Ong, known as a ‘risk taker’ and ‘shrewd businessman’ with a penchant for closing deals, has also had brushes with controversy.
Mauritania to regulates green hydrogen development with tax incentives
Mauritania has enacted a new law to introduce a regulatory framework for the development and operation of green hydrogen, offering tax breaks to attract more investments into the African nation’s renewable energy sector.
Qatar digital assets regulation framework to accelerate fintech innovation
The Qatar Financial Centre’s (QFC) new digital assets regulatory framework has introduced innovative legislation alongside amendments to existing laws on the regulation of digital assets within the country’s financial free zone.
Asia-Pacific employers could see non-compete clauses curbed
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.
