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Malaysia to charge Top Glove over poor worker accommodation, government says
  + stars: | 2020-12-01 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
KUALA LUMPUR (Reuters) - Malaysia said on Tuesday it would file charges against Top Glove Corp because of poor worker accommodation provided by the world’s biggest maker of medical gloves. FILE PHOTO: A worker inspects newly-made gloves at Top Glove factory in Shah Alam, Malaysia August 26, 2020. REUTERS/Lim Huey Teng/File PhotoThe Labour Department, part of the Ministry of Human Resources, launched investigations into worker accommodation and hostels after last month’s COVID-19 outbreak at a Top Glove factory in an industrial area near the capital Kuala Lumpur. Top Glove said it was working to improve accommodation by Dec. 31, the end of a grace period for employers to meet new government rules on accommodation standards. Responding to comments by the Malaysian authorities about its accommodation, Top Glove said: “Efforts to source more accommodation and to improve existing worker accommodation are ongoing, in view of the large number of workers we employ.”It said it expected to complete this around Dec. 31.
Persons: Lim Huey Teng, Asri Ab Rahman, Organizations: Reuters, Corp, REUTERS, Labour Department, Ministry of Human Resources, Department of Labour Peninsular Malaysia, Malaysian Locations: KUALA LUMPUR, Malaysia, Shah Alam, Kuala Lumpur, United States
Malaysia will hold an election after coronavirus is over: PM
  + stars: | 2020-11-28 | by ( Joseph Sipalan | ) www.reuters.com sentiment -0.97   time to read: +1 min
FILE PHOTO: Malaysia's Prime Minister Muhyiddin Yassin poses for a picture at the parliament, in Kuala Lumpur, Malaysia November 26, 2020. Malaysia Information Department/Zarith Zulkifli/Handout via Reuters/File PhotoKUALA LUMPUR (Reuters) - Malaysia will hold a general election when the novel coronavirus pandemic is over, Prime Minister Muhyiddin Yassin said on Saturday, shortly after he averted a showdown by winning parliamentary support for his administration’s budget. “God willing, when COVID-19 is over, we will hold a general election,” Muhyiddin said in a speech at a virtual annual general meeting of his Bersatu party. Muhyiddin said he met UMNO President Ahmad Zahid Hamidi this week and they agreed to mend ties between their parties and avoid competing against each other when an election is called. Malaysia is facing a new wave of coronavirus infections, with cumulative cases rising more than four-fold since September to more than 60,000 as of Friday.
Persons: Muhyiddin Yassin, Zarith, , ” Muhyiddin, , Anwar Ibrahim, Muhyiddin, Ahmad Zahid Hamidi Organizations: Malaysia's, Malaysia Information Department, Reuters, United Malays National Organisation Locations: Kuala Lumpur, Malaysia, Handout, KUALA LUMPUR
Covid-19 Infections Surge at One of World’s Largest Medical Glove Makers
  + stars: | 2020-11-27 | by ( Jon Emont | Chester Tay | ) www.wsj.com sentiment -0.99   time to read: +1 min
Malaysia’s government this week counted 83 active clusters of infections connected to workplaces around the country, most prominently an industrial area that houses the world’s largest glove manufacturer. The company stopped work in at least 20 of its 41 factories in Malaysia and reduced operations at others, according to its statements. Outbreaks have also centered on a Kuala Lumpur construction site, which is linked to more than 1,500 infections, and a logistics company tied to dozens of cases in the nation’s south. Another cluster linked to factory work grew to more than 1,000 infections and has spread to three states in the country, according to the health ministry. By May, the country had eased restrictions on movement and joined the club of east Asian nations that have subdued the virus.
