Saturday, March 23, 2019

Tag: Malaysia

Malaysia-China sign historic 14 agreements worth RM144b

PM Najib Razak says it is the biggest ever recorded with his official visit overseas and a historic achievement for both countries. Malaysian and Chinese companies made history today with the signing of 14 agreements worth RM144 billion. Prime Minister Najib Razak said the amount was the biggest ever recorded in...

Malaysia to award $18.3b KL-Kelantan rail project to China

Malaysia is awarding a RM55 billion (S$18.3 billion) rail project to China Communication Construction Company (CCCC), just two weeks after Prime Minister Najib Razak made public the plan to build the Kuala Lumpur-Kelantan line. The 620km mega project will be the third involvement of China firms in major projects in...

China, Malaysia pledge to narrow differences on South China Sea

Kuala Lumpur also agrees to buy four Chinese naval vessels as part of Najib Razak’s visit to Beijing. China and Malaysia vowed to deepen cooperation on the ­disputed South China Sea on Tuesday as Malaysian Prime Minister Najib Razak met Premier Li ­Keqiang in Beijing. Li called on Malaysia and China...

Fukushima rice set to make first EU foray with debut in Britain

Fukushima-harvested rice will hit the stores in Britain in July, which might make it the first member of the EU to import the grain, following a sustained effort by a group of Fukushima natives in London fighting rumors about the safety of the crop. It is also the third nation,...

Net immigration to UK nears peak as fewer Britons emigrate

UK role as ‘jobs factory of Europe’ draws long-term working migrants with net migration reaching 330,000 in 2015. Annual net immigration to Britain rose to 333,000 in 2015, just 3,000 below its record peak, confirming the UK as a country of mass immigration, figures from the Office for National Statistics...

Forecasting the Aftermath of a Ruling on China’s Nine-Dash Line

A tribunal is likely to rule on China's hazy claims to South China Sea sovereignty. How Beijing and others react isn't set in stone. The arbitration tribunal of five impartial experts that has been considering the Philippines suit against China under the U.N. Convention on the Law of the Sea...

Global finance faces $9 trillion stress test as dollar soars

The world is more dollarized today that any time in history, and therefore at the mercy of the US Federal Reserve as rates rise. Sitting on the desks of central bank governors and regulators across the world is a scholarly report that spells out the vertiginous scale of global debt...

U.S. plans naval exercises with India and Japan in Philippine Sea

India, the United States and Japan will hold naval exercises in waters off the northern Philippines near the South China Sea this year, the U.S. military said on Wednesday, a move likely to further raise tensions with China. The announcement comes a day after the United States warned China against...

EU hits China with new steel anti-dumping probes

The EU launched new probes today (12 February) into imports of Chinese steel, warning it would not allow “unfair competition” to threaten Europe’s industry already crumbling under a flood of cheap imports. European steelmakers are reeling from a global glut and last week Luxembourg-based world leader ArcelorMittal blamed China for a colossal...

Is China Being Wooed by Fantasies of Western Acceptance?

In the area of finance and creation of new financial institutions much hope of many nations has been placed on China. Last year China played a catalytic role in helping establish a new BRICS Infrastructure Development Bank to finance infrastructure projects in select emerging economies. Soon after Beijing announced...

How Beijing and Hong Kong sent billionaire George Soros packing the last time he...

The history of how George Soros has affected currencies and economies in Asia is remembered with some bitterness. History doesn’t repeat itself, but it does rhyme, the American humourist Mark Twain is often quoted as saying. So when billionaire investor George Soros said last week that a hard-landing in the Chinese...

China Carefully Moving to Displace Dollar

While Washington seems obsessed with trying to humiliate China’s President Xi Jinping and make him lose face, sending warships into Chinese territorial waters in the South China Sea just days after Obama’s White House meeting with President XI, and other provocative acts, Britain’s government is taking advantage of the...

US Marines look to nurture integrated Asia-Pacific amphibious forces, China excluded

The U.S. Marine Corps is bringing together foreign commanders from amphibious forces deployed mostly in the Asia-Pacific for a conference aimed at taking steps to integrate operations, with China excluded from the event, according to officials and planning documents. The effort centers on a first-of-its-kind conference between the Marine Corps...

Japan, Philippines to hold first naval drill in South China Sea

Japan and the Philippines will hold their first joint naval drill this month in the South China Sea near a disputed shoal claimed by Beijing, sources in Tokyo and the Philippines said. The May 12 maritime safety exercise, which will practice the code for unplanned encounters at sea, known as...

Philippines seeks help from U.S. in South China Sea dispute

(Reuters) - The Philippines is seeking more "substantive" support from its long-time security ally United States on how to counter China's rapid expansion in the South China Sea, the foreign secretary said on Wednesday. China's rapid reclamation around seven reefs in the Spratly archipelago of the South China Sea has...

Indonesia eyes regular navy exercises with U.S. in South China Sea

(Reuters) - Indonesia wants to hold regular military exercises with the United States near the sparsely populated Natuna archipelago, an area of the South China Sea near China's claims, a navy spokesman said on Monday. Although Indonesia is not a claimant in the South China Sea, the military has accused...

China, Vietnam pledge peaceful resolution for sea dispute

(Reuters) - China and Vietnam have pledged to look for a peaceful resolution to their dispute in the South China Sea via talks, following a meeting between China's president and the head of Vietnam's Communist Party, state news agency Xinhua said on Wednesday. A joint communique carried by Xinhua said...

World Oil Transit Chokepoints

Overview World chokepoints for maritime transit of oil are a critical part of global energy security. About 63% of the world's oil production moves on maritime routes. The Strait of Hormuz and the Strait of Malacca are the world's most important strategic chokepoints by volume of oil transit. The U.S. Energy...

China’s Great Wall Motor to Invest in Russia Plant

SHANGHAI—Chinese auto maker Great Wall Motor Co. is planning to build a car factory in Russia even as the auto maker faces setbacks building its brand at home and abroad. In a statement to the Hong Kong exchange Monday, the company said it planned to invest an initial 2.1 billion...

Understanding ASEAN: Seven things you need to know

Southeast Asia is one of the world’s fastest-growing markets—and one of the least well known. China remains the Goliath of emerging markets, with every fluctuation in its GDP making headlines around the globe. But investors and multinationals are increasingly turning their gaze southward to the ten dynamic markets that make...

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