Shanghai and Singapore have announced measures aimed to generate greater collaboration between financial institutions in the cities as well as financing for ‘belt and road’ projects and measures to bring international investment to China’s capital markets.
With Indonesia’s ‘heresy app’, religious harmony hasn’t a prayer
Rights groups have hit out at a new app from the Indonesian government that lets the public report suspected cases of religious heresy, arguing that it will aggravate persecution in a country already grappling with vigilante violence against minorities.
Users of the app can report groups practising unrecognised faiths or unorthodox interpretations of Indonesia’s six officially recognised religions, which include Islam, Hinduism, Christianity and Buddhism.
Launched last week by the Jakarta…
Kidnap fear in India as only transgender political candidate goes missing a week before elections
The only transgender candidate in state elections in southern India has gone missing, police said on Wednesday, with fears that she was kidnapped on her second day of campaigning.
Chandramukhi Muvvala disappeared minutes after she left her one-room home on Tuesday morning in an informal settlement in Hyderabad, capital of Telangana state, city police said.
“We have registered a complaint of missing person. We are trying to trace her,” said Kanneboina Uday, investigating officer in…
PSD2 sparks rise in UK reported tech and cyber incidents
The number of outages that financial services firms reported to the UK’s Financial Conduct Authority (FCA) more than doubled in a year, according to new data published by the regulator.
Relatives of missing passengers from Malaysia Airlines flight MH370 think they may have found more pieces of debris
Relatives of people who went missing on Malaysia Airlines flight MH370 in 2014 have retrieved what they believe are new pieces of debris from the aircraft and will present them to the Malaysian government this week.
Flight MH370 was on its way from Kuala Lumpur to Beijing on March 8, 2014, with 239 people on board, when it disappeared and became one of the world’s greatest aviation mysteries. Malaysian and international investigators believe the jet veered thousands of miles off course…
CEO of eBay Devin Wenig targets Japanese market as company sets its sights on Asian expansion
The CEO of eBay said on Tuesday that the US e-commerce giant aims to build up a “multibillion dollar” business in Japan by offering a range of foreign items with competitive prices.
Devin Wenig also said that the company will expand operations in other parts of Asia, including the Philippines, Thailand and Vietnam, citing their growth potential and that it is “always watching” for new business opportunities. “We would like to be one of the top Japanese e-commerce…
Malaysia’s richest state calls security council, PM Mahathir denies racial element as violence rages
Malaysian officials on Tuesday convened a high-level security council meeting after two consecutive days of violence near Kuala Lumpur, while Prime Minister Mahathir Mohamad strongly pushed back against suggestions the troubles had a racial undertone.
The clashes near a Hindu temple in the state of Selangor have been linked to a dispute between the 147-year-old institution and a developer who claimed to have acquired the land for RM1.5 million, although it is unclear to whom the proceeds were…
Spain finalises new data protection and digital rights law
ANALYSIS: A new law on data protection and digital rights has been approved by Spain’s parliament and will come into force in the coming days. The law will complement the General Data Protection Regulation (GDPR).
Maldives’ new finance minister blames China for inflating prices of infrastructure projects
The Maldives’ new finance minister said on Monday that China is executing infrastructure projects at vastly higher prices than originally proposed but there is little the island nation can do about it.
President Ibrahim Mohamed Solih’s administration, which took office this month, is reviewing contracts awarded by his predecessor Abdulla Yameen. Most went to Chinese firms and are feared to have left the country in debt.
During a five-year building spree, China built a sea bridge…
Pre-pack insolvencies used to avoid liabilities, says independent panel
Some businesses are using pre-pack insolvency arrangements to avoid tax liabilities, according to a member of an independent panel.