Persons: Malaysia’s Organizations: Corporation Bhd Locations: KUALA LUMPUR, Malaysia, Kuala Lumpur
Malaysia's PM Muhyiddin faces bellwether vote on 2021 budget
  + stars: | 2020-11-25 | by ( Joseph Sipalan | ) www.reuters.com sentiment -0.99   time to read: +2 min
FILE PHOTO: Malaysia's Prime Minister Muhyiddin Yassin speaks during opening remarks for virtual APEC Economic Leaders Meeting 2020, in Kuala Lumpur, Malaysia November 20, 2020. REUTERS/Lim Huey TengKUALA LUMPUR (Reuters) - Malaysia’s parliament will on Thursday decide whether to approve the government’s 2021 budget, in a vote that could decide Prime Minister Muhyiddin Yassin’s political future as the country grapples with a coronavirus-induced health and economic crisis. Malaysia’s saw its cumulative cases rise by over four-fold since September to nearly 60,000 on Wednesday, in the aftermath of an election in Sabah state in Borneo. On Tuesday, 20 members of the executive from his ruling coalition’s largest bloc, which is led by the United Malays National Organisation (UMNO) former ruling party, pledged support for Muhyiddin and his budget. But the premier faces dissent in UMNO, whose backing remains tenuous after former leader and Prime Minister Najib Razak attempted to broker conditional support for Anwar from among the party’s lawmakers.
Persons: Muhyiddin Yassin, Lim Huey, Muhyiddin, Anwar Ibrahim, Malaysia’s, Najib Razak, Anwar, , Adib Organizations: Malaysia's, APEC, REUTERS, Reuters, United Malays National Organisation Locations: Kuala Lumpur, Malaysia, KUALA LUMPUR, Sabah, Borneo
MH17 judges reject request to investigate alternative crash scenarios
  + stars: | 2020-11-25 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
AMSTERDAM (Reuters) - Judges hearing the case against four defendants in the 2014 downing of Malaysia Airlines flight MH17 over eastern Ukraine rejected on Wednesday a defence request for more time to investigate alternative explanations for the crash. The Dutch government holds Moscow responsible, and three Russians and a Ukrainian are on trial for murder. One, Russian Oleg Pulatov, is represented in court proceedings; the other three are being tried in absentia. Russia has always denied involvement and has promoted a range of alternative theories, which the investigators rejected as unsupported by evidence. He added the court would also like to hear from the other suspects -- Russians Sergey Dubinsky and Igor Girkin, and Ukrainian Leonid Kharchenko -- who have never cooperated with the court.
Persons: MH17, Russian Oleg Pulatov, Judge Hendrik Steenhuis, Steenhuis, Sergey Dubinsky, Igor Girkin, Leonid Kharchenko, Russia’s Organizations: Malaysia Airlines, Joint Investigation Locations: AMSTERDAM, Ukraine, Amsterdam, Kuala Lumpur, Dutch, Russian, Moscow, Ukrainian, Russia, Netherlands, Australia
Tech giants ask Malaysia PM to reinstate foreign ship cable waiver: report
  + stars: | 2020-11-24 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
Without this waiver, foreign vessels must apply for domestic shipping licensing exemption (DSLE), leading to longer repair times, the companies said in a letter to the Malaysian premier, which was cited by Malaysiakini in a report on Monday. “It does not project regulatory stability or a policy environment that is conducive to foreign investment,” the tech giants were quoted as saying by Malaysiakini. Transport Minister Wee Ka Siong told parliament on Tuesday the decision to lift the cabotage exemption takes into consideration the outflow of foreign money via freight payments. “The Transport Ministry’s responsibility is to protect the interests of Malaysians and foster the domestic shipping industry, this was not a unilateral decision,” Wee said. Foreign vessels can apply for a domestic shipping license to carry out services that cannot be met by domestic ships by using an electronic system, the minister added.
