2 firms ordered to halt mining in Gua Musang over river pollution fears Posted on 18/12/2024 Natural resources and environmental sustainability minister Nik Nazmi Nik Ahmad said a formal investigation paper has been opened against one of the firms for operating without an approved EIA report. (Bernama pic) PETALING JAYA: Two mining companies in Gua Musang, Kelantan, have been ordered to halt operations over fears that they have polluted the nearby Sungai Kelaik. Natural resources and environmental sustainability minister Nik Nazmi Nik Ahmad said an environment department probe found that Aqua Orion Sdn Bhd had been mining without the necessary approval. A formal investigation paper has been opened against the firm under Section 34A(6) of the Environmental Quality Act for operating without an approved environmental impact assessment (EIA) report. The section provides for a maximum RM100,000 fine, up to five years’ imprisonment, or both upon conviction. In a statement, Nik Nazmi said that the other firm, Redstar Capital Sdn Bhd, was not actively mining or processing iron ore. “The environment department will write to the Kelantan lands and mines office so that it will not approve Aqua Orion’s mining licence until an EIA report on its operations is submitted for evaluation and approval,” he said. He added that environment authorities would be monitoring the area to ensure strict compliance with the relevant laws. News
Dollar steady after benign US inflation eases worries over rates Posted on 23/12/2024 The Federal Reserve’s surprise projection of gradual rate cuts sent Treasury yields and the dollar soaring, while weighing on other economies. (Reuters pic) SINGAPORE: The dollar was steady on Monday after US inflation data showed only a modest rise last month, easing some concerns about the pace of US rate… Read More
Stick to trusted 5G tech, says US envoy Posted on 05/12/2024 US ambassador to Malaysia Edgard D Kagan said Malaysia was attractive to high-tech industries thanks to its existing 5G network built on trusted suppliers. (Bernama pic) GEORGE TOWN: Malaysia should stick with trusted technology and vendors for its 5G infrastructure to maintain its reputation as a secure and reliable destination… Read More
Southeast Asia prepares for factories fleeing Trump tariffs on China Posted on 08/11/2024 Industry experts have predicted that Malaysia, aiming for US$100 billion in semiconductor investments, could benefit from supply chain realignment. BANGKOK: Companies have been moving factories from China to Southeast Asia, anticipating Donald Trump would slap high tariffs on Beijing if he regained the White House, a move set to accelerate… Read More