Showing posts with label SOUTHEAST ASIA. Show all posts
Showing posts with label SOUTHEAST ASIA. Show all posts

Thursday, 8 March 2018

Philippines' top judge vows fight as Duterte, allies seek her ouster

Chief Justice of Philippine Maria Lourdes Sereno

The Philippine Supreme Court chief justice vowed to fight "bullying" and save judicial independence as President Rodrigo Duterte's congressional allies launched an impeachment process Thursday to remove her from office. Voting 38-2, the House of Representatives justice committee said there was "probable cause" to impeach Maria Lourdes Sereno, in a move critics allege is part of wider efforts by Duterte to destroy foes and usher in one-man rule.
A US-style impeachment trial in the Senate will follow if the House adopts the committee report, focusing on allegations Sereno failed to pay about two million pesos ($40,000) in taxes.
"All kinds of lies, threats, harassment and bullying have been thrown my way but I will not yield," Sereno, the country's first female chief justice, said at an International Women's Day event in Manila.

"I am fighting for our future as a freedom-loving nation," the 52-year-old said, framing the case against her as an issue of "judicial independence".

Thursday, 11 January 2018

Hyundai Motor Company invests in Singapore's ride-hailing firm Grab

hyundai

Hyundai Motor Co said on Thursday it had invested in Singapore-based ride-hailing firm Grab, in the South Korean automaker's first foray into the rapidly growing sector as it tries to diversify following a sales slump in China.

Grab has expanded to eight Southeast Asian countries and has said it is the biggest operator in the region's third-party taxi hailing and private-vehicle hailing sector.

The companies will jointly develop services in Southeast Asia, including one utilising Hyundai's eco-friendly models such as the IONIQ Electric, the two firms said in a statement.

They did not disclose the value of Hyundai's investment and a spokeswoman for the automaker declined to comment further.

Grab's latest fundraising round, which Hyundai has joined, already includes investors such as China's Didi Chuxing, Japan's SoftBank and Toyota Tsusho, the firms added.

Hyundai said on Wednesday it is considering building a car plant in Southeast Asia, possibly in Indonesia or Vietnam.

The company's interest in the region has grown since a diplomatic row between Beijing and Seoul last year hurt South Korean firms that are highly reliant on the Chinese market.

The automaker also announced for the first time a self-driving technology partnership with Silicon Valley start-up Aurora earlier this month, a shift from its usual preference for developing technology itself.
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