Persons: Malaysiakini, Wee Ka Siong, ” Wee Organizations: Reuters, Microsoft, Google, Facebook, Malaysia’s, Ministry, Malaysian, Transport Ministry, Malaysia Internet Exchange, Transport, Wee Locations: KUALA LUMPUR, Malaysian, Malaysia
Malaysia to close some Top Glove factories in stages amid virus outbreak
  + stars: | 2020-11-23 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
Slideshow ( 2 images )KUALA LUMPUR (Reuters) - Malaysia will close some of Top Glove’s factories in stages to screen its employees for COVID-19 after a big jump in coronavirus infections, a senior minister said on Monday. A total of 28 factories will be closed in stages after 1,889 Top Glove workers tested positive for the virus, Senior Minister of Security Ismail Sabri Yaakob. Top Glove is the world’s largest latex-glove maker and has seen record high profits this year as demand for medical gloves and protective gear skyrocketed due to the pandemic.
Persons: Ismail Sabri Yaakob Organizations: Reuters, COVID, Senior Locations: KUALA LUMPUR, Malaysia
Malaysia to shut some Top Glove factories in phases amid virus outbreak
  + stars: | 2020-11-23 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
Slideshow ( 2 images )KUALA LUMPUR (Reuters) - Malaysia will close some of Top Glove’s factories in stages as it moves to screen employees for coronavirus following a big jump in infections, a senior minister said on Monday. But as many as 28 of its network of more than 30 factories in the southeast Asian nation will be shut after 1,889 workers tested positive for the virus, from 5,794 screened, said Senior Security Minister Ismail Sabri Yaakob. “On the advice and risk evaluation of the health ministry, it is agreed that 28 of Top Glove factories be closed in stages,” Ismail said, so as to allow further screening and quarantine. Last week, the government ordered 14-day curbs through Nov. 30 in an area where Top Glove factories and dormitories are located. The company did not immediately respond to questions about details of the situation or the impact on production.
Persons: Ismail Sabri Yaakob, ” Ismail Organizations: Reuters Locations: KUALA LUMPUR, Malaysia,
In Malaysia's Sabah, pandemic rages as migrants flee testing
  + stars: | 2020-11-23 | by ( Rozanna Latiff | ) www.reuters.com + 0.00   time to read: +4 min
Sabah accounts for nearly half of Malaysia’s 54,775 recorded COVID-19 infections and over half its 335 deaths despite having barely a tenth of the Southeast Asian country’s population. But health officials fear the real picture could be much worse as people evade screenings in fear of detention or deportation. As of Nov. 17, nearly a fifth of the state’s infections involved foreigners, according to government data obtained by Reuters. The data included both documented and undocumented migrants. But the response has been lukewarm to say the least.”Malaysia’s crackdown on undocumented migrants since the start of the pandemic has also worsened fears among vulnerable communities, rights groups say.
Persons: Surau Al Falah, COVID, ” Ahmad Han, Masidi Manjun, ” Masidi, , they’re, Masidi, , Ahmad Kamil of, Al Falah Organizations: Reuters, Surau Al Falah Semporna Aid Agency, Handout, REUTERS, Tawau Locations: KUALA LUMPUR, Sabah, Malaysia, Malaysia’s Sabah, Borneo, Semporna, Philippines, Indonesia, COVID
Malaysia Airlines seeks aid from wealth fund Khazanah, creditor talks continue
  + stars: | 2020-11-21 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
An airport employee beside a Malaysia Airlines plane at Kuala Lumpur International Airport in Sepang, Malaysia, July 22, 2019. REUTERS/Lim Huey TengKUALA LUMPUR (Reuters) - Malaysia Airlines’ parent company has sought financial aid from its sole shareholder, the nation’s sovereign wealth fund, as debt restructuring talks with creditors drag on, the company said on Saturday. The group said it remains in talks for a restructuring and that it was targeting a commercial agreement in the first week of December. Malaysia Airlines is seeking to restructure after the COVID-19 pandemic forced it to slash operations. Chief Executive Izham Ismail told staff in a memo last month that the restructuring talks were taking longer than planned.
