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Thursday, October 6th, 2016

 

The place to invest in Asia- Malaysia

1: Kuala Lumpur, Malaysia Good: Low transaction costs, high yields for luxury apartments, reforms improved rental market. Bad:High rental income tax, pro-tenant rental market. The economy is slowing, the ringgit is depreciating, and there’s a political scandal affecting Prime Minister Najib Razak. House prices in Malaysia continue to rise, but at a slower pace, and transactions are slightly down and residential construction activity is slowing. During the year to end-Q3 2015, the nationwide house price index rose by 5.43% (2.74% inflation-adjusted), down from an annual rise of 7.88% the previousRead More


US shuts down sex trafficking ring targeting Thai women

US prosecutors say they have shut down an international sex trafficking ring in an operation stretching from Thailand to the US. Twelve Thai nationals and five Americans were charged with illegally transporting hundreds of women from Thailand.¬†Their victims were forced to work as prostitutes across the US. A US lawyer said the ring promised poor women a bright future, then “forced them to live a nightmare”. The women were driven into prostitution in Chicago, Los Angeles, Washington DC, and other cities, to pay off “bondage debts” of between $40,000 andRead More


Police in India detain 750 over US call centre scam

Police in the western Indian city of Thane have arrested more than 750 people suspected of defrauding US citizens from a fake call centre. Officers say the suspects obtained lists of US tax defaulters and used threats to obtain their bank details. The scam is said to have netted more than $150,000 (¬£118,000) a day, making it one of the biggest frauds in India’s history. Thane police officials said they were contacting the FBI to ask for help. Some 70 of those detained were formally arrested, police said, with theRead More