KUALA LUMPUR: Bursa Malaysia Bhd recorded an improved financial performance in FY23 as operating revenue rose amid an increase in trading activity In the fourth quarter of the financial year ended Dec 31, 2023, the stock exchange operator registered a net profit of RM59.55mil as compared to RM49.01mil in the same quarter in 2022. The exchange's basic earnings per...
ALOR GAJAH: The Melaka state government will announce its new water tariff on Wednesday (Jan 24) by prioritising the interests of consumers and stakeholders, says Chief Minister Datuk Seri Ab Rauf Yusoh. He said the water tariff adjustment would not burden the consumers too much, thus helping the sustainability of supply to all parties. "The ceiling level...
SEOUL: It reads like a K-drama plot: an ex-spy kidnaps a woman from an upscale district of Seoul over a crypto dispute, then kills her with drugs from a plastic surgery clinic. The case of purported spy-turned-hitman Lee Kyung-woo, who was sentenced to life in prison in October, has shocked South Korea, a safe and almost drug-free...
JASIN: A married couple, both of whom are directors of a woodcarving company, lost over RM1.6mil after falling prey to an investment scam on Facebook. Jasin OCPD Deputy Supt Ahmad Jamil Radzi said the wife, 38, was contacted by three individuals on three different numbers after expressing interest in an investment scheme on Facebook. "She was then...
SHAH ALAM: The political stability enjoyed under the unity government over the past year has attracted many global industrial giants to invest in Malaysia, says Prime Minister Datuk Seri Anwar Ibrahim. Anwar, who is also the Finance Minister, said companies like Google, TikTok, Infineon Technologies AG, China's automotive company Geely and Tesla have confidence in Malaysia's...
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...
JOHOR BARU: Johor police received 16 reports of fraud cases involving illegal investment activities with a cumulative total loss of RM1.08mil. State police chief Comm Datuk Kamarul Zaman Mamat said the cases were recorded from Oct 20 to Oct 26 this year with losses starting from as low as RM300 up to RM315,469. “Victims are tricked into...
RIYADH: Prime Minister Datuk Seri Anwar Ibrahim has arrived here for the inaugural Asean-Gulf Cooperation Council (GCC) Summit. The aircraft carrying the Prime Minister touched down at the King Khalid International Airport, about 35km north of here, at 8.15pm Thursday (Oct 20) local time (1.15am Friday, Oct 20, Malaysian time). Anwar and other members of the Malaysian...
KUALA LUMPUR: Investors on Bursa Malaysia continued to position themselves for the tabling of Budget 2024 on Friday amid a global market rally as recent comments from US Federal Reserve officials suggested fears of another rate hike were overdone. At 12.30pm, the benchmark FBM KLCI was up 9.05 points to 1,445.54 while the overall market was...
ABU DHABI: Prime Minister Datuk Seri Anwar Ibrahim's working visit to the United Arab Emirates (UAE) on Thursday and Friday (Oct 5 and 6) only lasted about 36 hours, but that short period led to great benefits for the country, especially in terms of foreign investment. Anwar’s packed schedule started on Thursday with a meeting with...
