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| Pandora Papers shed light on offshore assets linked to Daim |
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Posted by: superadmin - 10-04-2021, 04:00 PM - Forum: Politics
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Pandora Papers shed light on offshore assets linked to Daim, who insists nothing shady about them
![[Image: daim_zainuddin_181219b.jpg]](https://media2.malaymail.com/uploads/articles/2019/2019-12/daim_zainuddin_181219b.jpg)
KUALA LUMPUR, Oct 4 — The Pandora Papers — documents obtained by the International Consortium of Investigative Journalists (ICIJ) on tax havens preferred by the rich and powerful — have shed some light on business associates of former finance minister Tun Daim Zainuddin.
Malaysiakini reported that according to the documents, which were sighted by them, the companies and trusts held by Daim's children, wife or known business associates jointly were worth at least £25 million (about RM141 million).
Daim’s sons, Muhammed Amir Zainuddin Daim and Muhammed Amin Zainuddin Daim were named owners of a British Virgin Islands (BVI) firm Newton Invest & Finance Limited (BVI) in 2007 when they were nine and 12 respectively.
By 2017, when the brothers were in their early 20s, they were owners of several offshore firms set up in tax havens, including Splendid International Ltd (BVI) which held London properties worth £12 million (about RM65 million at 2017 exchange rates).
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| Western media bias against China deplorable, dangerous |
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Posted by: superadmin - 10-04-2021, 03:24 PM - Forum: Politics
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For years, the unspoken truth about Western media is that their veneer of objectivity has come off a long time ago. While touting themselves as the epitome of trustworthiness and honesty, some media practitioners in the West have no qualms about propagating lies against China.
As the coordinated anti-China smear campaign is gaining steam, more intrepid journalists with a conscience are calling it out despite the tremendous pressure to silence them.
In one of the most excoriating rebukes against Western media's manipulation of the public opinion against China, Javier Garcia, head of the office of the EFE News Agency of Spain in Beijing, announced earlier this week that he would soon leave journalism, as the flagrant information manipulation by Western media "has taken a good dose of my enthusiasm for this profession."
The departure of journalists like Garcia is a giant loss to the industry, which is in dire need of introspection. For those who choose to stay and disagree with the highly biased and distorted reporting on China, they are usually confronted with a monolithic propaganda structure in the West to ignore, silence and discredit them.
The past few years have seen a lot of deplorable cases where anyone who dared to maintain objective and impartial positions on China were accused of being on the payroll of the Chinese government or even worse.
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| Strong vitality of BRI wins wide praise |
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Posted by: superadmin - 10-04-2021, 03:18 PM - Forum: Business, Economy and Investment
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Fruitful results reflect President Xi's vision of 'shared dream for a better life'
On Oct 3, 2013, President Xi Jinping proposed building the 21st Century Maritime Silk Road during a speech at the Indonesian parliament. A month earlier, he had put forward the strategic framework for building the Silk Road Economic Belt.
The Belt and Road Initiative, as the two together are known, has become the most well-received international public good and the largest platform for international cooperation over the past eight years. As of Aug 23, more than 200 cooperation agreements with 172 countries, regions and organizations have been signed under the BRI framework.
As the world faces the combined impacts of changes unseen in a century and the COVID-19 pandemic, the BRI has demonstrated strong vitality and creativity and will continue to provide impetus for the global economic recovery and contribute to global sustainable development, observers said.
Xie Fuzhan, president of the Chinese Academy of Social Sciences, said that Belt and Road construction, which aims for the common development and prosperity of all, has brought concrete benefits to countries and regions along the routes.
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| Blast targeting Kabul mosque leaves 'a number of civilians dead,' |
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Posted by: superadmin - 10-04-2021, 03:13 PM - Forum: Politics
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Blast targeting Kabul mosque leaves 'a number of civilians dead,' Taliban spokesman says
(CNN)An explosion ripped through a crowd outside the entrance of a mosque in central Kabul on Sunday, leaving a number of people dead, a senior Taliban spokesman said.
