The Labuan Chinese Chamber of Commerce (LCCC) has urged the federal government to reinstate the island’s full duty-free status to boost its appeal to visitors. Its president Wong Kii Yii said that despite previous efforts, including letters to relevant authorities, the government has yet to heed their plea. Wong emphasised that Labuan’s current duty-free status fails to...
A Malaysian fugitive wanted in Thailand for drug smuggling was arrested during a Thai-Lao joint operation last week. The 39-year-old alleged drug dealer and key member of a drug syndicate had been in hiding in Laos, according to Thai police. Assistant national police chief Panurat Lakboon said the Office of the Narcotics Control Board had been investigating...
Traders taking bets on the platform predict a 90% chance the SEC will approve spot Bitcoin ETFs by mid-January, while the minority is hedging against the converse outcome. Shares of a “Bitcoin ETF approved by Jan 15” contract on Polymarket, a decentralized prediction venue, traded for 90 cents as speculation for a forthcoming decision from the...
The government has been urged to block ships carrying fuel from Malaysian ports to Myanmar, in a bid to weaken the military junta. This was following Prime Minister Anwar Ibrahim’s condemnation of the “barbarism and depravity inflicted upon the people of Myanmar” in his United Nations General Assembly address, said the Confederation of Trade Unions Myanmar president U...
If you think Wall Street had a phenomenal year, take a closer look at how the cryptocurrency space fared in 2023. As of the early morning hours on Dec. 28, the aggregate value of all listed cryptocurrencies on CoinMarketCap.com had increased by a cool 115% year to date. Though there are thousands upon thousands of digital currencies to...
While cryptocurrency has surged in popularity in recent years, only a minority of Americans have actually traded it. Among the most popular cryptos are Bitcoin, Ethereum and Cardano, each of which has seen a lot of action as prices rise and fall. The appeal for traders? The potential to make significant money on the volatility of these highly...
Bitcoin (BTC) rallied above $45,000, buoyed by investors' anticipation of a potential approval of spot Bitcoin exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC). The price movement comes amid reports that the SEC may notify the 14 spot Bitcoin ETF applicants of its decision ahead of the January 10 deadline, increasing investors’ anticipation for the...
Indonesian police authorities have reportedly closed down 10 Bitcoin mining operations, accusing the miners of electricity theft amounting to nearly $1 million. The North Sumatra Police Force took action against a multi-site Bitcoin mining operation across 10 locations in Indonesia. Police confiscated 1,134 Bitcoin mining machines, 11 meters of electrical cable, and computer equipment. The Chief of North...
Bitcoin Topped $45,000 for First Time in Nearly Two Years Suvashree Ghosh Tue, January 2, 2024 at 8:08 PM GMT+8 (Bloomberg) -- Bitcoin surpassed $45,000 for the first time in nearly two years as anticipation of an approval of an exchange-traded fund investing directly in the biggest token intensified. Most Read from Bloomberg Iran Sends Warship to Red Sea...
A group advocating for boycotts against major international brands in response to the Israeli invasion of Gaza is facing an RM6 million claim for damages suffered by fast food chain McDonald’s. Gerbang Alaf Restaurants Sdn Bhd (GAR), the franchise owner of McDonald’s in Malaysia, was claiming the sum for revenue loss (RM3 million), compensation for employees...
