Bali’s ‘big leap’: from holiday paradise to international financial centre

Indonesia is pushing ahead to transform the holiday island of Bali into an international financial centre, with its parliament set to debate new laws this week while a key conference set out targets and cited models such as Hong Kong as an example.
Minister of Investment and Downstream Industry Rosan Roeslani, who heads state-owned sovereign wealth fund Danantara Indonesia, said the financial centre was part of Jakarta’s efforts to establish itself as a trusted destination for investors seeking…

Negeri Sembilan snap poll threatens to chip away at Malaysian state’s tech hub goals

Negeri Sembilan’s bid to turn itself into Malaysia’s next hi-tech industrial hub is heading into an unusual political stress test, as a royal dispute spills into a snap election on August 1.
The vote matters not because existing semiconductor and aerospace projects are expected to flee but because it could slow future commitments, reshape the state’s policy environment and sharpen wider uncertainty over the prospect of a snap national poll, analysts say.
Long regarded as an affordable base for…

Malaysia can’t block MMC Port chief as state doesn’t meddle in company matters: minister

Malaysia’s government could not interfere in the management of companies and only regulates ⁠shareholding structures, its transport ⁠minister said on Friday, following the appointment ⁠of former DP World chief Sultan Ahmed bin Sulayem to lead the country’s largest port operator.
Sultan Ahmed, who in February quit his top post at Dubai-based logistics giant DP World amid scrutiny over his alleged ties to Jeffrey Epstein, has taken ‌charge of Malaysian firm MMC Port Holdings.
“We regulate only in…

ICC emphasises early determination in updated arbitration rules

Article 30 of the 2026 International Chamber of Commerce (ICC) Arbitration Rules introduces a notable procedural innovation, formally codifying the power of arbitral tribunals to determine claims and defences at an early stage where they are manifestly without merit or manifestly outside the tribunal’s jurisdiction.

Driver claims India’s eco-friendly fuel damaged his car. Court agrees

In a ruling that could expose carmakers to greater liability over India’s ethanol-blended fuel policy, an Indian consumer court has ‌ordered Maruti Suzuki to provide a new car to a customer who alleged mandatory E20 fuel damaged his car.
The first-of-its-kind ruling is likely to be closely watched as legal experts said it could embolden other vehicle owners who believe the fuel has caused problems with their cars to seek compensation.
Prime Minister Narendra Modi’s government and carmakers –…

Philippine military assures ‘no vacuum’ over top officer’s retirement

Senior Philippine officers from the armed forces have emphasised continuity among the military leadership, with the expected retirement of chief of staff General Romeo Brawner Jnr coming at a sensitive moment for President Ferdinand Marcos Jnr.
The transition comes as Manila continues to face pressure from Beijing in the South China Sea and calls from several retired officers for the military to reconsider its support for Marcos.
Whoever Marcos appoints to replace Brawner has to ensure that the…