The blast targeted the gates of the Eidgah Mosque in the Afghan capital, where a funeral service was being held for the mother of Taliban spokesman Zabihullah Muhajid, who tweeted that the blast had claimed the lives of civilians.
It was not immediately clear how many people were killed or injured in the attack, but the explosion appeared to be targeting senior Taliban leadership.
Emergency NGO, an Italian nonprofit that runs a hospital in Kabul, said on Twitter that it was treating four people wounded in the explosion.
Reports on social media described a large detonation and emergency services rushing to the scene.
No one has claimed responsibility for the bombing and the Taliban have not yet announced officially who they blame for the attack.
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| Melaka govt has fallen, says former CM after exodus |
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Posted by: superadmin - 10-04-2021, 03:01 PM - Forum: Politics
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PETALING JAYA: After a week of speculation, the Melaka state government led by chief minister Sulaiman Md Ali has fallen.
In a press conference today, former Melaka chief minister and Sungai Udang assemblyman Idris Haron, from Umno, announced that the state government had fallen after three executive councillors resigned and an Umno assemblyman withdrew his support for Sulaiman’s leadership.
“We have resigned. This signifies that the state government has a deficit in support,” said Idris, who is one of the three executive councillors to quit.
The other two are former DAP man Norhizam Hassan Baktee (Pengkalan Batu) and Bersatu’s Noor Effandi Ahmad (Telok Mas).
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| China's mega hydropower station at highest altitude begins operation,j |
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Posted by: superadmin - 10-04-2021, 01:10 PM - Forum: Environment Protection News
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China's mega hydropower station at highest altitude begins operation, a landmark project for devt in cold areas
![[Image: 9835f905-f3cf-4fa9-9fa6-03da7df5bd0b.jpeg]](https://www.globaltimes.cn/Portals/0/attachment/2021/2021-09-25/9835f905-f3cf-4fa9-9fa6-03da7df5bd0b.jpeg)
A mega hydropower station built in Southwest China's Sichuan Province along the middle and lower reaches of Yalong River began operation on Wednesday, marking a landmark project of China's hydropower development in high-altitude cold areas and a milestone in the history of hydropower construction in the world.
The Global Times learned from the project designer - Chengdu Engineering Corporation under state-owned Power China -- that the construction area of the Lianghekou hydropower station, with an average altitude of 3,000 meters, is China's highest and the world's second highest altitude hydropower station.
According to the designer, the project is consisted of 11 high slopes with a maximum of 684 meters, 50 meters higher than the Shanghai Tower, China's highest building. It has the world's deepest reservoir with the maximum water depth in front of the dam being 285 meters. It also has the world's highest power station intake tower, being 115 meters high.
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| Pandora Papers: A simple guide to the Pandora Papers leak |
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Posted by: superadmin - 10-04-2021, 12:56 PM - Forum: Politics
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The Pandora Papers is a leak of almost 12 million documents that reveals hidden wealth, tax avoidance and, in some cases, money laundering by some of the world's rich and powerful.
More than 600 journalists in 117 countries have been trawling through the files from 14 sources for months, finding stories that are being published this week.
The data was obtained by the International Consortium of Investigative Journalists (ICIJ) in Washington DC, which has been working with more than 140 media organisations on its biggest ever global investigation.
BBC Panorama and the Guardian have led the investigation in the UK.
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| Of preachers and racial slurs: govt’s silence speaks volumes, says Tawfik Ismail |
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Posted by: superadmin - 10-04-2021, 12:47 PM - Forum: Politics
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KUALA LUMPUR – In a span of just a few days, Malaysians have witnessed a Muslim preacher’s disparaging religious remarks and a Malay politician’s racial slur on Facebook.
These incidents have set the nation abuzz, with Malaysians raising concerns over the rising tide of racism in the country, some fearing that it could spark unrest.
