Detained Indonesians riot in Malaysia: violence in four camps holding illegal immigrants send shock waves

Article Abstract:

Illegal Indonesian immigrants held in four Malaysian detention camps simultaneously held riots which killed three inmates and one policeman. Malaysia is carrying the brunt of the Asian currency crisis, with a number of legal and illegal immigrants seeking employment in the country whose economy has expanded by over 8% annually for the last decade. The simultaneity of the riots force authorities to surmise the orchestration of the riot by a group or individual.

International Affairs, Illegal Alien Regulations, Demonstrations and protests, Malaysia, Illegal immigrants, Migrant labor, Immigration law

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WTK intends to acquire major interest in Samanda

Article Abstract:

WTK Group plans to sell several plywood plants and over 240,00 ha. of timber concessions to Samanda Holdings Bhd. in exchange for 860.3 million ringgit worth of Samanda's stocks. Through the reverse takeover scheme, WTK hopes to gain control of 28.6% of Samanda and position itself as a major producer of timber and wood products. Samanda stands to gain a substantial capital infusion as well as new timber sources.

LUMBER AND WOOD PRODUCTS, Wood & Wood Products, Wood Product Manufacturing, Mergers, acquisitions and divestments, Forest products industry, WTK Group, Samanda Holdings Bhd.

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