Author - James Lim

Bank Negara’s international reserves climb to US$122bil

KUALA LUMPUR: Bank Negara’s international reserves rose to US$122bil as at Aug 15, up from US$121.3bil as at July 31. “The reserves position is sufficient to finance 4.8 months of imports of goods and services, and is 0.9 times the total short-term external debt,” Bank Negara said in a statement. The main components of the reserves were...

Oct 31 decision on Na’imah’s challenge of prosecution bid to freeze Jersey assets

KUALA LUMPUR: The High Court has fixed Oct 31 to deliver its decision in an attempt by Toh Puan Na'imah Abdul Khalid to intervene in an application by the public prosecutor involving offshore assets in the British Crown dependency of Jersey. Justice Muhammad Jamil Hussin fixed the date for the hearing as well as to deliver...

Taiwan dollar leads Asia FX losses on equity outflows, bond buying

The Taiwan dollar led Asian currency declines on Friday, logging a seventh straight session of losses and slipping to a more than three-month low, as foreign investors sold local stocks and the island's residents bought overseas bonds. The Taiwan dollar weakened 0.6% to 30.682 per U.S. dollar and is on track for its worst weekly percentage...

Father of five remanded four days for attacking teen daughter in Alor Gajah

ALOR GAJAH: A father of five has been remanded for four days at a Magistrate's Court here after allegedly attacking his teenage daughter simply because she was late in reheating a meal for her mother. The remand order, until Aug 25, was issued by Magistrate Dr Teoh Shu Yee against the 40-year-old suspect to assist investigations...

Malaysian who allegedly sexually assaulted toddler in Singapore pre-school worked as a cook in the same school

SINGAPORE: A man accused of sexually assaulting a two-year-old girl was working as a cook at her pre-school. Teo Guan Huat allegedly targeted the toddler in school on at least eight occasions between May 2023 and November 2023. He is being named by The Straits Times for the first time after Deputy Public Prosecutor Claire Poh clarified...

Bukit Aman’s Integrity unit to take appropriate action on initial team probing Zara’s death, says IGP

KUALA LUMPUR: Bukit Aman's Integrity and Standards Compliance Department (Jips) will take appropriate action on the initial investigating team for the death of Form One student Zara Qairina Mahathir, says Datuk Seri Mohd Khalid Ismail. The Inspector-General of Police, during a press conference at Bukit Aman Friday (Aug 22), was asked to comment on updates to...

Kuantan Hornet crash: Pilot, co-pilot ejected safely, fleet temporarily grounded, says Air Force chief

KUANTAN: The two Royal Malaysian Air Force officers piloting the F/A-18D Hornet fighter jet successfully executed emergency ejection procedures before the aircraft crashed at Sultan Haji Ahmad Shah Airport (Kuantan Air Base) late Thursday (Aug 21) night. According to Air Force chief General Datuk Seri Muhamad Norazlan Aris, the pilot, Major Mohamad Azhar Alang Kamarudin, 34,...

Revised RM16.8bil ceiling for LRT Mutiara Line reflects market conditions, not cost escalation, MRT Corp clarifies

KUALA LUMPUR: MRT Corp clarified on Thursday (Aug 21) that the budget ceiling for the LRT Mutiara Line project has been set at RM16.8bil, stressing that the figure reflects current market conditions and not uncontrolled cost escalation. The company said the original estimate for the Penang LRT Bayan Lepas Project in 2016 was RM10bil, based on...

Ling’s family frustrated at lack of meaningful updates on probe into disappearance

KUALA LUMPUR: The family of the missing Datin Seri Pamela Ling Yueh has voiced frustration over the lack of meaningful updates in the investigation, despite recent remarks by Home Minister Datuk Seri Saifuddin Nasution Ismail. Lawyer Sangeet Kaur Deo, who represented the family, said the minister had disclosed that four Malaysian Anti-Corruption Commission (MACC) officers were...