Singapore 

Singapore’s fake news law may hurt innovation, says Google, Singapore News

SINGAPORE – Google said on Thursday an anti-fake news law passed by Singapore’s Parliament could stunt innovation, a quality that the city-state wants to nurture under plans to expand its tech industry. Singapore’s Parliament on Wednesday passed the Protection from Online Falsehoods and Manipulation Bill, a law criticised by rights groups, journalists and tech firms over fears it could be used to clamp down on freedom of speech. The passage of the law comes at a time when Singapore, a financial and transport hub, has been making efforts to position itself…

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Singapore 

Fake news law passed after 2 days of debate, Singapore News

SINGAPORE – After a marathon two-day debate that stretched late into Wednesday evening (May 8), Parliament passed a comprehensive piece of legislation to combat fake news. The proposed law is not a political tool for the ruling party to wield power, said Home Affairs and Law Minister K. Shanmugam, but is about shaping the kind of society that Singapore should be. Summing up the often-fractious debate on the Protection from Online Falsehoods and Manipulation Bill, he painted a picture of a society in which lies are kept out and there…

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Singapore 

Fake news law covers closed platforms like chat groups and social media groups, says Senior Minister of State for Law, Singapore News

A proposed law to fight fake news will also cover closed communications platforms – such as chat groups and social media groups – and even those with end-to-end encryption that only allows senders and recipients to read the messages being exchanged. Senior Minister of State for Law Edwin Tong said in Parliament on Tuesday (May 7) during the debate on the Protection from Online Falsehoods and Manipulation Bill that closed platforms, the likes of chat groups and social media groups, serve as “a public megaphone” as much as open ones.…

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Singapore 

K. Shanmugam sits down for interview on proposed fake news law – with Ah Lian, Singapore News

SINGAPORE – Home Affairs and Law Minister K. Shanmugam has given another interview about the proposed fake news law to be read for a second time in Parliament on Monday (May 6). The hard-hitting journalist interviewing him? None other than Ah Lian, a well-known local Internet personality and the alter ego of actress Michelle Chong. “Today lim bu (Hokkien, referring to herself) is want to talk the serious thing. Eh! This thing ah is matter to all of you now watching,” Ah Lian opens the video in her trademark vernacular…

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Vietnam 

Securities draft law remains confusing: report – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – The draft amended Law on Securities, expected to be approved by the upcoming National Assembly meeting in May, is still causing confusion among investors, market members and regulators. Some items are unclear while others are unreasonable and no longer fit the Vietnamese market’s conditions, the Government said in a report submitted to the National Assembly’s Economic Committee yesterday. Those issues may befuddle investors, market members and regulators, the Government said, adding that policymakers must adjust the law so it matches international…

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Singapore 

Online news sites must publish corrections on fake news, take down false articles under proposed law: Lee Hsien Loong, Singapore News

SINGAPORE – A proposed law will require online news sites to publish corrections or warnings on fake news, or even remove such articles in extreme cases, said Prime Minister Lee Hsien Loong on Friday evening (March 29). These changes to tackle the spread of fake news are part of the Protection from Online Falsehoods and Manipulation Bill, which will be introduced in Parliament on Monday. The new Bill will give the Government the power to hold online news sources and platforms accountable if they proliferate deliberate falsehoods, Mr Lee said.…

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Home 

China’s new foreign investment law opens the door wider to overseas firms. But they’ll have to step up their game to make the most of it

China has just passed a new law that will replace existing regulations on wholly foreign-owned enterprises and on joint ventures involving overseas companies. In response to changing global realities and the need to further open up its economy, the new law includes many stipulations that aim to foster a level playing field for foreign and domestic enterprises. Forced technology transfer, one of the main issues driving the US-China trade war, will now be banned. The law also emphasises… Source link

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China 

China risks ‘the legitimacy of the Communist Party’s regime’ without changes, says law professor

China risks a “downturn that will fundamentally shake the legitimacy of the Communist Party’s regime” if it does not make structural reforms and fulfil the commitments it made when joining the World Trade Organisation, according to outspoken law professor He Weifang.Central to the ongoing trade war with the United States have been issues raised by US President Donald Trump surrounding forced technology transfer, intellectual property theft and market access, all of which are areas China… Source link

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Home 

New law gives Hongkongers tax break of US$7,650 in a bid to boost their inadequate pension savings

Hong Kong’s lawmakers unanimously passed an amended law on Wednesday that allows up to HK$60,000 (US$7,650) in tax deductions in a bid to encourage more voluntary retirement savings in pension schemes and address the shortfall.The change comes into effect on April 1 and taxpayers will be able to claim the deduction on their tax returns in the new financial year.“The tax law change is aimed at encouraging more people to better prepare for their retirement,” said Wong Ting-kwong, a lawmaker from… Source link

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China 

Chinese Premier Li Keqiang says foreign investment law shows Beijing is serious about opening economy further

The passage of the new foreign investment law shows China is serious about addressing foreign investors’ concerns, as it continues to open up its domestic market, Chinese Premier Li Keqiang said on Friday.But while foreign observers agreed the law is a step in the right direction, concerns remain that it does not go far enough. There is also widespread doubt among the foreign business community that it will be effectively implemented.In total, 2,929 lawmakers at the National People’s Congress … Source link

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