Malaysia

Did China offer to bail out Malaysia’s 1MDB?

Malaysia said Tuesday it was investigating alleged claims China offered to help bail out scandal-hit state fund 1MDB and get foreign probes into the controversy dropped in return for securing infrastructure deals.Huge sums were purportedly looted from the Malaysian government fund in an audacious fraud, which allegedly involved former prime minister Najib Razak and contributed to his shock poll defeat in May 2018.The Wall Street Journal reported Chinese officials allegedly offered in 2016 to

9 January 2019
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Hot air balloon tourism on the rise

Adventure tourism is gaining a strong foothold in ASEAN, a region which already enjoys a mature and well-developed tourism market.Blessed with jungles teeming with flora and fauna, an abundance of underwater life and a wide range of islands, mountains and cliffs to explore, Southeast Asia has world-class adventure destinations and has been marketed as such.The ASEAN Tourism Strategic Plan (ATSP) 2016-2025 states that adventure tourism should be promoted regionally.

8 January 2019
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New Malaysian king to be elected this month

A new Malaysian king will be elected and sworn in this month, royal officials said Monday, after Sultan Muhammad V abdicated in a historic first following his reported marriage to a Russian former beauty queen.The king stepped aside Sunday following intense speculation about his future after reports surfaced in recent weeks that he had taken medical leave, and then wed the former Miss Moscow.As the country reacted with shock to the news, Malaysia's Islamic royal families met at the natio

8 January 2019
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Malaysian king abdicates in historic first

Malaysia's king abdicated Sunday in a historic first for the country that ended weeks of speculation about his future after he took medical leave and reportedly married a Russian ex-beauty queen.Sultan Muhammad V's decision marks the first time a king has stepped aside during his five-year term in the Muslim-majority country.The national palace confirmed the resignation with immediate effect of the 49-year-old, who had been on the throne for two years and was known for his fondness

7 January 2019
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Child marriages: A spillover effect

Recently, The ASEAN Post wrote two articles on child marriages with a special focus on Indonesia and Thailand.For the story on Thailand, named “Regulation seeks to end child marriages, but…” statistics gathered by the United Nation Children’s Fund (UNICEF) were cited. However, data for Brunei, Malaysia and Singapore were unavailable.

30 December 2018
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UMNO and PAS: A forced political marriage?

A recent rally celebrating the decision by the new government of Malaysia not to ratify the International Convention on the Elimination of All Forms of Racial Discrimination (ICERD) marked the coming together of two major political parties in the nation’s political landscape – the United Malays National Organisation (UMNO) and the Malaysian Islamic Party (Parti Islam Se-Malaysia or PAS).There is an underlying political aspiration to this move of penyatuan ummah – or the unification of the Mus

20 December 2018
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ICERD non-ratification tarnishes Malaysia’s image

On 8 December 2018, downtown Kuala Lumpur was engulfed in a sea of white by those celebrating the government’s decision not to ratify the International Convention on the Elimination of All Forms of Racial Discrimination or ICERD. What initially began as a protest against the Malaysian government’s decision to ratify the convention turned into a celebratory spectacle after the government rescinded on its promise a few days prior to the slated rally.

18 December 2018
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Malaysia charges Goldman over 1MDB scandal

Malaysia has filed criminal charges Monday against Goldman Sachs and two of its former employees over the alleged theft of billions of dollars, heaping fresh pressure on the Wall Street titan over the 1Malaysia Development Berhad (1MDB) scandal.Goldman subsidiaries and ex-bankers Tim Leissner and Ng Chong Hwa are accused of misappropriating US$2.7 billion, bribing officials and giving false statements in relation to bond issues they arranged for state fund 1MDB.Allegations that huge sums were

18 December 2018
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Calls to cool down on coal

While delegates from 200 countries come together to ramp up climate action and investors worldwide call for an end to banking on coal as part of the energy mix, the Trump administration followed through with its threat to host a fossil-fuel promotional side event at the United Nations Climate Summit (COP24), currently held in the Polish coal capital of Katowice.Amidst protests and jeering from climate campaigners, only Poland and Australia were represented at the event intended to “showcase w

14 December 2018
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Malaysia to tax imported services

Last week, Malaysia’s Finance Minister Lim Guan Eng tabled the country’s 2019 Budget. Being the first budget under a new government led by the Alliance of Hope (Pakatan Harapan), there were obviously numerous key points to look out for. One of those key points is the taxing of services imported into the country, which includes online services. The service tax, according to Lim, will be imposed in phases beginning with services imported by businesses in January, next year.

9 November 2018
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Goldman stung by 1MDB corruption scheme

A high-profile corruption probe that has spanned continents has landed its first direct blow at Goldman Sachs.At least three senior Goldman bankers were implicated by the United States (US) Department of Justice (DOJ) in a multiyear criminal enterprise that included bribing officials in Malaysia and elsewhere and laundering of hundreds of millions of dollars.

2 November 2018
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