Friday, 23 February 2018
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Court rules against Sale of Beauty World Food Centre

The collective sale of the Beauty World Food Centre has stalled as the High Court found that three trustees had fallen short in their duty to obtain the best price for the stallholders.

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Improved Infra, eased Regulations to boost Trade, Investments in ASEAN

MANILA, Feb 18 (PNA) - Member countries of Association of Southeast Asian Nations (ASEAN) need to improve physical infrastructures and streamline regulatory processes in an effort to facilitate trade and investments in the region, according to a report from state think tank Philippine Institute for Development Studies (PIDS). In a report title ...
Date: 18 February 2018; Type: Legal News; Source: Philippine News Agency

Partner's Shares in Firm worth $15K, Court rules

The dispute between two partners of a company regarding the value offered for buying out the minority holder ended with the Court accepting the valuation made by the expert witness of the majority shareholder.
Date: 16 February 2018; Type: Legal News; Source: Singapore Law Watch

Appeals Court strikes out Khairy's Notice of Appeal

PUTRAJAYA, Feb 19 (Bernama) - The Court of Appeal today struck out the notice of appeal filed by Youth and Sports Minister Khairy Jamaluddin in a defamation lawsuit in which he was ordered to pay RM150,000 in general damages to Datuk Seri Anwar Ibrahim. A three-man bench comprising justices Datuk Tengku Maimun Tuan Mat, Puan Sri Zaleha Yusof a ...
Date: 19 February 2018; Type: Legal News; Source: Bernama

High Court dismisses Ronasutra Cosmetics' Appeal over RM265,000 Payment to Vanidah

KUALA LUMPUR, Feb 19 (Bernama) - The High Court today dismissed an appeal by a manufacturer of Ronasutra cosmetics to set aside a lower court decision in ordering it to pay RM265,000 to actress Vanidah Imran as payment for the balance of contract between both parties.
Date: 19 February 2018; Type: Legal News; Source: Bernama

SEC warns Public vs Unregistered Retail Trade Firms

MANILA, Feb 12 (PNA) - The Securities and Exchange Commission (SEC) has warned the public against dealing with unregistered entities, wholly or partly owned by foreign nationals, engaging in retail trade.
Date: 12 February 2018; Type: Legal News; Source: Philippine News Agency

Energy Ministry revokes 22 Regulations

Jakarta, Feb 12 (ANTARA News) - The Energy and Mineral Resources Ministry has revoked 22 regulations that were hampering the investment process.
Date: 12 February 2018; Type: Legal News; Source: Antara

‘Notification of Change in The Register Of Directors, Managers, And Secretaries’ under Section 58 Of The Companies Act 2016 Through Mycoid2016 Portal

The Companies Commission of Malaysia (SSM) today announced the implementation of the lodgement of the ‘Notification of Change Particulars of Officers’ (“CPO”) under section 58 of the Companies Act 2016 through the MyCoID2016 Portal.
Date: 07 February 2018; Type: Legal News; Source: Companies Commission

Industry Ministry: EEC Act will boost Investors' Confidence

BANGKOK, Feb 10 (NNT) - The Ministry of Industry believes the Eastern Economic Corridor Act which has been approved by the National Legislative Assembly will bolster investor confidence. Industry Minister Uttama Saowanayon said today that the EEC law will help influence decision making among Thai and foreign investors, expressing confidence th ...
Date: 10 February 2018; Type: Legal News; Source: National News Bureau of Thailand

NLA passes Draft Law on SME Promotion into effect

BANGKOK, Feb 8 (NNT) - The National Legislative Assembly has approved the draft law on the promotion of small and medium-sized enterprises.
Date: 08 February 2018; Type: Legal News; Source: National News Bureau of Thailand

DOTr pursues Reforms to reduce Red Tape, promote Transparency

MANILA, Feb 9 (PNA) - The Department of Transportation (DOTr) is pursuing various initiatives to ensure that procurement procedures, transactions and other frontline services are delivered efficiently, timely and corruption-free pursuant to the provisions of Republic Act 9485 or the Anti-Red Tape Act of 2007 (ARTA). The DOTr said in its report ...
Date: 09 February 2018; Type: Legal News; Source: Philippine News Agency

