Author: viking

ANALYSIS: With the main contractors appointed and construction works well underway, the stadiums which will host the 2022 World Cup are beginning to take shape.

Investors should be bullish regarding the China-Malaysia economic relationship, regardless of the uncertainty surrounding joint projects worth US$23 billion that have been called into question by Malaysian Prime Minister Mahathir Mohamad.
That was the message from top Malaysian businessmen who addressed the South China Morning Pos t’s China Conference in Kuala Lumpur on Wednesday.
Francis Yeoh, the executive chairman of the YTL Group, used the example of the East Coast Rail Link, a US$13…

The European Banking Authority (EBA) has found that EU banks require €24.5 billion of capital to comply with the implementation of regulations designed to strengthen banks’ capital requirements.

The poor reputation of the few, controversial Beijing-backed infrastructure projects that Malaysian Prime Minister Mahathir Mohamad is seeking to cancel should not detract from the overall benefits of “dynamic” Chinese investments into Malaysia, a prominent local political economist has said.
Unlike the US$23 billion worth of projects Mahathir is seeking to cancel, there are smaller-scale investments from private Chinese investors into Malaysia’s manufacturing sector that are…

The death toll from the earthquake and tsunami on Indonesia’s Sulawesi island has climbed past 2,000, the country’s disaster agency said Tuesday, as authorities prepared to end the search for thousands of victims feared buried in mud and rubble in the hardest-hit neighbourhoods.
Agency spokesman Sutopo Purwo Nugroho said the toll from the September 28 twin disasters had climbed to 2,010. He said authorities will hold prayers on Thursday to mark the end of the search in the Petobo,…

Businesses that breach UK data protection law or misuse personal information are not automatically obliged to pay compensation to people affected by that breach, the High Court in London has confirmed.

International investors in Malaysia are expected to carefully parse comments by government officials in a slew of high-profile business forums taking place in Kuala Lumpur this week. Among them is the South China Morning Post’s flagship China Conference, which is taking place outside the newspaper’s Hong Kong base for the first time ever. The two-day Post event at the Kuala Lumpur Hilton beginning Wednesday will feature a keynote speech by Malaysia’s economic affairs…

Two former prime ministers of Pakistan, Nawaz Sharif and Shahid Khaqan Abbasi, facing allegations of treason appeared before a court along with a prominent journalist on Monday in a hearing to determine whether the case should go to trial.
The hearing was adjourned until October 22.
The case related to an interview Sharif gave to the English daily Dawn in which he was quoted as suggesting the Pakistani state played a role in the militant attack on the Indian city of Mumbai that killed 166…

If international agreement cannot be reached on how to tax digital companies the UK will “go it alone” and introduce its own digital services tax, UK chancellor Philip Hammond said in a speech to the Conservative party conference last week. 

If Cambodian government officials thought Meach Sovannara would stay quiet after they threw him in prison, they were wrong.
From behind the walls of Prey Sar – a crowded lock-up in Phnom Penh – Sovannara wrote a critical article this year about Cambodian Prime Minister Hun Sen, who has ruled the Southeast Asian nation for decades in what human rights activists often describe as a dictatorship masquerading as a democracy.
Sovannara said he wrote the article by hand and had it…