Daily Archives: 2019-05-16

Malaysia arrests suspected militants over IS plots

Three militants inspired by the Islamic State group have been arrested in Malaysia, accused of planning attacks on non-Muslim places of worship in the country and neighbouring Indonesia, police said Thursday. The suspects are thought to have links to a wider IS-inspired cell, some of whose members were detained last week in Malaysia. Malaysia and Indonesia, both Muslim-majority countries, are …

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The painful lessons of Ceasescu’s Romania

by Brad Bowyer Following yesterday’s article, this is for the many who asked me about Romanian History. I have compiled this summary and highlights from the many online sources but you can google for deeper study and more details. Nicolae Ceausescu and his wife Elena ruled the country for 24 years, from 1965 until 1989 and generally, historians present the …

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Temasek investee company Bayer loses 3rd trial – 13k more cases pending

Bloomberg reported on Tue (14 May) that Bayer AG was ordered to pay more than US$2 billion in damages to a Californian couple that claimed they got cancer as a result of using its Roundup weedkiller for about three decades. The jury agreed that Alva and Alberta Pilliod’s exposure to Roundup used for residential landscaping was a “substantial factor” in …

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Singapore-based maritime carrier PIL received loans from Temasek Holdings last year, sovereign wealth fund holds shares in company as collateral

Singapore-based maritime containerline Pacific International Lines (PIL) received “previously unreported loans” from the Republic’s sovereign wealth fund Temasek Holdings in the form of hedge funds last year. Citing world maritime news platform Alphaliner‘s latest weekly report, international maritime and shipping news platform Splash 24/7 added that in return, PIL, the 10th largest ocean carrier globally, had pledged its shares to …

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Third potential white knight investor for Hyflux makes non-binding letter of intent for overseas assets

Debt-laden water treatment firm and genco Hyflux has received yet another non-binding letter of intent from its third potential white knight investor, which has yet to be named. The company revealed the development in a Singapore Exchange announcement yesterday afternoon (15 May), during which it indicated that the potential new investor is the one of the top 10 largest desalination …

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