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, increa ...
Date: 16 January 2018; Type: Legal News; Source: National News Bureau of Thailand

Malaysia-Singapore affirm Commitment to resolve Pedra Branca Dispute via ICJ

SINGAPORE, Jan 16 (Bernama) - Malaysia and Singapore leaders today affirmed their commitment to resolving matters related to sovereignty over Pedra Branca, Middle Rocks, and South Ledge in accordance with international law. In a joint statement issued at the end of the 8th Singapore Malaysia Leaders' Retreat here, the Leaders noted Malaysia's ...
Date: 16 January 2018; Type: Legal News; Source: Bernama

Approval Letter mandatory for Transaction of GLC Land

KUALA LUMPUR, Jan 15 (Bernama) - The government has introduced the federal and state government's Letter of Authorisation to federal and state Government-Linked Companies (GLCs) for land transactions to ensure land ownership by GLCs can be controlled and monitored to prevent any manipulation which can negatively implicate the government. The N ...
Date: 15 January 2018; Type: Legal News; Source: Bernama

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 make payments or settle other obligations using currency or other financial transactions made in the Indonesian territory must us ...
Date: 13 January 2018; Type: Legal News; Source: Antara

Government launches Register of Property Managers

KUALA LUMPUR, Jan 11 (Bernama) - The Ministry of Urban Wellbeing, Housing and Local Government has launched the Register of Property Managers with an amendment of Act 242 Valuers, Appraisers and Estate Agents Act, 1981, gazetted on Oct 17, 2017. Its Minister, Tan Sri Noh Omar said the amendment effectively brings the practice of property manag ...
Date: 11 January 2018; Type: Legal News; Source: Bernama

Assemblyman to file Judicial Review over Federal Court's Decision

SHAH ALAM, Jan 10 (Bernama) - Sri Muda assemblyman Mat Shuhaimi Shafiei, who is facing a charge of allegedly posting seditious material in his blog, will file a judicial review application to set aside the Federal Court's decision over his case last week. Mat Shuhaimi's lawyer, N. Surendran told the Sessions Court here today that the applicati ...
Date: 10 January 2018; Type: Legal News; Source: Bernama

SC issues Cease and Desist Order to CopyCash Foundation

KUALA LUMPUR, Jan 9 (Bernama) - The Securities Commission Malaysia (SC) has directed CopyCash Foundation to immediately cease and desist all its proposed activities, including a purported plan to launch an Initial Coin Offering (ICO) in the country on Jan 10, 2018. In a statement, SC said the directive covers all activities as described in or ...
Date: 09 January 2018; Type: Legal News; Source: Bernama

"No Calls, No Text Registration” Bill gets a Boost

The House committee on information and communications technology, chaired by Rep. Victor Yap has approved a substitute bill, seeking the establishment of a No Calls and No Text Registration System to protect phone subscribers from solicited calls and spam text messages. Authors of the bill include Reps. Francis Gerald Abaya, Jose Antonio Sy-Al ...
Date: 05 January 2018; Type: Legal News; Source: House of Representatives

BI extends Work Hours following Restoration of OT Pay

MANILA, Jan 4 (PNA) - The Bureau of Immigration (BI) has reverted to its old work schedule as a way of showing their gratitude to President Rodrigo Duterte for approving the granting of overtime pay to its personnel. With this, Immigration Commissioner Jaime Morente has instructed the BI main office and all its satellite and field offices nati ...
Date: 04 January 2018; Type: Legal News; Source: Philippine News Agency

Cabinet approves Draft Regulation on Motorway Toll Collection

BANGKOK, Jan 3 (NNT) - The Cabinet has granted approval to a draft regulation concerning the collection of tolls on the Bangkok-Chon Buri-Pattaya Motorway. After this week’s Cabinet meeting, Advisor to the Minister attached to the Prime Minister’s Office, Nattaporn Jatusripitak revealed that a green light was given to a draft minis ...
Date: 03 January 2018; Type: Legal News; Source: National News Bureau of Thailand

National Wage Panel approves K4800 Minimum Wage

The National Committee for Minimum Wage on Tuesday decided to set the basic daily salary of workers at K4800 or K600 per hour. According to the announcement, any suggestions or objections to the stipulated rate can be forwarded to relevant state and regional committees dealing with the issue. The national committee will set the final figu ...
Date: 03 January 2018; Type: Legal News; Source: Myanmar Times

