Latest news with #121
The Star
29-05-2025
- The Star
Police cripple two drug syndicates, seize drugs worth RM7.121mil in Gombak
KUALA LUMPUR: Police have crippled two drug syndicates in separate raids in Gombak, following the arrest of a local man and woman, as well as a foreign man, with drug seizures amounting to RM7,121,015.20, recently. Gombak OCPD Asst Comm Noor Ariffin Mohamad Nasir said the Narcotics Crime Investigation Division of the Gombak district police headquarters (IPD) seized 212 plastic packets, believed to contain syabu (methamphetamine), weighing 222.331kg, from a sedan which had been left at a storage facility, at 9.30pm on May 14. He said that further investigation led to the arrest of a 25-year-old local man, who works as a used car salesman. The man has been remanded for 12 days, until Friday (May 30). "The drugs seized in the first case are valued at RM7,114,592, and are believed to have been intended for distribution in the Klang Valley. "Action was also taken under the Dangerous Drugs (Forfeiture of Property) Act 1988, with the seizure of a gold chain, worth RM11,348.86," he said, in a press conference at the Gombak IPD on Thursday (May 29). In the second case, Noor Ariffin said that police arrested a 34-year-old foreign man, believed to be a private college student, and a 47-year-old local woman, believed to be working as an insurance executive for a private company, in a car at around 6am last Tuesday (May 27). He added that the two suspects, believed to be a couple, have been remanded for seven days, until June 3. "A search of the vehicle uncovered two packets containing compressed dried leaves, believed to be cannabis, weighing 2.072kg, which is estimated to be worth RM6,423.20. "The drug seized in this case is believed to have been intended for distribution in the Gombak area. Also seized was RM500 in cash," he said. He said all three suspects have no prior criminal record, and they also tested negative for drugs. The case is being investigated under Section 39B of the Dangerous Drugs Act 1952. – Bernama
Business Wire
19-05-2025
- Business
- Business Wire
Western Global Airlines Inaugurates New Base Maintenance Operation in Blytheville, Arkansas
ESTERO, Florida--(BUSINESS WIRE)--Western Global Airlines, Inc., the 'can-do airline,' announced today that it had opened a new base maintenance facility at Arkansas International Airport in Blytheville, Arkansas. The new facility includes a 50,000 ft 2 hangar, 40,000 ft 2 of stores capacity, and is adjacent to a premier suite of aviation component repair, sheet metal, and machine shops. Maintenance operations for WGA at the site are expected to commence in June 2025. 'We are pleased to announce the relocation of our base maintenance operations from Shreveport, Louisiana, to Blytheville, Arkansas,' said James K. Neff, WGA's CEO and Founder. 'With its access to outstanding back shop capabilities, a highly supportive airport authority, and a much more attractive cost of living, BYH will be a huge improvement for our fixed base maintenance operations going forward.' In addition to its new base maintenance operation in Blytheville, the company will continue to maintain line maintenance operations at airports across the world, including Columbus, Ohio; Ft. Myers, Florida; Ostend, Belgium; and Shenzhen, China. About Western Global Airlines. Established in 2013 and based in Estero, Florida, Western Global Airlines is an FAA Part 121 certified cargo airline operating globally for the world's leading airlines, multi-national freight forwarders, and the United States Air Mobility Command. With an operating fleet of fourteen B747-400Fs and MD-11Fs, WGA has carried millions of tons of wide-body cargo to over 400 cities in 135 countries. For more information, please visit
Yahoo
08-05-2025
- Business
- Yahoo
Los Andes Copper at 121 Mining Investment London
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2025) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to announce that the Company will be attending and participating in the upcoming 121 Mining Investment London event ("121") on 12-13 May 2025. The 121 conference is London's largest dedicated mining investment event with over 100 companies and more than 400 sophisticated investors attending for two days of pre-booked 1-2-1 meetings. Alongside the curated schedule of pre-booked meetings matching investors with appropriate projects, the conference program will provide expert commentary and the latest market intelligence on key industry developments. About Los Andes Copper Ltd. Los Andes Copper Ltd. is an exploration and development company with an 100% interest in the Vizcachitas Project in Chile. The Company is focused on