SINGAPORE: Energy large Shell is in talks with Saudi Arabia’s state- owned Saudi Aramco to sell its gas station business in Malaysia, the next- largest for network in the country, four industry sources conscious of the discussions told Reuters, and a deal could be for up to US$ 1 billion.Continue Reading
Taiwan, Vice President-elect Hsiao Bi-khim said on May 6 that it is grateful for continued US security assistance but that it must first invest in establishing its own” strengths” and demonstrate to the world how important it is to Taiwan. Given her fluent English and close ties to the USContinue Reading
BEIJING: Home guests spent 166.9 billion yuan ( US$ 23.13 billion ) during one of China’s longest falls, the May Day holiday, for a rise of 13.5 per cent from pre- epidemic levels, government data showed on Monday, but consumption per head lagged 2019 levels. In the face of deflationContinue Reading
After seeing a lot of social media coverage of the matter, China’s National Health Commission announced it was looking into a clinic in Chongqing’s south megalopolis for its alleged involvement in infertility, which is prohibited in China. Following a number of official inquiries last year about the issuing of falseContinue Reading
Manila’s president Ferdinand Marcos declared on May 6 that the Philippines do not reciprocate with China’s use of water cannons against its ships, preventing Manila from asserting its claim to sovereignty in the contested South China Sea. Despite an international court ruling that Beijing’s claim has no legal base, itContinue Reading
Manila’s president Ferdinand Marcos declared on May 6 that the Philippines may not reciprocate with China’s use of water cannons against its ships, preventing Manila from asserting its claim to sovereignty in the contested South China Sea. Despite an international court ruling that Beijing’s claim has no legal base, itContinue Reading
As he criticized media outlets for reporting on such a move, Malaysia’s Prime Minister Anwar Ibrahim criticized the country’s ability to make a final decision regarding the timing of the gas payment cuts.
Although there was first discourse, there was no definitive decision regarding the implementation date, so the issue of removing the diesel subsidy was raised. The strategy needs to be explained. After meeting community leaders in Butterworth, Penang on Sunday ( May 5 ), Mr. Anwar told the media that the idea is to avoid burdening the people.
He even criticized “unethical” foreign media coverage of the gas subsidy cuts and attacked recent reports of alleged discussions to build a game in Johor’s Forest City project.
” Maybe because of our strong political attitude, neighboring and international media continue to criticize us in terms of bad information.” For instance, the alleged game development issue ( in Johor )… it was never discussed but it became a popular issue”, he said.
His notes came after Kuala Kubu Bharu by-election in Selangor on May 11 was reported as fuel subsidies may be slashed by June. According to experts, the by-election will examine the dynamics of Mr. Anwar’s unity government against various factions.  ,
According to The Straits Times, citing formal and business publications, gasoline prices may “float to business rates” “in a matter of weeks” after May 11, followed by a gradual rise in gasoline retail prices.
Since gasoline was widely used in those states, Mr. Anwar recently stated that Peninsular Malaysia would receive re-targeted diesel subsidies in phases, while Sabah and Sarawak would not be.
Rafizi Ramli, the minister of economics, stated in November that specific subsidies for gasoline and diesel are likely to be used to implement them this year using various methods, including personal net disposable income.
In mid-April, Mr. Anwar met Genting Group chairman and CEO Lim Kok Thay in Forest City, according to a report from Bloomberg’s news outlet next month. Malaysia’s prince, Sultan Ibrahim Iskandar of Johor, was even represented.
Following the report, Mr Anwar said plans for the game were” a lie”.  ,
Inspector-General of Police Razarudin Husain announced last Friday that Malay police would also report a declaration from the editor of an unknown English news portal about the story.
According to Mr. Anwar,” We value the press freedom, but information may get based on facts.”
 ,” The data needs to be from credible resources. Especially, as this ( fuel subsidy ) is a matter of policy that requires the government to give notice and make an announcement”, he added.
” DESTABILISING CONDUCT” Fears of a wider issue that may involve the United States and other friends have increased as a result of China and the Philippines ‘ coastal clashes. The Philippines, the United States, Japan, and Australia’s defense ministers met in Hawaii on Monday and released a joint declarationContinue Reading
A South Asian studies university reported that, in addition to additional steps the nation is taking to strengthen his rule, North Koreans were asked to take commitment pledges on his holiday for the first time since Kim Jong Un took office in 2011. According to the South and North DevelopmentContinue Reading
After discovering unlawful dealing by two foreign companies in October, South Korea banned short selling of stocks on the local market and launched a special investigation to examine trading practices at different banks. In its interim investigation results released on Monday, the Financial Supervisory Service ( FSS) said it hadContinue Reading