Essex lorry deaths: Photos of 20 missing people given to police

first_imgSaturday 26 October 2019 9:58 am THURROCK, ENGLAND – OCTOBER 23: A lorry in which 39 bodies were discovered in the trailer is driven from the site to a secure location where further forensic investigation can take place, on October 23, 2019 in Thurrock, England. The lorry was discovered early Wednesday morning in Waterglade Industrial Park on Eastern Avenue in the town of Grays. Authorities said they believed the lorry originated in Bulgaria. (Photo by Leon Neal/Getty Images) Read more: Essex lorry deaths: Police make two new arrests Those reported missing are aged between 15 and 45. whatsapp It comes after revelations yesterday of a 26-year-old Vietnamese woman who had text her family a series of messages shortly before the bodies were found. Read more: Essex lorry deaths: Post-mortem examinations to begin on 39 dead The Vietnamese embassy in London has contacted Essex Police about the missing woman feared to be among the dead. Michael Searles Share Later in the day a 48-year-old man was arrested at Stansted Airport. center_img Identified on Twitter by Human Rights Space coordinator Hoa Nghiem, Tra My is reported to have text her family saying: “So sorry mum and dad. The route to abroad didn’t succeed. Mum. I love you and dad so much. I am dying because I can’t breathe. I am from Can Loc Ha Tinh. Vietnam. Mum. I’m very sorry.” Essex Police initially said the deceased were believed to be Chinese nationals, but has since said it is a “developing picture”. Four people have so far been arrested over the deaths, including lorry driver Mo Robinson, 25, from Northern Ireland, on suspicion of murder. A UK-based Vietnamese community has provided the police with photos of around 20 people reported missing by families since 39 were found dead in a lorry in Essex. On Friday a 38-year-old man and 39-year-old woman from Warrington, Cheshire, were arrested on suspicion of conspiracy to traffic people and manslaughter. Essex lorry deaths: Vietnamese group give police photos of 20 missing people The group’s website, Viethome, has asked the relatives not to share the images online after sharing with police. whatsapp On Tuesday this week 39 bodies were discovered inside a refrigerated lorry container at Waterglade Industrial Park in Grays, Essex. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comlast_img read more

New test scores show Alaska students fall short in English, math

first_imgEducation | State GovernmentNew test scores show Alaska students fall short in English, mathNovember 11, 2015 by Ellen Lockyer, KSKA – Anchorage Share:Alaska Education Commissioner Mike Hanley discusses the AMP test results in Anchorage. (Photo by Ellen Lockyer/KSKA)Results of the new Alaska Measures of Progress standardized tests were released Monday in Anchorage.General statewide results from the spring 2015 tests show that less than half the students tested meet proficiency standards in English language arts, and between 21 and 41 percent achieve proficiency in mathematics. Education Commissioner Mike Hanley said that in some school districts, 60 percent of students met the higher level results.Hanley said that although the results show room for improvement, they also show that the education department has raised the bar to make the tests more difficult.“If you look at Level 2, it says students may have gaps in knowledge,and skills, but still are capable of most grade level content,” Hanley said. “We felt that these terms of meeting standards and partially meeting standards really accurately reflected where students were. Previously we used terms like ‘proficient’ and ‘not proficient.’ Well, if you are not proficient, it seems like you didn’t get over this bar, you were not close, you didn’t make it. This recognizes that students are operating at grade level, have most of the standards under their belt, but may have some gaps they need to address.”Hanley said he is excited about the data gained from the first AMP. Hanley said results will be baseline data for assessing the results of tougher state education standards.“This is the new era, a new baseline, a new test. It is significantly different, the expectations are significantly different,” Hanley said.The AMP tests are given to grades 3 through 10. Students score in four levels, from low to high. Students scoring in Level 3 and 4 are meeting the new standards, while students scoring in the first two levels only partially meet them.Hanley said the new AMP scores are not comparable to the old standards, because the new tests are more difficult and use a different type of scoring. A breakdown of scores by grade and by school district is available on the department of education webpage.Parents can expect student-level reports later this month.Share this story:last_img read more

