Fugitive Jho Low now claims 1MDB billions were “loans” to him
Fugitive businessman Low Taek Jho has claimed that millions of dollars siphoned from 1Malaysia Development Berhad (1MDB), Malaysia's debt-ridden state fund, were merely loans to...
EU commits new grants to Philippines Government
The European Union (EU) has committed an additional 150 million euros-worth of grants to the Philippines. Two-thirds of the fund will firstly, help finance programs...
Accounting Bodies Give Thumbs Up for Malaysia Budget 2021
According to a report by E&Y, PWC and MIA (Malaysian Institute of Accountants), the recent Malaysian budget for 2021 sets to be the largest ever...
Thailand economy performing better than expected according to government report
Government Spokesperson Anucha Burapachaisri stated that Thailand’s economic situation was better than predicted earlier. The Government’s continued measures to cushion the economy have resulted in...
World Bank: Digital Technologies will help the Philippines recover
According to a report released by the World Bank and the National Economic and Development Authority (NEDA), the rapid adoption of digital technologies can help the Philippines overcome tremendously. Firstly, in navigating the impact of the Covid-19 pandemic. Secondly, digital technology can assist the Philippines in recovery from the crisis. Lastly, it can also help it achieve its vision of becoming a middle-class society free of poverty.
Health Risky Funds: Malversation of the budget to the People
Charges against Secretary Francisco Duque III were almost up. Financial anomalies had been discovered whilst he was the Chairman of the Department of Health of the Philippines. Billions of funds released to PhilHealth (Philippine Health Insurance Corporation). Oddly, the multi-agency task force did not file charges against Duque. Philippines President, Rodrigo Duterte himself revoked the recommendations.
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.