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Gulf Insider
29-06-2025
- Business
- Gulf Insider
Bahrain: Heirs Of Late Labour Supplier Win BD21,243 In Court After Company Refuses To Pay
The heirs of a labour supplier who died before collecting payment for services have secured a BD21,243 court ruling, after a company refused to pay and argued the contract had no legal standing. The case dates back to an agreement made while the supplier was alive, under which he provided workers for mechanical and civil works. The company accepted the terms, which included payment within 15 days of invoicing, based on attendance records signed by both parties. The workers were supplied as agreed, but after the supplier's death, the company stopped payment. The heirs filed a lawsuit, represented by lawyer Mohammed Al Mahdi, who presented signed timesheets and other documentation proving the workers had reported to the job site. A court-appointed accounting expert reviewed the records and confirmed the company owed BD21,258. The court ruled in favour of the heirs, ordering the company to pay BD21,243 — to be distributed among the heirs according to their legal shares. It also directed the company to cover legal expenses and lawyer's fees. The company appealed, claiming the agreement was invalid because the supplier did not hold a Labour Market Regulatory Authority (LMRA) licence, as required for labour recruitment. It also alleged the contract was forged. However, the Appeals Court dismissed both claims. It ruled that a clear business relationship existed between the two parties and that the dispute was over non-payment, not the validity of the arrangement. As for the forgery claim, the court noted the company had failed to provide its own timecards, despite the expert basing calculations on them. The court rejected the appeal and upheld the original ruling, again ordering the company to pay the amount due.
Daily Tribune
28-06-2025
- Business
- Daily Tribune
Heirs of late labour supplier win BD21,243 in court after company refuses to pay
The heirs of a labour supplier who died before collecting payment for services have secured a BD21,243 court ruling, after a company refused to pay and argued the contract had no legal standing. The case dates back to an agreement made while the supplier was alive, under which he provided workers for mechanical and civil works. The company accepted the terms, which included payment within 15 days of invoicing, based on attendance records signed by both parties. The workers were supplied as agreed, but after the supplier's death, the company stopped payment. The heirs filed a lawsuit, represented by lawyer Mohammed Al Mahdi, who presented signed timesheets and other documentation proving the workers had reported to the job site. A court-appointed accounting expert reviewed the records and confirmed the company owed BD21,258. The court ruled in favour of the heirs, ordering the company to pay BD21,243 — to be distributed among the heirs according to their legal shares. It also directed the company to cover legal expenses and lawyer's fees. The company appealed, claiming the agreement was invalid because the supplier did not hold a Labour Market Regulatory Authority (LMRA) licence, as required for labour recruitment. It also alleged the contract was forged. However, the Appeals Court dismissed both claims. It ruled that a clear business relationship existed between the two parties and that the dispute was over non-payment, not the validity of the arrangement. As for the forgery claim, the court noted the company had failed to provide its own timecards, despite the expert basing calculations on them. The court rejected the appeal and upheld the original ruling, again ordering the company to pay the amount due.
Express Tribune
25-06-2025
- Business
- Express Tribune
Gold prices tumble on Israel-Iran ceasefire
Listen to article Gold prices in Pakistan registered a sharp decline on Tuesday, mirroring the downtrend in the international market where bullion slipped nearly 2% to hit a more than two-week low as geopolitical tensions cooled. The global drop came as investor demand for safe-haven assets eased following Trump's announcement of a ceasefire between Iran and Israel. In the domestic market, the price of 24-karat gold fell by Rs3,800 per tola to settle at Rs354,365, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). Similarly, the price of 10-gram gold dropped by Rs3,258 to reach Rs303,810. On the previous day, gold had posted a modest decline of Rs300 per tola, closing at Rs358,165. "There had been talk of a correction for several days and with tensions easing, the metal is now gradually retreating," said Adnan Agar, Director at Interactive Commodities, noting that gold was trading lower after geopolitical tensions subsided. Gold touched a high of $3,357 an ounce and a low of $3,303 on Tuesday and is still hovering near its lower range. The key support zone lies between $3,300 and $3,290. "A breach below this level could push the market down towards $3,200," he said. Agar indicated that if the geopolitical situation remains stable, gold prices may continue their downward correction, potentially sliding to $3,000 or even $2,800. Meanwhile, the Pakistani rupee registered a slight gain against the US dollar in the inter-bank market on Tuesday, appreciating by 0.04%. By the close of trading, the local currency settled at 283.77 against the greenback, marking an improvement of 10 paisa from the previous session's close at 283.87. In the global market, the US dollar weakened while the Australian and New Zealand dollars strengthened after US President Donald Trump announced a ceasefire deal between Israel and Iran. The development boosted investor sentiment and triggered a risk rally across international markets. Moreover, Pakistan's broad money (M2) grew by 0.9% on a week-on-week (WoW) basis to Rs38.4 trillion as of June 13, 2025, according to data released by the State Bank of Pakistan (SBP). The increase was mainly driven by a 1% WoW rise in total deposits with banks, which climbed to Rs27.5 trillion. Meanwhile, currency in circulation (CIC) edged higher by 0.7% WoW, standing at Rs10.9 trillion. On a month-on-month (MoM) basis, the broad money expanded by 3.2% while year-on-year (YoY) growth stood at 11.6%. So far in 2025, M2 has posted an increase of 7.9%. Currency in circulation surged 5.3% MoM and 17.4% YoY, reflecting higher cash demand after Eid holidays. Total deposits grew 2.3% MoM and 9.6% YoY during the period. Other deposits with the SBP, however, declined 3.2% WoW and 13% MoM, marking a sharp 30.6% fall on a yearly basis.
