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Philippines issues rules on ride-sharing services
BY Reuters |
15 May 15
The Philippines issued new rules for ride-sharing services such as Uber on Wednesday, becoming the first country to regulate specifically for such app-based car-hailing operations and prompting threats of legal action from the taxi industry.
Foreign investor group mulls Supreme Court challenge to India's MAT
BY Reuters |
15 May 15
A Hong Kong-based lobby group representing global banks and investors is considering challenging a controversial tax in the Supreme Court, escalating a row that has eroded investor confidence in Prime Minister Narendra Modi's government.
SUKUK PIPELINE - Issue plans around the world
BY Reuters |
14 May 15
Following are major Islamic bond issues in the global pipeline.
Philippines confiscates Tiger Resorts' $2.2 mln guarantee fee over delayed casino
BY Reuters |
14 May 15
The Philippine gaming regulator has confiscated a $2.2 million guarantee payment from an affiliate of Japan's Universal Entertainment Corp and threatened to suspend its permit, citing delays in its casino-resort project in Manila.
Iran's isolated banks may have slow, painful return to global system
BY Reuters |
14 May 15
Iran may be about to restore banking links with the rest of the world after years of separation, but the process won't be easy as its Islamic financial system has evolved in ways that will complicate ties with foreign banks.
In bid to diversify, Brunei aims for stock exchange by 2017
BY Reuters |
14 May 15
Brunei's financial regulator plans to launch a securities exchange as early as 2017, a must-have if the Sultanate is to diversify its economy away from oil and catch up to more mature capital markets in Southeast Asia.
Al Jazeera journalist sues employer for negligence
BY Reuters |
14 May 15
An Al Jazeera television journalist on trial in Egypt has filed a lawsuit in a Canadian court accusing his employer of negligence and has demanded $100 million in compensation, his lawyer said.
Zain Iraq gets regulator nod to list on Baghdad bourse
BY Reuters |
14 May 15
Zain Iraq, the country's biggest mobile phone operator by subscribers, has received approval from the stock market regulator to list on Baghdad's bourse, parent firm Zain said.
Indonesia considers cutting corporate tax rate to attract investment
BY Reuters |
14 May 15
Indonesia is considering cutting its corporate tax rate to as low as 17.5 percent from 25 percent to attract more investment from companies that are operating in the region, a tax ministry official.
Toyota, Mazda announce 'engagement' via long-term partnership
BY Reuters |
14 May 15
Japan's Toyota Motor Corp and Mazda Motor Corp announced a long-term partnership that would go beyond project-based tie-ups in an industry where rivals are increasingly turning to each other for help.
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