Collective Action funding / Japan receiving gifts / Malaysia 1MDB fine

-

New DFID Fund to Support Collective Action Initiatives (Funding opportunity).  “This £250,000 fund will support business-focused Collective Action Initiatives (CAIs) which aim to reduce corruption or promote human rights to improve the investment climate in emerging markets and developing countries.”

Deadline for proposals: 18 October 2019

IMC Worldwide: http://www.imcworldwide.com/news/new-dfid-fund-to-support-collective-action-initiatives/

 

After criticism, Kansai Electric weighs rules on executive punishment amid gift scandal.  Kansai Electric Power Co. is considering introducing rules on punishments for executives following criticism of its leniency in the way six of them were reprimanded for receiving gifts from a former town official.

The Japan Times: https://www.japantimes.co.jp/news/2019/10/08/national/kansai-electric-rules-executive-punishment-gift-scandal-nuclear/#.XZ5Sc0ZKg2w

 

Malaysia Fines 80 People, Groups for Alleged 1MDB Payments.  Malaysia's anti-graft agency ordered 80 people and groups to pay fines totaling about $100 million for allegedly receiving funds from the 1MDB state investment fund.

US News: https://www.usnews.com/news/business/articles/2019-10-07/malaysia-fines-80-people-groups-for-alleged-1mdb-payments

Popular posts from this blog

The Pacific - Nepal - Eastern Europe & Central Asia

-
[Blog] How are perceptions of corruption in seven small Pacific countries? Larger Pacific Island neighbors are often garnering the lion's share of attention both from researchers and policy makers. How are the experiences of corruption in countries like Tuvalu, Tokelau, Niue, the Republic of the Marshall Islands (RMI), The Cook Islands, Palau, and Nauru? DevPolicy Blog: https://devpolicy.org/perceptions-of-corruption-in-seven-small-pacific-island-countries-20230223/   [Opinion] Two decades of new anti-corruption law in Nepal: Why it missed its mark. According to a Nepalese journalist, the Anti-Corruption law and Prevention of Corruption act of 2002 laid the foundation for numerous investigations, scandals, and court cases. To a large extent, they did however fail to enable significant conviction and return of assets. Online Khabar: https://english.onlinekhabar.com/anti-corruption-law-missing-target.html   [Blog] Growing security risks and authoritarian
Read more

Middle East & North Africa - Ukraine - Sri Lanka

-
Corruption fuels ongoing conflict. The Middle East and North Africa has been in a decline on the Corruption Perceptions Index (CPI) for years. The region is also ranked as the "least peaceful region" according to the Global Peace Index. Transparency International (TI) argues that corruption, conflict, and security are profoundly intertwined. TI: https://www.transparency.org/en/news/cpi-2022-middle-east-north-africa-corruption-fuels-ongoing-conflict   [Opinion] Ukraine's corruption purge is setting the stage for private investment-driven recovery. Corruption is regarded as a key threat to the Ukrainian economy, depriving public budgets and discouraging foreign direct investments (FDI). The current administration has taken strong anti-corruption action, and the country has witnessed a significant increase in FDI in recent years, says author. DevDiscourse: https://www.devdiscourse.com/article/business/2353089-ukraines-corruption-purge-setting-stage-
Read more

Global - Sub-Saharan Africa - Turkey & Syria

-
Invisible Trillions review: Global capitalism operates beyond the rule of law and threatens democracy. Raymond W. Baker's new book "Invisible Trillions" argues that "secrecy has become as important for corporations as transparent and taxable profits used to be". "Only radical improvements across the globe in financial transparency and accountability, and in regulatory capacity and integrity, can break this cycle of political decay and despair". The Conversation: https://theconversation.com/invisible-trillions-review-global-capitalism-operates-beyond-the-rule-of-law-and-threatens-democracy-199311   [Blog] The dynamics of violent extremism in sub-Saharan Africa. There is no better environment for the expansion of violent extremist groups than a vacuum in state authority. These groups begin to compete with the state and may even be initially attractive to communities weary of years of lawlessness, corruption, and chaos according to autho
Read more