Chinese American gangster transformed cartel money laundering

This story was first published by ProPublica, a Pulitzer Prize-winning investigative newsroom. In 2017, US Drug Enforcement Administration agents following the money from cocaine deals in Memphis, Tennessee, identified a mysterious figure in Mexico entrusted by drug lords with their millions: a Chinese American gangster named Xizhi Li. As the agents tracked Li’s activity across […]Continue Reading

Xi Jinping’s third term: Growing assertiveness in the South China Sea and what’s on the horizon

MASSIVE EXPANSION OF OUTPOSTS China’s expansive claims in the disputed waters preceded Mr Xi’s time in top office.  Beijing insists it has “historical rights” as Chinese activities in the South China Sea “dated back over 2,000 years”. It reaffirms its sovereignty claim and related rights in the vital waterway withContinue Reading

Penjana Kapital partners Sea to co-organise 8th Capital Connections Forum

Penjana flagship programme to stimulate Malaysian economy Dynamic change in retail provides unique opportunity for startups Penjana Kapital Sdn Bhd, an agency under the purview of the Ministry of Finance, partnered with Sea Limited (Malaysia) (Sea) to co-organise the 8th installation of Capital Connections in an effort to cultivate a vibrant…Continue Reading

Axiata among first three telcos globally to achieve TM Forum’s ‘Running on ODA’ Status

Recognition of Axiata’s global industry leadership and execution capability
Able to assist other telco groups in their digital transformation journeys Axiata Group Bhd, one of Asia’s leading telco groups serving over 163 million subscribers, announced today that it had been named by the TM Forum as one of the first three telcos…Continue Reading

Singapore dollar the world’s other safe haven

SINGAPORE – In the latest salvo in its fight against inflation, Singapore’s central bank tightened monetary policy on Friday (October 14), allowing the national dollar to appreciate to curb domestic cost pressures in a move likely to bolster the currency’s increasingly favored status as it demonstrates resilience against the fast-appreciating US dollar. The Monetary Authority of Singapore (MAS) […]Continue Reading

China-indebted Laos way more broke than advertised

Laos’ public debt could climb to nearly 95% of GDP by the end of 2022, making it one of the most heavily indebted and mostly likely to default nations in Asia, according to World Bank estimates published this month Significantly, the World Bank’s already dire debt figures do not encompass all of the small Southeast […]Continue Reading