Tuesday, 24 October 2017
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NLA confirms All Organic Laws to be ready by Roadmap’s Deadline

Date: 11 October 2017; Type: Legal News; Source: National News Bureau of Thailand

BANGKOK, Oct 11 (NNT) - The National Legislative Assembly has confirmed that the drafting of all organic laws will be completed before the deadline set in the national reform roadmap.

First Vice President of the NLA Surachai Liengboonlertchai said on Wednesday that the legislature is determined to enact all organic laws under the new Constitution by June 2018 when Prime Minister Gen. Prayut Chan-o-cha plans to announce the official date of the general election.

Mr. Surachai stated that this deadline is in accordance with the time line set in the national reform roadmap although it may shift slightly.

Regarding concerns about the deadline to start the process to hold an election within 150 days after the law on political parties is brought into effect, Mr. Surachai said that all parties and the Election Commission shouldn't worry as there were previous cases, in which the interpretation of this provision was not literal.

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Industry Updates

PH, WIPO sign Agreements on designating PH as International Authority on IP, Establishment of IP Center in the PH

GENEVA, Oct 23 - The Philippines and the World Intellectual Property Office (WIPO) signed a cooperation agreement on establishing a National Training IP Center in the Philippines. Both also signed another memorandum of agreement (MOA) designating the Philippines as an international searching and preliminary examining authority on Intellectual Property (IP).

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DOF seeks US Assistance in setting up Tax Academy

The Department of Finance (DOF) is seeking a possible grant from the United States in establishing the Philippines’ first tax academy, which will serve as a training institution that will provide revenue officials and employees continuing professional education on improving tax collection competence and efficiency.

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Bank Indonesia holds Policy Rate: Global Economy improves, Domestic Economic Recovery continues

The BI Board of Governors agreed on 18th and 19th October 2017 to hold the BI 7-day Reverse Repo Rate at 4.25%, while maintaining the Deposit Facility (DF) and Lending Facility (LF) rates at 3.50% and 5.00% respectively, effective 20th October 2017. The decision was consistent with efforts to maintain macroeconomic and financial system stability, while stimulating the domestic economic recovery but remaining mindful of prevailing domestic and global economic dynamics. The current policy rate is considered adequate to maintain inflation within the target corridor and current account deficit at a sound level.

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Jump in Molestation Cases in First Nine Months

According to the latest figures released by the police, there has been a jump in outrage of modesty cases in the first nine months of this year.

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CJ calls on Law Schools to reinvent themselves

Chief Justice has urged law schools to rethink curricula and admissions procedure amid changing legal practice and tech disruption.

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AIBIM wants Government to channel Incentives for SMEs via Islamic Banks

KUALA LUMPUR, Oct 23 (Bernama) - The Association of Islamic Banking Institutions Malaysia (AIBIM) hopes the government will use Islamic banks as the platform for its incentives allocation especially those aimed at boosting the Small and Medium Enterprises (SME).

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BOC mulls Scrapping Use of 'Green Lane' for Shipments

MANILA, Oct 23 (PNA) - The Bureau of Customs (BOC) is eyeing the abolition of its green lane whose use is currently suspended.

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Laos protecting Benefits, Rights of Workers Overseas

Ministry of Labour and Social Welfare has been successful in protecting the benefits and rights of Lao workers employed abroad, especially in Thailand, according to a leading official.

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Promote 'Standing Break' among Employers, DOLE urged

MANILA, Oct 22 (PNA) - A labor group urged the Department of Labor and Employment (DOLE) to effectively disseminate information on its new “standing break” order for workers.

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JBC to interview 7 CA Post Aspirants

MANILA, Oct 22 (PNA) - Some seven trial court judges vying for the position that will be vacated by retiring Court of Appeals (CA) Associate Justice Leoncia Dimagiba are set to be interviewed by the Judicial and Bar Council (JBC) on Wednesday, 25 Oct.

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Budget 2018 should boost Bumiputera Economic Dominance - Gabem

MACHANG, Oct 22 (Bernama) - The Federation of Malay Economic Bodies (Gabem) hopes that Budget 2018 that will be tabled on Oct 27 will boost the Bumiputera economic dominance to a higher level through various development agenda.

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SRX Operator sues Major Consultancies over its Valuation Service

A new writ summons has been filed by StreetSine Singapore Pte Ltd alleging "conspiracy" among the defendants including Singapore Institute of Surveyors and Valuers to injure its business and reputation by intentional misrepresentation.

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