Wednesday, 22 May 2019

Organisations may receive lower fines if they admit role in data breaches: Privacy watchdog

SINGAPORE – Organisations that expedite the privacy watchdog’s processes by admitting their role in a data breach and pleading guilty to it, may receive a lower fine if the attack is a common breach. Common breaches include URL manipulation, poor password management, or printing errors resulting in incorrect recipients, the Personal Data Protection Commission (PDPC) […]

Turkey lowers tariffs on some U.S. imports to reciprocate U.S. move

ANKARA (Reuters) – Turkey has reduced tariffs on some U.S. imports in response to a similar United States move to halve tariffs on Turkish steel imports, the official gazette showed on Wednesday. The United States had doubled tariffs on Turkish steel and aluminum imports last August amid a diplomatic row between the NATO allies that […]

US business group says retaliation rising in China amid trade war

BEIJING (REUTERS) – A top US business lobby in China said on Wednesday (May 22) that nearly half of its members are seeing non-tariff barrier retaliation in China as a result of the increasingly bitter trade war between Beijing and Washington. The American Chamber of Commerce of China and its sister body in Shanghai, citing […]

Japan exports fall again but business sentiment offers hope

TOKYO (Reuters) – Japanese exports fell for the fifth month in April in a sign of the growing economic strain exerted by the Sino-U.S. trade war, but a pickup in business sentiment and machinery orders show companies remain optimistic about the future. The exports contraction followed gross domestic product (GDP) data out Monday that showed […]

China’s latest weapon in the trade war: Karaoke

A Chinese propaganda song about the ongoing Sino-US trade war is getting a lot of interest – and raising a few eyebrows – on Chinese social media. Trade War, written by a former Chinese official, appeared on popular mobile messenger WeChat on Friday and has been viewed hundreds of thousands of times. It has also […]

China’s latest weapon in the trade war: Karaoke

A Chinese propaganda song about the ongoing Sino-US trade war is getting a lot of interest – and raising a few eyebrows – on Chinese social media. Trade War, written by a former Chinese official, appeared on popular mobile messenger WeChat on Friday and has been viewed hundreds of thousands of times. It has also […]

Turkey: Where to go when the cash runs low

LONDON (Reuters) – Turkey is struggling to support the ailing lira, which has lost more than 40% of its value over the past two years, and with foreign currency reserves running low, investors are trying to map out Ankara’s options for turning the tide. The $850 billion economy’s potential needs are huge. Were Turkey to […]

For Sri Lanka’s Bickering Leaders, Terrorist Attack Dims Election Hopes

COLOMBO, Sri Lanka — Even before the coordinated bombings that killed 250 people last month, Sri Lanka’s president and prime minister were in trouble — largely of their own making. Now calls for President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe to step aside when their terms are over, if not before, are mounting from […]

DPM Heng Swee Keat on 8-day visit to China

SINGAPORE – Deputy Prime Minister Heng Swee Keat will visit Beijing, Shanghai, Guangzhou, Shenzhen and Hong Kong from Wednesday (May 22) to May 29. In Beijing, Mr Heng will meet Chinese Premier Li Keqiang, Vice-Premier Han Zheng, director of the Central Foreign Affairs Commission Office Yang Jiechi, and Minister of the Chinese Communist Party’s (CCP) […]

Minor clashes reported as police move to disperse protesters in Jakarta

JAKARTA – Minor clashes were reported on Tuesday (May 21) evening as police tried to disperse some 2,000 protesters who had gathered at the headquarters of the election supervisory agency (Bawaslu), an independent agency tasked to oversee elections and rule on disputes. The violence followed the release of official results for last month’s election earlier […]