APEC economies urged to adopt open trade policy to safeguard food security

KUALA LUMPUR, May 21 (NNN-BERNAMA) — Asia-Pacific Economic Cooperation (APEC) member economies need to adopt an open trade policy to safeguard food security in the region amid COVID-19, says a new policy brief by the APEC Policy Support Unit. The recent policy brief on export restrictions and food security in the…

1MDB Trial: PetroSaudi called a “Pain in the A”, says witness

KUALA LUMPUR, May 21 (NNN-BERNAMA) — The High Court hearing Datuk Seri Najib Tun Razak’s 1Malaysia Development Berhad (1MDB) case was today told that PetroSaudi International (PSI) was called a ‘Pain in the A”(ass) or PITA by the management of the 1MDB. This was disclosed by former 1MDB chief executive officer Datuk Shahrol Azral…

Singapore to allow travellers to transit via Changi Airport from June 2

By Massita Ahmad SINGAPORE, May 21 (NNN-BERNAMA) — Singapore will gradually allow travellers to transit through the Changi Airport with effect from June 2, 2020, according to the Civil Aviation Authority of Singapore (CAAS). “This is part of Singapore’s strategy to gradually re-open air transport to meet the needs of our…

KL stock exchange opens higher, extends 6-day winning streak

KUALA LUMPUR, May 21 (NNN-BERNAMA) — The Kuala Lumpur share market, Bursa Malaysia extended its six-day winning streak to open higher today, tracking Wall Street’s overnight surge amid the strengthening of crude oil prices. At 9.06 am, benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) increased 4.82 points, or 0.34 per cent to 1,439.94…

Iran’s President Lauds “Self-Sufficiency” Amid U.S. Sanctions

TEHRAN, May 21 (NNN-IRNA) – U.S. sanctions have hurt Iranians over the past years, but they also led to great achievements, such as self-sufficiency in many areas, Iran’s President, Hassan Rouhani, said. “Despite the harsh conditions of the country and the illegal and unjust sanctions and the severe economic pressure…

Prices of goods monitored since MCO began – Minister

KAJANG, May 20 (NNN-BERNAMA) — Domestic Trade and Consumer Affairs Minister Datuk Alexander Nanta Linggi said the government has always been sensitive to consumer complaints and has been monitoring the price of goods from the start of the Movement Control Order (MCO). He said this when commenting on complaints that the government has…

Najib, Arul Kanda trial to resume June 15

KUALA LUMPUR, May 20 (NNN-BERNAMA) — The High Court here has set 15 days beginning June 15 to resume the trial of former Prime Minister Datuk Seri Najib Tun Razak and 1Malaysia Development Berhad (1MDB)  former chief executive officer Arul Kanda Kandasamy on alleged tampering with the 1MDB final audit report. Judge Mohamed Zaini…

Thai National Carrier To Seek Restructuring Via Bankruptcy Court

BANGKOK, May 20 (NNN-TNA) – Thailand’s national flag carrier, Thai Airways International Plc, will seek restructuring via a bankruptcy court, after the Thai Cabinet Tuesday approved a rehabilitation plan for the troubled state enterprise. The Cabinet meeting, chaired by Prime Minister, Prayut Chan-o-cha, agreed to the plan, proposed by the…

Singapore To Exit COVID-19 Circuit Breaker, Resume Activities In Three Phases

SINGAPORE, May 20 (NNN-CNA) – The current COVID-19 Circuit Breaker measures will be exited and the banned activities will be resumed in three phases, starting from June 2, Singapore’s Ministry of Health said. Singapore started the Circuit Breaker on Apr 7, when all non-essential workplaces were closed temporarily. The Multi-Ministry…

Trial Against Former Malaysian PM Najib Resumes, Stepson Might Turn Witness

KUALA LUMPUR, May 20 (NNN-XINHUA) – The trial against former Malaysian Prime Minister, Najib Razak, resumed on Tuesday, as the prosecution indicated his stepson, Riza Shahriz Abdul Aziz, could be a witness, to give evidence in relation to state investment fund 1Malaysia Development Berhad (1MDB). Lead prosecutor, Gopal Sri Ram…
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