Archive for December 24th, 2018

US-Philippines friendship rings stronger in 2018

24-Dec-2018 Intellasia | Philstar | 6:00 AM

Mabuhay Pilipinas! The holiday season is a time of celebration and reflection. Looking back over the past 12 months, 2018 was a fantastic year for the US-Philippines [...]
» More

World Bank downgrades Philippines forecasts

24-Dec-2018 Intellasia | Phil Star | 6:00 AM

The World Bank has downgraded its growth forecasts for the Philippines this year and next on assumptions of a reenactment of the national budget in the first quarter and [...]
» More

US reaffirms security commitment to Philippines

US reaffirms security commitment to Philippines

24-Dec-2018 Intellasia | Phil Star | 6:00 AM

Washington has reaffirmed its security commitment to the Philippines under the 1951 Mutual Defense Treaty, which some officials wanted reviewed over what they thought was its [...]
» More

Philippines ready to protest China’s actions in West Philippine Sea  Lorenzana

Philippines ready to protest China’s actions in West Philippine Sea Lorenzana

24-Dec-2018 Intellasia | Phil Star | 6:00 AM

Defense Secretary Delfin Lorenzana said the government would protest any action of China that would be deemed inconsistent with the Philippines’ national interest. [...]
» More

Thailand has the greatest wealth gap in the world: Report

24-Dec-2018 Intellasia | Aljazeera | 6:00 AM

The widening global wealth gap has sparked social unrest in many parts of the world. It’s raising particular concern in Thailandafter one survey named the country as [...]
» More

Thailand woos Chinese investment for major industrial revamp

24-Dec-2018 Intellasia | China Dialogue | 6:00 AM

The government wants to transform the country’s eastern provinces with a new growth corridor, reports Paritta Wangkiat The Thai government has ambitious plans to [...]
» More

Indonesia Establishes Military Base in South China Sea, but for What Purpose?

Indonesia Establishes Military Base in South China Sea, but for What Purpose?

24-Dec-2018 Intellasia | Sputnik News | 6:00 AM

Indonesia this week has opened a military base at the southern edge of the South China Sea. The base is planned to house 1,000 troops. Sputnik has delved into the underlying [...]
» More

In Indonesia, splits emerge over efforts to stem plastic tide

24-Dec-2018 Intellasia | Reuters | 6:00 AM

As Indonesia struggles with mountains of plastic waste going into landfill and polluting its rivers and oceans, business groups are pushing to overturn restrictions on [...]
» More

Indonesia gains majority ownership of giant Freeport mine

24-Dec-2018 Intellasia | AP | 6:00 AM

Indonesia finalised the transfer of majority control over a giant gold and copper mine from US company Freeport-McMoRan, the government said Friday, in a long-awaited deal [...]
» More

Najib: Call it GuanEng50 or Maszlee50, just don’t scrap ADAM50

24-Dec-2018 Intellasia | Malay Mail | 6:00 AM

Datuk Seri Najib Razak today said he is willing to see his brainchild, the Amanah Dana Anak Malaysia 2050 (ADAM50) trust fund, rebranded as “GuanEng50″, [...]
» More

Ringgit’s decline may be due to current political instability in Malaysia

24-Dec-2018 Intellasia | The Independent | 6:00 AM

Malaysia’s ringgit has been in a steady decline this year, with some analysts saying the weakening of the currency may continue until 2019. Last April, the value of the [...]
» More

HSBC gets nod to sell Malaysia unit stake to FWD

24-Dec-2018 Intellasia | Reuters | 6:00 AM

HSBC Holdings’ Asia-Pacific insurance unit has received regulatory approval to divest its 49 per cent stake in the Malaysian life insurance joint venture to Hong [...]
» More

Malaysia’s UMNO to reorganise, restructure party

24-Dec-2018 Intellasia | Bernama | 6:00 AM

The United Malays National Organisation (UMNO) will reorganise and restructure the party’s operations in an effort to strengthen the party after several of its leaders [...]
» More

Malaysia seeks $7.5 billion in reparations from Goldman Sachs: FT

Malaysia seeks $7.5 billion in reparations from Goldman Sachs: FT

24-Dec-2018 Intellasia | Reuters | 6:00 AM

Malaysia is seeking $7.5 billion in reparations from Goldman Sachs Group Inc (GS.N) over its dealings with scandal-linked state fund 1MDB, the Financial Times reported on [...]
» More

Investors sue Goldman Sachs as 1MDB scandal wipes billions off share value

24-Dec-2018 Intellasia | Malay Mail | 6:00 AM

A class action suit has been filed against US investment bank Goldman Sachs over its alleged complicity in the 1MDB corruption scandal. According to the Bloomberg news [...]
» More