Cabinet to endorse Malaysia joining CPTPP - Mustapa

KUALA LUMPUR, Feb 8 (Bernama) - The cabinet is expected to give its formal endorsement for Malaysia to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) soon, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
Date: 08 February 2018; Type: Legal News; Source: Bernama

SSM Dakwa Pengarah Syarikat Glitter Summer Sdn Bhd di Bawah Seksyen 364(2) Akta Syarikat 1965

BUTTERWORTH, Feb 5 - Pengarah syarikat Glitter Summer Sdn Bhd iaitu Tan Gin Ling mengaku tidak bersalah di Mahkamah Sesyen Jenayah 1 Butterworth hari ini terhadap satu pertuduhan membuat pernyataan palsu berhubung dengan kenyataan juruaudit iaitu Yee Choon Kong yang mana syarikat Glitter Summer Sdn Bhd tidak pernah melantik Yee Choon Kong sebagai j ...
Date: 05 February 2018; Type: Legal News; Source: Companies Commission

"Tinimbang ka ngunit kulang" will be a thing of the Past

All private and public markets nationwide shall soon be mandated to establish a Timbangan ng Bayan Center that will determine the accuracy of weights and measurements of products being bought by the public once a law is passed amending Republic Act No. 7394, otherwise known as the “Consumer Act of the Philippines."
Date: 05 February 2018; Type: Legal News; Source: House of Representatives

Prospaq Group Pte Ltd v Yong Xing Construction Pte Ltd

Companies - Winding up
Date: 05 February 2018; Court: High Court; Citation: [2018] SGHC 27; Source: Singapore Law Watch

Energy Ministry revokes 22 Regulations

Jakarta, Feb 12 (ANTARA News) - The Energy and Mineral Resources Ministry has revoked 22 regulations that were hampering the investment process.

President Joko Widodo holds Bilateral Meeting with Vietnamese PM Indonesia, India commit to boost Trade President Jokowi to strengthen Trade Cooperation with Pakistan more

Government seeks better Regulation of Associations

Representatives of associations, foundations and Non-Governmental Organisation (NGOs) met in Vientiane on Wednesday to discuss association issues and management under the Decree on Associations.

Tighter Regulation to squeeze Small Business Credit Mineral Law to be amended for Better Mining Management Laos prevails in Hongsa Power Plant Court Case more

Delayed permitted Businesses to receive Government Assistance

Almost 600 firms have experienced delays getting their businesses off the ground since 1988 despite having received permits from the Myanmar Investment Commission (MIC).

YSX flat despite New Law, ASEAN Bourses up Myanmar Companies Act approved Groups shaping Stronger Consumer Protection Bill more

SEC warns Public vs Unregistered Retail Trade Firms

MANILA, Feb 12 (PNA) - The Securities and Exchange Commission (SEC) has warned the public against dealing with unregistered entities, wholly or partly owned by foreign nationals, engaging in retail trade.

DOTr pursues Reforms to reduce Red Tape, promote Transparency "Tinimbang ka ngunit kulang" will be a thing of the Past SEC Memorandum Circular prescribing a Website Template for all Publicly-Listed Companies more

Court rules against Sale of Beauty World Food Centre

The collective sale of the Beauty World Food Centre has stalled as the High Court found that three trustees had fallen short in their duty to obtain the best price for the stallholders.

Partner's Shares in Firm worth $15K, Court rules Prospaq Group Pte Ltd v Yong Xing Construction Pte Ltd Jhaveri Darsan Jitendra and Others v Salgaocar Anil Vassudeva and Others more

Industry Ministry: EEC Act will boost Investors' Confidence

BANGKOK, Feb 10 (NNT) - The Ministry of Industry believes the Eastern Economic Corridor Act which has been approved by the National Legislative Assembly will bolster investor confidence. Industry Minister Uttama Sao ...

