As the UK moves to limit the use of ‘restrictive covenants’ such as non-compete and non-solicitation clauses in employment agreements, and the US’ Federal Trade Commission ban on such clauses faces mixed judicial opinion, jurisdictions across the Asia-Pacific region could soon adopt similar restrictions.
Damaged water pipe in Singapore floods parts of Marine Parade
The damaged pipe, which was damaged during lift retrofitting works, serves the Marine Drive area and water supply is not impacted.
Singapore charges tycoon Ong Beng Seng over case linked to ex-minister Iswaran
Ong faces one charge of abetting a public servant to obtain valuable gifts and another of obstructing justice.
Philippine defence chief urges tougher anti-espionage laws to tackle national security threats
Analysts say an amended law will strengthen detection and prosecution capabilities in peacetime, but politics could be a roadblock.
EU fund naming guidelines risk further uncertainty for investors
Recently published European Securities and Markets Authority (ESMA) guidelines regulating the use of environmental, social, and governance (ESG) and sustainability related terms in fund names will have a significant impact on the investment market.
Japan calls Russia’s denial of alleged airspace intrusion ‘extremely regrettable’
Moscow also rejected Tokyo’s protest over the incident, which was made through diplomatic channels.
Indonesia’s move to rehabilitate Suharto reopens wounds, draws condemnation
Indonesian legislators have removed the dictator’s name from a corruption decree and proposed to award him a national hero status.
OFSI shows willingness to impose strict liability Russia sanctions penalty
A recent fine imposed by the UK’s Office of Financial Sanctions Implementation (OFSI) demonstrates the regulator’s power and willingness to issue a monetary penalty on a ‘strict liability’ basis, an expert has said.
India gains ‘advantage’ over China as Sri Lanka’s new leader seeks to balance ties
New leader Dissanayake is a ‘practical nationalist’ who is likely to factor India’s security concerns into his foreign policy, analysts say.
Driver who fled Thailand school bus blaze that killed 23 arrested
The driver told investigators he ran away because he panicked. Victims of the fire were still being identified on Wednesday.