Author: Biz India

Book Review: ASEAN Law in the New Regional Economic Order

Editors: Pasha L. Hsieh and Bryan Mercurio Publisher:  Cambridge University Press – 426 pages Book Review by: Sonu Chandiram The Association of Southeast Asian Nations (ASEAN) is a regional grouping of 10 countries with a combined gross domestic product (GDP) of US $3.11 trillion in 2019, amounting to about 3.5 percent of the total world GDP of just over $88 billion. These numbers are based on a nominal basis, with the measure of comparison being the United States dollar. But the GDP on a purchasing power parity or PPP basis would be different, with the local currency being the...

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Remdesivir Demonstrates Positive Results In Phase 3 Trial for COVID-19

By Kristen Coppock Managing Editor – Pharmacy Times April 29, 2020 – The investigational drug remdesivir demonstrated that a 10-day treatment course achieved similar improvement in the clinical status of patients as a 5-day treatment course (Odds Ratio: 0.75 [95% CI 0.51 – 1.12] on Day 14). Announced today by Gilead Sciences, these top line results were culled from an open-label phase 3 SIMPLE trial evaluating 5-day and 10-day dosing durations of the antiviral drug in hospitalized patients with severe manifestations of the COVID-19 coronavirus disease. No new safety signals were identified with remdesivir across either treatment group, according...

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U.S. Economy Sees Sharp Downturn Amid COVID-19 Crisis

By Felix Richter – Statista Apr 29, 2020 – After 23 quarters of uninterrupted growth, the U.S. economy contracted for the first time since 2014 in the first three months of this year. According to preliminary data released by the U.S. Bureau of Economic Analysis today, real gross domestic product or GDP declined by 4.8 percent in the first quarter of this year compared to the previous quarter, marking the worst contraction since the fourth quarter of 2008. Coming in the middle of the COVID-19 crisis that has hit the U.S. economy with full force in late March, today’s negative reading...

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Book Review: A Case for Shareholders’ Fiduciary Duties in Common Law Asia

Author: Ernest Lim Publisher:  Cambridge University Press – 628 pages Book Review by: Sonu Chandiram To understand why this book was written, it is best to quote the author himself: “This book challenges us to rethink the meaning and implementation of the long-term success of the company and shows how corporate governance should and could be made.” Professor Ernest Lim goes further to underscore the importance of the general meeting by asserting at the outset of his book: “This book re-conceptualizes the importance of the general meeting and the shareholders in the listed companies in four leading common law...

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Book Review: Democracy at Work – Pathways to Well-Being in Brazil

Authors: Brian Wampler, Natasha Borges Sugiyama, and Michael Touchton Publisher:  Cambridge University Press – 353 pages Book Review by: Sonu Chandiram Brazil has the world’s sixth largest number of people with 212 million, representing about 2.7 percent of the current global population of nearly 7.8 billion, after China, India, the United states, Indonesia, and Pakistan. This democratic nation ranks a very high No.9 worldwide in nominal gross domestic product (GDP) producing nearly $1.85 trillion worth of goods and services in 2019. To provide you some perspective, its economic output was just below that of No.8-ranked Italy with $1.99 trillion,...

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