LTTE financiers to stand trial before Swiss Court: Funds transited via Singapore

Thirteen financiers, mainly from Switzerland, Germany and Sri Lanka, accused of funnelling more than $15.3 million to the separatist group the Liberation Tigers of Tamil Elam (LTTE) will stand trial before a Swiss Federal Criminal Court on Monday. The Swiss funds were transported in cash by couriers to Singapore

Najib's golfing style creates buzz on internet: Poetry in Motion

https://www.facebook.com/husseinhamid47/videos/10215239015912798/ In an undated, and author unknown video, the Malaysian Prime Minister Najib Razak is seen swinging a golf club in a rare style known as “the classic follow through”. However, the video seems to have been uploaded on Youtube in November last year.

Dahmakan, which delivers its own cooked food, raises US$2.6m

Dahmakan, a Malaysian based food delivery startup has raised US#2.6 million as it begins to explore expansion across Southeast Asia, said Tech Crunh. The startup distinguishes itself from the likes of FoodPanda and Deliveroo with an “end-to-end” approach to food, that’s to say that it cooks all

The world in awe at the 're-invention' of Mahathir

Mahathir re-invented: this is the main view of most of the media across the world and they are apparently impressed how the 92 year old is putting up a monster fight against both the 60 year rule of the Umno and the tainted regime of Prime Minister Najib Razak. Former

Malaysia Airlines to get rid of A380's by end of year

Malaysia Airlines plans not to have any A380s in its fleet by the end of 2018, transferring them to a new charter airline. The new management, which reversed the decision of the previous management under former CEO Peter Bellew to stop operating the A380’s on scheduled services once the

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London throws spanner in US-TPP strategy but weakness appears in UK's foreign trade vision

The United Kingdom threw a spanner at US President Donald Trump with its plans to start talks on joining the feeble Trans-Pacific Partnership (TPP), a global trade and investment deal that the US rejected last year. With reports that Britain maybe in talks to join TPP, it shows that the

Here is the fabulous vessel out there to find MH370: But are they on the wrong path?

ShipSpotting.com The Seabed Constructor Photo by © Alf Kåre Aasebø The hope of the entire world is for the Seabed Constructor to find the missing aircraft and to put to bed the biggest airplane mystery in the history of mankind. And for this purpose, the Bergen-headquartered Swire Seabed’s subsea

Will Ocean Infinity search for MH370 beyond waters off Australia, nearer to Mauritius?

A US exploration firm said Wednesday it has sent a high-tech vessel in hopes of soon resuming the hunt for flight MH370, whose disappearance is one of aviation’s greatest mysteries, reported the AFP. But will the search area include the findings by the Australian Transport Safety Bureau and the

Report: Mahathir's 'recalcitrant' not cause of Aussie-Malaysia naval deal failure in 1997

As history unravels, and documents are extracted from archives, there is more evidence today that ex-Australian PM Paul Keating of Labor government ‘recalcitrant’ attack on former Malaysian PM Mahathir Mohamad’s did not cause the failure of a proposed Malaysia-Australia defence deal in the 1990’s. The government said Defence

Vietjet receives A321neo powered by Pratt & Whitney GTF engines

Vietjet is the first airline in Southeast Asia to take delivery of an A321neo (new engine option) with the Airbus aircraft landing at the Tan Son Nhat International Airport from Hamburg, Germany. The A321neo aircraft, registered as VN-646, is powered by Pratt & Whitney’s latest-generation of GTF engines. The

Petron $3.5b expansion in Malaysia to boost capacity by 90,000b/d

Petron Corporation, the Philippines based company engaged in refinery and distribution of fuel in Malaysia, expects its refinery expansion in the country to cost a whopping US$3.5 billion, adding 90,000 barrels a day to its capacity. Petron Malaysia Refining & Marketing Bhd operates Petron Port Dickson refinery,

NASA photos shows Aircraft shape in waters near Round Island, Mauritius: is it MH370?

