Honda and Nissan merger talks: What’s at stake

Nissan and Japanese automaker Honda will officially begin discussions on a acquisition to increase their standing in the field of electric vehicles, where Chinese brands are vying for supremacy. At the same time, Chinese technology behemoth Foxconn has approached France’s Renault to get its huge interest in Nissan, according toContinue Reading

Malaysian police launch probe on PAS president Abdul Hadi Awang over comments on Pedra Branca issue

Mahathir Mohamad was given a fugitive investigation on December 5 by the Malaysian Royal Commission of Inquiry (RCI) over his decision to abandon says over Pedra Branca and South Ledge in the Singapore Strait during his second term as prime minister. &nbsp,

The RCI is a fact-finding figure that was set up by the king on Cabinet recommendations. It looks into matters of” extensive public value” and discussion. These include the actions of government officials, public assistance organizations, or any other problem involving public welfare.

When Mahathir took office, when Malaysia dropped its challenge to a 2008 ICJ decision that Singapore had sovereignty over the Pedra Branca island, prime minister Anwar Ibrahim had in January demanded a review of the government’s selection. &nbsp,

In 2017, Malaysia had sought to have the decision overturned, while also seeking explanation from the Judge on the reputation of another archipelago, South Ledge.

Pedra Branca is a topic that dates back to 1979, when Malaysia published a chart that indicated the area was within Malaysia’s territorial waters. On 44 kilometers south of mainland Singapore, Pedra Branca is situated close to the eastern entrance of the Singapore Strait.

The ICJ decided in 2008 that Middle Rocks belongs to Malaysia and Pedra Branca belongs to Singapore. Additionally, it established that South Ledge is a property of the condition in which state’s regional waters are located.

In a report released earlier this month, the RCI recommended that the 99-year-old Mahathir been questioned for lying and causing false accusations in response to the dropped claims, citing his obligations as prime minister to safeguard and protect Malaysia’s interests and independence. &nbsp,

Responding to the review, Mahathir said that the decision was certainly made formally. He claimed it was a group decision in the 2018 Cabinet that even involved former deputy prime minister Wan Azizah Wan Ismail, Deputy Prime Minister Anthony Loke, Deputy Prime Minister Wan Azizah Wan Ismail, and Amanah president Mohamad Sabu.

In Anwar’s unity government, Loke is the country’s current transport secretary, while Mohamad Sabu is the country’s minister of agriculture and food safety. &nbsp,

The group claimed, however, that they were never asked about the decision, and that Malaysia’s decision to withdraw the application was made public on May 23, 2018, just before the first Cabinet meeting.

Prior to now, Mahathir thought that the proposal for a criminal investigation was a move to tarnish his reputation.

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Malaysia to resume search for missing flight MH370

More than ten years after Malaysia’s Flight MH370 disappeared in one of the world’s biggest aviation mysteries, Malaysia’s transport minister announced on Friday ( Dec 20 ) that the country had agreed in principle to resume the search. According to Anthony Loke, the proposed research area is based on professionalContinue Reading

Malaysia to resume search for wreckage of missing flight MH370

Malaysia’s transport minister said on Friday ( Dec 20 ) that it has agreed in principle to resume the search for Malaysian Airlines flight MH370, which disappeared in one of the greatest aviation mysteries ever.

Aircraft MH370, a Boeing 777 carrying 227 people and 12 staff, vanished en route from Kuala Lumpur to Beijing on Mar 8, 2014.

Transportation Minister Anthony Loke stated that Ocean Infinity, which had also conducted the previous research for the planes that ended in 2018, made the suggestion to seek a new place in the southern Indian Ocean.

The company will collect US$ 70 million if aircraft found is substantial, Loke told a press meeting.

The next of kin is our duty, obligation, and commitment, he said.

” We hope this time may be good, that the aircraft may be found and offer closure to the households”.

The transport department is reportedly negotiating ultimate terms with the US-based company and is anticipated to complete it by the start of the year. &nbsp,

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Political turmoil in South Korea hits already-slowing economy, puts damper on year-end festivities

LESS IMPACT THAN PREVIOUS IMPEACHMENT

In a new study, almost half of the 500 small business owners and self-employed people in the hospitality and food services sectors reported losses as a result of the uncertainty in the political climate.

The Korea Federation of Small and Medium Enterprises conducted the poll last year.

Some experts believe that the current political unrest may have a smaller impact on the economy than the one caused by Park Geun-hye’s impeacher in 2016.

” Although the market is unstable, we have experienced that it recovers when political volatility is resolved”, said Professor Jin Hyun-joung from Joongang University’s School of Economics.

” Compared to the former president Park Geun-hye’s impeachment period, the treatment seems to have been quicker this occasion, which suggests that consumers may have been less adversely impacted than they were then.”

He anticipates that the social uncertainty’s impact on the economy will ease as soon as next month, but he also anticipates that the gloomy development outlook will last a while.

Global supply chain problems, US-China business issues, rising prices and other factors were now causing the market to gain momentum, he pointed out.

Institutions like the Hyundai Research Institute and the OECD ( Organisation for Economic Co-operation and Development ) had been lowering growth forecasts for Korea before this ( declaration of martial law ), he continued.

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Former Hong Kong actress Amy Yip to open a ‘durian hotel’ in Penang with Jack Neo as creative director

Neo has even been&nbsp, invited to offer as the restaurant’s creative director. He will use his artistic skills from his movie career to include visual aesthetics into the hotel’s design to create a unique lodging experience.

While Neo admits conceptualising the” Durian Hotel” will be challenging, it is” not too difficult”.

When shooting 2023 drama The King Of Musang King, he realised fruit as a design “offer unlimited creative options”.

He said that durians represent presence, splendor, and fragrance, and believes the fruit deserves a higher visual status beyond being viewed merely as food:” I see giving durians a more enhanced status. I’ve gathered a lot of evidence to illustrate how fruit may transform into abstract craft.

Neo revealed that interested parties have already contacted him about extending the concept to Pahang even though the” Durian Hotel” is still in the planning stages.

He also did not oppose returning the notion to Singapore, despite noting the high cost of land here.

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What challenges lie ahead for Macao as it marks 25 years of Chinese rule?

TACKLING SOCIAL Disparity

Coutinho stated to CNA that he also wants more stringent laws to be developed to address cultural injustice.

” We have already witnessed a huge and growing inequality here since the COVID ( pandemic ) epidemic. Inequality is a very significant matter to remain tackled”, he added.

” We are currently addressing these concerns with the government’s policies, such as subsidizing, providing direct grants to the poor people and the middle-income,” the statement continued.

Social service organizations like Caritas Macau predicted that more individuals would need assistance, particularly the older and migrant workers.

Under the direction of the Chinese central government, the Macao officials have been placing a solid emphasis on social security since the state’s handover to China in 1999. &nbsp,

Through programs like food bank handouts and elder care services, Caritas, which has been providing assistance to poor residents for more than 40 years, helps at least 10,000 people each year.

” Macao has 170, 000 migrant workers, among them more than 70, 000 are non-Chinese talking. They require our assistance because they are incredibly diverse and need it. However, our support to them is extremely limited”, said Caritas ‘ secretary-general Paul Pun.

” Fundamentally, there’s no social security or financial aid for them”.

Some citizens believe that the authorities should work to promote a society that is both abundant with Chinese and Portuguese heritage and pursuing higher economic growth.

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