New Straits Times
28-05-2025
- New Straits Times
Perlis Customs seizes untaxed ciggies, liquor, arrests senior citizen
PADANG BESAR: Perlis Customs seized untaxed cigarettes and liquor worth over RM34,000, with unpaid duties exceeding RM70,000, in two separate raids in Taiping, Perak and Sungai Petani, Kedah over the weekend. The contraband was found stored in residential homes repurposed as makeshift warehouses. During one of the operations, a 60-year-old man believed to be the mastermind behind the illegal activity was arrested. Officers also seized three vehicles allegedly used to transport the untaxed goods. State Customs director Ismail Hashim said the first raid was conducted at 2.15am on May 17 following a tip-off about suspicious activities at the suspect's residence. "We found three cars parked outside the house. Upon inspection, 24,210 sticks of undeclared cigarettes and 113.25 litres of liquor were found in the boot of the vehicles," he said. The suspect, a trader, allegedly confessed to running the smuggling operation from his home for the past year. Authorities believe the goods were sourced from the Klang Valley. "The seized cigarettes include cigarettes from Indonesia and Germany. They were believed to be intended for distribution around Taiping," he said. In the second raid at about 1.30pm the same day, officers stormed a vacant house in Bukit Banyan, Sungai Petani and found 73,040 sticks of cigarettes worth RM50,563.80 hidden in a living room. "Although the two cases are not directly linked, we believe the modus operandi is similar, using cars or vacant premises as storage sites before distributing the items around Taiping and Sungai Petani," Ismail said. He added that the cigarettes and liquor found in the vehicles during the first raid appeared to have been recently acquired from suppliers. In total, 97,250 sticks of cigarettes worth RM33,258 were seized, involving unpaid duties estimated at RM67,510.80. The 113.25 litres of liquor were valued at RM1,489.52, with duties totalling RM2,734.41. "All three vehicles, believed to belong to the suspect, were also seized. Each is estimated to be worth around RM10,000," Ismail said. Cigarettes and liquor are restricted items and subject to import permits issued by the Customs Director-General under Items 1 and 3, Schedule III, Part II of the Customs (Prohibition of Imports) Order 2023. The case is being investigated under Section 135(1)(d) of the Customs Act 1967. If convicted, the offender may be fined not less than 10 times the value of the goods or RM100,000, whichever is higher, and not more than 20 times the value or RM500,000, or face imprisonment of between six months and five years, or both.
Time of India
10-05-2025
- Entertainment
- Time of India
BTS holds the crown in May's boy group rankings — even while on a break!
The Korean Business Research Institute revealed its monthly brand reputation rankings for male idol groups for May. A multitude of data collected between April 10 and May 10 to track shifts in public sentiment and popularity form the basis of this research. Remarkably, BTS has maintained a firm grip on the charts even after taking a hiatus since 2022. Numerous important indicators, such as customer participation, media coverage, interaction, and community indexes, were thoroughly examined in order to determine the rankings. The Top 5 and the subsequent groups are examined in more detail below. BTS The 7-member boy group topped the list once again with a brand reputation index of 7,811,108, marking a 2.54% increase from April. Their positivity-negativity analysis revealed a remarkable 92.02% positive response rate. The members — Jin, Suga, J-Hope, RM, Jimin, V, and Jung Kook — will make a comeback as a group in June 2025 after being on hiatus due to mandatory military service. SEVENTEEN The 13 members of SEVENTEEN — Jeonghan, Joshua, Jun, Hoshi, Wonwoo, Woozi, DK, Mingyu, The8, Seungkwan, Vernon, and Dino — maintained their strong hold on second place with a brand reputation index of 5,729,258, reflecting their continued popularity. The group is set to make their highly anticipated comeback with the HAPPY BURSTDAY album on May 26, 2025, celebrating their 10th anniversary. BIGBANG The three members of BIGBANG — G-Dragon, Taeyang, and Daesung — climbed to third place this month with a score of 3,381,072, marking a strong return to the top ranks. This month, they also earned an official platinum certification for their iconic hit FANTASTIC BABY after it surpassed 100 million streams in Japan. TWS The 6 members— Shinyu, Dohoon, Youngjae, Hanjin, Jihoon, and Kyungmin — helped TWS rise to fourth place with an 85.77% increase in their brand reputation index, reaching 3,135,194. They will launch their first local tour and debut in Japan this July with the 24/7:With:Us in Japan tour, set to run for about a month. THE BOYZ THE BOYZ, composed of members Sangyeon, Jacob, Younghoon, Hyunjae, Juyeon, Kevin, New, Q, Ju Haknyeon, Sunwoo, and Eric, secured fifth place with a brand reputation index of 2,819,185, maintaining a solid presence among the top boy groups. However, this marks a 7.53% decrease compared to April's index of 3,048,818. Check out the Top 30 6. EXO 7. SHINee 8. Super Junior 9. ENHYPEN 10. NCT 11. Stray Kids 12. BTOB 13. ZEROBASEONE 14. ATEEZ 15. ASTRO 16. INFINITE 17. HIGHLIGHT 18. BOYNEXTDOOR 19. MONSTA X 20. Wanna One 21. 2PM 22. TVXQ 23. RIIZE 24. TREASURE 25. B1A4 26. TXT 27. ONF 28. FTISLAND 29. VIXX 30. PENTAGON
