With only two months left before the May 9 presidential elections, the candidate leading the polls continues to avoid debating his opponents and doing hard interviews with the press.On February 27, Ferdinand “Bongbong” Marcos Jnr, 64, refused to join nine other presidential candidates in a debate sponsored by CNN Philippines. He said he had a “busy schedule”.On January 22 he was a no-show in a three-hour interview featuring four other candidates with the GMA Network TV station. Marcos’…
Malaysian electric utility goes after illegal bitcoin miners who steal power
Power theft in Malaysia for cryptocurrency mining is a problem that’s growing quickly. But the national utility has a few ideas of how to tamp down the practice.Tenaga Nasional has proposed a special tariff for bitcoin mining operators in a move to fight electricity theft, its top executive said on Thursday. It has also proposed that the Energy Commission encourage bitcoin mining operators to apply for legal electricity supply.Tenaga, which counts Malaysia’s sovereign wealth fund Khazanah…
Ukraine war: Singapore slaps sanctions on Russian banks, cryptocurrency transactions
Singapore will impose unilateral sanctions against Russia, a move a former diplomat said was the first time in decades that the city state was censuring a foreign nation without backing from the United Nations Security Council.Sanctions include the imposition of export controls on items that can be used as weapons, targeted financial measures on designated Russian banks and restrictions on cryptocurrency transactions that may be used to circumvent financial sanctions, according to a statement…
North Korea fires suspected ballistic missile days before South’s presidential election
North Korea fired at least one suspected ballistic missile toward the sea to the east of the Korean peninsula on Saturday, militaries in the region said, an apparent test just days before the South’s presidential election.South Korea’s Joint Chiefs of Staff said it detected the launch of one suspected ballistic missile, while the office of Japan’s Prime Minister also said it was a suspected ballistic missile.The launch would be the ninth this year. The last was on February 27 when North Korea…
New rules boost Dubai’s international arbitration credentials
The modernisation of arbitration rules for the Dubai International Arbitration Centre (DIAC) can help Dubai become a leading hub for international arbitration, an expert has said.
Some differences identified in draft EU and UK vertical agreement rules
The proposed texts of the UK’s Vertical Agreement Block Exemption Order (VABEO) and corresponding EU legislation contain certain noteworthy differences for suppliers active in the UK and EU, according to one legal expert.
More rains to drench flood-battered Australia as scores still missing
Australian authorities on Friday warned of more rains over the weekend in several flooded regions in the country’s east, likely hampering relief efforts as defence personnel try to reach worst-hit towns cut off by days of downpours.A wild weather system that dumped more than a year’s worth of rainfall over a week in several places in southern Queensland and northern New South Wales brought widespread destruction, leaving thousands of people displaced and sweeping away property, livestock and…
Foreign direct investment in India
The legal, administrative and compliance aspects of foreign investment in India are embedded in the Foreign Exchange Management Act 1999 (FEMA), the Foreign Direct Investment (FDI) Policy and regulations notified under FEMA by the central bank, the Reserve Bank of India (RBI) from time to time.
Philippines: 7 militants killed, bombs seized in latest raid by troops
Philippine troops killed at least seven Muslim insurgents aligned with Islamic State group in a recent offensive in the south and recovered 45 heavy firearms and several bombs and landmines that were to be used in future attacks, military officials said Thursday.About 60 Muslim militants were in the remote camp near Maguing in Lanao del Sur province when it was attacked Tuesday by fighter jets and army forces, military officials said.It was not immediately clear whether their leader, Abu…
Over 1.2 million customers affected by Hong Kong data breaches
A hotel and an online retailer in the Hong Kong Special Administrative Region (HKSAR) have recently suffered a data breach of their IT systems, which affected information they held on over 1.2 million customers.