NLA passes Draft Law on SME Promotion into effect BOT to establish New Market Conduct Regulations within the Next Couple of Weeks Government-Appointed Committee in charge of Draft Eastern Special Economic Zone Law confirms Principle of Development more

Industry Updates

Cabinet reorganizes funding for Economic and Public Service Enhancement

BANGKOK, Feb 21 (NNT) - Thailand's Cabinet has resolved to increase the efficiency of public services by taking out a loan of 800 million baht while also approving over 5 billion baht to strengthen the domestic economy.

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Industry Updates

DTI updates MSMES on PH’s Free Trade Pact

TAGAYTAY CITY, Cavite, Feb 21 (PNA) - The Department of Trade and Industry (DTI) is boosting its Free Trade Arrangements (FTAs) with the Regional Comprehensive Economic Partnership (RCEPT) ASEAN plus 6, PH-EU (27 countries) and Asia Pacific (APEC’s 21 member economies).

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Industry Updates

Start-ups, SMEs Call for Greater Access to Loans by Foreign Banks

Start-ups and small and medium-sized enterprises (SMEs) are now calling for equal treatment of foreign and local banks as this will give them more options to borrow money for growth.

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Industry Updates

More Support for Firms to innovate and go International Companies

The government will provide more support to firms that buy solutions and for those that develop their own innovations or team up with partners, in the form of tax reliefs.

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Industry Updates

Ministry of Justice launches Mobile Campaign to promote Knowledge of Laws

AYUTTHAYA, Feb 20 (NNT) - The Ministry of Justice has launched a mobile campaign to educate people about laws and provide legal advice.

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Industry Updates

DCA is now known as CAAM

PUTRAJAYA, Feb 19 (Bernama) - The Department of Civil Aviation (DCA) has been transformed into the Civil Aviation Authority of Malaysia (CAAM) effective today in line with the government's commitment to spur the nation's aviation industry to greater heights.

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Industry Updates

PHL Embassy in Moscow issues Urgent Reminder: no Legal Status for Household Service Workers in Russia

MOSCOW, Feb 19 - In an advisory issued on February 13, the Philippine Embassy in Moscow reminded that “the category of household service worker is an occupation not open to Filipinos.” The Embassy issued the advisory after receiving queries from the public and media if Filipino household service workers could legally work in Russia.

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Industry Updates

Monetary Authority of Singapore and the Central Bank of Egypt Bolster FinTech Cooperation

Singapore, 14 February 2018 - The Monetary Authority of Singapore (MAS) and the Central Bank of Egypt (CBE) signed an agreement to strengthen FinTech cooperation between the two countries on 6 February 2018. The Cooperation Agreement was signed at Seamless North Africa 2018 (under the patronage of the CBE), a conference focused on Payments, FinTech and eCommerce.

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Industry Updates

Swiss Institute of Federalism ink Academic Cooperation with UP

MANILA, Feb 16 (PNA) - The University of the Philippines-National College of Public Administration and Governance (NCPAG) and the University of Fribourg’s Institute of Federalism (IFF) have entered into a Memorandum of Understanding (MOU) for academic cooperation and exchange, the Department of Foreign Affairs (DFA) said.

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Industry Updates

Commerce Ministry keen to help SMEs expand Production Bases

BANGKOK, Feb 17 (NNT) - The Ministry of Commerce will assist Thai small and medium enterprises in their endeavors to expand their production capacity to meet the demand for their goods in Cambodia, Laos, Myanmar, and Vietnam, also known as the CLMV region.

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Industry Updates

Justice Ministry campaigns for Legal Awareness among Thais

BANGKOK, Feb 15 (NNT) - A transit advertising campaign is being organized by the Ministry of Justice in various provinces to raise awareness of the law and the justice system among public members and state agencies.

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Industry Updates

Thailand, Cambodia discuss Nationality Verification for Migrant Workers

PHNOM PENH, Feb 14 (NNT) - Thailand's Labor Minister Adul Sangsingkeo and his Cambodian counterpart Ith Samheng discussed the nationality verification for undocumented migrant workers.

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