Sunday, 20 January 2019

Tag Archives: Malaysia

Pakistan, Malaysia sign MoU to partially abolish visa

KUALA LUMPUR: Pakistan and Malaysia signed a Memorandum of Understanding (MoU) for the partial abolition of visa between the two countries. Prime Minister Imran Khan and Malaysian PM Dr Mahathir Mohamad witnessed the signing of the Partial Visa Abolishment Agreement (PVAA) which will reinforce the positive momentum in the bilateral relationship by ...

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Goldman Sachs ‘cheated’ Malaysia over 1MDB: PM Mahathir

KULA LUMPUR: Goldman Sachs Group Inc “cheated” Malaysia over its dealings with state fund 1MDB which is the subject of corruption and money-laundering investigations, Prime Minister Mahathir Mohamad told CNBC in an interview. The United States, Malaysia and at least four other countries are investigating how billions of dollars went ...

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Malaysian ex-PM, former treasury chief charged with criminal breach of trust

KUALA LUMPUR: Former Malaysian Prime Minister Najib Razak and his top treasury official were on Thursday charged with six counts each of criminal breach of trust involving government funds of 6.6 billion ringgit ($1.58 billion). The charges against Najib and Irwan Serigar Abdullah, Malaysia’s former Treasury secretary-general, were the latest ...

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Malaysia To Abolish Death Penalty

Kuala Lumpur: Malaysia’s cabinet has agreed to abolish the death penalty, a senior minister said Thursday, in a decision hailed by rights groups. Capital punishment in Malaysia is currently mandatory for murder, kidnapping, possession of firearms and drug trafficking, among other crimes. The penalty is exclusively carried out by hanging in ...

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Wife of ex-Malaysian PM arrested by anti-graft agency

KUALA LUMPUR: Rosmah Mansor, the flamboyant wife of Malaysia’s former prime minister, was arrested by the country’s anti-graft agency over a multi-billion-dollar scandal that helped to bring down the last government. Investigations into the alleged looting of state fund 1MDB by an audacious international fraud ring have already seen her ...

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EU launches Asia strategy to rival China’s ‘new Silk Road’

BRUSSELS: As doubts grow over China’s vast “Belt and Road” trade infrastructure project, the EU is launching an alternative plan for Asia that it says will not saddle countries with debt they cannot repay. EU member countries are expected to sign off on the new “Asia connectivity strategy” – which ...

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Pakistan loses business deal worth $940 million

KUALA LAMPUR/KARACHI: Pakistan has lost a business deal worth $940 million after the foreign acquirer of a telecom business in the country faced delays in getting regulatory approvals from the Pakistan Telecommunication Authority (PTA), which is running without a proper head for about 10 months. According to a notice filed by ...

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Malaysia’s Proton electric cars coming to Pakistan

KUALA LUMPUR: Malaysia’s automaker Proton Holdings planned to introduce its electric and other green-cars in Pakistan in partnership with a local car assembler in a deal touted to bring $200 to 300 million of investment in the country, people with knowledge of the matter said on Thursday. Industry officials said ...

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Malaysia faces economic headwinds as GDP growth flops in Q2

KOULAM PUR: Malaysia cut its full-year growth forecast and reported much slower second-quarter expansion on Friday, as the country reviews mega projects and tackles a massive debt left by the previous government. Weaker growth figures were expected, analysts say, due to global uncertainties and questions raised by Mahathir Mohamad’s stunning ...

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Malaysia and Indonesia agree to settle border issues

AP JAKARTA: Malaysia and Indonesia have agreed to resolve issues pertaining to the delineation of borders of both countries. Foreign Minister Datuk Saifuddin Abdullah and his Indonesian counterpart Retno Marsudi announced the commitment in a joint media conference here. “We will resolve the issues related to the delineation (sea and ...

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