Philippine Army successfully thwarts Bomb plot by NPA Terrorists
A communist plan to plant bombs in numerous roads in Samar was foiled by joint Army and Police operatives after a manufacturing site of Improvised Explosive Devices of the New People’s Army (NPA) terrorists was uncovered in the boundary of Sitio Burabud and Sitio Biga, Brgy Mabini, Basey, Samar at 1 p.m. Saturday, September 12, 2020.
Malaysian charged by US DOJ for North Korean Sanction Violations
The Department of Justice announced a criminal complaint charging Ri Jong Chol, Ri Yu Gyong, North Korean nationals, and Gan Chee Lim, a Malaysia national. The three were charged with conspiracy to violate North Korean Sanctions Regulations and bank fraud, and conspiracy to launder funds. The defendants allegedly established and utilized front companies that transmitted U.S. dollar wires through the United States to purchase commodities on behalf of North Korean customers.
Indonesia’s Trade Surplus Continues to Expand
By component, the non-oil and gas trade balance recorded a USD3.52 billion surplus in July 2020, up from USD1.36 billion the month earlier. The increase was explained by a surge of non-oil and gas exports coupled with declining non-oil and gas imports in line with compressed domestic demand. The export gains were primarily driven by precious metals, jewellery/gems, animal and vegetable fats and oils, motor vehicles and parts, as well as iron and steel. On the other hand, consumer goods and raw materials were the main drag on non-oil and gas imports despite an uptick recorded in terms of capital goods imports in line with stronger exports. The oil and gas trade deficit persisted in the reporting period at USD0.25 billion as imports of crude oil and refined products increased.
Indonesia rejects Chinese request for military base
The conversation occurred during a meeting between the two top defense officials in Jakarta on Sept. 8, according to a report by Indonesian publication Kompas. Indonesia occupies a strategic location on the southern edge of the South China Sea and on the main sea route between China and the Indian Ocean, the Middle East, Europe and Africa.
TRANSMILE GROUP BHD FOUNDER AND FORMER CEO JAILED AND FINED FOR FURNISHING MISLEADING STATEMENT
The Kuala Lumpur Sessions Court today found Transmile Group Bhd (TGB) founder and former Chief Executive Officer (CEO) Gan Boon Aun guilty of furnishing misleading statements to Bursa Malaysia. The statements concerned TGB’s financial statement in its Quarterly Unaudited Consolidated Results for the Financial Year Ended 31 December 2006, an offence under section 122B (a)(bb) of the Securities Industries Act 1983 (SIA) read together with section 122(1) of the same Act.Sessions Court Judge Tuan Hasbullah bin Adam announced the verdict this morning, and sentenced Gan to a fine of RM2.5million (in default of 18 months’ imprisonment) and one day imprisonment. The SC said it will be recommending to the Public Prosecutor to appeal against the sentence.
Ogilvy Appoints Tiwat Nitchote as Chief Strategy Officer in Thailand
Acknowledging the importance of strategy in business growth agenda, Nopadol Srikieatikajohn, Chairman of Ogilvy Thailand has appointed Tiwat Nitchote as Chief Strategy Officer for Ogilvy Thailand. In this newly created role, Tiwat will join forces with the existing management team to harness Ogilvy’s creativity to grow and transform not only brands, but entire businesses. He will focus on strengthening and streamlining Ogilvy Thailand’s strategic offerings to drive clients’ business towards Modern Marketing success.
P1.6M worth of Ecstasy pills seized by Port Clark by Philippines Customs Bureau
Amidst the challenges brought by the pandemic, Port of Clark remains committed in protecting the borders against the entry of smuggled prohibited drugs in the country as it seized 988 pieces of Ecstasy tablets and unidentified broken pieces with an estimated value of P1.6-million last September 01, 2020.
PropertyGuru successfully raises S$300M to push growth in Southeast Asia
This investment comes at an extraordinary time for PropertyGuru: With 24% y-o-y revenue growth, PropertyGuru beat 2019 forecasts and continues to lead in Southeast Asia with 57% market share* (4x nearest player). PropertyGuru is the PropTech leader across all five markets in the region with its No. 1 marketplaces: PropertyGuru in Singapore and Malaysia, Batdongsan.com.vn in Vietnam DDproperty.com in Thailand, and Rumah.com and RumahDijual.com in Indonesia. Over the past year, business momentum and financial performance has been very strong across multiple key markets.
The RM6.61 Billion Question to the PH government
Tengku Zafrul Aziz, Minister of Finance Malaysia Recently there has been an uproar in the Malaysian parliament. The Pakatan Harapan (PH) government awarded 101 projects...
