A draft report on the code by the Directorate of Investment and Company Administration (DICA), Securities and Exchange Commission of Myanmar (SECM) and Organisation for Economic Co-operative and Development (OECD) is expected to be ready this year. An MOU to draft an official Corporate Governance Code was signed in November last year with the aim of improving corporate governance standards in Myanmar, which, in turn, will support the further development of the country’s capital markets. “We will need a strong framework to effect strong corporate governance standards for Myanmar companies. A Corporate Governance Code which conforms with the current conditions of Myanmar is expected to be ready in 2020,” said U Aung Naing Oo. He urged public-listed companies, public companies and private companies to start preparing their businesses for more stringent corporate governance standards in the months to come. Strong corporate governance in domestic companies … [Read more...] about Corporate Governance Code to be ready next year: minister
The physical infrastructure of Jakarta’s LRT between Kelapa Gading in North Jakarta and Rawamangun in East Jakarta is complete and it is ready for full-fledged operation once it receives the go-ahead from the Jakarta administration. "The construction of the five stations [namely] North Boulevard, South Boulevard, Pulomas, Jakarta Equestrian and Velodrome [is complete]," LRT Jakarta corporate communication Melisa Suciati said on Thursday, wartakota.tribunnews.com reported. She said the company was currently perfecting the systems at the stations, such as ticketing, tracks, communication, security and other facilities, to get ready for commercial operation. "We have installed the systems. Now we are synergizing and perfecting them. We’ll perfect them while waiting for an instruction from the city administration to operate commercially," Melisa said. She said LRT Jakarta had conducted operational trials for a month during the 2018 Asian Games and for two weeks in March … [Read more...] about LRT Jakarta ready for full-fledged operation
Horizon Homes fast-charging EV facility is future-ready Argie C. Aguja (Philstar.com) - May 6, 2019 - 5:37pm Electric vehicles are wonders of automotive technology. They are generally cleaner and cheaper to drive, saving in fuel cost and greatly reducing the amount of carbon emissions that hasten global warming. Here in the Philippines, stakeholders of the fledgling electric vehicle industry are working together in pushing for further investments in clean vehicle technology. Toward a transportation EVolution Foreseeing a future where more electric vehicles ply the roads, Meralco — upon the request of Horizon Homes at Shangri-La at the Fort, Manila — has set up an exclusive electric vehicle (EV) charging station at the luxury residential complex’s basement parking. Opened on December 14, this EV charging station was built by Meralco with help from ABB and Mitsubishi Motors to help residents in the gradual shift … [Read more...] about Horizon Homes fast-charging EV facility is future-ready
Tighter rules for foreign workers ready, Immigration says (Philstar.com) - May 1, 2019 - 2:13pm MANILA, Philippines — The government will tighten rules on issuing work permits for foreigners, the Bureau of Immigration announced Wednesday, saying this is "to ensure that jobs that can be done by Filipinos will not be given to foreigners." Immigration Commissioner Jaime Morente said in a BI press release that the bureau, the Bureau of Internal Revenue, the Department of Labor and Employment and the Department of Justice have signed joint guidelines on the issuance of work and employment permits to foreign nationals. "We saw a rise in the number of foreign nationals in the previous years due to emerging industries such as the online gaming industry," Morente said, referring to Philippine Offshore Gaming Operators, where 138,001 foreign nationals are employed based on DOLE and BI data. "Issues and challenges only appear now. … [Read more...] about Tighter rules for foreign workers ready, Immigration says
When The Financial Times’ (FT) mail room informed me that two bottles of ice-cold camel milk had arrived, my heart dropped. I had spent weeks researching and championing camel milk’s status as the “future of dairy” to my colleagues; now I had to taste it. As I went to try the surprisingly thick beverage, my nose wrinkled, my lips pursed. I realised that something I had not expected was holding me back: Prejudice.Camels were first domesticated for their milk in 3,000 BC, according to the UN, and the liquid is a staple in parts of the Middle East and North Africa, where it can be cheaper than cow’s milk. Now it is gaining popularity with producers and customers elsewhere, from health nuts in America to farmers in sub-Saharan Africa reckoning with climate change.The milk is low in lactose, allowing it to be digested by people with a dairy intolerance and cutting into the market share of nut milks.Touted by fanatics for its alleged medical benefits and by … [Read more...] about Camel milk could be the future of dairy. Are you ready for a camelcino?