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Asian shares firmer as Ukraine market panic takes a breather

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Reuters

By Selena Li HONG KONG (Reuters) – Asian stocks regained some composure on Tuesday as the massive selling that rocked financial markets after Russia’s invasion of Ukraine last week paused for breath, while surging crude prices supported oil exporters in the region. Global stock markets have tumbled in recent days following Russia’s invasion of Ukraine and Western sanctions, which include cutting off some of Russia’s banks from the SWIFT financial network and limiting Moscow’s ability to deploy its $630 billion foreign reserves. High-level talks between Kyiv and Moscow on Monday ended with no a… Continue reading “Asian shares firmer as Ukraine market panic takes a breather”

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MP SPEAKS | How Russian invasion of Ukraine will affect Malaysians

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Malaysiakini (English)

MP SPEAKS | It has been almost one week since the start of the Russian invasion of Ukraine. While this war in Europe may seem distant to most Malaysians, there are negative consequences arising from Russia’s aggression that will be felt by the average Malaysian sooner or later. I have listed eight of what I see are the most important negative consequences: • Increase in oil and energy prices The price of oil (measured by BRENT CRUDE) breached the US$100/barrel mark last week and will likely remain high as long as the Russian invasion of Ukraine continues. While Petronas may reap higher profits… Continue reading “MP SPEAKS | How Russian invasion of Ukraine will affect Malaysians”

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YOURSAY | Daddy’s connections can work wonders for an intern

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Malaysiakini (English)

YOURSAY | ‘How many others were given such an opportunity to climb the ladder so fast?’ Nooryana: Leissner got me an intern job, I was just the PowerPoint girl Coward: I am not sure what the purpose of Nooryana Najwa Najib’s disclosure here is. The daughter of former prime minister Najib Abdul Razak is practically completing the picture confirming that her father was lying when he said there was no favour given to him (over the 1MDB scandal and the involvement of multinational investment bank Goldman Sachs). Her disclosure of what happened (after reports emerged that Najib had sought jobs for … Continue reading “YOURSAY | Daddy’s connections can work wonders for an intern”

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YOURSAY | Our immoral elites whom the poor venerate

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Malaysiakini (English)

YOURSAY | ‘When it comes to the elites, the religious authorities are nowhere to be seen.’ COMMENT | Sex, sleaze, corruption and M’sian elites ‘Mansion for not exposing 1MDB scandal’ – Rohana vows full cooperation Fair Malaysian: In this interview, former Astro Malaysia Holdings Bhd group chief executive officer (CEO) claimed to be a Malay and a Muslim. What a laughable matter on the backdrop of the sleaze and blackmail as claimed by former Goldman Sachs banker Tim Leissner. Her behaviour and attitude tell a different story. What baffles me is the claim by Leissner that apparently the whole re… Continue reading “YOURSAY | Our immoral elites whom the poor venerate”

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Star witness against ex-Goldman banker says wives used to disguise 1MDB kickbacks

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Reuters

By Luc Cohen NEW YORK (Reuters) – Two Goldman Sachs bankers concocted a scheme involving their wives to conceal kickbacks they received for helping to loot Malaysia’s 1MDB sovereign wealth fund, one of the bankers testified on Thursday at the corruption trial of the other, Roger Ng. Tim Leissner, who had been Ng’s supervisor at Goldman before becoming the star government witness against him, said he received kickback payments from a Malaysian intermediary, Jho Low, for helping embezzle funds Goldman raised for 1MDB through three bond sales. Leissner testified after pleading guilty to money lau… Continue reading “Star witness against ex-Goldman banker says wives used to disguise 1MDB kickbacks”

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Airlines scramble as Ukraine invasion redraws route map

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Reuters UK

By Jamie Freed, Tim Hepher and Rajesh Kumar Singh (Reuters) -Airlines scrambled to adapt to conflict in Europe on Thursday as Ukraine closed its airspace, fuel prices soared and carriers were urged to “exercise caution” deep inside Russia hours after Moscow’s military invaded Ukraine. Moldova, southwest of Ukraine, also halted flights, while Belarus to the north said civilian flights could no longer fly over part of its territory after Russian President Vladimir Putin authorised the dawn operation. The European Union Aviation Safety Agency (EASA) said Ukraine’s skies and airspace in Russia and… Continue reading “Airlines scramble as Ukraine invasion redraws route map”

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DP Education a shining example for corporate Lanka | Daily FT

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Daily Financial Times

Dhammika speaking on the changing role of the public servant Higher education, skills development and technical training providers are central to create productive employment opportunities for our young people. They prepare mostly young people for work in the formal and informal sector and therefore play an important role in helping to build a quality talent pool for the country. The better the training and the skill levels are, higher the income and economic returns and also the better the quality of livelihoods. Education and skills attainment in Sri Lanka, which in the early 60s, the time D… Continue reading “DP Education a shining example for corporate Lanka | Daily FT”