPDATES

Law Enforcement remains weak: Deputy Minister

Laos has enacted over 100 laws since national liberation in 1975, but law enforcement remains weak, a senior official has admitted.

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Exercise of Freedom must be in accordance to Federal Constitution - Eddin Syazlee

JOHOR BAHRU, Aug 14 (Bernama) - The exercise of individual’s right to freedom, be it freedom of religion or speech, must be done in accordance to the provisions in the Federal Constitution, says Deputy Communications and Multimedia Minister Eddin Syazlee Shith.

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INDUSTRY UPDATES

International Malaysia Law Conference 2018

The 4-day International Malaysia Law Conference (“IMLC”) 2018, the flagship biennial event of the Malaysian Bar themed “Raising the Bar: Innovate. Integrate. Emulate.” is underway.

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INDUSTRY UPDATES

IMLC 2018: Change of Government an impetus for strengthening the Rule of Law, says Sultan Nazrin Shah

KUALA LUMPUR, Aug 14 (Bernama) - The recent change of government in Malaysia has given a fresh impetus to strengthen the rule of law in the country, the Sultan of Perak, Sultan Nazrin Shah said today.

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INDUSTRY UPDATES

1Mine urges Government to postpone SST

KUALA LUMPUR, Aug 14 (Bernama) - The government has been urged to postpone implementation of the Sales and Services Tax (SST) come Sept 1 until a directive on the newly passed tax law is clearly outlined.

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INDUSTRY UPDATES

Seizure of Equanimity made according to Legal Procedures - Liew Vui Keong

KUALA LUMPUR, Aug 14 (Bernama) - Minister in the Prime Minister’s Department Datuk Liew Vui Keong told the Dewan Rakat today that the seizure of the superyatch Equanimity was made according to Malaysian procedures and laws.

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