Tuesday, 21 September 2021

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, No 17, Monday 06th September, 2021

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MAIN HEADLINES FROM THIS ISSUE:

  • Malaysia re-assesses industrial collaboration policy, remodels penalties

    Malaysia’s Technology Depository Agency (TDA), the body responsible for implementing the country’s Industrial Collaboration Programme (ICP), is changing the way it oversees projects. The changes come partly in response to Covid, and partly as a result of the country’s political turmoil.

  • India threatens obligors even as fulfilment increases

    India’s MoD has threatened to ban one U.S. company and put as many as 11 others on a watchlist for failing to fulfil their offset obligations. The country is considering for penalties all offset projects agreed more than three years ago. “OEMs might have deductions taken from their performance bank guarantees in other contracts”.

  • U.S. Congressmen call for end of drone technology transfers to Turkey

    A bipartisan group of U.S. congressmen has written to Secretary of State Antony Blinken to call for an immediate suspension of export permits to Turkey for U.S. drone technology. The 27 lawmakers claim that Turkey’s armed UAV programme has destabilised multiple regions of the globe and threatens U.S. interests, allies, and partners.

  • Indonesia says every purchase of defence equipment must bring local benefits

    Indonesian Defence Minister Prabowo Subianto has reiterated the country’s aspiration for a long-term strategic plan to raise local content levels in the defence sector. Every purchase of defence and security equipment from abroad must consider trade balances and involve local content, offsets, and technology transfer, he declared.

  • U.S. OIRA clears Trump’s proposed rules regarding domestic content

    The Office of Information and Regulatory Affairs (OIRA), an office within the Office of Management and Budget, has cleared a proposed Defence Federal Acquisition Regulation Supplement (DFARS) rule implementing Executive Order 13881. The Order, issued by the previous administration, raises the threshold for domestic content to 55 percent.

AND LOT'S MORE...

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