Persons: Lim Huey, Malaysia’s, Khazanah, lessors, Izham Ismail Organizations: Malaysia Airlines, REUTERS, Reuters, Malaysia Airlines ’, “ Malaysia Aviation Group Locations: Kuala Lumpur, Sepang, Malaysia, KUALA LUMPUR, Nasional
WASHINGTON (Reuters) - President Donald Trump, battered by back-to-back setbacks in his desperate bid to overturn the U.S. presidential election, persisted with claims of massive voter fraud on Saturday, two weeks after Democrat Joe Biden was declared president-elect. His campaign has not been able to provide any evidence for its claims of widespread and coordinated electoral fraud, however. “To effectuate this strategy, Defendants are openly seeking to disenfranchise Black voters, including voters in Detroit, Michigan,” said the lawsuit. PRESSURE TO START FORMAL TRANSITIONBiden, who has denounced Trump’s attempt to reverse the election results as “totally irresponsible”, was due to spend Saturday meeting with transition advisers. Senior Republicans have remained largely silent about Trump’s unsubstantiated claims of election fraud or have defended his right to seek redress, but pressure was building after several voiced doubts on Friday.
Persons: Donald Trump, Democrat Joe Biden, Lim Huey Teng Trump, Biden, Brad Raffensperger, Trump, Mike Shirkey, Lee Chatfield, , ” Trump, , Trump’s, Rudolph Giuliani Organizations: WASHINGTON, Democrat, APEC, REUTERS, Republican, Democratic, Georgia, , Twitter, Trump, Electoral, Detroit, Wayne, Senior Republicans, General Services Administration Locations: Kuala Lumpur, Malaysia, Georgia, Michigan, ” Michigan, Pennsylvania, Detroit, Detroit , Michigan, Wayne County
U.S. President Donald Trump is seen on a screen attending the virtual APEC Economic Leaders Meeting 2020, in Kuala Lumpur, Malaysia November 20, 2020. His campaign has not provided evidence for its claims of widespread and coordinated electoral fraud. “Massive voter fraud will be shown!” Trump wrote on Twitter. Senior Republicans have remained largely silent about Trump’s unsubstantiated claims of election fraud or have defended his right to seek redress, but several voiced doubts on Friday. The single-day death toll surpassed 2,000 this week for the first time since late June, according to a Reuters tally.
Persons: Donald Trump, Democrat Joe Biden, Lim Huey Teng, Biden, Trump, , ” Trump, Brian Kemp, counterprotest, “ Defendants, , Trump’s, ” Biden, Rudolph Giuliani Organizations: WASHINGTON, Democrat, U.S, APEC, REUTERS, Republican, Republican National Committee, Michigan Republican Party, Department of State, Republicans, Democrats, Michigan, Twitter, Democratic, Georgia, Trump, statehouse, Electoral, Detroit, Senior Republicans, General Services Administration, Public, Reuters Locations: Michigan, Kuala Lumpur, Malaysia, Wayne County, Black, Detroit, Washington, Georgia, Atlanta, Pennsylvania, Sterling , Virginia
Asia Pacific leaders have called for more open and multilateral trade to support the economic recovery, and warned against protectionist trade policies such as those introduced by Trump since 2017. Other Asia Pacific leaders have also expressed hope that a Joe Biden administration would engage more and support multilateral trade. The United States is also absent from the world’s largest free-trade bloc, the Regional Comprehensive Partnership Agreement (RCEP) - a 15-nation pact backed by China that was signed last week. The only time he has joined an APEC summit - held annually - was in 2017. Trump also missed two virtual Asia meetings last week: the 10-member Association of Southeast Asian Nations (ASEAN) summit and the broader East Asia Summit.
