S-E Asia waters under threat from pirates again
Attacks are creeping up, increasing from 46 in 2009 to 128 last year
[KUALA LUMPUR] A spate of daring high-seas attacks off South-east Asia is stoking fears that its vital shipping lanes could once again become a hotspot for piracy unless regional powers act fast.
For centuries, pirates were the scourge of the Malacca Strait - the strategic channel between Indonesia, Malaysia and Singapore through which a third of global trade now passes.
They were largely put out of business about five years ago by stepped-up patrols.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
AirAsia discloses new listing plans under RM6.8 billion units merger