However, former Umno MP Mohd Tawfik Ismail said that the current government, led by Prime Minister Datuk Seri Ismail Sabri Yaakob, does not have the political will to combat racial discrimination in the country.
Speaking to The Vibes, the former Sg Benut MP said it is unfortunate that the government only wants to perpetuate an all-Malay government concept, as it would cast Ismail Sabri’s administration in a bad light.
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| Pandora Papers: An offshore data tsunami |
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Posted by: superadmin - 10-04-2021, 10:51 AM - Forum: Politics
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The Pandora Papers’s 11.9 million records arrived from 14 different offshore services firms in a jumble of files and formats – even ink-on-paper – presenting a massive data-management challenge
Russian TV boss Konstantin Ernst
A 2.94 terabyte data trove exposes the offshore secrets of wealthy elites from more than 200 countries and territories. These are people who use tax and secrecy havens to buy property and hide assets; many avoid taxes and worse. They include more than 330 politicians and 130 Forbes billionaires, as well as celebrities, fraudsters, drug dealers, royal family members and leaders of religious groups around the world.
The International Consortium of Investigative Journalists spent more than a year structuring, researching and analyzing the more than 11.9 million records in the Pandora Papers leak. The task involved three main elements: journalists, technology and time.
What is the Pandora Papers?
The Pandora Papers investigation is the world’s largest-ever journalistic collaboration, involving more than 600 journalists from 150 media outlets in 117 countries.
The investigation is based on a leak of confidential records of 14 offshore service providers that give professional services to wealthy individuals and corporations seeking to incorporate shell companies, trusts, foundations and other entities in low- or no-tax jurisdictions. The entities enable owners to conceal their identities from the public and sometimes from regulators. Often, the providers help them open bank accounts in countries with light financial regulation.
The 2.94 terabytes of data, leaked to ICIJ and shared with media partners around the world, arrived in various formats: as documents, images, emails, spreadsheets, and more.
The records include an unprecedented amount of information on so-called beneficial owners of entities registered in the British Virgin Islands, Seychelles, Hong Kong, Belize, Panama, South Dakota and other secrecy jurisdictions. They also contain information on the shareholders, directors and officers. In addition to the rich, the famous and the infamous, those exposed by the leak include people who don’t represent a public interest and who don’t appear in our reporting, such as small business owners, doctors and other, usually affluent, individuals away from the public spotlight.
While some of the files date to the 1970s, most of those reviewed by ICIJ were created between 1996 and 2020. They cover a wide range of matters: the creation of shell companies, foundations and trusts; the use of such entities to purchase real estate, yachts, jets and life insurance; their use to make investments and to move money between bank accounts; estate planning and other inheritance issues; and the avoidance of taxes through complex financial schemes. Some documents are tied to financial crimes, including money laundering.
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![[Image: 61590012a310cdd3d8111223.jpeg]](https://img2.chinadaily.com.cn/images/202110/03/61590012a310cdd3d8111223.jpeg)
![[Image: 615a32f5a310cdd3d81121a7.jpeg]](https://img2.chinadaily.com.cn/images/202110/04/615a32f5a310cdd3d81121a7.jpeg)
![[Image: l6kfkh1o_kabul-mosque-blast-hospital-oct...ber_21.jpg]](https://c.ndtvimg.com/2021-10/l6kfkh1o_kabul-mosque-blast-hospital-oct-3-2021-afp-650_625x300_03_October_21.jpg)
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![[Image: 03102021-police_report_against_Muslim_pr...AN_-03.jpg]](https://media.thevibes.com/images/uploads/covers/_large/03102021-police_report_against_Muslim_preacher-SYEDA_IMRAN_-03.jpg)
![[Image: PP-Ernst-Filter.jpg]](https://media.icij.org/uploads/2021/10/PP-Ernst-Filter.jpg)
