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...
KUALA LUMPUR: The selling of Malaysian stocks by offshore funds slowed signifantly in the past week to RM330.5mil net from a whopping RM1.97bil in the previous week, said MIDF Research in its weekly fund flow report. There was foreign selling on every day of the week except for Friday, which registered a marked drop in trading...
PETALING JAYA: Key measures to help Malaysia withstand the coming global tariff storm from the United States (US) are currently under discussion, says the Investment, Trade And Industry Ministry. The ministry said among the measures being explored include possibly diversifying Malaysia’s current trade and investment interests as well as strengthening the country’s supply chains. It also said...
PETALING JAYA: Pakistan's investments in Malaysia have grown to about US$397mil, says Datuk Seri Anwar Ibrahim. In a Facebook post after a call with his Pakistan counterpart Shehbaz Sharif on Monday (March 31), the Prime Minister said he welcomed more investments from Pakistan, especially in agriculture, petrochemicals and the biomass industry. Anwar said he had spoken to...
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...
PETALING JAYA: An investigation must be conducted into the Employees Provident Fund (EPF) selling its Malaysia Airport Holdings Berhad (MAHB) shares at a lower price and repurchasing them at a premium in a short period, says Datuk Seri Dr Wee Ka Siong. The MCA president said records show that EPF's equity holdings in MAHB in November...
SHAH ALAM: A manager of a private company in Ampang Jaya lost more than RM1.6 million after falling for a non-existent crypto investment online. Selangor police chief Datuk Hussein Omar Khan, in a statement on Tuesday (Jan 14), said the 61-year-old male complainant was attracted to a cryptocurrency investment advertised on Facebook and made a phone...
JOHOR BARU: Members of the Johor government will meet their Singapore counterparts on Wednesday (Jan 15) to discuss the implementation of the Johor-Singapore Special Economic Zone (JS-SEZ). State investment, trade, consumer affairs and human resources committee chairman Lee Ting Han (pic, below) said the scheduled meeting comes about a week after the JS-SEZ agreement was signed...
PETALING JAYA: The Madani government has seen a slight improvement in voter ratings as its second administrative year comes to a close. According to findings of a Merdeka Centre survey released on Monday (Dec 23), 54% of voters polled gave the Prime Minister a positive rating, up from 50% last year. The overall rating for the Federal...
KUALA TERENGGANU: A plantation manager lost RM205,983 after falling victim to a non-existent investment scheme. Acting Kemaman police chief DSP Wan Muhamad Wan Ja'afar said that the 56-year-old male victim had invested in the Goldencrimson scheme, which was advertised on social media. The victim, drawn in by the promise of high returns, made 12 transactions, to eight...
