Category: Uncategorized

Financial institutions should evaluate whether the technology, controls and processes they have in place are sufficient to address the risk that their customers fall victim to investment scams run by unregulated businesses, legal experts have warned.

Police in Thailand said on Thursday they were pursuing more suspects in the kidnapping of a Taiwanese businessman in which an American entrepreneur with a criminal past and two other men have been arrested. The case involves a business dispute over the purchase of nitrile gloves – critical personal protective equipment during the coronavirus pandemic.Louis William Ziskin, the CEO of a Los Angeles-based tech company, and Jeremy Hughes Manchester, identified as a former US Marine, were arrested…

A heated debate in South Korea about mandatory military service for women is inflaming divisions between the sexes rather than narrowing social gaps, the country’s gender equality minister said.The issue has been the subject of wide discussion since April, when ruling party lawmaker and 2022 presidential hopeful Park Yong-jin reacted to local election defeats by suggesting mandatory military service for women would promote gender equality.Chung Young-ai, who leads the Gender Equality and Family…

Recent decisions by the EU General Court should be seen as confirmation of the core approach taken by the European Commission to tax rulings granted by member states to multinational companies, according to legal experts at Pinsent Masons, the law firm behind Out-Law.

Singapore Airlines on Wednesday posted its second-consecutive annual loss, which widened to a record S$4.27 billion (US$3.20 billion), and said it would issue S$6.2 billion of convertible bonds to help weather the coronavirus crisis.The loss for the 12 months ended March 31 was worse than the average S$3.27 billion forecast by eight analysts, according to Refinitiv, and included S$2 billion of impairments largely on the 45 older planes surplus to requirements.It was also far bigger than the S…

Singapore’s Ministry of Health (MOH) has refuted news reports in India claiming of a “Singapore variant” of the coronavirus that causes Covid-19, adding that “there is no truth whatsoever in the assertions found within the reports”.“There is no ‘Singapore variant’,” MOH said in a statement late on Tuesday night.The ministry was referring to two reports published on the day.The first was in Hindustan, an English-language daily, with the headline “Coronavirus variant found in Singapore can be…

Mai Le in Boston does not know when her parents will be able to get vaccinated. The Vietnamese Americans went to Vietnam last January to visit family members and have been stuck there since.With Vietnam now struggling with a fourth wave of Covid-19 that has infected more than 1,400 people in the past three weeks – accounting about a quarter of the country’s total tally – she fears they are vulnerable.“I feel terrible. They should be vaccinated, not me. I’m younger, I’m healthier. They are in…

The Inner House of the Court of Session in Scotland has handed down a significant judgment on the interpretation of the 2017 Electronic Communications Code (‘new Code’) which will be welcomed by telecoms operators, according to experts at Pinsent Masons, the law firm behind Out-Law.

Financial firms should review all of their supplier arrangements, not just those constituting major outsourcings, to ensure they meet UK regulators’ expectations on operational resilience.

The World Economic Forum has cancelled its 2021 annual meeting scheduled for Singapore in three months time, the Swiss-based organisation said on Monday.“Regretfully, the tragic circumstances unfolding across geographies, an uncertain travel outlook, differing speeds of vaccination roll-out and the uncertainty around new variants combine to make it impossible to realise a global meeting with business, government and civil society leaders from all over the world at the scale which was planned,”…