Against the backdrop of a weak Malaysian ringgit, the coming Singapore-Kuala Lumpur High Speed Rail and the series of property cooling measures introduced here, developers in Malaysian states beyond Johor are eyeing Singaporean investors. The developer of a mixed development in Malacca, a three-hour drive away, that comprises a 500,000 square...
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- N. Korea fires missiles in anger at South-US military drills
North Korea fired two short-range ballistic missiles into the sea and vowed "merciless" retaliation Monday as the US and South Korea kicked off joint military drills denounced by Pyongyang as recklessly confrontational. The annual exercises always trigger a surge in military tensions and warlike rhetoric on the divided peninsula, and analysts saw the North's missile tests as a prelude to a concerted campaign of sabre-rattling. "If there is a particularly sharp escalation, we could see the North orchestrating some kind of clash on the maritime border," said Jeung Young-Tae, an analyst at the Korea Institute for National Unification in Seoul. The missile launches came with a stern warning from the nuclear-armed (North) Korean People's Army (KPA) that this year's military drills would bring the peninsula "towards the brink of war".