Author: viking

Financial institutions could have to update contracts with third-party suppliers in the coming months to adhere to guidelines the European Banking Authority (EBA) is developing, an expert has said.

The grey hulls of two new Indian stealth frigates are set to slide into service side by side this month, in a rare twin commissioning that analysts say embodies India’s maritime ambitions and sends a clear message to its rivals.
The INS Udaygiri and INS Himgiri are set to formally join the fleet on August 26 in a ceremony at Visakhapatnam on India’s east coast. Both vessels, which were built in separate shipyards, are part of Project 17A – India’s most advanced stealth frigate programme – and…

Thailand will compensate the two Malaysian tourists who were set on fire in Bangkok last week up to 550,000 baht (US$17,000) each for medical expenses and emotional distress, the tourism minister has confirmed.
Gan Xiao Zhen, 27, and Ong Yik Leong, 26, had been sitting on the steps outside the Big C shopping centre on Thursday last week when they were attacked.
Their assailant, later identified as Varakorn Pubthaisong, 30, allegedly doused them with thinner before setting them alight. He claimed…

Age assurance to protect children from harmful online content has come sharply into focus this year in Australia and globally.

Towards the end of his life, Goh Cheng Liang was known as the richest Singaporean, owning some of the world’s most luxurious superyachts, but his humble beginnings left an indelible mark on the elusive paint tycoon and spurred his philanthropic efforts. He died on Tuesday at the age of 98.
Goh, the founder of Wuthelam Group which owns close to a 60 per cent stake in Nippon Paint Holdings, and – according to Forbes – had an estimated net worth of US$13 billion (S$16.7 billion), died with family…

Plans for a Singaporean fighter jet training presence in the US territory of Guam have been shelved, both governments have confirmed, despite years of preparation and investment in upgrading the US Air Force base on the Pacific island.
Singapore and the United States had agreed to “discontinue discussions” on deploying 12 Republic of Singapore Air Force (RSAF) F-15 fighter jets to Guam, the city state’s defence ministry announced on Tuesday.
This followed an earlier statement from the US Air…

FIDIC is one of the most common forms of construction contract used in the Kingdom of Saudi Arabia.

Singapore’s Hyflux founder Olivia Lum has gone from being an entrepreneurial darling in the 2000s – bagging numerous business awards and ranking on high-powered lists that featured mostly men – to now facing criminal charges in court over her company’s failure to disclose information to investors.
On Monday, Lum, 64, arrived at the state courts to stand trial over failure to communicate to investors and the Singapore Exchange information on Tuaspring Integrated Water and Power Project, in the…

A documentary film that Beijing sought to have banned chronicling the hazardous everyday lives of Filipino fishermen and soldiers in the South China Sea is set to open in cinemas in the Philippines this Wednesday.
Food Delivery by director Baby Ruth Villarama was denounced last month for being “rife with disinformation and false propaganda” by the Chinese consulate-general in Auckland, which called for a New Zealand festival not to screen the film, calling it a “political tool” for the…

In the race to secure the building blocks of tomorrow’s technology, India and Australia are edging ever closer to a strategic minerals partnership, positioning themselves as a counterweight to China’s dominance.
Negotiations are ongoing, with both nations exploring avenues to build upon their critical minerals investment partnership – launched in 2022 – to establish joint ventures that could encompass not only sourcing but also collaborative processing of these elements that are essential to the…