Singapore’s High Court has blocked foreign liquidators from suing Standard Chartered and BSI Bank over transactions allegedly linked to the 1Malaysia Development Bhd (1MDB) scandal, ruling that Singapore’s cross-border insolvency framework cannot be applied to deals executed before the law took effect in 2018. The liquidators of Blackstone Asia Real Estate Partners and Brazen Sky,…
President Donald Trump unveiled a wide-ranging Gaza peace plan Monday and won cautious backing from Israeli Prime Minister Benjamin Netanyahu, who warned he was still ready to “finish the job” against Hamas. However, Hamas had yet to comment and Netanyahu’s warning reflected the complexities lying ahead. “If Hamas rejects your plan, Mr President, or if…
Donald Trump will host Israeli Prime Minister Benjamin Netanyahu at the White House on Monday, with the U.S. president pushing a Gaza peace proposal after a slew of Western leaders embraced Palestinian statehood in defiance of American and Israeli opposition. In Netanyahu’s fourth visit since Trump returned to office in January, the right-wing Israeli leader…
Prime Minister Datuk Seri Anwar Ibrahim confirmed that the Madani government would not opt to incentivize use of public transport by introducing charges on private vehicles. He said that while that option is used by some nations it is not suitable yet since the public transport infrastructure is still being developed. “In some countries, to…
Deputy Minister of Investment, Trade and Industry listed out three major technology related challenges for Malaysia’s marine industry. Artificial intelligence (AI) was listed among them. “First, decarbonisation. “As shipping is getting more concerned with climate change, and with the International Maritime Organisation coming up with newer regulations as time goes by, it is imperative that…
DAP’s international affairs bureau secretary Kasthuri Patto questioned the failure of authorities in failing to stop and search drug mules before they crossed into Singapore. “The burning and inevitable question here is why were they not apprehended by the Malaysian customs or the police force on Malaysian soil? Did the Malaysian officers not know of…
The trick to make tourism flourish for all segments of the travel trade market is to make arrivals consistent and sustainable instead of just seasonal like what had transpired in the past, says a veteran travel trade practitioner Ahmad Pishol Isahak. With a temperate weather except for the occasional heavy rains and droughts, Pishol said…
President Donald Trump is using a new installation of portraits at the White House to mock his Democratic predecessor, in a break from the decorum typically shown to past presidents no matter their political party. A “Presidential Walk of Fame” unveiled outside the Oval Office on Wednesday features gold-framed portraits of past presidents, except for…
Saudi Arabia and nuclear-armed Pakistan signed a formal mutual defense pact on Wednesday, in a move that significantly strengthens a decades-long security partnership amid heightened regional tensions. The enhanced defense ties come as Gulf Arab states grow increasingly wary about the reliability of the United States as their longstanding security guarantor. Israel’s attack on Qatar…
