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An offshore bank is a bank located outside the country of residence of the depositor. Typically, an individual or company will use an offshore bank in a low-tax jurisdiction (or tax haven) that provides financial and legal advantages. These advantages typically include:
easy access to deposits (at least in terms of regulation)
protection against local, political, or financial instability
While the term originates from the Channel Islands being "offshore" from the United Kingdom, and while most offshore banks are located in island nations to this day, the term is used figuratively to refer to any bank used for these advantages, regardless of location. Thus, an "offshore banks" include Swiss banks and those of other landlocked nations such as Luxembourg and Andorra.
1Malaysia (pronounced One Malaysia in English and Satu Malaysia in Malay) is an ongoing programme designed by MalaysianPrime MinisterNajib Tun Razak on 16 September 2010, calling for the cabinet, government agencies, and civil servants to more strongly emphasise ethnic harmony, national unity, and efficient governance.
Logo and slogan
An official logo and slogan has been introduced along with the launch of 1Malaysia concept. The logo is the symbol of '1' which incorporates the national Jalur Gemilang flag and the word Malaysia. The government has spent RM38 million to promote Prime Minister Najib Abdul Razak’s 1Malaysia concept in 2010, said Deputy Minister in the Prime Minister’s Department T Murugiah.
1Malaysia stresses national unity and ethnic tolerance. The 2010 values of 1Malaysia as articulated by Najib Razak are perseverance, a culture of excellence, acceptance, loyalty, education, humility, integrity, and meritocracy.
Improving government efficiency is an important aspect of 1Malaysia. The use of Key Performance Indicators (KPIs), metrics and targets more typically used in private business, and National Key Result Areas (NKRAs) is thus naturally an important part of the 1Malaysia effort. Najib says, "The government is committed to carrying out a transformation programme as its main agenda based on approaches and philosophy of 1Malaysia – people first, performance now."
According to American and German intelligence sources, the plane was mistakenly shot down by pro-Russian insurgents using a Buksurface-to-air missile (SA-11) fired from the territory which they controlled. Their judgement was based on sensors that traced the path of the missile, analysis of fragment patterns in the wreckage, voice print analysis of conversations in which separatist militants claimed credit for the strike, as well as photos and other data from social media sites. On 13 October 2015, the Dutch Safety Board (DSB) released a final report on their investigation into the incident, concluding that the airliner was downed by a Buk surface-to-air 9M38-series missile with 9N314M warhead launched from Eastern Ukraine.
Speaking to Bernama, Axi chief global market strategist Stephen Innes said he expects there would be limited foreign flows or trading in Malaysia’s assets among offshore banks due to the Chinese New Year (CNY) holiday beginning Friday.
But international financial scandals involving soccer's governing body and the 1MDB development bank from Malaysia, as well as the leaking of the so-called PanamaPapers that exposed details of offshore entities, eventually softened criticism by revealing the prominent role ...
Apparently, the digital offshore bonds will be issued through the bank’s branch in Labuan, Malaysia, at a minimum of as little as $100 each ... This is because the bank’s branch in Labuan, Malaysia is viewed as a safe haven and will be contradicting some countries’ tax laws.