KUALA LUMPUR: The ringgit opened lower to extend its downtrend against the greenback on Thursday after the American dollar continued to strengthen on the back of encouraging US economic data, a trader said. At 9.05 am, the ringgit fell to 4.6825/6875 versus the greenback compared with Wednesday’s close of 4.6735/6805. ActivTrades trader Dyogenes Rodrigues Diniz said the...
Beijing: Fast-food giant McDonald’s Corp is increasing its minority stake substantially in its business in China to facilitate faster decision-making and exploit growth opportunities in its fastest-growing market. McDonald’s on Monday agreed to raise its stake from 20% to 48%. It will buy additional shares from global investment firm and its strategic partner Carlyle, which operates and...
PETALING JAYA: Professional men's singles shuttler Lee Zii Jia defeated fellow Malaysian Ng Tze Yong to make it into the second round of the China Masters. World No. 11 Zii Jia had to dig deep before overcoming world No. 15 Tze Yong 21-15, 20-22, 21-17 in a thrilling opening round match at the Shenzhen Bay Gymnasium...
KUALA LUMPUR: The government has agreed to study the proposal for a phased expansion of social protection coverage to the working-age population of Malaysia reaching 18 years old to ensure old age income security from 2024 onwards. Prime Minister Datuk Seri Anwar Ibrahim said that this decision was made during the 6th Meeting of the Malaysian...
KUALA LUMPUR: The opening of the five-kilometre Tun Razak Exchange (TRX) underground tunnel on Nov 29 is expected to reduce traffic into the city by 30%, said Works Minister Datuk Seri Alexander Nanta Linggi. He said the TRX tunnel, which also leads directly to Jalan Tun Razak, and the Smart tunnel will form a loop and...
KUALA LUMPUR: Muslim men should marry more than one woman as this could solve the issue of Muslim women marrying late in life, suggests Datuk Seri Tuan Ibrahim Tuan Man (PAS-Kubang Kerian). The PAS deputy president said many in the country still find polygamy a sensitive issue. "It is as if we are committing a crime. If...
KOTA KINABALU: Graft-busters have arrested another suspect in connection with a syndicate involving enforcement officers approving driving licences for applicants without the compulsory driving tests here. The foreigner in his 40s was detained when he went to provide a statement at the Lahad Datu Malaysian Anti-Corruption Commission (MACC) office at 4pm on Tuesday (Nov 21). A seven-day...
JOHOR BARU: The Sultan of Johor Sultan Ibrahim Almarhum Sultan Iskandar on Wednesday stated that his priority as Malaysia’s next Head of State will be safeguarding the interests of 33 million people of Malaysia and not just the 222 elected representatives. Sultan Ibrahim said his election as the 17th Yang di-Pertuan Agong is not a promotion...
KUALA LUMPUR: It was the Perikatan Nasional administration under Tan Sri Muhyiddin Yassin that moved the Community Communications Department (J-Kom) to the Prime Minister's Department, says Teo Nie Ching. "The decision to move it from the (then) Communications and Multimedia Ministry was made during the Cabinet meeting on May 19, 2021, when Pagoh (Muhyiddin) was the...
ALOR SETAR: A former Kedah Mentri Besar Incorporated (MBI Kedah) chief executive officer pleaded not guilty in the Sessions Court here Monday (Nov 20) to charges of soliciting and accepting gratification in connection with a rare earth element (REE) mining joint venture in the state. Muhamad Sobri Osman, 63, entered the plea after the charges were...