A photograph said to be from the American space agency NASA shows a silhouette that resembles an aircraft, and people on Twitter who contacted WFTV said it could be that of the lost aircraft MH370. In the Twitter message, Peter McMahon (peter mcmahon‏ @revnu5) said: “This is a mystery in

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Hundreds of Malaysians linked to IS: Bad news for 2018

A report published by Channel News Asia indicates the extent of the penetration of the so-called IS-Daesh ideology in Malaysia. Below is a count: IS Plots foiled in Malaysia: Five terror plots foiled in 2017 alone From 2012 to 2017: Total number of terror plots disrupted by the police is

2017 A year defined by Bubbles Brawls Brexit and Brent

This has certainly been another eventful trading year for financial markets, as investors juggled with numerous themes throughout 2017. Market players marched into the trading year adopting a risk-on attitude, amid growing optimism over Donald Trump pushing ahead with a large fiscal spending package. The “trump effect” not only elevated

Durian to be the next growth factor for Malaysia

The Malaysian durian, as smelly as all the durians in the world, is the next growth factor for the Malaysian economy and Channel News Asia has done its part to promote that bit. Durian SS2, one of the country’s largest traders, is setting their eyes at dominating Singapore before

What would Mahathir do to the Sultans: Hong Kong newspaper has an idea!

The South China Morning Post (SCMP) hinted that it had a concrete idea of what opposition leader Tun Mahathir Mohamad will do to the Sultans – the Monarchs of Malaysia – with after the elections in 2018. The Hong Kong based newspaper said while there is a fierce battle between Mahathir and

No to MH370 memorial say families of Aussie victims

Several family members of the victims of the fatal MH370 flight that disappeared in 2014 said they are against the building of a memorial in remembrance of the missing persons, said ABC Australia. The memorial is billed as a setting for “quiet reflection and contemplation” of an unsolved aviation disaster.

Updated: Zairil dismisses Obama's regime change plot in Malaysia through Bersih

Zairil Khir Johari, DAP Penang MP dismissed the fuss about Bersih being part of the Barack Obama Asia-Pacific pivot plot to bring regime change in Malaysia as “just conspiracy theory.” “It is all just conspiracy theory stuff to me,” he said in a reply to WFTV on the accusation by

Malaysian banks cutting exposure to O&G: The struggle for survival

Malaysian banks are cutting exposure to oil and gas (O&G)-based loans. While the banks save themselves, O&G companies are struggling harder to stay afloat, wrote Asean Today. In the article by Joelyn Chan, the portal claims the banking sector in Malaysia is staying away from

Malaysia's ‘Durian Diplomacy’ needs comprehensive strategy, not slogan says think tank

With the first ever Malaysian durian festival successfully held in Nanning, some local news started to harp on the term ‘durian diplomacy’ in their reports about the king of fruits’ larger than life reception in China. It is true that the Chinese market has a special penchant for our Musang

FICO: Here comes Artificial Intelligence to combat financial crime

As money laundering schemes are getting more and more sophisticated, the detection and mitigation strategy has to get smarter and faster. Looking ahead to 2018, I predict a rising trend for organizations to do four things better than today in the realm of financial crime. 1. Take a More Holistic

food security

Malaysia behind Singapore in global food security index

Malaysia is placed behind Singapore in the Global Food Security Index (GFSI), with Singapore named the most food secure nation in Asean, the latest report said. Singapore has a global rank of No. 4 followed by Malaysia at No. 41 in the September 2017 baseline – out of 113 countries in

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Direct presence for Apple and Amazon in S. Arabia?

Seekingalpha.com says Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) are in licensing discussions with Riyadh on investing in Saudi Arabia. It says Saudi Arabia’s Crown Prince Mohammed bin Salman looking to give the kingdom a high-tech makeover. A direct presence of these companies will raise the country’s

Rolling stock and signalling systems for Mauritius light rail ordered

CAF, which designs, manufactures, maintains and supplies equipment and components for railway systems worldwide confirmed on December 26 that it has received a turnkey contract worth more than €100m to supply rolling stock and signalling systems for Mauritius Metro Express. The light rail us a 26km light rail line linking

China Railway Corp consortium to bid for HSR project

A Chinese consortium led by China Railway Corp will bid for the high-speed railroad (HSR) linking Malaysia and Singapore in 2018, marking another step in China’s ambitious strategy to export its high-speed railway technologies to Southeast Asia, said Ecns.cn today. The media office of the Beijing-headquartered China Railway