progressing the Project, which is located along Chile's most prolific copper belt, into production. Vizcachitas is one of the largest copper deposits in the Americas not controlled by the majors and the Company believes it will be Chile's next major copper mine. The Project is a copper-molybdenum porphyry deposit, located 150 kilometres north of Santiago, in an area of very good infrastructure. An independent technical report for the PFS, prepared in accordance with NI 43-101, is available on the Company's SEDAR profile. Los Andes Copper Ltd. is listed on the TSX-V under the ticker: LA. For more information please contact: Santiago Montt, +56 2 2954-0450 Elizabeth Johnson, Investor E-Mail: info@ or visit our website at: us on X: @LosAndesCopperFollow us on LinkedIn: Los Andes Copper Ltd To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TimesLIVE
28-04-2025
- Business
- TimesLIVE
Angola more likely to tap IMF loan after oil price drop: finance minister
A slide in crude oil prices is increasing the likelihood that Angola will need an International Monetary Fund (IMF) loan, finance minister Vera Daves de Sousa told Reuters, adding the government is running stress tests to gauge the impact on its finances. Sub-Saharan Africa's second-biggest crude oil exporter has based its 2025 budget on an oil price of $70 (R1,308) per barrel, but Brent oil futures briefly traded below $60 (R1,121), the lowest level in four years, after US President Donald Trump announced sweeping tariffs on April 2. The contract settled at $66.91 (R1,250) on Friday. "We are rolling out stress test scenarios," Daves de Sousa said in an interview on the sidelines of the International Monetary Fund and World Bank spring meetings in Washington on Friday. While a smaller decline in oil prices could trigger a freeze in some spending, a drop to say $45 (R841) would likely require a supplementary budget, de Sousa said. The government is working on measures to mitigate the impact of lower oil prices on the revenue side, make tax administration more efficient, and boost enforcement of property taxes, she said. The oil price drop and recent turmoil in fixed-income markets, especially US treasuries, has been felt keenly by many smaller, riskier emerging economies — including Angola, which has suffered a sharp drop in its international bonds.
Daily Tribune
28-03-2025
- Business
- Daily Tribune
Court upholds accountant's five-year sentence for pocketing academy trainee fees
The High Criminal Court of Appeal has upheld the conviction of a senior accountant for embezzling trainee fees intended for the Gulf Aviation Academy. The former financial controller was sentenced to five years in prison after diverting the academy's funds into his personal account. In addition to the jail term, he was fined BD41,777.759 and ordered to repay an equivalent amount to the institution. Civil claim The civil claim has been passed on to the appropriate court. He worked at the academy between January 2021 and April 2022. During that time, he transferred BD45,121 into his own bank account. The money should have gone to the academy. It had been paid by trainees. Transaction fees To pull it off, he fiddled with transaction dates, left out bank entries, and altered records in the academy's IT system. Reconciliation reports were doctored, sometimes using different formats, which made it harder to trace the missing money. He later resigned. But his exit didn't go unnoticed for long. A complaint landed with the General Directorate of Anti-Corruption and Economic and Electronic Security. Statements The matter was passed to the Financial Crimes and Money Laundering Prosecution, which began taking statements from academy staff and digging through the paperwork. It was enough to bring charges. Among those questioned was the academy's head of financial management and bank accounts. Shesaid her department had just two staff at the time — the defendant, who served as the senior accountant, and another employee who worked as an accounts coordinator. The latter had been tasked with preparing the secondary financial plan for 2022. In practice, this meant that day-to-day matters were left to the defendant. She once asked him how the monthly reconciliations were done. He replied that the coordinator prepared the figures and he simply signed them off. She tried to review the reconciliation for December 2021, but never managed it. Signature Still, she noticed that both her own signature and his were on the report. She went on leave after finalising the annual plan. Investigators later found that he had tampered with the digital records, apparently trying to cover his tracks. Civil proceedings to retrieve the funds are now in motion.
