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12324 items
Australia Data Retention Act Needs Reviewing
Internet Australia has asked the federal government to review the Data Retention Act which comes into effect on Tuesday, saying there are security issues and costs that need to be addressed. Under provisions of the Act, telcos and ISPs will be mandated to retain a range of customer data for 24 months. ISPs who could not comply with the regime by October 13 were asked to submit an implementation plan to the Attorney General’s Department detailing how they intend to become compliant within 1 ...
Sri Lanka Assistance of Private Sector Is Vital for Strengthening National Unity – President
President Maithripala Sirisena has stated that the assistance of the private sector is also expected in the new government’s national unity process which is being implemented to build trust and brotherhood among all communities in the country. “The government alone cannot build the mutual understanding and trust among the people, which has deteriorated due to the three-decade long war,” the President said, adding that the support of everyone as well as the private sector needed in this regard. H ...
Malaysia 750 Public Sector Websites To Be Shut Down
KUALA LUMPUR: At least half of the public sector’s 1,500 websites will be shut down by the end of the year. Websites that had not been maintained for more than six months must be shut down.
China China to Implement Plan for Transparent Global Tax Regime Next Year -- Finance Minister
Taking up the G20 presidency in 2016, China will advance the implementation of the newly approved Base Erosion and Profit Shifting (BEPS) Action plan, said Chinese Finance Minister Lou Jiwei during the on-going World Bank Group and International Monetary Fund Annual Meetings in Lima on Friday. The detailed final version of BEPS plan, designed to stop multinational companies from avoiding tax by shifting profits to destinations with lower corporate tax requirements, was endorsed by finance min ...
China China Sees 10,000 New Firms Every Day: Official
China sees more than 10,000 firms born every day amid government support for entrepreneurship, a vice minister said on Saturday. Most of the firms are small enterprises. Data was collected last March through the end of August this year and about 6 million firms were registered during the period, said Xin Guobin, vice minister of Industry and Information Technology.
China China Annuls More Administrative Fees
Chinese authorities announced on Saturday that another 37 administrative charges will be canceled or halted across the country, starting from next month. The charges include qualification-test fees for business legal advisers and real estate agents, according to a notice released by the Ministry of Finance and the National Development and Reform Commission. In China, administrative approvals to evaluate, authenticate or review reports usually involve drawn-out and redundant procedures.
Azerbaijan Real Rate on Foreign Currency Deposits Exceeds 42%
Devaluation of the national currency triggered a giant surge of real rates on foreign currency deposits in Azerbaijan. According to the CBA, by the end of August 2015 the average deposit rate of the Azerbaijani banks made up 7.98% against 8.86% by the end of 2014 and the real deposit rate (minus annual inflation of 3.8%) reached 4.18% versus 7.46%, abc.az reports. The average deposit rate in foreign currency was equal to 8.33% by the end of Jan-Aug 2015 against 9.24% by the end of 2014. Th ...
Azerbaijan Financial Sector Should Be Active Participant in Growth
The financial sector should play a more active role in Azerbaijan’s economic development, according to Rashad Orujov, executive director of the Central Bank of Azerbaijan. He made this remark during the 4th Investors’ Fair "On the Pathway to Responsible Microfinance” held in Baku on October 9. The event was organized by the Azerbaijan Microfinance Association and was attended by representatives from government and microfinance institutions, donor organizations, rating agencies, banks, insu ...
India Punjab’s Village Turns IT Enabled
Dhudike has reportedly become the first village in Punjab to come under Prime Minister Narendra Modi’s ‘Digital India’ programme.
India Punjab’s Village Turns IT Enabled
Dhudike has reportedly become the first village in Punjab to come under Prime Minister Narendra Modi’s ‘Digital India’ programme.
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