Electricity shortages blamed for rising price of popular North Korean comfort…

first_img Facebook Twitter SHARE NewsEconomy North Koreans residents enjoying corn noodlesNorth Koreans residents enjoying corn noodles. Image: SogwangThe price of corn noodle soup, a popular dish among North Korea’s working class, has risen as food factories shut down due to electricity shortages.“There’s no electricity, so corn noodle soup factories aren’t producing that much anymore,” a Pyongyang-based source told Daily NK. “The fall in supply has led to an increase in price, from 1,600 won late last month to 2,800 won more recently.”While 1,200 North Korean won (around 15 US cents) seems relatively inexpensive, the increase is nonetheless a burden, coming in the midst of a wider economic downturn in the country. “People who rely on corn noodle soup are finding it hard to afford the price increase,” added the source.The worsening of North Korea’s electricity problems is due to droughts, the source said. Water scarcity has led to the shutdown of hydroelectric dams, which provide around 60% of the country’s electricity.North Korea’s hydro-meteorological service announced recently that the amount of rainfall in May – North Korea’s planting season – was only 37-46% of the annual average. Korea Central News Agency (KCNA) reported last month that “Most areas in North Korea’s western coast and interior mid-section are experiencing high-temperatures, and severe droughts are continuing.”North Korea’s electricity troubles appear to be even more serious than last year. “This year, people just aren’t getting as much electricity,” said the source. “Farms and factories need at least a little electricity to function, but they’re not getting it.”The worsening of North Korea’s electricity situation is impacting the production of other goods in the country. “Factories have stopped producing metal pails due to the lack of electricity,” a separate source in Pyongyang told Daily NK.“Workers can’t do much else other than simple processes like making bricks.”The lack of electricity has led many factory managers to find more easier goods to manufacture for their workers to do so that they and their employees can survive.North Koreans facing the severe electricity shortages are using products that use less electricity to “beat the heat.”“There’s no electricity, so people are using 12 volt fans that can be connected to batteries,” said the source. “It’s so hot nowadays that the fans are not much help, but they’re better than just fanning yourself.”The fans are not very powerful, but people are finding their own ways to be “self-sufficient” in the face of electricity shortages and intense heat. In South Korea, 12-volt fans are normally only used in vehicles.“Wealthy people have installed solar panels in their homes,” said the source. “(Now), Pyongyang residents don’t have any confidence in the party providing them with electricity.” News AvatarSeulkee JangSeulkee Jang is one of Daily NK’s full-time journalists. Please direct any questions about her articles to [email protected] Electricity shortages blamed for rising price of popular North Korean comfort food RELATED ARTICLESMORE FROM AUTHORcenter_img US dollar and Chinese reminbi plummet against North Korean won once again Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaders North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) News News By Seulkee Jang – 2019.08.12 10:18am last_img read more

