Global Energy Transition Index 2019

The Global Energy Transition index 2019 report has been released by the World Economic Forum (WEF). The index compares the energy sectors of 115 countries and analyses their readiness for energy transition. The index benchmarks the countries energy systems based on an “energy triangle”, comprised of energy security and access, economic development and growth, environmental ..

Month: Current Affairs - March, 2019

Category: Economy & Banking Current Affairs

Topics: Asia • Bangladesh • Brazil • BRICS • China • Germany • Global Energy Transition Index • Global Energy Transition Index 2019 • Japan • Malaysia • Nepal • Norway • Singapore • Sri lanka • Sweden • Switzerland • UK • United Kingdom • US • WEF • World Economic Forum

Counterfeit, Pirated Goods and Global Trade

The assessment  by EU Intellectual Property Office (EUIPO) and the Organisation for Economic Co-operation and Development (OECD) carried out based on data from almost half a million customs seizures by international enforcement agencies highlights the following: Global sales of counterfeit and pirated goods have increased to USD 522 billion a year, amounting to a whopping 3.3 per ..

Month: Current Affairs - March, 2019

Category: Economy & Banking Current Affairs

Topics: Brazil • China • Counterfeit Goods • EU Intellectual Property Office • EUIPO • European Union • Hong Kong • India • Japan • Malaysia • OECD • Organisation for Economic Co-operation and Development • Pirated Goods • Singapore • South Korea • Thailand • Turkey • United Arab Emirates • United States

Malaysia becomes 124th member of International Criminal Court (ICC) after ratifying Rome Statute

Malaysia has become the 124th member of the International Criminal Court (ICC) after ratifying the Rome Statute. It joined the ICC because of the following reasons: Firstly, the downing of Malaysian Airlines flight MH17 in Ukraine and the Rohingya crisis. Secondly, the May 2018 election of Mahathir Mohamad for his 2nd stint as Prime Minister ..

Topics: Association of Southeast Asian Nations • Countries • International Criminal Court • Law by country • Mahathir Mohamad • Malaysia • Malaysia Airlines Flight 17 • Politics by country • States parties to the Rome Statute of the International Criminal Court • United Nations General Assembly observers

Malaysia joins the International Criminal Court

Malaysia has ratified the Rome Statute making it the 124th State party to the International Criminal Court (ICC). Even though Malaysia had helped to negotiate the Rome Statute, it has been long been reluctant to ratify it. Ratification after 20 years is seen as a welcome move. Why Malaysia has acceded to the Rome Statute after 20 ..

Month: Current Affairs - March, 2019

Topics: crime of aggression. • Crimes against humanity • flight MH17 • genocide • Human right crimes • ICC • International Criminal Court • Malaysia • Malaysian Monarchy • Rohingya Crisis • Rome Statute • War crimes

China hikes defence budget by 7.5%

China has increased its defence budget by 7.5 per to $177.61 billion up from last year’s $165 billion. The 2019 Defence Budget of China stood at 1.19 trillion yuan (about $177.61 billion) which is three times the Indian Defence Budget. China’s Defence Budget China’s Defence Budget growth rate stood at 7.6 per cent in 2016, ..

Month: Current Affairs - March, 2019

Topics: Brunei • China • Defence Budget • East China Sea • India • India China • Japan • Malaysia • Philippines • South China Sea • Taipei • Taiwan • Vietnam