Month: November 2024

KUALA LUMPUR, Nov 8 — The Malaysian Anti-Corruption Commission (MACC) is currently looking into identifying assets, ownership and financial sources obtained by the founders of e-commerce platform FashionValet Sdn Bhd (FashionValet). Its chief commissioner, Tan Sri Azam Baki said the commission’s investigation will also focus on the way investment funds…

Mount Lewotobi Laki-Laki also catapulted an 8km-high ash tower yesterday. (AP pic) EAST FLORES: A volcano in eastern Indonesia belched a huge ash tower more than 8km into the sky today, after officials widened an exclusion zone for locals. Mount Lewotobi Laki-Laki, a 1,703m twin-peaked volcano on the tourist island…

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…

Eleven purchasers of retail units in the now-abandoned Empire Remix 1 project in Subang Jaya, Selangor, are suing property owner Projek Muara Sdn Bhd and developer True Renaissance Development Sdn Bhd over their failure to complete the project. KUALA LUMPUR: The High Court has rejected a property owner’s application to…

Russian ambassador to Malaysia Naiyl Latypov emphasised that BRICS offers a platform to build a more equitable international system. KUALA LUMPUR: BRICS’s mission is to challenge the current global economic framework dominated by the few powerful nations that dictate the rules of international trade, says Russian ambassador to Malaysia Naiyl…

Cartier owner Richemont saw its global sales fall 1% to €10.1 billion. (AFP pic) ZURICH: Cartier owner Richemont posted today a 20% drop in net profit for the first half of the year as sales sank in China, whose economic slowdown has hit the luxury sector. Richemont said its profit…

PUTRAJAYA, Nov 8 — As Malaysia prepares to chair the Asean Summit next year, Prime Minister Datuk Seri Anwar Ibrahim extended invitations to China’s Prime Minister Li Qiang and President Xi Jinping during his official visit earlier this week. Government spokesman Fahmi Fadzil highlighted that this reflects Malaysia’s strength as…

PUTRAJAYA, Nov 8 — The government will closely monitor the governance of Government-Linked Companies (GLCs) and Government-Linked Investment Companies (GLICs), Communications Minister Fahmi Fadzil said today. This comes after the recent amendment to the Audit Act 1957, which now allows any entity receiving public funds to be audited. He said…

BINTULU, Nov 8 — Police have arrested two suspects in connection with the fatal shooting of a man on the fourth-floor car park of a hotel here around 11pm last night. The victim was found covered in blood and medical personnel later declared him dead at the scene. Bintulu police…

PUTRAJAYA, Nov 8 — The Malaysian Communications and Multimedia Commission (MCMC) can set conditions to prevent an imbalance in the ecosystem as the nation develops its second 5G network, Communications Minister Fahmi Fadzil said. This statement follows telecommunications provider U Mobile’s announcement of its readiness to collaborate with strategic partners…