Persons: Donald Trump, Xi Jinping, Trump, Jacinda Ardern, Xi, , Joe Biden Organizations: Reuters, Asia Pacific, Economic Cooperation, Trump, APEC, , Zealand, Pacific, Regional Comprehensive, Association of Southeast Asian Nations, East Asia Summit Locations: KUALA LUMPUR, Asia, Malaysia, United States, China, Chile, Bogor
Slideshow ( 4 images )KUALA LUMPUR (Reuters) - Asia Pacific leaders on Friday put aside differences over trade to endorse their first joint communique in three years, calling for free and predictable trade to help support a global economy battered by the coronavirus pandemic. Leaders of the 21-nation Asia-Pacific Economic Cooperation (APEC), who included U.S. President Donald Trump and China’s President Xi Jinping, also said they would not resort to protectionist trade policies. The joint statement, issued after a virtual summit hosted by Malaysia, comes amid ongoing trade tensions between the world’s two largest economies, the United States and China. “APEC has also pledged to refrain from backtracking and resorting to protectionist measures to keep markets and borders open,” he said. In the joint communique, the leaders said they recognised “the importance of a free, open, fair, non-discriminatory, transparent and predictable trade and investment environment” to drive growth during the crisis.
Persons: Donald Trump, Xi Jinping, Muhyiddin Yassin, Organizations: Reuters, Asia Pacific, Economic Cooperation, China’s, U.S ., Malaysian, APEC Locations: KUALA LUMPUR, Asia, Malaysia, United States, China, U.S, Chile
Participants of the virtual APEC Economic Leaders Meeting 2020 are seen on a screen, in Kuala Lumpur, Malaysia November 20, 2020. In the communique, the leaders said they recognised “the importance of a free, open, fair, non-discriminatory, transparent and predictable trade and investment environment” to drive growth during the crisis. It said Trump and APEC leaders had endorsed the APEC Putrajaya Vision 2040 “that will make free and fair trade the focus of the APEC agenda for the next two decades”. In his remarks on Friday, Xi called for free and open trade and investment, and support for multilateralism. BIGGEST CHALLENGEBefore the meeting, several APEC leaders warned against protectionism and expressed hope that a Biden administration will engage more and support multilateral trade.
Persons: Lim Huey, Donald Trump, Xi Jinping, Muhyiddin Yassin, , Trump, Joe Biden, Trump’s, Xi, , Biden, Jacinda Ardern, Lee Hsien Loong, Chris Coons Organizations: Reuters, Asia Pacific, APEC, REUTERS, Lim Huey Teng, Economic Cooperation, China’s, U.S ., Malaysian, Association of Southeast Asian Nations, ASEAN, Regional Comprehensive, multilateralism, Trans, Pacific, Pacific Partnership, , Zealand, Singapore, U.S Locations: KUALA LUMPUR, Kuala Lumpur, Malaysia, Asia, U.S, China, United States, Chile, COVID, APEC Putrajaya, Pacific,
KUALA LUMPUR (Reuters) - A virtual summit of Asia Pacific leaders started on Friday with U.S. President Donald Trump and his Chinese counterpart Xi Jinping in attendance to discuss the coronavirus crisis and global economic recovery amid lingering trade differences. A view shows virtual APEC Economic Leaders Meeting 2020, in Kuala Lumpur, Malaysia November 20, 2020. Asia Pacific leaders have called for more open and multilateral trade to support the economic recovery and warned against protectionist trade policies, with Xi saying unilateralism has added to global economic risks. The only time he has joined an APEC summit - held annually - was in 2017. Trump also missed two virtual Asia meetings last week: the 10-member Association of Southeast Asian Nations (ASEAN) summit and the broader East Asia Summit.
