1MDB 'has cleared $946m in debt'
KUALA LUMPUR • State fund 1Malaysia Development Berhad has cleared over RM3 billion (S$946 million) in debt over the past two years, Prime Minister Najib Razak said on Wednesday, amid ongoing money-laundering probes linked to 1MDB in at least six countries.
The sovereign wealth fund, founded by Datuk Seri Najib, is at the centre of civil lawsuits filed by the US Department of Justice which allege that over US$3.5 billion (S$4.9 billion) was misappropriated from 1MDB.
Avalanche deaths: Lapse admitted
TOKYO • A school official responsible for an ill-fated mountaineering lesson at a ski resort in eastern Japan has admitted to a lapse in judgment in going ahead with the exercise that led to the deaths of seven students and a teacher in an avalanche, reported news agency Kyodo on Wednesday.
16 detained over Mongolia blast
HOHHOT • A total of 16 people suspected of causing an explosion in a residential building in northern China's Inner Mongolia Autonomous Region have been detained.
Police said the explosion was caused by spontaneous combustion of explosives that had been stored illegally in the building.
China aircraft to take flight in May
SHANGHAI • China's domestically developed AG600, the world's largest amphibious aircraft, will make its maiden flight in late May from the southern city of Zhuhai, Xinhua said yesterday.
China has stepped up research on advanced military equipment in a more muscular approach to territorial disputes.