A sanctioned liquefied natural gas (LNG) tanker made a ship-to-ship (STS) transfer off the coast of Malaysia after picking up a cargo from a Russian export terminal also under Western restrictions, according to two analytics firms.The operation appears to be the first known STS transfer of sanctioned Russian LNG, despite Western efforts to curb Moscow's energy revenues over its war in Ukraine.
The Southeast Asian bloc ASEAN on Tuesday announced an ambitious strategic plan that includes harmonising trade standards and greater financial integration in an effort to collectively become the world's fourth-largest economy.The five-year, 41-page plan for the 10-member Association of Southeast Asian Nations, released during a leaders' summit in Malaysia, calls for increased regional trade
A boat carrying members of the Rohingya community from Myanmar has sunk near the Thai-Malaysian border, with hundreds missing, seven dead and 13 rescued, the Malaysian maritime agency said on Sunday.Rescuers were combing an area of 170 square nautical miles near Langkawi Island on Saturday after a boat with 300 people on board left Myanmar's Rakhine state three days earlier
Malaysian state energy firm Petroliam Nasional, or Petronas, will retrench about 10% of its workforce in a restructuring exercise, its chief executive said on Thursday.Tengku Muhammad Taufik also denied at a media briefing that the state firm was exiting its business in Canada.Local media has previously reported Petronas as saying it needed to "rightsize" its workforce to ensure the company's
The search for the wreckage of the missing Malaysia Airlines flight MH370 in the southern Indian Ocean has been suspended due to poor weather conditions and will only resume at the end of the year, Transport Minister Loke Siew Fook said on Thursday.Flight MH370, a Boeing 777, was carrying 227 passengers and 12 crew when it vanished en route from Kuala Lumpur to Beijing in 2014