Object lesson

- A + A KUALA LUMPUR (May 18): Signature International Bhd and its largest shareholder-cum-chairman Datuk Seri Chiau Beng Teik have emerged as the largest shareholders of Fiamma Holdings Bhd after acquiring a combined 29.59% equity interest in Fiamma. The 29.59% stake or 150 million shares, was acquired from Fiamma's chief executive officer and group managing director, Lim Choo Hong, at RM1.50 per share. Following the disposal of shares in Fiamma, Lim ceased to be a substantial shareholder in Fiamma, holding a 0.413% direct equity interest and 0.118% indirect interest in the company. A filing with Bursa Malaysia showed that Signature had entered into a conditional share sale agreement (SSA) with Lim, to acquire 120 million shares or 23.67% equity interest for RM180 million cash. On a separate note, Divine Inventions Sdn Bhd, a private entity controlled by Chiau’s family, entered into an SSA with Lim to purchase 30 million shares or 5.92% equity interest in Fiamma … [Read more...] about Chin Hin founder Chiau Beng Teik and Signature International emerge as Fiamma’s controlling shareholders

Representative image. While claiming that “drone technology poses a significant threat to governments…”, the Parliamentary Standing Committee on Home Affairs urged the Ministry of Home Affairs to create a pool of anti-drone technology and let all States and Union Territories access it. The committee also sought and received information from several States, including West Bengal and Punjab, regarding the steps taken to deal with drone attacks. These recommendations and inquiries are part of the committee's 237th report on Police — Training, Modernisation and Reforms, released in February 2022. They come at a time when the Indian government has been trying to give the sector a boost through its Drone Rules – 2021, and the more recent PLI Scheme for Drones . In addition, there has also been a growing impetus for the use of drones in varied industries, including agriculture and health (medicine delivery). “The Committee... recommends that the MHA may take up with concerned … [Read more...] about Parliamentary panel terms drone ‘misuse’ a significant threat, asks MHA to create anti-drone tech

Share to Twitter Share to Linkedin Topline Rep. Bennie Thompson (D-Miss.), chair of the House committee investigating the January 6 Capitol riot, said the committee does not expect to call former President Donald Trump or former Vice President Mike Pence as witnesses, Politico reporter Kyle Cheney said on Twitter on Tuesday, marking a shift from earlier statements that Trump was not off-limits from the committee’s subpoenas. Key Facts Thompson remarked it was unclear whether speaking to Trump would shed any new light on evidence already obtained by the committee, Cheney tweeted . Thompson said that, though the committee doesn’t plan to call Pence as a witness, it is in talks with representatives for Pence, according to Cheney. These comments marked a shift in tone from October, when Thompson told CNN anchor Wolf Blitzer that “nobody is off limits” from the committee’s subpoenas. Thompson’s reported remarks came four days … [Read more...] about January 6 Committee Reportedly Doesn’t Plan To Call Trump Or Pence As Witnesses

US officials say the number of unidentified flying objects reported in the last 20 years has increased, according to an AFP report. Scott Bray, a director of Naval intelligence, says there has been an increase in the numbers of unidentified objects in certain areas. “Since the early 2000s, we have seen an increasing number of unauthorised and/or unidentified aircraft or objects in military-controlled training areas and training ranges and other designated airspace.” Bray says the US military’s efforts to remove the stigma from reporting UFOs could well be behind the increase. It can also be attributed to advances in technology. However, Bray insists the Pentagon has not found anything to suggest that the objects are not from this planet. Hedging his bets however, he hasn’t ruled out that possibility. “We’ve made no assumptions about what this is or isn’t.” According to the AFP report, in June of last year, a report released by US intelligence officials claimed there was no … [Read more...] about Pentagon reports increase in UFO numbers over last 20 years

AFP Brussels, Belgium   ● Wed, May 18, 2022 2022-05-18 14:45 0 53ea05b5fe2e13733519dbf4e30e859a 2 Europe finland,Sweden,NATO,Russia,war,Ukraine,military Free Finland and Sweden on Wednesday handed in their bids to join the US-led alliance NATO, after Russia's invasion of Ukraine up-ended decades of military non-alignment. "The applications you have made today are an historic step. Allies will now consider the next steps on your path to NATO," NATO chief Jens Stoltenberg said, after receiving the bids from the Finnish and Swedish ambassadors at the alliance's headquarters. The membership push could represent the most significant expansion of NATO in decades, doubling its border with Russia, and President Vladimir Putin has warned it may trigger a response from Moscow. But the applications face resistance from NATO member Turkey, which has threatened to block them over accusations the Nordic neighbours act as safe havens for armed groups opposed to … [Read more...] about Finland, Sweden hand in applications to join NATO