Singapore 

$1.25m 4-D win: Wife has equal share in husband’s prize money, rules apex court, Singapore News

SINGAPORE – Singapore’s apex court has ruled that the lottery winnings of a spouse are part of a couple’s matrimonial assets to be shared equally, when the ticket is bought with the intention of benefiting the family instead of the winner alone. In reversing a High Court decision, the Court of Appeal made clear that it is not laying down a “blanket rule” that lottery prize money must be shared equally when there is a divorce. Judge of Appeal Andrew Phang said the presumption is that both contributed equally to…

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Home 

For a more equal and still diverse Indonesia, all of Asia should hope Widodo’s second term is successful

Anyone who has spent time in Indonesia will almost certainly have been influenced, and impressed, by the wayang shadow theatre, now honoured by Unesco as a masterpiece of oral heritage.To me, it captures the mystery, complexity and inscrutability of Indonesia: a country in which the significant majority of the population (87 per cent) is Muslim, but is not a Muslim state and honours the diversity of its Hindu, Christian and Confucian communities; a country held together by founding president… Source link

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China’s small business lending push could equal US$418 billion in new loans, S&P Global says

Beijing’s efforts to boost the availability of capital to the country’s smallest businesses could generate as much as 2.8 trillion yuan (US$418 billion) in new loans if the nation’s banks meet the government’s target to increase business lending this year, according to S&P Global.In March, Chinese Premier Li Keqiang called for the country’s biggest state-owned commercial banks to increase their loans to micro and small enterprises (MSE) by more than 30 per cent this year as China’s economic… Source link

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Vietnam 

Dung Quất wants equal incentives to Nghi Sơn Refinery – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The central province of Quảng Ngãi urged the Government to provide policy incentives for Dung Quất Refinery equal to those enjoyed by Nghi Sơn Refinery to ensure fair competition. In a proposal sent to the Government, Chairman of Quảng Ngãi Province People’s Committee Trần Ngọc Căng said the petrol and oil market was witnessing a supply surplus after Nghi Sơn Refinery went into operation and started selling its products in May. As of September, Nghi Sơn Refinery had pumped nearly one…

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