Proposals for a new operational resilience regime for financial services firms operating in the Dubai International Financial Centre (DIFC) will increase board accountability and regulatory scrutiny, experts have said.
HSE unveils plans to streamline UK RIDDOR requirements
Plans to reform workplace injury and incident reporting in the UK will help provide companies with much-needed clarity and cut down on overreporting, according to experts.
Implications of the proposed EU Digital Fairness Act for Irish businesses
Ireland and other member states will need to prepare ahead of new proposed EU rules expected to be published later this year that, if adopted, will require businesses to build in consumer protection at the design stage of all websites, apps and games.
Malaysian business lobby says working from home will hurt city profits, faces backlash
A Malaysian association has come under fire after warning that wider work-from-home arrangements would hurt urban businesses, with critics accusing it of prioritising city-centre takings over the government’s effort to cut fuel use across the country and rein in soaring subsidy costs.
The backlash comes days before Malaysia begins a phased work-from-home roll-out for eligible civil servants on April 15, part of a wider effort to cut fuel use and manage rising costs tied to disruptions caused by…
Businesses can take action to address the uncertainties of the global trade system
The global trading system under the umbrella of the World Trade Organization (WTO) is failing businesses.
Indonesian activists target Myanmar’s president in genocide case against him
A genocide complaint filed with Indonesian prosecutors against Myanmar’s newly elected President Min Aung Hlaing marks a further step by rights activists to hold the country’s military rulers accountable for their alleged international crimes, regardless of where they were committed.
The complaint, lodged on Monday with Indonesia’s Attorney General’s Office (AGO), accuses the former military chief of genocide against the Rohingya, including mass rape, forced eviction, killings and arson attacks…
US to remain key ally of Asean despite Iran war fallout: diplomat
The US war on Iran has triggered the worst energy crisis in memory and punched a hole in Southeast Asia’s energy-importing economies. Still, a top former US diplomat insists America remains a dependable ally and will be central to the region’s trade and security for years to come.
The Trump administration’s attack on Iran had inflicted pain on Southeast Asian allies dependent on Middle Eastern energy imports, said Ambassador Daniel Kritenbrink, a former assistant secretary of state for East…
Thailand confirms deaths of 3 cargo ship crew in Gulf attack
Thailand’s foreign minister confirmed on Wednesday the deaths of three Thai crew members of a cargo ship struck by Iran while transiting the Strait of Hormuz a month ago.
US-Israeli strikes on Iran in late February prompted Tehran to respond by effectively closing the strait, a crucial artery for global oil supplies, and launching attacks on vessels.
The Thai-flagged Mayuree Naree was struck on March 11 while travelling through the Gulf waterway, after departing a port in the United Arab…
Saudi Central Bank announces first fintechs licensed to offer open banking services
The licensing of two fintech firms to provide open banking services in the Kingdom of Saudi Arabia (KSA) marks “a significant regulatory inflection point” for the country’s fintech ecosystem, an expert has said.
Myanmar’s food security in crisis as fuel, fertiliser shortages threaten fragile economy
Myanmar’s weak economy is being brutally exposed to the fuel crisis, with farmers unable to fill up tractors to work their fields and a fertiliser shortage caused by the throttling of the Strait of Hormuz threatening food security just as the planting season begins.
Battered by civil war and runaway inflation, and with a quarter of its population already lacking sufficient food, Myanmar is poorly positioned to absorb the oil shock and its cascading effects on an economy that is among the most…