PUTRAJAYA (AFP) - A US$35 million (S$48.2 million) private jet owned by a playboy financier at the centre of a Malaysian corruption mega-scandal will be returned to the country as soon as possible, Prime Minister Mahathir Mohamad said on Monday (Aug 13). The plane, thought to currently be in Singapore, is the latest asset Malaysia is seeking to claw back that was allegedly bought by businessman Low Taek Jho with money looted from sovereign wealth fund 1MDB. Last week a US$250 million superyacht allegedly owned by the financier, an adviser to 1MDB often referred to as Jho Low, was returned to Malaysia after being impounded by authorities in Indonesia. Allegations that huge sums were plundered from 1MDB contributed to the shock election defeat in May of former premier Najib Razak, who set up and oversaw the fund. Tun Mahathir said that Mr Low's Bombardier Global 5000 jet would be returned to Malaysia "as soon as possible", but that it would need to be serviced first as it had been … [Read more...] about Luxury jet linked to 1MDB to return to Malaysia as soon as we can make it fly: Mahathir
China to malaysia
Malaysia's Mahathir calls on China to respect passage in South China Sea (philstar.com) - August 13, 2018 - 4:55pm MANILA, Philippines — Malaysian Prime Minister Mahathir Mohamad stressed his position on the South China Sea dispute amid Beijing's expanding militarization of artificial islands in the region. In an interview with The Associated Press, the 93-year-old Malaysian leader called on China to respect the free movement of ships throughout the South China Sea. "We are all for ships, even warships, passing through, but not stationed here," Mahathir told AP. "It is a warning to everyone. Don't create tension unnecessarily," he added. China and several Southeast Asian countries, including the Philippines, have overlapping claims on islands and reefs in the South China Sea. Beijing claims almost the entire South China Sea under its so-called nine-dash line claim, which a United Nations-backed tribunal invalidated in … [Read more...] about Malaysia’s Mahathir calls on China to respect passage in South China Sea
KUALA LUMPUR: Bilateral trade between Malaysia and China is expected to exceed US$100 billion (RM399.75 billion) this year, higher than the US$96 billion chalked up in 2017, said China's ambassador to Malaysia, Bai Tian. He said bilateral trade between the two nations grew 14.7% to US$42.7 billion in the first five months of this year compared with the same period last year. "Imports from China to Malaysia accounted for US$18 billion, while exports to China stood at US$25 billion. "If this momentum sustains, I am confident that this year, the bilateral trade volume between both countries will go beyond US$100 billion. "With the presence of Alibaba in Malaysia, e-commerce and e-business will create more trade opportunities and this will add-on to the bilateral trade," he told reporters after attending the launch of Alibaba Group's new national office here today. Also present were Finance Minister Lim Guan Eng, Communications and Multimedia Minister Gobind Singh Deo, and Alibaba founder … [Read more...] about Bilateral trade between Malaysia, China to exceed US$100b
Hours after the Pakatan Harapan opposition alliance stormed to victory in Malaysia’s historic May 9 election, newly elected Prime Minister Mahathir Mohamad delivered his first foreign policy message: all deals made with foreign powers by the previous administration would be scrutinized and reviewed. The message was seen as a warning in particular to China, which has poured massive sums into Malaysia’s economy in recent years under former Prime Minister Najib Razak’s rule. But if history is a guide, Mahathir will strike an adroit balance between the China and the US, with an aim of maximizing benefits from both sides. The dailyReport Must-reads from across Asia - directly to your inbox At a press conference on Thursday, Mahathir said that his government would have no problem with China’s Belt and Road Initiative (BRI), though it might bid to renegotiate some terms of already signed agreements. Mahathir also stressed that he would consider deals “with … [Read more...] about Will Mahathir look past China to the US?
The United States on Friday expressed concerns over Malaysia’s possible deportation of 11 Uighur Muslims to China, following a Reuters report that Beijing wanted the Southeast Asian country to hand over the Uighur who escaped from Thailand.Citing sources, Reuters reported on Thursday that the 11 ethnic Uighur from China, who were among 20 that escaped from a Thai jail last year, have been detained in Malaysia, and that Beijing was in talks with Malaysia over their deportation.Malaysia was under “great pressure” from China to hand them over to Beijing, and not to Thailand, and some Western foreign missions were trying to dissuade them from sending the Uighur to China, the sources said.“We are concerned by media reports regarding Malaysia’s possible deportation of Uighur individuals to China,” a US State Department spokesperson told Reuters in an email.“We urge Chinese authorities to uphold international human rights norms with regard to any … [Read more...] about US voices concern over 11 Uighur China wants Malaysia to deport