Author - James Lim

Malaysia anti-graft agency questions ex-PM Ismail Sabri in US$150 million publicity spending probe

Malaysia's anti-graft investigators have questioned former prime minister Ismail Sabri Yaakob as part of a probe into possible misconduct involving some RM700 million (US$150.86 million) spent on government publicity during a previous administration. In a statement late on Wednesday (Jan 10), the Malaysian Anti-Corruption Commission (MACC) said it had recorded a statement from Ismail Sabri in...

UK unveils plans for ‘biggest nuclear power expansion in 70 years’

LONDON: The UK government on Thursday (Jan 11) announced plans for what it said was the country's "biggest expansion of nuclear power for 70 years" to bolster its energy independence and meet carbon emission targets. The Civil Nuclear Roadmap includes exploring the construction of a major new power station, £300 million (US$382 million) of investment to...

Bitcoin holds firm after regulators approve ETFs

Bitcoin held steady on Thursday after regulators approved the first U.S.-listed exchange traded funds (ETFs) to track the world's largest cryptocurrency, seen as a landmark move that could broaden its appeal to investors. The Securities and Exchange Commission (SEC) said on Wednesday it approved 11 applications, including from BlackRock, Ark Investments/21Shares, Fidelity, Invesco and VanEck, with...

Thai Dec consumer confidence at high of nearly 4 years on govt measures, tourism

BANGKOK : Thai consumer confidence rose in December, reaching the highest level in 46 months, boosted by government measures to ease living costs and increased tourism, a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce increased to 62.0 in December from 60.9 the previous month, the university said...

Google lays off hundreds working on Assistant software, other parts of company

Alphabet's Google said on Wednesday it is laying off hundreds of people working on its voice-activated Google Assistant software and is eliminating a similar number of roles in the company's Devices and Services team. The layoffs at Google Assistant, first reported by news platform Semafor, are a part of organizational changes that have been in place...

Tesla launches restyled Model 3 in North America

Tesla on Wednesday launched the restyled version of its Model 3 sedan in North America and kept the prices unchanged, according to the company's website and a post on X. The electric car maker has removed the most expensive version of the Model 3, the "performance" variant, from its North American websites, and now only lists...

El Salvador Bitcoin gains reach $12.6m after two years of decline

El Salvador has observed a significant uptick in the value of its Bitcoin holdings. For the past two years. El Salvador’s investments remained below their initial purchase value. However, the country now sees an increase in value, with unrealized gains amounting to approximately $12.6 million, according to data provided by Nayibtracker. This positive development in El Salvador’s Bitcoin investment saga was acknowledged...

Bitcoin dips 3% on false SEC spot Bitcoin ETF approval

Unknown hackers hijacked the X account of the United States Securities and Exchange Commission (SEC), posting a fake spot Bitcoin ETF approval message. On Jan. 9, the SEC chair Gary Gensler debunked an announcement claiming spot Bitcoin ETFs were approved. The SEC’s official X account published the notice. However, Gensler warned that the page had been...

XAI a top crypto topic on eve of Binance listing

XAI is today’s second most popular cryptocurrency in crypto discourse, following its listing on the world’s top crypto exchange, Binance. XAI — a blockchain gaming token — is second only to Bitcoin (BTC) regarding popularity in social media mentions. As of press time, Santiment data shows that of all those mentions, 53% show a positive sentiment, 31% a negative sentiment,...

EPF pays out RM708mil govt additional contribution incentive

KUALA LUMPUR: The Employees Provident Fund (EPF) today announced the disbursement of a RM708mil Government Additional Contribution incentive to its 1.4 million members aged between 40 and under 55. The incentive was allocated to individuals with EPF savings of RM10,000 and below in their Account 1 as of Feb 24, 2023, it said in a statement. "The...