Persons: Donald Trump, Xi, Lim Huey Teng, Trump, unilateralism, Muhyiddin Yassin, ” Muhyiddin, Jacinda Ardern, Yoshihide Suga, Vladamir Putin, Justin Trudeau, ” Ardern, Joe Biden Organizations: Reuters, Asia Pacific, U.S, APEC, REUTERS, Economic Cooperation, Trump, Malaysian, New Zealand, Canadian, Pacific Partnership, Regional Comprehensive, Association of Southeast Asian Nations, East Asia Summit Locations: KUALA LUMPUR, Asia, Kuala Lumpur, Malaysia, United States, China, Russian, Chile, Bogor
A screenshot shows participants of the virtual APEC Economic Leaders Meeting 2020 pose for a family picture, in Kuala Lumpur, Malaysia November 20, 2020. APEC Economic Leaders Meeting Malaysia 2020/Handout via ReutersLeaders of the 21-nation Asia-Pacific Economic Cooperation (APEC), who included U.S. President Donald Trump and China’s President Xi Jinping, also said they would not resort to protectionist trade policies. “The impact of (the U.S.-China) trade war has been eclipsed by the COVID-19 pandemic,” Malaysian Prime Minister Muhyiddin Yassin told reporters after the leaders’ meeting. Xi, in his remarks, called for free and open trade and investment, and support for multilateralism. Trump had pulled the United States out of the Trans-Pacific Partnership trade pact, the predecessor to CPTPP.
Persons: Donald Trump, Xi Jinping, Muhyiddin Yassin, , Trump, , Joe Biden, Jacinda Ardern, Lee Hsien Loong, Biden Organizations: Reuters, Asia Pacific, APEC, Economic Cooperation, China’s, U.S ., Malaysian, Trans, Pacific, Pacific Partnership, , Zealand, Singapore, Regional Comprehensive, Association of Southeast Asian Nations Locations: KUALA LUMPUR, Kuala Lumpur, Malaysia, Asia, United States, China, U.S, Chile
A screenshot shows participants of the virtual APEC Economic Leaders Meeting 2020 pose for a family picture, in Kuala Lumpur, Malaysia November 20, 2020. The only time he has joined an APEC summit - held annually - was in 2017. Xi, in his remarks, called for free and open trade and investment, and support for multilateralism. Trump had pulled the United States out of the Trans-Pacific Partnership trade pact, the predecessor to CPTPP. BIGGEST CHALLENGEBefore the meeting, several APEC leaders warned against protectionism and expressed hope that a Biden administration will engage more and support multilateral trade.
Persons: Donald Trump, Xi Jinping, Muhyiddin Yassin, , Trump, Joe Biden, Larry Kudlow, , Biden, Jacinda Ardern, Lee Hsien Loong Organizations: Reuters, Asia Pacific, APEC, Economic Cooperation, China’s, U.S ., Malaysian, Association of Southeast Asian Nations, COVID, multilateralism, Trans, Pacific, Pacific Partnership, , Zealand, Singapore, Regional Comprehensive Locations: KUALA LUMPUR, Kuala Lumpur, Malaysia, Asia, U.S, China, United States, Chile
China's President Xi Jinping speaks during a CEO Dialogue forum via video link, ahead of the Asia-Pacific Economic Cooperation (APEC) leaders' summit, hosted by APEC Malaysia, November 19, 2020. The APEC leaders’ meeting comes as economies are trying to recover from the impact of the coronavirus pandemic and days after Trump lost his bid for a second term. Slideshow ( 4 images )‘MORE SUPPORTIVE’Singapore Prime Minister Lee Hsien Loong told the APEC forum he expected “more multilateralists” in the Biden administration. Lee also said U.S. trade policies under Trump had weighed on APEC’s progress in recent years, which he termed “very slow”. Trump’s “America First” approach saw the United States withdrawing from the Trans-Pacific Partnership agreement in 2017.