Canadian ETF industry seeing notable growth in 2015

first_img Equity ETFs added $4.5 billion in inflows for the year to date as of Aug. 31, as investors used them to increase their exposure to international and U.S. equities, the report explains. Fixed-income inflows were even stronger, at $4.7 billion. “This illustrates the diversification and liquidity benefits of fixed-income ETFs and the ability of segmented ETFs to target exposures,” the report says. The Canadian ETF with the strongest inflows so far this year has been BMO MSCI EAFE Index ETF, which provides broadly diversified exposure to international equities markets. According to Canadian ETF Outlook 2015, the global ETF market totalled US$2.86 trillion in AUM as of Aug. 31, and had an average annual growth rate of 24.2% during the past 10 years. The BMO GAM report alludes to some of the ETF liquidity concerns that have been in the news, and cautioned that investors should only allocate a limited percentage of their portfolios to riskier asset classes. Even for asset classes such as bonds that trade over-the-counter, ETFs provide the benefits of “liquidity, tradability and diversification,” the report notes. “By trading an established ETF, the natural liquidity between buyers and sellers on the exchange may make the trade more efficient,” the report says. Rather than trying to source and trade bonds on their own, ETF investors can profit from intraday liquidity of an ETF that is tied to an underlying bond portfolio, the BMO GAM report says. However, spreads between bid and ask prices can widen considerably for ETFs when the market becomes unbalanced, the BMO GAM report indicates. For example, during the liquidity crisis in 2007, the U.S. high-yield bond market saw trading frozen in some bonds. Meanwhile, the BMO GAM report says U.S.-based SPDR Barclays High Yield Bond ETF, sponsored by Barclays Bank PLC, continues to trade. However, the ETF swung from a significant discount relative to its stated net asset value to a premium during this period. This particular ETF is broadly diversified across 793 holdings, with each issuer capped at 2% of net asset value. There is concern that demand for some ETFs is driving up the prices of securities within their benchmarks and leaving behind the rest of the market, which is why diversification is important in the ETFs’ underlying portfolios, the BMO GAM report says. “The simple answer for this observation is that a properly designed ETF diversifies across its asset class,” the report points out. Jade Hemeon There’s strong momentum in Canada’s exchange-traded fund (ETF) industry, with inflows well ahead of last year, suggests a new report from Toronto-based BMO Global Asset Management (BMO GAM) issued on Monday. The Canadian ETF industry has seen inflows of $9.7 billion for the year to date as of Aug. 31, which approaches the total for all of 2014 and is significantly higher than $5.6 billion for the comparable period in 2014. Industry assets under management (AUM) as of Aug. 31 stood at $84 billion, an increase of more than 10% since the end of 2014, says the report, which is entitled Canadian ETF Outlook 2015. center_img Facebook LinkedIn Twitter Share this article and your comments with peers on social medialast_img read more

Scotia Capital to repay investors $20 million as part of no-contest settlement

first_img Keywords Enforcement,  No-contest settlements,  Fee-based accountsCompanies Ontario Securities Commission, Scotia Capital Inc. An Ontario Securities Commission (OSC) hearing panel approved a no-contest settlement with Toronto-based Scotia Capital Inc. (SCI) on Friday that will see the firm and two of its business units pay close to $20 million to some clients.SCI has agreed to compensate $19,997,821 to clients who were found to have paid an excessive amount of investment fees as a result of inadequacies in the firm’s compliance system. The firm has also agreed to a voluntary payment of $850,000 to the OSC. Facebook LinkedIn Twitter Mouth mechanic turned market manipulator PwC alleges deleted emails, unusual transactions in Bridging Finance case Share this article and your comments with peers on social mediacenter_img BFI investors plead for firm’s sale Tessie Sanci However, counsel for the firm, the OSC and the chairman of the hearing panel reiterated multiple times that SCI has technically not admitted to or denied the facts within this case.In 2015, SCI discovered that some clients in fee-based accounts at ScotiaMcLeod Inc. and HollisWealth Inc., two investment dealers within SCI, were also paying trailer fees for products such as mutual funds and exchange-traded funds. The firm realized that this had been going on since 2009 as a result of problems within the firm’s systems of control and supervision.It was also discovered that, since late 2008, some clients were invested in a particular mutual fund with a higher management expense ratio when they would have qualified for a less expensive series within that same fund.SCI and its business units, referred to as “the dealers” in the agreement, self-reported these circumstances to the OSC in February 2015, a factor that worked in their favour when the hearing panel decided to accept the no-contest settlement agreement, which it found to be in the public’s interest.“The reality is that compliance inadequacies occur even at well-meaning registered firms,” said Tim Moseley, a member of the OSC and chairman of the hearing panel, on Friday. “It is critical that when such inadequacies do occur the registrant responds in the way that the Scotia dealers have.”The OSC panel also took into consideration that the firm is compensating clients for the excessive fees and that the compensation was deemed “globally appropriate” by both staff of the OSC and counsel for the dealers. In addition, the firm’s promise to enhance its policies and procedures surrounding the compliance system was another factor that helped lead the panel in its decision to accept the no-contest settlement.It was noted in the proceeding that a manager at the OSC will monitor the process of developing those enhanced controls.The no-contest settlement sends a clear message to participants within the capital markets, said Yvonne Chisholm, staff litigator at the OSC.“Staff expects registrants to have robust and effective compliance systems in place, systems that should do two things. First, [they should] provide reasonable assurance that registrants are complying with securities laws, including the requirement to deal fairly with clients with regard to fees,” she told the panel. “Second, these systems should allow registrants to identify and correct non-compliance with securities legislation in a timely manner.”Chisholm also noted that OSC staff had not found any evidence of deliberate misconduct on the part of the dealers during the regulator’s investigation into the matter.Photo copyright: Bloomberg Related newslast_img read more

