Month: January 2019

ANALYSIS: Fund managers will need to alter existing practices to comply with reforms to UK limited partnership laws likely to be introduced in 2019.

Tourists marooned on Thai islands hunkered down on Friday as Tropical Storm Pabuk struck the kingdom, forcing airports and ferries to close and bringing power blackouts, heavy rains and massive sea swells.
Boats were recalled to shore across the Gulf of Thailand, while two key airports – Koh Samui and Nakhon Si Thammarat – were shut until Saturday, leaving tourists who remained on the islands cut off.
Meteorologists said Pabuk, the first tropical storm in decades to strike during…

it has been called the Bohemian Rhapsody phenomenon – the movie that celebrates the band Queen and the life of lead singer Freddie Mercury has rapidly become a cultural obsession across East Asia.
In South Korea, a country of just 51 million people, the film has already sold 9.4 million tickets, with box office receipts of US$72 million second only to the United States and even overtaking those in the band’s home country of Britain, according to film industry data. [보…

Tax relief is to be re-introduced in the UK for goodwill acquired on a business purchase but will be capped at six times the value of intellectual property (IP) assets being purchased, government amendments to the Finance Bill 2019 confirm.

A US soldier accused of killing his wife and dumping her body in a bin before fleeing to Thailand is now wanted by the American military for desertion.
Prosecutors in the state of Indiana filed murder charges on Wednesday against Peter Van Bawi Lian for the death of 27-year-old Khuang Par, whose body was found stuffed inside a suitcase in a rubbish bin on December 23. According to court documents cited by local newspaper The Indianapolis Star , a restraining order was issued against Lian on…

The scrutiny that an Iceland Foods staff savings scheme has come in for shows that businesses can expect HM Revenue & Customs (HMRC) to enforce rules on the National Minimum Wage (NMW) strictly, a tax expert has said.

US President Donald Trump said Wednesday he had received a “great letter” from Kim Jong-un, after the North Korean leader warned Pyongyang might change its approach to nuclear talks if Washington persists with sanctions.
“I just got a great letter from Kim Jong-un,” Trump told a cabinet meeting, reiterating that he still expected to hold a second summit with the North Korean leader, after the pair signed a pledge on denuclearisation of the Korean peninsula in Singapore…

A controversial China-backed infrastructure project that Malaysian Prime Minister Mahathir Mohamad put on the back burner in July will continue on a smaller scale, he has said – pending Beijing’s approval.
In an interview with Chinese language Malaysian daily Sin Chew, Mahathir said that the 80 billion ringgit (US$19.3 billion) East Coast Rail Link (ECRL) project, which was out for tender when it was dropped, could continue if Beijing took into account the tough economic spot…

Saheb Ali felt an icy wind, saw a wall of water hurtling towards him and desperately held on to an electric cable to avoid becoming one of the 15 men trapped for more than two weeks in a remote Indian mine.
The missing workers were cut off when water from a river poured into the illegal Ksan mine – a disaster that has made headlines amid increasingly desperate efforts to save the group. Among them were three of Saheb’s friends – fellow so-called rathole miners from the same…

A law requiring internet companies in Vietnam to remove content communist authorities dislike came into effect on Tuesday, in a move critics called “a totalitarian model of information control”.
The new cybersecurity law has received sharp criticism from the US, the EU and internet freedom advocates who say it mimics China’s repressive censorship of the internet. It requires internet companies to remove content the government regards as “toxic” and compels them to…