BOT to implement Loose Monetary Policy throughout 2018

BANGKOK, Jan 2 (NNT) - The Bank of Thailand plans no changes in its monetary policy implementation this year. BOT Governor Veerathai Santiprabhob said today that the central bank doesn't need to follow the direction of the Federal Reserve which may raise its policy interest rate in 2018 because Thailand has to adopt a policy which is in line w ...
Date: 02 January 2018; Type: Legal News; Source: National News Bureau of Thailand

House approves Proposed “Rural Employment Assistance Program Act”

The House committee on appropriations approved a substitute bill proposing a “Rural Employment Assistance Program Act” after amending the funding provision of the measure. The appropriations provision contained in Section 7 of the unnumbered bill provides: “The Secretary of Social Welfare and Development shall include in the ...
Date: 29 December 2017; Type: Legal News; Source: Philippine News Agency

Tribunal dismisses MyEG's Appeal against Anti-Competition Penalty

KUALA LUMPUR, Dec 29 (Bernama) - The Competition Appeal Tribunal (CAT) had dismissed an appeal by My E.G. Services Berhad (MyEG) against the RM2.272 million fine imposed on the company by the Malaysia Competition Commission (MyCC) for abusing its dominant position in the provision and management of online renewal for foreign workers permit (PLKS).& ...
Date: 29 December 2017; Type: Legal News; Source: Bernama

House pushes P2K Travel Allowance for Government Workers

MANILA, Dec 28 (PNA) - The House of Representatives has adopted a resolution seeking to increase the travel allowance of government officials and workers from PHP800 to PHP2,000. According to a statement on Thursday, the House adopted House Resolution 243 urging President Rodrigo Duterte to issue an executive order increasing travel allowances ...
Date: 28 December 2017; Type: Legal News; Source: Philippine News Agency

Cabinet gives Green Light to Smart Visa Project

BANGKOK, Dec 27 (NNT) - The Cabinet has given the green light to the implementation of a Smart Visa project which was proposed by the Committee for Strategic National Administration. According to Prime Minister’s Office Spokesperson Lt Gen Sansern Keawkamnerd, the project will be implemented to allow foreigners to apply for a visa electr ...
Date: 27 December 2017; Type: Legal News; Source: National News Bureau of Thailand

ASEAN to finalize Document pushing Rights of PWDs in 2018

MANILA, Dec 26 (PNA) - The Association of Southeast Asian Nations (ASEAN) said an enabling master plan to push further the rights of Persons With Disabilities (PWDs) is expected to be concluded and submitted for adoption in 2018. In mid-December, the bloc - a joint initiative by the ASEAN Intergovernmental Commission on Human Rights (AICHR), t ...
Date: 26 December 2017; Type: Legal News; Source: Philippine News Agency

New Patent Act provides Transparency, supports International Agreement

BANGKOK, Dec 24 (NNT) - The amendment of the new Patent Act will provide more transparency and accommodate international agreement without increasing complexity, says official. The Department of Intellectual Property Director-General Thosapone Dansuputra said the ongoing Patent Act amendment is aimed at helping improve the efficiency and trans ...
Date: 24 December 2017; Type: Legal News; Source: National News Bureau of Thailand

President Duterte vetoes Five items in First Tax Reform Package

MANILA, Dec 22 (PNA) - Five items in the first package of tax reform were vetoed by President Rodrigo R. Duterte after noting that if implemented these provisions will be detrimental to the government and would violate existing laws. Finance Secretary Carlos Dominguez III, in a briefing Friday, said Malacanang will release the copy of the Veto ...
Date: 22 December 2017; Type: Tax News; Source: Philippine News Agency

Employers need to pay Levy for Foreign Workers starting January 1, 2018

PUTRAJAYA, Dec 20 (Bernama) - Starting Jan 1, employers nationwide are required to pay the levy for their foreign workers. The Human Resources Ministry in a statement here today said all employers must pay the levy for new foreign workers as well as for foreign workers who have renewed their Temporary Employment Visit Pass (PLKS). "This p ...
Date: 20 December 2017; Type: Legal News; Source: Bernama

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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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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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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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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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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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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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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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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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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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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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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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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