Capital markets boom won’t last: Fitch

first_img Keywords Coronavirus,  Pandemics,  Investment bankingCompanies Bank of America, JPMorgan Chase & Co., Fitch Ratings, Citigroup Inc. Share this article and your comments with peers on social media The capital markets boom that helped bolster financial firms’ revenues in the first half of 2020 is not likely to last into the second half, says Fitch Ratings.In a new report, the rating agency said that surging capital markets — which followed a huge spike in market volatility, and a rush to raise both debt and equity among corporations — is unlikely to be sustained in the latter part of this year. Facebook LinkedIn Twitter Related news Ontario unlikely to balance budget by 2030: FAO Illustration and Painting iStock CERB payments went to workers hit hard by lockdowns: StatsCan A deadly first wave, followed by a tsunami of excess deaths Fitch noted that capital markets revenues at the five big U.S. banks surged 63% in the second quarter of 2020 to US$44.9 billion, “propelled by a rush to raise cash as the coronavirus pandemic took hold.”“The five major U.S. banks reported some of the strongest capital markets revenues in at least a decade as central bank stimulus provoked a boom in debt and equity issuance,” said Christopher Wolfe, managing director at Fitch, in a release.This rise in capital markets revenues helped offset weaknesses in other parts of banks’ businesses.For example, Fitch said that Bank of America, Citi and JP Morgan “leaned on trading and investment banking more than usual to offset the impact of a weak economy.”Said Wolfe: “The surge buffered a tougher operating market overall for U.S. banks, but it is unlikely to completely offset weaker results later this year.”Indeed, Fitch said that the rise in capital markets revenues “will likely taper off for the rest of the year due to the usual seasonal decline in issuance volumes and trading activity, along with lower announced M&A.”M&A activity in particular “was a soft spot” for the big banks, Fitch noted, and economic uncertainty could mean short-term depression of activity in that space going forward.“While capital markets activity is likely to soften later this year, the re-imposition of state or regional lockdowns could create further uncertainties that drive more entities to raise capital,” Wolfe added. James Langton last_img read more

SA’s record $4b economic stimulus ‘second biggest’ in nation

first_imgSA’s record $4b economic stimulus ‘second biggest’ in nation The Marshall Liberal Government’s record $4 billion economic ‘adrenalin hit’ to turbo-charge SA’s strong ongoing jobs and economic recovery from COVID-19 is the second largest stimulus package in the nation, behind only NSW.The federal Parliamentary Budget Office has found the Marshall Government is investing 3.6 per cent of Gross State Product (GSP) on the state’s massive COVID-19 fiscal response – higher than next-placed Tasmania (3.3%), Victoria (2.8%) and Western Australia (1.9%).Only New South Wales has contributed more as a per cent of GSP (4.6%).Treasurer Rob Lucas welcomed the report as further evidence of the Government’s unwavering commitment to growing the economy and local jobs in the wake of the greatest economic challenge of our time, with a record $4 billion state stimulus leveraging an extra $1 billion in Commonwealth, local government and business funds.“Contrary to the often misguided and alarmist claims of the Labor Party, who are desperate to talk down the local economy, the Marshall Government is spending record amounts on our targeted stimulus to turbo-charge the state’s economic and jobs rebound over the next two years,” Mr Lucas said.“We welcome the federal Parliamentary Budget Office report which has found that we are outperforming almost every other state and territory with our stimulus spend – contributing more as a per cent of GSP than any state or territory, except New South Wales.“The Government is investing in a record $16.7 billion infrastructure pipeline, including the North-South Corridor final stage, a redeveloped Memorial Drive and Hindmarsh Stadium, as well as upgrades to schools and hospitals across SA, that will create thousands of jobs, including for local trades.”Mr Lucas said the report finding was supported by several recent independent economic reports and surveys which showed South Australia is weathering the COVID storm remarkably well to date, including CommSec’s State of the States report, Deloitte Access Economics Business Outlook, Business SA-William Buck Survey of Business Expectations and the BankSA State Monitor. /Public News. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:AusPol, Australia, commonwealth, Deloitte, economic stimulus, Government, infrastructure, Labor Party, New South Wales, NSW, pipeline, SA, SA Government, South Australia, stimulus package, Tasmania, Victoria, Western Australialast_img read more

