05042016Wed
Last update: Wed, 04 May 2016 10pm

South East Asia

World - South East Asia

Malaysia's 1MDB financed 'Wolf of Wall Street': report NEW YORK: Some of the money to make the hit movie "The Wolf of Wall Street" was allegedly laundered from a scandal-hit Malaysian firm founded by the country's leader, the Wall Street Journal reported.Embattled Malaysian Prime Minister Najib Razak has been under fire over allegations that hundreds of millions of dollars were stolen from state fund 1Malaysia Development Berhad (1MDB), and his acceptance of a $681 million overseas payment.Both Najib and the now debt-stricken company strongly deny any wrongdoing. According to the WSJ, it took six years to produce the movie, which stars Leonardo DiCaprio and is directed by Martin Scorsese, because Hollywood studios were reluctant to invest in an R-rated movie about financial corruption.A small production company called Red Granite Pictures, which had made only one movie, came up with the more than $100 million needed to turn the film into reality, the newspaper said in its report Friday. ...

World - South East Asia

US, Philippines hold war games as China flexes muscles MANILA: Thousands of US and Filipino soldiers will on Monday launch annual war games that this year are being seen as a show of strength in the face of China's increasing assertiveness in the region.The 11-day Balikatan (shoulder-to-shoulder) exercises are expected to show how the Philippines, though severely outgunned, can counter China with the help of the United States, its longest-standing ally.China has in recent months built massive structures including radar systems and an airstrip ...

World - South East Asia

North Korea appears to have fired missile into sea SEOUL: North Korea fired a missile into the sea off its east coast on Friday, the South's military said, hours after the leaders of South Korea, Japan and the United States warned Pyongyang to end provocations or face more pressure. The projectile was fired from a region near the North's east coast, a South Korean military official said by telephone. It was a short-range surface to air missile, another official at the office of the ...

World - South East Asia

Strong 6.0-magnitude quake hits off Japan coast; no tsunami TOKYO: A strong 6.0-magnitude earthquake struck off Japan's southwest coast on Friday, the US Geological Survey said, but local authorities said there was no danger of a tsunami. The quake hit at 11:39 am (0239 GMT) off the coast of Japan's main Honshu island, at a location about 350 kilometres (395 miles) southwest of Tokyo, USGS and the Japan Meteorological Agency said. The quake was measured at a relatively shallow depth of 10 kilometres.No damage ...

World - South East Asia

Australia seals uranium export deal with Ukraine SYDNEY: Australian Foreign Minister Julie Bishop announced on Friday a pact to export uranium to Ukraine, which could help ease Kiev's traditional reliance on hostile neighbour Russia for energy.Ukraine has previously expressed interest in buying the material, as well as coal, from Australia, the world's third-ranking uranium producer behind Kazakhstan and Canada."This agreement provides Ukraine with the opportunity to diversify its energy supply," Bishop, who is in Washington for a nuclear security summit on reducing ...

World - South East Asia

Myanmar army MPs slam bill to create Suu Kyi 'advisor' role YANGON: Myanmar military MPs on Friday said a plan to bolster Aung San Suu Kyi's power with a special advisory role was unconstitutional, as the new civilian government tussled with the army just days after taking office.The Southeast Asian nation was dominated by the military for more than half a century until Wednesday when Suu Kyi and her pro-democracy party took power.The Nobel laureate, whose party secured a landslide election win in November, has vowed ...

World - South East Asia

China to US: 'Be careful' in South China Sea BEIJING: Beijing's defence ministry on Thursday warned the US navy to "be careful" in the South China Sea and slammed a newly signed agreement between Washington and the Philippines.Earlier this month, Manila agreed to give US forces access to five military bases, including some close to the disputed South China Sea, where tensions have risen over Beijing's assertion of its territorial claims. China claims virtually all the South China Sea despite conflicting claims by Brunei, ...