Beware of the Chinese debt trap, Malaysian President advises the Philippines

Beware of the Chinese debt trap, Malaysian President advises the Philippines

Manila: The Malaysian President Mahathir Mohammad warned the Philippines that “If you are borrowing vast sums of money from China, beware of falling into its debt trap. The Malaysian President is currently on a visit to the Philippines and China was at the centre of the discussions he held with the Philippine President Rodrigo Duterte […]

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Malaysia delivers one more blow to the ambitious Chinese ‘One Belt one Road’ project; scraps $19 billion Rail project

Malaysia delivers one more blow to the ambitious Chinese ‘One Belt one Road’ project; scraps $19 billion Rail project

Kuala Lumpur/Beijing: Malaysian Minister for Economic Affairs, Azmin Ali, announced the closure of the $19 billion railway project, part of the One Belt One Road (OBOR) scheme, saying, ‘It is beyond the capacity of Malaysia, to support the railway project being implemented by China. Therefore, we have decided to cancel the project completely.’  This Malaysian […]

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Malaysian PM Mohamad Mahathir accuses China of new colonialism

Malaysian PM Mohamad Mahathir accuses China of new colonialism

Beijing: Malaysian Prime Minister who announced cancellation of Chinese projects in his country has accused China of colonialism. The Malaysian Prime Minister criticised China saying that those poor countries which cannot compete with the rich nations are falling prey to this colonialism. Prior to this, Prime Minister Mahathir had announced withdrawal from the ‘Chinese One […]

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Prime Minister Mahathir Mohammed indicates cancelling of ambitious Chinese projects in Malaysia

Prime Minister Mahathir Mohammed indicates cancelling of ambitious Chinese projects in Malaysia

Kuala Lumpur: ‘The government feels that two of the ambitious projects initiated by China in Malaysia are unnecessary . These projects don’t seem practical for Malaysia. Therefore, We may cancel these two Chinese projects,’ the Malaysian Prime Minister rocked China with these words. Prime Minister, Mahathir Mohammed has created a sensation by indicating cancellation of […]

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‘Rothschild Bank’ involved in financial malpractices, claim Swiss agencies

‘Rothschild Bank’ involved in financial malpractices, claim Swiss agencies

Bern: There are accusations that the Rothschild Bank was involved in the corruption and financial irregularities during the rule of former Malaysian Prime Minister Najib Razak. The ‘Financial Market Supervisory Authority’ (FINMA) from Switzerland has made this claim. Najib Razak had to step down because of the corruption in the ‘1MBD’ fund, known as the […]

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‘Hamas Engineer’ killed in Malaysia was no saint: Israeli Defence Minister

‘Hamas Engineer’ killed in Malaysia was no saint: Israeli Defence Minister

Jerusalem: Israeli Defence Minister Avigdor Lieberman answered the criticism on Israel with his statement, ‘The Hamas engineer ‘Fadi Mohammad al-Batsh’ killed in the Malaysian capital of Kuala Lumpur was no saint’. ‘Fadi al-Batsh’ was killed in a shootout in the Malaysian capital on Saturday night. Palestinian terrorist organisation Hamas has claimed Fadi to be a […]

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