The United Nations Security Council votes on a new sanctions resolution that would increase economic pressure on North Korea to return to negotiations on its missile program, Saturday, Aug. 5, 2017 at U.N. headquarters. (AP Photo/Mary Altaffer)
  • United Nations Divided Over New Sanctions Against Pyongyang
  • Central Bank To Finalise Standards For e-KYC By Next Month
  • Malaysian Debt Ventures Bhd. to Finance Over 300 Companies With RM1 bln Fund
  • MIMS & CUHK School of Pharmacy Partner to Provide Patient Medicine Information on AMPOULE
  • Singapore to Introduce New Work Pass Card and Mobile App
  • Japan-Singapore company collaboration to offer a fully-online Japanese manga and anime drawing course

UN Security Council Divided Over New Sanctions Against North Korea

Members of the United Nations Security Council remained divided over possible new sanctions against North Korea over its latest nuclear test. In an emergency meeting of the Security Council Monday, the United States, France and Britain as well as Japan were in favour of new sanctions, while countries like Russia advised diplomacy. United States Ambassador to the United Nations, Nikki Haley, called for “strongest possible measures” by the council against North Korea. “The time has come to exhaust all diplomatic means to end this crisis, that means quickly enacting the strongest possible measures here in the UN Security Council,” Haley told the council meeting that she had requested together with representatives of Britain, France, Japan and South Korea. “Only the strongest sanctions will enable us to resolve the problem through diplomacy,” said Haley. “We have taken an incremental approach, and despite the best intentions, it has not worked.”

Russian envoy Vassily Nebenzia cautioned that past failure of the council to curb North Korea’s nuclear and missile programs was owing to the fact that the resolutions “were only geared toward leveraging sanctions mechanisms.” “Russia calls on the international community not to yield to emotions, (but) to act in calm and balanced ways,” he told the same meeting, adding that a comprehensive settlement can be achieved only through political and diplomatic channels.

French ambassador to the United Nations Francois Delattre called for the adoption of new sanctions by the Security Council, plus autonomous sanctions by the European Union…..

BNM To Finalise Standards For e-KYC By October

Bank Negara Malaysia (BNM) is expected to finalise standards for the electronic Know-Your-Customer (e-KYC) by October this year, after receiving comments from industry players. Assistant Governor, Jessica Chew Cheng Lian said following this, the existing requirements for face-to-face verifications for onboarding new customers would be removed for companies that received approval to conduct e-KYC. “In this regard, I am pleased to announce that BNM will shortly be issuing proposed regulatory parameters for the conduct of e-KYC processes for remittance transactions,” she added. She said regulatory changes to facilitate innovation remained extremely important to the central bank and it continued to provide an environment that encourages innovation in the financial industry, including in the money services business (MSB) sector.

MDV To Finance More Than 300 Companies with RM1 bln Fund

Malaysia Debt Ventures Bhd (MDV) aims to finance the operations of more than 300 companies over the next 20 years via potential disbursements amounting to RM4 billion raised through its newly-launched third fund of RM1 billion. Managing Director/Chief Executive Officer Datuk Md Zubir Ansori Yahaya said the fund, to be raised via Islamic Medium-Term Notes (iMTN), was expected to finance between 400-500 projects, mostly in the 4.0 Industry. “This time around, we will focus (disbursements) on new technologies, namely the artificial intelligence, virtual reality, augmented reality and the 4D printing, among others. “We are also trying to fund the earlier stage companies with good ideas and business plans,” he told reporters after the launching of the fund by Second Finance Minister Datuk Seri Johari Abdul Ghani here today. For the third fund, Datuk Zubir said MDV had already identified 15 companies, with about RM100 million worth of projects in hand, ranging from 3D printing, robotics, e-commerce and others, that would receive disbursements over the next six months.

Singapore to Introduce New Work Pass Card and Mobile App for Easier Checking of Work Pass Status

Singapore’s Ministry of Manpower (MOM) will be introducing a new Work Pass (WP) card with a QR code and a free mobile application called the SGWorkPass. This new app will enable employers, pass holders and any other stakeholders to check the status of work passes with their smartphones. MOM will issue the new WP card in phases, starting with work permit holders in the Marine Shipyard and Construction sector from 15 September 2017 and to other work pass holders in the coming months. With the SGWorkPass, stakeholders now have a more reliable and convenient way to check the most updated status as well as to verify variable information such as date of expiry and occupation. This is done simply by scanning the QR code printed on new card with the SGWorkPass mobile app.


MIMS & CUHK School of Pharmacy Partner to Provide Patient Medicine Information on AMPOULE

MIMS, the leading provider of drug information and healthcare solutions in Asia Pacific, has collaborated with CUHK School of Pharmacy in Hong Kong to provide patient medicine information on the Ask My Pharmacist Online University Led Drug Enquiry platform, AMPOULE. AMPOULE is an interactive online drug information and enquiry platform. A pioneer innovation in Hong Kong, AMPOULE users can access bilingual drug information and practical healthcare advice in a secured and confidential manner 24/7. With this collaboration, MIMS will provide patient friendly medicine information, PIL in English while CUHK School of Pharmacy contributes the Chinese translation of PIL.


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