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The 1MDB scandal seemingly forgotten in Malaysia, the next order of business is the forthcoming general election. After a budget that dramatically increased funding by taxpayers to various Islamic organisations and religious leaders, Prime Minister Najib's next target the federal territory of Labuan. Labuan has been on the recieving end of federal (i.e. national taxpayers') money before and that hasn't worked out as well as it was hoped - but the island has, so far, not lost faith with the Party. But with a tiny resident population, a small number of electors can swing the vote. With the smallest percentage of Parliament since...

Editorial Staff
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For the avoidance of doubt, the demise of Carillion does not appear to actually be a Ponzi scheme.

But there are similarities between the classic Ponzi and how Carillion was functioning.

Editorial Staff
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The USA's fascination with finding names of laws that can be turned into snappy acronyms reached new levels in December 2015 when it past the FAST Act. The name, Fixing America's Surface Transportation (FAST) Act gives no hint as to what it does. It's a highly aggressive tactic against taxpayers with unsettled debt. The Act has crept up pretty much unnoticed but it is being implemented starting this month.

Editorial Staff
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Rappler is one of the most successful news websites in The Philippines and it has reported stories critical of the government and of President Rodrigo Duterte in particular. Even so, it was a surprise when it was informed by the Securities and Exchange Commission (SEC) that its company registration had been revoked in what Rappler calls a "kill order."

CoNet Administrator
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Facebook is a distribution channel for child pornography but it's young Danes who are being prosecuted after Facebook identified the material, told US authorities who reported the distribution to the police in Denmark.

Editorial Staff
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Yesterday, Australian wordsmiths Macquarie Dictionary announced that "Milkshake Duck" was its word of the year. Immediately, out of Canada, a story appeared that demonstrates exactly what it means.

Editorial Staff
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The following is taken from Carillion's website. We acknowledge their rights but notwithstanding that, we reproduce it here in the expectation that the website will be shortly taken down as the liquidation proceeds.

Editorial Staff
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Carillion is one of the UK's largest companies. But at 7 am, UK time, this morning, the company's board issued a statement that took no one by surprise. We've been here before - frantic over-weekend meetings, men in dark suits (these days there are women, too) strutting in with their brief-cases, the expectation of an enormous payday always puts a spring in the step of insolvency practitioners. Men in pin-striped suits leaving meetings stony faced: they are the bankers who decided that their duty to their shareholders exceeded their desire to prevent collapse. The shell-shocked directors who, as soon as they sign-off on the...

Editorial Staff
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The creation of the new, PoTUS Trump-driven tax regime with effect from 1 January, only a week after the law was passed and that being a week everyone was off partying, is leading to a flurry of activity in government offices. The first important documents to come out of the Inland Revenue Service are "withholding tables" that relate to deduction of income tax at source.

"Updated 2018 Withholding Tables Now Available; Taxpayers Could See Pay cheque Changes by February," says the IRS in a statement.

Editorial Staff
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Customer Response Centres (CRCs) are the point of contact for every disgruntled customer. They are the public face of the enterprise. They are also often far (in both management and geography) removed from the company that the customer thinks he is dealing with. Performance is measured and the amount paid to the CRC operator depends on achieving defined Key Performance Indicators, or KPI. However, some CRCs are producing false KPIs which, because they are what payment depends upon, are in fact false accounting and fraud. Here's how it's happening.

Editorial Staff
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