Jho Low prevailed over 1MDB directors in Brazen Sky matters, court hears

A FORMER Singaporean banker told the Kuala Lumpur High Court today that based on his observation, fugitive businessman Low Taek Jho, popularly known as Jho Low, was the higher authority who green-lighted financial decisions involving 1Malaysia Development Bhd (1MDB) offshore investment in Brazen Sky Ltd. Former head of Wealth Management Services of BSI Bank Kevin Michael Swampillai, 59, agreed to […]

Taiwan in talks for US$500 million weapons package from US

TAIWAN is expecting a fast-tracked US$500 million (RM2.22 billion) weapons package from Washington this year to make up for delays in arms procurements, the island’s defence minister said today. The self-ruled, democratic island lives under constant threat of an invasion by China, which claims Taiwan as part of its territory to be seized one day […]

4 held after failed heist in swanky Tokyo district

FOUR people were detained in Tokyo today after they smashed their way into a luxury watch shop and stole items worth more than US$740,000 (RM3.3 million), local media said. The robbery in the upscale Ginza district was an unusual attempted heist in a country with famously low levels of crime.

Ringgit ends marginally lower against dollar

THE ringgit trimmed last week’s gains to end marginally lower against the US dollar today on a lack of catalysts amid a slightly firmer greenback, an analyst said. At 6pm, the local note stood at 4.4360/4380 versus the US dollar compared with last Friday’s closing of 4.4350/4400.

Singapore plans extensive law to fight online crime

A BILL that will allow Singapore authorities to remove apps was introduced in parliament today to provide police with broad powers to combat malicious online crime and scams.   If passed, the “Online Criminal Harms Bill” could among other things require app stores to remove an app from Singapore storefronts as well as demand online service […]