Monthly Archives: June 2017

//June

Indonesia firm on pledge to stop cross-border haze

June 26th, 2017|

KUCHING: Indonesia has adopted systematic measures to address the cross-border haze that affects Southeast Asia, in keeping with its assurance to ensure an end to the problem by 2020, says Natural Resources and Environment Minister Wan Junaidi Tuanku Jaafar. He said he had held numerous discussions, from the provincial to

Vietnamese fishermen encroaching Sarawak waters

June 26th, 2017|

KUCHING: Vietnamese nationals top the list in the number of foreign fishermen detained by the Malaysian Maritime Enforcement Agency (MMEA) in Sarawak waters for encroaching and unauthorised fishing. This year, their presence is reported to have spiked significantly, with 196 Vietnamese crewmen and skippers arrested in the first five months

PKR: Sabah, Sarawak assemblies must approve tourism tax first

June 26th, 2017|

PETALING JAYA: PKR wants Sarawak and Sabah to insist against the new national tourism tax being imposed in the two states until their legislative assemblies pass ordinances to authorise the levy there. Sarawak PKR vice-chairman See Chee How said the east Malaysian states should be steadfast in the matter. He

Boy dies after playing with firecrackers

June 26th, 2017|

KUCHING: A 12-year-old boy who was playing with firecrackers in a village near here early today, was found dead following a loud explosion, according to police. Kuching Police chief ACP Abang Ahmad Abang Julai said Haiqal Hakim Zolpaka was found dead by his father at 12.15am outside his house in

Tradeweb to be main offshore trading platform for China

June 26th, 2017|

BEIJING: Tradeweb, a fixed-income trading platform, will connect with China Foreign Exchange Trading System (CFETS) to be the main interface for offshore investors trading in China’s bond market through the country’s upcoming “Bond Connect” scheme, the company said on Monday. Talks between Tradeweb and the Hong Kong exchange were exclusively

Investors pour RM38b into Asian bonds, Malaysia benefits

June 26th, 2017|

SINGAPORE: Asia bond demand is running at its highest level in eight months and looks set to stay firm this year, boosted by the region’s higher returns at a time when stubbornly low inflation in the United States is keeping a lid on Treasury yields. Investors poured US$9 billion (RM38

Takata decides to file for bankruptcy

June 26th, 2017|

TOKYO: Japan’s Takata Corp, the firm at the center of the auto industry’s biggest ever product recall, will file for bankruptcy protection in Japan on Monday with liabilities of more than 1 trillion yen (RM39 billion), a source said. The decision came at a special meeting of the air-bag maker’s

Key Safety Systems to buy Takata’s assets for US$1.57 billion

June 26th, 2017|

TOKYO: Key Safety Systems (KSS) said on Sunday that it had reached a deal with Takata to purchase nearly all of its assets for about 175 billion yen (US$1.57 billion), after the air-bag maker filed for bankruptcy in the United States and Japan. KSS said it would retain almost all

Resurgent Balotelli extends Nice contract

June 26th, 2017|

FRANCE: Italian international striker Mario Balotelli signed a new deal with French Ligue 1 outfit Nice on Sunday after spearheading their qualification for the Champions League in his first season. “OGC Nice are delighted to confirm that Mario Balotelli has signed a new contract with the club,” Nice wrote on

Dixon stretches IndyCar lead with Road America win

June 26th, 2017|

CHICAGO: New Zealand’s Scott Dixon stretched his IndyCar season points lead Sunday by taking his first victory of the campaign, holding off Josef Newgarden to win the Road America Grand Prix. Dixon, a four-time season champion, won his 41st career IndyCar race and first since last September at Watkins Glen.