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Apr 4, 2014

Singapore targets investment in ‘disruptive’ technologies

SINGAPORE, April 4 (Reuters) – Singapore is hoping that
building expertise in high-tech niches such as 3D printing and
robotics will let it sustain a large manufacturing sector
despite the exit of many labour-intensive industries to cheaper
bases elsewhere in Asia.

In line with government efforts to lift productivity and cut
reliance on foreign workers – whose big numbers have made
citizens unhappy – Singapore’s Economic Development Board (EDB)
no longer courts multinational companies that want to employ
many low-cost employees.

Apr 3, 2014

Singapore probes companies at centre of penny-stock crash

SINGAPORE April 3 (Reuters) – Singapore’s police force and
central bank are looking into suspected trading irregularities
in three companies at the centre of last year’s penny-stock
crash that led to a sharp fall in trading volume in the
city-state’s equity market.

Share prices in Blumont Group Ltd, LionGold Corp
Ltd and Asiasons Ltd plunged last October,
wiping out around S$8 billion ($6.35 billion) in market value in
just two days after huge run-ups. The scandal led to a series of
proposed reforms to the city-state’s stock trading rules.

Mar 25, 2014

Struggling, Malaysian Airline may need government bailout

SINGAPORE/KUALA LUMPUR (Reuters) – Even before the loss of its Flight MH370, Malaysian Airline System (MAS) (MASM.KL: Quote, Profile, Research, Stock Buzz) was bleeding cash, prompting talk that it may need another financial rescue from state investor Khazanah Nasional Bhd, its majority shareholder.

The flag carrier’s cash and short-term investments at end-December were close to $1.2 billion – less than its average operating costs of the two previous quarters, and a signal that it may soon need fresh funding or bank loans.

Mar 19, 2014

Investigations into missing Malaysian jet appear deadlocked

KUALA LUMPUR (Reuters) – Investigations into the mystery of a missing Malaysian jet appeared to be at a deadlock on Wednesday, with no conclusive evidence of foul play and doubts whether nations would share military tracking data that could show where the plane may have headed.

Eleven days have passed since Malaysia Airlines (MASM.KL: Quote, Profile, Research) Flight MH370 went missing, and 26 nations are struggling to search for the airliner over an area more than two-thirds the size of the continental United States.

Mar 19, 2014

Investigations into missing Malaysia jet appear stalled

KUALA LUMPUR (Reuters) – Investigations into the mystery of the missing Malaysian jet appeared to be at a deadlock on Wednesday, with an exhaustive background search of the passengers and crew showing nothing untoward and no sign that the plane could be quickly found.

Eleven days have passed since Malaysia Airlines Flight MH370 went missing, and 26 nations are struggling to search for the airliner over an area roughly the size of Australia, or more than two-thirds the size of the United States.

Mar 19, 2014

Area of Malaysia plane search now size of Australia

KUALA LUMPUR (Reuters) – An international land and sea search for a missing Malaysian jetliner is covering an area the size of Australia, authorities said on Tuesday, but police and intelligence agencies have yet to establish a clear motive to explain its disappearance.

Investigators are convinced that someone with deep knowledge of the Boeing 777-200ER and commercial navigation diverted Malaysia Airlines Flight MH370, carrying 12 crew and 227 mainly Chinese passengers, perhaps thousands of miles off its scheduled course from Kuala Lumpur to Beijing.

Mar 18, 2014

Scrutiny of Malaysia pilots reveals picture of normality

KUALA LUMPUR (Reuters) – One is a technical wizard whose affable manner made him a favorite of trainee pilots; the other an enthusiastic young aviator planning to marry his sweetheart.

The captain and co-pilot of Malaysia Airlines Flight MH370 are now at the center of a baffling paradox: as circumstantial evidence mounts that at least one of them may have been involved in the plane’s disappearance on March 8, accounts of their lives portray them as sociable, well-balanced and happy.

Mar 18, 2014

No motive found to explain disappearance of Malaysian plane

KUALA LUMPUR, March 18 (Reuters) – Intensive background
checks of everyone aboard a missing Malaysian jetliner have so
far failed to find anyone with a known political or criminal
motive to crash or hijack the plane, Western security sources
and Chinese authorities said.

Malaysia said it had conferred with the U.S. and Chinese
ministers on the search for Malaysian Airlines Flight
MH370, an unprecedented 26-nation operation that now spans Asia
from the Caspian Sea to the southern Indian Ocean.

Mar 18, 2014

Malaysian airplane investigators look at suicide as possible motive

KUALA LUMPUR (Reuters) – The co-pilot of a missing Malaysian jetliner spoke the last words heard from the cockpit, the airline’s chief executive said, as investigators consider suicide by the captain or first officer as one possible explanation for the disappearance.

No trace of Malaysia Airlines Flight MH370 has been found since it vanished on March 8 with 239 people aboard. Investigators are increasingly convinced it was diverted perhaps thousands of miles off course by someone with deep knowledge of the Boeing 777-200ER and commercial navigation.

Mar 17, 2014

‘Good night’: Haunting final contact from missing Malaysian jet

KUALA LUMPUR (Reuters) – The last words from the cockpit of missing Malaysia Airlines Flight MH370 – “all right, good night” – were uttered after someone on board had already begun disabling one of the plane’s automatic tracking systems, a senior Malaysian official said.

Both the timing and informal nature of the phrase, spoken to air traffic controllers as the plane with 239 people aboard was leaving Malaysian-run airspace on a March 8 flight to Beijing, could further heighten suspicions of hijacking or sabotage.

    • About Anshuman

      "Anshuman Daga has been with Reuters since 13 years, most of that tracking companies and equity markets. After joining in Mumbai, Anshuman did a stint in India's technology hub of Bangalore and then spent a few years covering European stock markets in London. He moved to Singapore in 2008, with a focus on news coverage of Southeast Asia and technology stories from Asia."
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