Persons: Joe Biden, Xi Jinping, Donald Trump, ” Xi, , , Xi, Trump, Biden, multilateralism, Barack Obama’s, Lee Hsien Loong, Lee, ” Lee, Trump’s, Muhyidin Yassin Organizations: Reuters, Economic Cooperation, APEC Malaysia, REUTERS, U.S, APEC, Trump, Singapore, WTO, Pacific, Pacific Partnership, Trans, Regional Comprehensive, Malaysian Locations: KUALA LUMPUR, Asia, Pacific, United States, MALAYSIA, Kuala Lumpur, “ China, China
Malaysia declares emergency in eastern region to stop polls amid pandemic
  + stars: | 2020-11-18 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
KUALA LUMPUR (Reuters) - Malaysia’s king on Wednesday declared a state of emergency in a parliamentary constituency in the eastern state of Sabah to prevent a by-election being held there, citing fears that it could lead to a fresh coronavirus outbreak. Sabah, on Borneo island, has been worst-hit by the recent jump, reporting nearly half of the country’s infections, most of which were linked to an election held there in September. The Batu Sapi by-election was originally set to be held on Dec. 5, following the death of a lawmaker last month. Under Malaysia’s constitution, an election must be called within 60 days of a seat being vacated. Neither Muhyiddin nor the king stated whether future by-elections could be similarly postponed, after two state and parliamentary lawmakers died in the past week.
Persons: King Al, Sultan Abdullah, Muhyiddin Yassin, Muhyiddin Organizations: Reuters, Wednesday Locations: KUALA LUMPUR, Sabah, Borneo, Batu Sapi
China's Xi to take spotlight at Asia-Pacific summit in Trump's absence
  + stars: | 2020-11-18 | by ( Joseph Sipalan | ) www.reuters.com sentiment -0.95   time to read: +2 min
KUALA LUMPUR (Reuters) - Fresh from the success of creating the world’s largest free trade region, China’s President Xi Jinping will be among the speakers on Thursday heralding a Asia-Pacific virtual summit that U.S. President Donald Trump has decided to skip. FILE PHOTO: China's President Xi Jinping speaks while taking part in an event marking the 70th anniversary of the Chinese People's Volunteer Army's participation in the Korean War at the Great Hall of the People in Beijing, China October 23, 2020. The one and only APEC summit Trump attended was hosted by Vietnam in 2017. Xi and other APEC member leaders are set to speak at a chief executives’ conference starting Thursday, ahead of Friday’s summit. But the proposals will need to reach consensus at Friday’s summit, with some critics questioning the bloc’s relevance.
Persons: Xi Jinping, Donald Trump, Carlos Garcia Rawlins, Joe Biden, Stephen Biegun, Azmin Ali, Organizations: Reuters, Volunteer, of, People, REUTERS, Comprehensive Economic, Economic Cooperation, Malaysia, APEC, Trump, Malaysian Trade Locations: KUALA LUMPUR, Asia, Pacific, Beijing, China, United States, Vietnam, U.S, Chile, Friday’s
Malaysia's Najib seeks to depose Goldman Sachs, ex-banker in 1MDB defence
  + stars: | 2020-11-18 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
FILE PHOTO: Former Malaysian Prime Minister Najib Razak speaks during an interview with Reuters in Slim River, Malaysia August 23, 2020. REUTERS/Lim Huey TengKUALA LUMPUR (Reuters) - Former Malaysian prime minister Najib Razak asked a U.S. court on Tuesday for permission to seek documents and testimony from investment bank Goldman Sachs to help in his defence against criminal charges in Malaysia over the 1MDB financial scandal. In a court filing in New York, Najib said Goldman Sachs and its former Southeast Asia chairman, Tim Leissner, probably had evidence that 1MDB officials schemed to defraud the fund and were now falsely implicating him to avoid responsibility. A Goldman Sachs spokesman declined to comment, as did a lawyer for Leissner. Leissner pleaded guilty to conspiracy to launder money and conspiracy to violate the Foreign Corrupt Practices Act in 2018.