Places: The Boiler Room

first_img Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox. If you’re looking for local music in Kalispell, check out The Boiler Room behind Eastside Brick. The perfect place to warm the soul while escaping the winter weather over a hot beverage and sweet sounds, The Boiler Room promotes an assortment of artists including a stacked schedule of local musicians.Enjoy the flying fingers of local bluegrass jammers as they pick their way through traditional tunes on Thursday nights. If you’re a player as well as a supporter, bring your ax and perform during an open mic session.The next open mic is Friday Nov. 26 starting at 7:30. The show coincides with the coffee house’s one-year anniversary. Local eclectic favorites Betty and the Boy are closing down the year with their show on Dec. 30th.The Boiler Room itself is a unique atmosphere blending an industrial feel with a cozy coffee house. Hours are Monday 7 a.m. to 6 p.m., Tuesday through Friday 7 a.m. to 9 p.m. with the exception of being open later on Fridays for events. Weekend hours are Saturday 8 a.m. to 8 p.m. and Sunday 8 a.m. to 3 p.m.Drop in to try their specialty yeasted waffles on Friday mornings or all day through the weekend.For more information and an events schedule visit to get there: From downtown Kalispell, go east on Seventh Street East. Turning right (south) on Sixth Avenue East, the Boiler Room is on the right in the parking lot behind Eastside Brick. Emaillast_img read more

News / Business as usual for perishables, despite Russian embargo, reports AirBridgeCargo

