Written by Out-Law, Pinsent Masons There has been a significant increase in the number of unsolicited proposals (USPs) for greenfield and brownfield public-private partnership (PPP) infrastructure projects in Asia over the past two years. Unlike solicited proposals where a government entity launches a formal public tender, in the case of an unsolicited proposal, it is the …
Written by Out-Law, Pinsent Masons The Asian Development Bank (ADB) and the Philippine government have signed an agreement which will see $1.3 billion provided to help finance the Malolos-Clark railway project. The ADB is co-financier of the project and has agreed to provide a total $2.75bn loan facility to support construction. According to the ADB statement, …
Written by Out-Law, Pinsent Masons US ambassador to the Philippines Sung Kim has said that US is supporting the Duterte administration’s ambitious ‘build, build, build’ infrastructure programme and American private companies will take part in major infrastructure projects under this programme, according to CNN. This project has also been financed through Chinese loans and grants. The …
Written by Out-Law, Pinsent Masons Foreign arbitration and dispute resolution institutions are allowed to establish business organisations in the new Lingang area of the China (Shanghai) Pilot Free Trade Zone, according to plans published by China’s State Council. The plan said that the new section would compete with leading free trade zones, would open up the …
Written by Out-Law, Pinsent Masons The US, China and other countries will next week sign a new international agreement in Singapore on cross-border mediation agreements. The Singapore Convention on Mediation is the final version of the United Nations Convention on International Settlement Agreements Resulting from Mediation, which was adopted by the UN in December. It aims …
Written by: GHD.com Invited by the Australian Trade and Investment Commission (Austrade), GHD recently took part in high-profile dialogues between Pacific Island governments and Australian and US businesses at the 2019 Asian Development Bank (ADB) Annual Meeting, in Nadi, Fiji. This is the first time in 52 years that the ADB Annual Meeting was held …
Written by: Zoey Ye Zhang, Asia Briefing, Dezan Shira & Associates On May 9, the Beijing Municipal Human Resources and Social Security Bureau announced plans to raise the city’s minimum wage from July 1, 2019. The monthly minimum wage for full-time employees will be raised from RMB 2,120 (US$309) to RMB 2,200 (US$321). The hourly wage for part-time employees, …
Written by: Pinsent Masons, Out-Law.com The Monetary Authority of Singapore (MAS) has carried out a consultation into proposed payment services regulations that will enable it to carry out its functions under the new Payment Services Act. The consultation covers areas such as licensing structure and fees, licensing requirements, proposed exemptions from the regulations, and transitional …
Written by: Anthony Arrow, Pinsent Masons, Out-Law.com ANALYSIS: The Liberal-National coalition was returned to power over the weekend for a third term and now has an opportunity to implement policies designed to decarbonise the Australian economy Participants in Australia’s renewable energy industry have been craving a period of consistency and regulatory certainty at the …
Are you a successful exporter? Gain recognition at the 2018 Australian Export Awards The Australian Export Awards is a national program that honours Australian businesses for their export achievements and contribution to Australia’s economic prosperity. What are the benefits for my business? Boost your organisation’s reputation among local and international customers Gain national media exposure …