Philippines Denies Commitment to Remove Grounded Warship Amidst China’s Claims
August 10, 2023 MANILA - The Philippines has once again refuted China's assertions, this time dismissing the claim that it pledged to remove a long-standing grounded warship from the South China Sea. A senior security official unequivocally stated that China's assertion is a mere "figment of its imagination," further aggravating the strained relations between the two countries. Contrary to China's allegations,...
Blood Ties and Shadow Companies: The Yu Family’s Alleged Market Manipulations and Yew Hock Ming’s Hidden Role
In an explosive revelation that shakes up Malaysia's corporate sector, the spotlight is on the Yu Family and their alleged market manipulations. Yew Hock Ming, an obscure figure until recently, emerges as the key link in a web of clandestine relationships and possible financial wrongdoings. The article uncovers these undisclosed family and corporate ties.
YNH Property Bhd Scandal: A Family Affair of Fraud, Embezzlement, and Corporate Deception
In this shocking exposé, we unravel the complex web of deceit surrounding the YU Syndicate and YNH Property Bhd, where key players allegedly embezzled millions through fraudulent joint ventures and secret agreements. Discover the dark side of corporate Malaysia and the implications of this massive scandal.
PETRONAS and Phoenix Petroleum Sign MoU for Downstream Marketing and Tech Collaboration in the Philippines
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) and Phoenix Petroleum have agreed and signed a memorandum of understanding (MoU). To develop a collaboration in downstream marketing sector and related technology solutions in the Philippines. Phoenix will have access to PETRONAS’ branded marketing products. Including its gasoline and fluid technology, according to a statement from the company. PETRONAS would also increase its...
Breaking News: YNH Property Bhd Entangled in MYR 20 Million Embezzlement Fiasco
YNH Property Bhd faces an embezzlement scandal involving over MYR 20 million in a suspicious joint venture deal. Key personnel are implicated, with regulatory violations and potential tax evasion being exposed.
Directors Caught plundering YNH Property assets worth RM 422 Million
YNH Property Bhd Directors caught plundering assets worth RM 422 Million in a scam transaction to sell the company's two primary income-producing assets undervalue to the YU Syndicate-controlled company, ALX Asset Berhad. Leaked documents reveal the alleged fraudulent scheme.
New China-Laos-Thailand train builds efficiency for China and Asean trade
BEIJING: The China-Laos Railway’s extension, the round-trip China-Laos-Thailand train, was successfully launched. Trade between China and Asean members is anticipated to gain new momentum thanks to the new, reliable cold chain channel. The 55-hour journey between Kunming, Yunnan province, and Bangkok, Thailand, is made up of 19. Refrigerated chain containers that can each hold 286 tonnes of fresh veggies. The train will...
Malaysia not going into recession, growth set to continue in 2023: Bank Negara Malaysia Governor.
Malaysia is unlikely to enter a recession this year. According to Bank Negara Malaysia Governor Tan Sri Nor Shamsiah Mohd Yunus, as strong domestic demand and expenditure are expected to continue anchoring growth. The most recent official gross domestic product (GDP) predictions, she added, would not be made public. Until the new Budget 2023, which would be presented on February...
YU Syndicate Axes ALX Directors YNH Property is caught Red-Handed
YU Syndicate's leaders replace exposed directors at ALX Assets after being caught in a scandal involving YNH Property Bhd & Rapid Synergy Bhd.
China investment will boost green economy in Malaysia, says biz leader
IPOH: According to a prominent member of the business community. Increased Chinese investment will aid Malaysia in its transition to low-carbon development. According to Datuk Liew Chee Ming, president of the Perak Chinese Chambers of Commerce and Industry (PCCCI). With Chinese tourists returning to Malaysia. Hopefully more investors will follow suit and establish factories here. Particularly in high-tech industries like...
