Author - De Fa Wang

RM10,000 sci-tech grant for every MP regardless of political alignment

BANGI: A RM10,000 Madani Science, Technology and Innovation (STI) Grant will be awarded to each parliamentary constituency regardless of political affiliation. Science, Technology and Innovation Minister Chang Lih Kang said this initiative by the ministry would be channelled through the Implementation Coordination Unit (ICU) of the Prime Minister's Department to the offices of MPs in the...

MACC probe into mineral prospecting licences in Sabah completed, says Azam Baki

PUTRAJAYA: Investigations into alleged bribery involving mineral prospecting licences in Sabah have been completed with files already handed over to the deputy public prosecutor, says Tan Sri Azam Baki. The Malaysian Anti-Corruption Commission (MACC) chief commissioner clarified that two investigations were opened into the matter - one being on the whistleblower and a former Sabah state...

Najib denies pressuring 1MDB to ally with PetroSaudi through phone call

PUTRAJAYA: Former prime minister Datuk Seri Najib Razak has denied exerting his influence through a phone call to pressure 1Malaysia Development Bhd (1MDB) into entering a joint venture with PetroSaudi International (PSI) in 2009. The High Court in Putrajaya was told of a phone call made by fugitive businessman Low Taek Jho to Najib. During the call,...

Circle CEO expects imminent US executive orders to widen crypto

DAVOS, Switzerland (Reuters) - Circle CEO Jeremy Allaire expects U.S. executive orders "imminently" from incoming President Donald Trump, which he said could allow banks to trade crypto, offer crypto investments to wealthy clients and hold it in portfolios. Circle is the issuer of the USDC stablecoin, a digital token pegged to the value of the U.S....

Second Hong Kong man rescued from South-East Asia scam farm, says ex-politician

HONG KONG: A second Hong Kong man has been rescued from Myanmar after being lured into forced illegal labour in South-East Asia, according to a former district councillor who has been helping victims. Andy Yu Tak-po revealed the development on Monday afternoon after accompanying a family member of a kidnapped victim to submit a petition letter...

Yoon claims martial law decree was ‘miswritten’, ex-defence minister denies it

SEOUL: The legal representative for former defence minister Kim Yong-hyun, who is on trial accused of taking part in an insurrection led by President Yoon Suk-yeol, denied the president’s claim that he made a mistake in copying down the orders for the emergency martial law declared on Dec 3. Kim’s lawyer Lee Ha-sang told reporters on...

Alliance Bank’s top shareholder Vertical Theme is said to consider sale to DBS

Investment management firm Vertical Theme Sdn. is planning to seek approval in the coming weeks to start talks about selling its stake in Alliance Bank Malaysia Bhd., according to people familiar with the development. Vertical Theme, a Malaysian holding company, is considering selling its roughly 29% stake in Alliance Bank to Singapore’s biggest lender, DBS Group Holdings...

Albania approves luxury resort project linked to Jared Kushner’s company

TIRANA (Reuters) - Albania's government has granted strategic investor status to a company linked to Donald Trump's son-in-law Jared Kushner to build a luxury resort on an uninhabited Mediterranean island that was once a military outpost. The Balkan country's Strategic Investment Committee, headed by Prime Minister Edi Rama, on Dec. 30 accepted a proposal by Atlantic...

Chicken slices in controversial sandwich have halal certificate, claims producer

SHAH ALAM: The chicken slices used in the controversial "ham & cheese sandwich" products have a valid halal certificate issued by the Islamic Development Department of Malaysia (Jakim), claims producer Shake and Bake Cafe Sdn Bhd. The producer said that other ingredients used to produce the sandwich included bread and cheese, Malay language daily Sinar Harian...

MACC nabs five over alleged misappropriation of RM104mil in investment funds

PUTRAJAYA: Four company directors were among five arrested by the Malaysian Anti-Corruption Commission (MACC), in connection with a suspected fraud case totalling RM104mil involving public investment funds. According to a source, the individuals - four men and one woman between the ages of 50 and 60 years old - were detained at around 7pm Tuesday (Jan...