first_imgBy Martin Roebuck 11/11/2014 AirBridgeCargo Airlines (ABC), Russia’s largest cargo carrier, reports “business as usual” for temperature-controlled goods, despite the ban imposed by the Russian government in August on the import of certain agricultural commodities from EU countries, Norway, Canada and Australia.The embargo, including pork, poultry, frozen beef, fish, milk and dairy products, came in retaliation for travel bans and asset freezes against Russian officials as the EU sought to de-escalate the crisis in Ukraine.The EU followed with bans on the export of arms, electronics and computers and marine, aerospace and propulsion products to Russia, and suspended export licences relating to certain oil exploration and production projects in the country.Except for rush shipments, the great majority of the products covered by Russia’s one-year import ban would normally be trucked from Europe, explained Robert van de Weg, senior VP marketing & sales at ABC.New tradelanes have opened as Russia sourced some foodstuffs differently. For example, with Norwegian salmon off the menu, the country is now importing from Chile. ABC is carrying small volumes of chilled fish on the last leg of this journey, from Amsterdam or Frankfurt into Moscow.Temperature-controlled shipments currently account for less than 5% of the carrier’s overall traffic. “We’re not a strong player in perishables because we don’t operate the north-south routes that would allow us to bring flowers and vegetables from Quito or Nairobi, though this is something we’re looking at,” Mr Van de Weg said.However, ABC flies significant volumes of South American flowers from Amsterdam over Moscow to destinations such as Yekaterinburg, Novosibirsk and Khabarovsk, using the strength of its domestic Russian network, since trucking is not usually a viable option.Flowers are not included in the ban and, as Mr Van de Weg pointed out: “It is the certificate of origin that is of interest to Customs. Even perishables can move OK so long as they are only transhipping in Europe.”Analysis by the EU suggests that while its sanctions will result in a modest slowdown in the European economy, they are hitting Russia harder. The rouble has lost about 25% of its value against the dollar this year, thanks to a stagnating economy and a falling oil price.Despite this, ABC saw a 14% increase in volumes during the nine months to September, at an average load factor of 71%. “Our network is primarily Asia-Europe-US and our flights are mostly full,” insisted Mr Van de Weg.The carrier’s winter schedule incorporates additional frequencies to Hong Kong, Shanghai, Munich, Milan, Amsterdam, Chicago and Dallas, thanks in part to the recent delivery of its sixth B747-8 freighter.ABC is actively targeting the pharma sector, and it was the size of the Swiss life sciences industry that prompted the launch of a new weekly Basel-Moscow freighter route in September.Via its hub at Moscow’s Sheremetyevo Airport, the carrier connects to Korea, Japan and “all points in China”, he said, and offers passive cooling or active solutions via Envirotainer or CSafe equipment for particularly temperature-sensitive products such as vaccines.Cargo Complex Sheremetyevo, ABC’s handler in Moscow, has opened a 580sq metre pharma facility, which commercial director Dmitry Sudosiev claimed “brings cool chain logistics in Russia to a new level”. A temperature-controlled warehouse is supported by a fleet of refrigerated vehicles and an on-site laboratory offering sampling, declaration of conformity and mandatory certification of medicines.“The facilities are good and we’re working with forwarders to agree standard operating procedures – setting a maximum time on the ramp, for example – and making the whole process more transparent,” Mr Van de Weg said.“There’s a lot of hype around the pharma market, but it’s promising for us,” he added. “We won’t conquer the world, but it plays to our strengths because of our dense network into Asia. If you can eliminate trucking, that’s a step in the chain you have taken out.”Yet yields remain challenging, even in the premium pharma sector.“It’s subject to supply and demand, just like general cargo. You’ve got to do more work to get paid a little more,” Mr Van de Weg admitted. “The difference is that you might be competing for the business against five or six credible operators, compared with 30 in perishables.”last_img read more

News / The future of cargo operations hangs in the air as ‘new’ Malaysia Airlines takes off

first_img Malaysia Airlines has begun operations as a barely-changed new entity,  (MAB), after being granted an air operator’s certificate by the Malaysian Department of Civil Aviation.Minister of Transport Datuk Seri Liow Tiong Lai said granting the AOC, after several months of audits to establish airworthiness, MRO capability and regulatory conformity, was “an important milestone in the evolution of Malaysia’s national airline”.The new vehicle came about as a result of the multiple crises that have hit Malaysia Airlines, most notably the loss of two aircraft last year. The disappearance of flight MH370 over the Indian Ocean en route from Kuala Lumpur to Beijing in March 2014 remains unexplained, and flight MH17 was shot down over Ukraine four months later on a scheduled flight from Amsterdam to Kuala Lumpur.The tragic incidents followed several years of under-performance which led to Malaysian sovereign wealth fund Khazanah buying the assets of the former Malaysia Airline System (MAS) last year for $1.6 billion in an effective renationalisation.Former Aer Lingus CEO Christoph Mueller was recruited in May to turn the carrier around, and pledged to reinvent MAB as a full-service regional carrier.“It’s not a continuation of the old company in a new disguise – everything is new,” he said.But what the changes mean for former cargo arm MASKargo, after the group culled a third of its personnel and withdrew from several long-haul routes, remains unclear.Khazanah drew up a 12-point plan to revitalise Malaysia Airlines, but the current in the political and economic uncertainty in the country, which saw 300,000 people go on a rally to demand the resignation of the country’s Prime Minister for alleged corruption, will not help the government achieve its goals.The ringgit has fallen sharply in value, which in principle could help exporters. However, oil and industrial raw materials which make up the bulk of Malaysian exports are suffering from wider turmoil across the region and from lower global commodities prices.MAB has made no official comment on the future of its six freighters, two 747-400s and four A330-200s, but a source told us he thought the carrier was “looking to get rid of them all through sale or lease”. By Martin Roebuck 01/09/2015last_img read more