Penang receptive to enacting data sharing law, says Gobind

GEORGE TOWN: Penang is highly receptive to the Federal Government's initiative to enact laws similar to the Data Sharing Act 2024, to create a larger ecosystem between federal, state and local agencies. Digital Minister Gobind Singh Deo (pic) said Chief Minister Chow Kon Yeow, whom he met on Monday (April 28) together with other state representatives, was very...

Misunderstanding leads to fatal altercation among friends in Penang

BUKIT MERTAJAM: A brawl between two elderly men has resulted in the death of one of them at a hut in Cherok Tokun here on Sunday (April 27). Central Seberang Perai OCPD Asst Comm Helmi Aris said that the police were informed about the incident, which resulted in the death of a 63-year-old victim at 3.22pm. "Investigation...

Man loses over RM100,000 in investment scam

KUALA TERENGGANU: A man lost more than RM100,000 in savings after being scammed by an investment company claiming to offer Islamic shares. Kuala Terengganu police chief ACP Azli Mohd Noor said the 57-year-old victim, who was a former oil rig employee, claimed a friend informed him about the investment company on Jan 29, 2023, and then...

First group of Malaysian pilgrims departs for haj

SEPANG: A total of 284 Malaysian pilgrims departed for the Holy Land on Tuesday (April 29), marking the beginning of this year's haj season. The first group departed Kuala Lumpur International Airport (KLIA) at 4.05am aboard Malaysia Airlines flight MH8050 and is expected to arrive at Prince Mohammad Bin Abdulaziz International Airport, Madinah, at 7.50am Saudi...

Trading ideas: Sime Darby, Duopharma, Samaiden, AIZO, Rohas, Dayang, Bursa Malaysia, Nestle, F&N, Oriental

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Sime Darby Property Bhd, in collaboration with Tenaga Nasional Bhd, has become the first company to harness the power of solar energy under the country's National Energy Transition Roadmap via community renewable energy aggregation mechanism initiative. Duopharma Biotech Bhd, in which Permodalan...

Woman killed in freak crash

SUNGAI PETANI: Saleswoman Han Chin Tin was enjoying her usual breakfast at a coffee shop in Jalan Taman Bersatu – unfortunately, it turned out to be her last meal. The 55-year-old woman was killed on the spot when a car crashed into the shop at about 9am. The driver of the car suffered a stroke while behind...

SST expansion date pushed back, says Finance Ministry

PETALING JAYA: The expansion of the Sales and Service Tax (SST), initially slated for May this year as announced in Budget 2025, will be implemented at a later date, says a Finance Ministry spokesman. “The ministry has completed its nationwide engagements with multiple industries to finalise the scope of the expansion and the applicable tax rates. ALSO...

House arrest bid on hold

PETALING JAYA: Datuk Seri Najib Razak’s bid for house arrest has again been derailed with the Federal Court granting leave to the Attorney General’s Chambers (AGC) to appeal against the move. As a result of the leave granted, the Kuala Lumpur High Court, which was supposed to hear Najib’s application for a judicial review on the...

FBM KLCI holds on to recent gains amid return of foreign interest

KUALA LUMPUR: Investors on Bursa Malaysia are taking time to digest recent gains as Wall Street ended mixed overnight ahead of the release of quarterly results from Big Tech. On Malaysia's main index, blue chips took a breather below the 50-day simple moving average after four consecutive days of gains with foreign funds returning to the...

Ringgit strengthens against greenback in early trade

KUALA LUMPUR: The ringgit continued its uptrend in early trade on Tuesday, strengthening against the US dollar on buying interest in the local note, amid a decline in the US Dollar Index (DXY). At 8 am, the local currency was higher at 4.3585/3665 against the greenback, compared with Monday’s close of 4.3615/3665. The DXY fell 0.46 per...