Indonesia ban on palm oil is affecting South Korean businesses. For more than 15 years, Mr Lee’s diner, a fried chicken shop near central Seoul, has held firm against raising prices, the export ban on Indonesia’s cooking oil is squeezing… Read More ›
Malaysia
Malaysia fully open international borders to travelers from April 1
In a statement Malaysian Prime Minister Ismail Sabri Yaakob said, Kuala Lumpur will reopen its borders from April 1 and allow entry of visitors without quarantine requirements for those who are fully vaccinated against COVID-19. Since March 2020, Malaysia has… Read More ›
AirAsia Group Bhd changes name of its listd holding company to Capital A Bhd
On Friday, in a statement Malaysia based AirAsia Group Bhd said, it has decided to change the name of its listed holding company to Capital A Bhd. The development comes in the wake of the company seeking market recognition of its… Read More ›
UK to host G7 and ASEAN ministers from Dec 10 to 12
In a statement on Monday, Britain said, it will host foreign and development ministers from the G7 and from the Association of Southeast Asian Nations (ASEAN) at a summit in Liverpool from December 10 to December 12. The summit will… Read More ›
Malaysia left interstate and international travel restrictions for fully vaccinated residents
In a statement Malaysia said, it has lifted interstate and international travel restrictions for fully vaccinated COVID-19 residents. Malaysia has inoculated 90% of its adult population. Malaysian Prime Minister Ismail Sabri Yaakob said, the government has agreed to allow fully… Read More ›
Chinese solar manufacturers shifting manufacturing base to Vietnam, Malaysia and Thailand to evade US tariffs
In a statement the U.S. Commerce Department said, it has asked a group of anonymous domestic solar manufacturers for additional information before it would consider a request to impose duties on panels produced in three Southeast Asian countries. The development… Read More ›
Crypto exchange Binance hires former U.S. Treasury criminal investigator Greg Monahan as its global money laundering reporting officer
In a statement Binance said, it had appointed former U.S. Treasury criminal investigator Greg Monahan as its global money laundering reporting officer, in an effort to reinvent itself as a regulated financial firm from being one of the world’s largest… Read More ›
Malaysian Government, 1MDB seeking more than $5.6 billion in damages from audit firm KPMG
According to court documents,, Malaysia’s 1Malaysia Development Berhad (1MDB) and the state government are seeking more than $5.6 billion in damages from KPMG partners for alleged negligence and breaches linked to a corruption scandal at the fund. The audit firm… Read More ›
Malaysia’s High Court restraints creditors from pursuing AirAsia X Bhd for another 9 months
In a stock exchange filing, AirAsia X Bhd said, the Malaysian high court has granted it a nine-month extension on a restraining order preventing creditors from filing any legal proceedings against it. Earlier this year in March, the Malaysian high… Read More ›
Deloitte PLT paid $80M to settle its role in 1MDB scandal
On Thursday, in a statement Malaysia’s Ministry of Finance said, it had received $80 million from audit firm Deloitte PLT, as part of a settlement deal related to 1Malaysia Development Berhad (1MDB) scandal. It went on to add, it is… Read More ›