KOTA KINABALU: Two elected Sabah representatives facing corruption charges want their day in court to clear their names through the legal process after what they termed "intense humiliation" in the public eye. Sindumin assemblyman Datuk Dr Yusof Yacob and his Tanjung Batu colleague Andi Muhammad Suryady Bandy said they would continue serving in their constituencies while...
SINGAPORE: Malaysia and Singapore have unveiled the first Rapid Transit System Link (RTS Link) train, marking another milestone in the cross-border rail project. The new train was unveiled by Transport Minister Anthony Loke and the island republic’s acting Transport Minister Jeffrey Siow at the Singapore Rail Test Centre (SRTC) near the Tuas here on Monday (June...
KUALA LUMPUR: There remains a cautious undertone on the domestic market as investors are monitoring closely the ceasefire between Iran and Isreal, although blue chips have slowly crept up on growing optimism. Following a mixed performance on Wall Street, the FBM KLCI rose 0.45 points to 1,520.24, a marginal increase that remained capped by the overhead...
KUALA LUMPUR: The ringgit extended its gains against the US dollar on Thursday, buoyed by comments from US Federal Reserve (Fed) chair Jerome Powell highlighting uncertainty over the inflationary impact of tariffs. At 8 am, the local note strengthened to 4.2255/2475 against the greenback from Wednesday’s close of 4.2335/2405. Bank Muamalat Malaysia Bhd chief economist Dr Mohd...
PETALING JAYA: Inflationary pressures are expected to gradually gain momentum in the second half of the year with headline inflation projected to hover between 2% and 2.1% for 2025. CGS International Research (CGSI Research) said inflationary pressures are poised to build up in the second half of the year as the government reforms take place. “We think...
PETALING JAYA: Businesses who fail to charge the expanded Sales and Service Tax (SST) come September will have to make up the uncollected tax from their own pockets. This is because those who fail to register by August to collect the SST will still have to start taxing their clients in September even though there has...
KUALA LUMPUR: Several items belonging to the 20-year-old female university student found murdered at a hostel in Cyberjaya have been reported missing. Sepang OCPD Asst Comm Norhizam Bahaman stated that the missing items include a laptop, mobile phone, ATM card, and cash. "We are conducting a thorough investigation and request space and cooperation from the public as...
PETALING JAYA: Heavy vehicle owners say that naming and shaming companies with overdue traffic summonses may encourage company owners to toe the line, but it is not a fix-it-all solution for reducing fatal accidents. Company owners, particularly lorry operators, also point out that while they strive to uphold road safety, the government should explore additional ways...
PUTRAJAYA: The Malaysian Anti-Corruption Commission (MACC) has been authorized to proceed with the forfeiture of assets belonging to the late finance minister Tun Daim Zainuddin, his family, and his proxies in the United Kingdom. Chief commissioner Tan Sri Azam Baki announced at a press conference that UK counterparts have filed for similar action following Malaysia's request. "On...
KUALA LUMPUR: Malaysia’s total trade in services rose by 14.6 per cent to RM497.4 billion last year from RM434.0 billion in 2023, contributing 25.8 per cent to the gross domestic product (GDP) at current prices. In a statement today, the Department of Statistics Malaysia (DOSM) said exports of services grew by 24.6 per cent to RM242.9...