Persons: Najib Razak, Lim Huey, Goldman Sachs, Najib, Goldman, Tim Leissner, schemed, Leissner, ” Najib Organizations: Malaysian, Reuters, REUTERS, U.S . Justice, 1Malaysia Development, Southeast, Saudi, Leissner, 1MDB Locations: Slim River, Malaysia, KUALA LUMPUR, Malaysian, New York, Southeast Asia, United States
Malaysia's Najib Razak seeks to depose Goldman Sachs, ex-banker in 1MDB defense
  + stars: | 2020-11-18 | by ( ) www.cnbc.com sentiment -0.99   time to read: +2 min
Najib Razak, Malaysia's former prime minister, gestures as he departs from the Kuala Lumpur Courts Complex in Kuala Lumpur, Malaysia, on Tuesday, July 28, 2020. Former Malaysian Prime Minister Najib Razak asked a U.S. court on Tuesday for permission to seek documents and testimony from investment bank Goldman Sachs to help in his defense against criminal charges in Malaysia over the 1MDB financial scandal. In a court filing in New York, Najib said Goldman Sachs and its former Southeast Asia chairman, Tim Leissner, probably had evidence that 1MDB officials schemed to defraud the fund and were now falsely implicating him to avoid responsibility. A Goldman Sachs spokesman declined to comment, as did a lawyer for Leissner. Leissner pleaded guilty to conspiracy to launder money and conspiracy to violate the Foreign Corrupt Practices Act in 2018.
Persons: Najib Razak, Goldman Sachs, Najib, Goldman, Tim Leissner, schemed, Leissner Organizations: Malaysian, U.S . Justice, 1Malaysia Development, Southeast, Saudi, Leissner, 1MDB Locations: Kuala Lumpur, Malaysia, New York, Southeast Asia, United States
It sells ice cream in 63 countries around the world and commands almost a fifth of global ice cream sales, a bigger share than its next four competitors combined, according to market research firm Euromonitor. Chances are, while reading this article you're no more than a few hundred yards away from a Unilever ice cream. "That really revolutionized the ice cream industry, but also our ice cream business," Close told CNN Business. "You've got hot things, cold things, things that are at funny angles, things that like water, things that hate water. Euromonitor estimates that online sales of ice cream, including frozen yogurt, will reach around $1.7 billion this year — a small fraction of the $76.4 billion in overall ice cream sales to consumers.
Persons: Thomas Wall, Wall's, Lever, Jerry's, Carte d'Or, There's, Italy's, Australia's Weis, you've, Mills, Matt Close, grownups, That's, Andrew Sztehlo, You've, Chris Veitch, Veitch, Sztehlo, Willy Wonka, we've, Euromonitor, Uber, lockdowns, it's, We've Organizations: Sons, Lever Brothers, Unilever, CNN Business, of Chemical Engineers, Deliveroo's London, Terra, Unilever Global, Ben, Netflix, Carte d'Or Locations: London, United States, Klondike, Spain, Adityaa, India, Holanda, Mexico, Langnese, Germany, Selecta, Philippines, Ola, South Africa, Pingüino, Ecuador, United Kingdom, Ireland, Bangkok, Thailand, Konya, Turkey, Deliveroo's, Kuala Lumpur, Malaysia, Carte, New York
KUALA LUMPUR (Reuters) - Malaysia’s central bank provided a rosier growth outlook for 2021 after the economy suffered a smaller contraction in the third quarter, but said it would continue to help households and businesses withstand the fallout of the COVID-19 pandemic. REUTERS/Lim Huey TengGross domestic product fell 2.7% in July-September, smaller than the 3.2% decline forecast in a Reuters poll and showing a marked improvement on the 17.1% slump in the second quarter. The central bank said 125 basis points worth of rate cuts this year would support 2021 growth, but that it would continue to make “policy support and assistance” available. The BNM also revised its 2021 projections, raising the midpoint growth forecast to 7% from an earlier average of 6.75%. Barclays said it expected the central bank to leave rates unchanged throughout 2021, with a low risk of a 25 basis point cut.
Persons: Lim Huey Teng, , Nor Shamsiah Mohd Yunus, Alex Holmes Organizations: Reuters, REUTERS, Bank Negara Malaysia, Gross, Barclays, Capital Economics Locations: KUALA LUMPUR, Kuala Lumpur, Malaysia, Bank, COVID, , Asia
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