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Carillion-peer Interserve sinks shares with rescue plan


BENGALURU: Shares in Interserve Plc sank 50 percent in value on Monday after it announced a rescue plan that sought to head off a Carillion-style collapse by converting much of its debt into new shares, potentially handing control of the company to its creditors.

FILE PHOTO: Interserve offices are seen in Twyford, Britain January 17, 2018. REUTERS

We have to put people first

A letter from TIMOTHY TYE, Former council member of Penang Heritage Trust, Penang.

Germans face rail strikes over Christmas as wage talks fail

BERLIN (Reuters) - Germany's EVG railway workers' union plans to stage warning strikes over the Christmas period after wage talks with rail operator Deutsche Bahn [DBN.UL] broke down early on Saturday.

More air links with China soon

PETALING JAYA: Transport Minis­ter Anthony Loke will visit Beijing next month to help increase air links between Malaysia and China.

Gamuda proposes levy

PETALING JAYA: Gamuda Bhd has proposed a levy where developers would have to pay 2% of their total revenue based on sales to the government instead of having quotas imposed on them to provide a fund benefitting the below-40 (B40) population.

Gamuda Bhd group managing director Datuk Lin Yun Ling and deputy group managing director Mohammed Rashdan Mohd Yusof at the Gamuda Bhd AGM and press conference.yesterday. - AZLINA ABDULLAH/The Star

Indonesia woos Chinese investors with US$60bil projects

JAKARTA: Indonesia is offering new projects worth up to US$60bil to Chinese investors in a bid to capitalise on Beijing’s Belt and Road initiative, a senior official said, despite growing concern about the strings tied to some of the loans worldwide.

Indonesia woos Chinese investors with US$60b menu of Belt and Road projects

JAKARTA: Indonesia is offering new projects worth up to US$60bil to Chinese investors in a bid to capitalise on Beijing's Belt and Road initiative, a senior official said, despite growing concern about the strings tied to some of the loans worldwide.

Jakarta has been in "structural communication" with Beijing since last year on possible infrastructure projects worth a combined $50 billion to $60 billion.

NATO exercises cyber defences as threat grows

In a nondescript brick building on the snowy edge of Estonia’s second city Tartu, soldiers in camouflage tap silently at computers. They are troops manning the 21st century’s front line.

Military specialists working during the NATO Cyber Coalition exercise in Tartu, Estonia. — Reuters

Hop-on Hop-Off bus arrives in Ipoh

PERAK will have its very own “Hop-On Hop-Off” bus starting this month to allow tourists to visit interesting destinations in Ipoh City, said State Tourism, Arts and Culture Committee chairman Tan Kar Hing

Koreas to restart rail connection

SEOUL: A train carrying South Korean engineers and officials crossed into the North to begin a landmark joint survey to reconnect railway tracks between the two Koreas.

Wheels set in motion: The South Korean train preparing to travel across the border into North Korea on Dorasan station in Paju, South Korea. — AP

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