KUALA LUMPUR: The Employees Provident Fund (EPF) is on track to deliver higher dividend to its members, following its double-digit growth in investment income, according to an economist. The EPF recorded a total investment income of RM63.99 billion for the nine months ended Sept 30, 2025 (9M2025), an 11 per cent increase from the RM57.57 billion posted...
BEIJING: Cosmetics giant L'Oreal said on Monday it has taken a minority stake in mass-market Chinese skincare brand Lan, marking its second investment in recent months in China, where local brands have grown rapidly. L'Oreal did not disclose the size or cost of the stake, but L'Oreal North Asia President and China CEO, Vincent Boinay, said...
BATU PAHAT: A 55-year-old trader lost RM571,242 after falling victim to a non-existent investment scheme promoted through Facebook. Batu Pahat police chief ACP Shahrulanuar Mushaddat Abdullah Sani said the woman contacted an unknown suspect via WhatsApp after being drawn to the offer of high returns advertised on March 16, 2024. "Between July 10 and 31, the victim...
KUALA LUMPUR: A company claiming to have access to billions of ringgit in overseas gold and cash reserves is not registered with the Companies Commission of Malaysia (SSM), says Comm Datuk Rusdi Mohd Isa. The Bukit Aman Commercial Crime Investigation Department (CCID) director said police have received 43 reports about the company since 2023 and opened...
KUALA LUMPUR: A software company owner was fined RM6,000 by the Sessions Court here on Wednesday (Aug 6) for dishonestly removing RM50,000 belonging to a retired insurance agent into his company's bank account last year. Judge Azrul Darus meted out the fine on Muhammad Farid Mohamad Mohyar, 27, after he changed his plea to guilty on...
Chip firms in Malaysia are holding back on investment and expansion as they await clarity on tariffs from the US, according to Malaysia Semiconductor Industry Association President Datuk Seri Wong Siew Hai. The companies are hoping that the US government would continue to exempt semiconductors from tariffs beyond Aug. 1, the deadline for higher levies announced...
SEPANG: Datuk Seri Anwar Ibrahim has left for Italy on the first leg of his week-long visit which includes Paris and Rio de Janeiro. The Italian visit, Anwar’s first as Prime Minister, is aimed at strengthening bilateral relations with the European nation. The Prime Minister and his entourage left via the Bukit Raya Complex in Sepang in...
GEORGE TOWN: A 46-year-old man here lost RM1,316,111 to an online scam recently. The Penang police Commercial Crime Division said it had received a report from the man who is a manager in a medical company. The victim said after he had seen an advertisement on Instagram, he got in touch with a woman, who is believed...
KUALA TERENGGANU: A financial analyst lost his savings of RM147,350 to a fraudulent investment syndicate that operated through a non-existent scheme. Kuala Terengganu OCPD Asst Comm Azli Mohd Noor said the 42-year-old victim saw a stock investment advertisement on a social media platform in February. He said the victim then tapped the advertisement link and was invited...
Ministry’s decision will reinforce Malaysia’s export credibility, say groups PETALING JAYA: The appointment of the Investment, Trade and Industry Ministry (Miti) as the sole issuer of Non-Preferential Certificates of Origin (NPCO) has received broad support from business chambers and trade groups, who say the measure will help protect Malaysia’s trade integrity, particularly with the United States. However,...
