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World Market Watch

Friendly budget

Prime Minister Abdullah Ahmad Badawi unveiled an expansionary budget next year, with a 31 percent increase in development spending for next year and hefty boost in development spending aimed at sustaining long term growth and securing its goal of achieving developed status by 2020.
"Although this measure will result in a significant reduction in revenue, the [...]

Rashid Maidin

The Star SMS alert at 2:23pm.
Thai Army spokesman says former Communist Party of Malaysia leader Rashid Maidin died this morning in his daughter’s house in Sisakoin, Narathiwat.

Last year, blogger James Wong Wing On interviewed him, in which it was featured on Malaysiakini.

Jailed on spycount

Hong Kong-based chief China correspondent for Singapore’s Straits Times newspaper Ching Cheong was sentenced to five years in mainland China, after being convicted of spying.

He was arrested for reportedly trying to collect documents related to Zhao Ziyang, the deceased former Communist Party leader who was ousted after the Tiananmen Square massacre in 1989.

He has been [...]

4 megabits per second

TMNet plans to increase its broadband capacity to 4 megabits per second (4Mbps) in pocket by year-end from existing 2 megabits per second (2Mbps) to cater to the emerging technological evolution trend of IPTV (Internet protocol television), broadband phone, video phone and online learning, its general manager for corporate planning and services Fadhlullah Suhaimi Abdul [...]

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