Johor businessman duped of RM2m in foreign currency investment fraud Posted on 18/12/2024 JOHOR BAHRU, Dec 18 — A 70-year-old clothing store owner claimed to have suffered losses of over RM2 million after falling victim to an online investment scam. Johor police chief Datuk M. Kumar said the man was added to a WhatsApp group promoting a foreign currency investment scheme that promised high returns. He said the victim then contacted the group’s administrator to learn more about the investment. “Believing in the promised quick profits, he made multiple transactions amounting to RM2.118 million to several bank accounts as instructed by the suspect between November and early December. “He also followed directions to download an app and register an account to monitor his investments,” he said in a statement last night. Kumar said the victim later found his account reflecting profits of over RM6.2 million but could not sell the shares or withdraw the alleged earnings. Believing he had been scammed, the man filed a police report in Batu Pahat yesterday. The case is being investigated under Section 420 of the Penal Code. — Bernama News
Tokyo to make day care free to boost birth rate Posted on 12/12/2024 While public daycare is offered to working parents in Japan, the government aims to broaden access for all households. (AFP pic) TOKYO: Tokyo plans to make day care free for all preschool children starting in September, the city governor has announced as part of efforts to boost Japan’s low birth rate…. Read More
US-China tiff triggering AI, tech gold rush in Malaysia that could help it beat ‘middle income trap’ Posted on 07/12/2024 KUALA LUMPUR, Dec 7 — Malaysia is witnessing a rapid transformation as foreign investments in technology and manufacturing pour in, driven by US-China tensions and Southeast Asia’s strategic advantages. According to a new Bloomberg report, the country attracted nearly US$44 billion (RM195 billion) in foreign direct investment to Penang alone… Read More
After King’s rebuke, Khaled Nordin says UPNM taking steps to curb bullying Posted on 08/12/2024 KOTA TINGGI, Dec 8 — Universiti Pertahanan Nasional Malaysia (UPNM) will step up safety measures at its Military Training Academy, including more frequent roll calls, to address and curb bullying and abuse among cadets. Defence Minister Datuk Seri Mohamed Khaled Nordin said the measures follow several reported cases of bullying… Read More