Offshore bank

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:

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.

Malaysia

Coordinates: 2°30′N 112°30′E / 2.500°N 112.500°E / 2.500; 112.500

Malaysia (ⁱ/məˈleɪʒə/ mə-LAY-zhə or ⁱ/məˈleɪsiə/ mə-LAY-see-ə; Malaysian pronunciation: [məlejsiə]) is a federal constitutional monarchy located in Southeast Asia. It consists of thirteen states and three federal territories and has a total landmass of 329,847 square kilometres (127,350 sq mi) separated by the South China Sea into two similarly sized regions, Peninsular Malaysia and East Malaysia (Malaysian Borneo). Peninsular Malaysia shares a land and maritime border with Thailand and maritime borders with Singapore, Vietnam, and Indonesia. East Malaysia shares land and maritime borders with Brunei and Indonesia and a maritime border with the Philippines and Vietnam. The capital city is Kuala Lumpur, while Putrajaya is the seat of the federal government. With a population of over 30 million, Malaysia is the 44th most populous country. The southernmost point of continental Eurasia, Tanjung Piai, is in Malaysia. Located in the tropics, Malaysia is one of 17 megadiverse countries on earth, with large numbers of endemic species.

1Malaysia

1Malaysia (pronounced One Malaysia in English and Satu Malaysia in Malay) is an ongoing programme designed by Malaysian Prime Minister Najib 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.

Slogan

Ideology

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.

Public policy

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."

Malaysia Airlines Flight 17

Malaysia Airlines Flight 17 (MH17/MAS17) was a scheduled international passenger flight from Amsterdam to Kuala Lumpur–International that crashed on 17 July 2014 after being shot down, killing all 283 passengers and 15 crew on board. The Boeing 777-200ER airliner lost contact about 50 km (31 mi) from the Ukraine–Russia border and crashed near Torez in Donetsk Oblast, Ukraine, 40 km (25 mi) from the border. The crash occurred during the Battle in Shakhtarsk Raion, part of the ongoing war in Donbass, in an area controlled by the Donbass People's Militia.

According to American and German intelligence sources, the plane was mistakenly shot down by pro-Russian insurgents using a Buk surface-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.