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Asian Legal Review

We understand Legal Issues in Asia

Month: August 2022

Posted on August 14, 2022

Indian billionaire, investor Rakesh Jhunjhunwala dies at 62

The business magnate, who had an estimated net worth of US$5.8 billion, helped launch low-cost Akasa Air that took its first flight last week.

Posted on August 14, 2022

Malaysia’s GDP growth to quicken on pent-up demand, Finance Minister Zafrul Aziz says

‘Restaurants are packed, traffic jams have returned’, finance chief Zafrul Aziz says, with economic recovery also aided by boom in overseas trade.

Posted on August 13, 2022

150,000 Bangladeshi tea workers – ‘modern-day slaves’ – strike over dollar-a-day wages

The workers, at more than 200 tea plantations, want a 150 per cent wage rise; their pay is said to be among the lowest in the world. But bosses, who have offered a small increase, say their costs are rising.

Posted on August 13, 2022

Jokowi’s strongman rival Prabowo throws hat into Indonesia presidential race

Defence Minister Prabowo Subianto, who was beaten by President Jokowi in the last two elections, will run for the top job in 2024.

Posted on August 12, 2022

South Korea’s delicate US-China balancing act as Chip 4, IPEF limits room for Seoul, Beijing to manoeuvre

South Korea is seen as a key part of the US-led Indo-Pacific Economic Framework (IPEF) and Chip 4 alliance, but Beijing has protested that both are plans to contain China and exclude it from various supply chains.

Posted on August 12, 2022

Screening of third country transactions in Ireland to become the norm

A recently published Bill will when enacted subject certain third country transactions based in Ireland to government reviews.

Posted on August 12, 2022

Indonesia revokes thousands of mining permits covering over 3 million hectares – wants ‘new entrepreneurs’

The government plans to redistribute the land to other companies. ‘We want new entrepreneurs in these regions, so there will be balance’, Investment Minister Bahlil Lahadalia said.

Posted on August 12, 2022

Powering Australia: Australia’s energy mix in a decarbonising world

Australia’s newly formed Albanese government has lodged an “enhanced Nationally Determined Contribution” (NDC) to the United Nations Framework Convention on Climate Change (UNFCCC) secretariat and set a more ambitious emission reduction target of 43% below 2005 levels by 2030.

Posted on August 11, 2022

Compare The Market ruling ‘not green light’ for price restriction clauses

A recent UK ruling does not mean that clauses in contracts that place restrictions on the price suppliers can offer products or services on other sales channels beyond their own are acceptable under competition law, an expert has said.

Posted on August 11, 2022

Sri Lanka’s ex-leader Gotabaya Rajapaksa on the move again, leaves Singapore

Authorities did not say where he was heading but the Thailand said on Wednesday he was seeking entry there. He fled Sri Lanka last month amid a deepening economic crisis and widespread protests.

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