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[SINGAPORE] The Ministry of Law (MinLaw) is studying recommendations to streamline how foreign law firms can practise here, addressing concerns that the current regulatory framework is too complex and risks undermining the independence of local law practices. The proposals, outlined in a report on Thursday (Oct 16), aim to balance three priorities: maintaining an open and international legal market, ensuring equal collaboration between local and foreign firms, and preserving the independence of Singapore practices.The committee, chaired by Attorney-General Lucien Wong, noted that the foreign law firms’ licensing system has grown increasingly complicated since foreign firms were allowed to collaborate with…
TAIPEI :TSMC, the world’s main producer of advanced AI chips, posted a 39.1 per cent jump in third-quarter profit to record levels that handily beat market forecasts on Thursday, though U.S. tariffs could weigh on its outlook.Benefiting from surging demand for advanced chips used in artificial intelligence applications, Taiwan Semiconductor Manufacturing Co said net profit for July-September climbed to T$452.3 billion ($14.76 billion), its sixth straight quarter of double-digit growth.That was well ahead of a T$417.7 billion LSEG SmartEstimate drawn from 20 analysts. SmartEstimates are weighted toward forecasts from analysts who are more consistently accurate.Trump’s trade policies and threats to…
[SEOUL] South Korea’s chief presidential policy adviser said on Thursday he was “optimistic” about ongoing talks to finalise a trade deal with the US, in the latest remarks by officials suggesting progress in negotiations that had stalled for months.Kim Yong Beom and Industry Minister Kim Jung Kwan spoke to reporters before departing for the United States. They will be joining Finance Minister Koo Yun Cheol and Minister for Trade Yeo Han Koo for follow-up negotiations in Washington.Kim’s comments echo Minister Koo’s remarks earlier this week that there was “huge progress” and Foreign Minister Cho Hyun saying there were “positive signals”…
David Ortiz, Derek Jeter & Alex Rodriguez praised and discussed Yoshinobu Yamamoto and the Los Angeles Dodgers dominant Game 2 in NLCS against the Milwaukee Brewers.
Paytm, PhonePe, Google Pay (Gpay) and Bhim UPI QR Codes (Standee) are Kept outside for Cashless payments at a medical store in Gurugram on the outskirts of New Delhi, India on 16 May 2020.Nasir Kachroo | NurPhoto | Getty ImagesThis report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here.The big storyMoney seems to be moving a lot faster in India compared to the mobility of the people carrying out the transactions, and nowhere was that more evident than at the Global Fintech Fest in Mumbai’s Bandra…
[SINGAPORE] An independent director of Singapore-listed 17Live Group has resigned after she was added to a US sanctions list for her alleged links with a Cambodian businessman accused of running a global scam operation involving forced labour.Karen Chen Xiuling is among three Singaporeans and 17 Singapore-registered entities added to the US Specially Designated Nationals and Blocked Persons list.She voluntarily resigned on Oct 15 from her role as an independent director of 17Live, a Taiwanese live-streaming company.US persons and companies are banned from doing business with anyone on the list, which is regulated and maintained by the US Department of the…
The Toronto Blue Jays capitalized a massive third inning comeback thanks to extra base hits by Andres Gimenez and Daulton Varsho.
Margins will be pinched as interest-income gains are further limited, compounded by weak lending and bad debt[BANGKOK] Four of Thailand’s largest banks are expected to post sharp declines in third-quarter net interest income as the nation’s persistently high household debt and weakening economy weigh on their business.Thailand’s economy is lagging behind regional peers, leading the Bank of Thailand to lower its key interest rate to 1.5 per cent, a level only seen during major global downturns, such as during the pandemic.“Thailand’s post-pandemic recovery has been weaker than that of regional peers, and economic prospects in 2025 and 2026 are likely…
George Springer hit a solo-HR, extending Blue Jays lead over Mariners.
WASHINGTON — WASHINGTON (AP) — The Trump administration is looking to provide an additional $20 billion in financing for Argentina through a mix of financing from sovereign funds and the private sector. That would come on top of the $20 billion credit swap line that the U.S. Treasury pledged to Argentine President Javier Milei and his government this month to bolster the South American nation’s collapsing currency.“We are working on a $20 billion facility that would complement our swap line, with private banks and sovereign funds that, I believe, would be more focused on the debt market,” Treasury Secretary Scott…