Fri. Jun 21st, 2019

Eight dead, 20 missing in Malaysia boat accident

 

Kuala Lumpur (AFP) – Malaysia’s coast guard said Monday they had retrieved eight bodies after a boat capsized off the southern state of Johor at the weekend with another 20 people believed to be missing.

Local media reported that the boat carrying 62 people — all Indonesians and thought to be illegal immigrants — capsized due to strong waves late on Saturday night. [restrict]

So far, 34 passengers have been rescued and a search was ongoing, an coast guard official told AFP.

“I could not save her although she was sitting on my lap at the time of the incident,” a rescued man who lost his pregnant wife was quoted as saying in The Star.

“It all seemed like a horrible nightmare.”

Those rescued have been handed over to the state’s immigration department.

The English daily cited an immigration department official as saying that the Indonesians were believed to be making their way back to their own country.

The official added that those rescued, and without proper documentation, would be deported and that the case was under investigation.

Johor state has a long coastline and shares a maritime border with Indonesia, making illegal entry easy into Malaysia, the third largest economy in Southeast Asia.

About two million Indonesians, many of them working illegally, now live in Malaysia, generally employed in labour intensive jobs.

Deadly accidents are not uncommon, with illegal migrants typically attempting the crossing in rickety vessels and often at night to avoid detection.

Earlier this year, the bodies of 18 Indonesians were retrieved after a boat capsized in rough seas off Johor. [/restrict]


ICB Bank and Pangea Foundation to cooperate on a password-based financial services business

June 14, 2019 - Palau ICB Bank will launch new financial services based on the Pangea Foundation and cryptography promote business.

ICB Bank on Thursday, the cryptographic currency foundation Pangea (PAN) and block chain-based cryptography and signed business agreement to promote the financial services business.

ICB Bank uses the Pangea Foundation's password currency 'Pangea' to combine financial services. We plan to jointly promote various Pin Tech businesses.

In particular, ICB Bank is working with Pangea Foundation. ICB Bank promote issuance of visa cards and master cards based on cryptography. The company is releasing debit cards that can be settled as collateral.

If a Visa or Master Card is actually issued, payment will be made in everyday life anywhere in the world. It is becomes possible, consumers can use the Visa/Master Card on-line merchant's Bitcoin, Ethereum.

The bank, a financial institution works with the Cryptographic Fund to provide financial services that can be applied in everyday life. The roll out is expected to be the first in the block chain pin tech industry.

An official from the Pangea Foundation said, "Working with the bank, in the future, global credit card companies and we will expand services to Eurpoe, Latin America and other countries in connection with possible banks." he said.

On the other hand, Cryptography Pangea (PAN) is an ERC20-based token used for remittance and payment. Adds a centralize authentication agreement to decentralized lenders technology for faster transaction rates. Billing platform at the same time. Currently, Indonesia, Vietnam, Uzbekistan, Europe, etc. and the Cryptographic Exchange of eight countries in Southeast Asia and Latin America.

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