Kuala Lumpur’s relations with New Delhi took a downward turn following Malaysian Prime Minister Mahathir Mohamad alluding to an Indian state as a separate country in the United Nations. According to a report from news wire Bernama, Malaysia’s Prime Minister… Read More ›
Malaysia
Riza Aziz, producer of “The Wolf of Wall Street” charged with 1MDB money laundering charges
Malaysia has charged, Riza Aziz, stepson of former prime minister Najib Razak, with 5 counts of money laundering. On Friday, Malaysia charged Riza Aziz, the co-founder of Hollywood production studio Red Granite Pictures that produced the Oscar-nominated film “The Wolf… Read More ›
U.S. to sell weapon systems worth $2 billion to Taiwan
In a meeting U.S. Defense Secretary Patrick Shanahan made it clear that Washington will no longer “tiptoe” around China’s aggressive behavior in Asia. According to four sources familiar with the negotiations between the United States and Taiwan, Washington is pursuing… Read More ›
$16 billion farm aid to help American farmers: U.S. agriculture secretary Sonny Perdue
The U.S. is making efforts to ease the pains of U.S. farmers, a key constituent who voted for Trump in 2016, including expanding export efforts to other markets other than China, including India, Thailand, Malaysia, the Philippines among other countries…. Read More ›
Majority of Southeast Asian economies wary of China’s Belt and Road Initiative
Here is a summary of the results of a survey conducted by the ISEAS-Yusof Ishak Institute which is affiliated with Singapore’s government. As per the results of a policy survey by the ISEAS-Yusof Ishak Institute which is affiliated with Singapore’s… Read More ›
Mitsubishi Corp joins Royal Dutch Shell in developing LNG Canada’s $31 billion project
The project will see the export of around 14 million tons of LNG per year. Mitsubishi’s stake in the project is 15%. On Tuesday, Mitsubishi Corp stated, it will join Royal Dutch Shell in developing the LNG Canada project in… Read More ›
Malaysia to sink in $697.9 million towards completing its TRX City project
The move is aimed at easing concerns of local and foreign investors regarding the completion of the TRX City – an integrated financial district. On Thursday, in a strategic move aimed at allaying concerns of foreign and domestic investors vis-a-vis… Read More ›
Uber’s Asia business under bribery cloud; allegations of bribery being probed by DOJ
Uber’s law firm O‘Melveny & Myers LLP is investigating on why some potentially problematic business dealings were not disclosed sooner. With a federal probe looking into whether Uber Technologies broke U.S. bribery laws, the ride services company has begun reviewing… Read More ›