KULAI: The success of the Kulai Fast Lane and the adoption of artificial intelligence (AI) by the Kulai Municipal Council (MPKu) should be emulated by other local authorities to improve service quality. Chief Secretary to the Government Datuk Seri Shamsul Azri Abu Bakar said it was one of the reform initiatives that can improve the delivery...
SHAH ALAM: A retiree lost almost five million ringgit after she was duped to invest her life savings in an investment scam. In a statement on Thursday (June 6), Shah Alam OCPD Asst Comm Mohd Iqbal Ibrahim said the victim, aged 63, had started investing her money after she responded to an advertisement on Facebook. "She was...
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has arrested a company director and a law firm owner on suspicion of submitting false information related to foreign currency investments, totalling approximately RM38mil. Sources indicate that the two men, both in their 50s, are suspected of submitting false information, including investment plans, insurance protection schemes and weekly reports,...
SHAH ALAM: The Employees Provident Fund (EPF) recorded RM66.99bil in total investment income for the financial year ended Dec 31, 2023 – which is a 29% year-on-year increase from the RM51.91bil reported in 2022. The total investment income was reported after netting off equity write-downs. Of the RM66.99bil in total investment income, RM5.72bil was generated from mark-to-market...
TV personality and founder of hedge fund Cramer & Co. Jim Cramer called the decline in Bitcoin a “nasty beginning to the sell-off”. In his post in X on Jan. 19, Cramer doubted the prospects for further growth of the first cryptocurrency. As an argument, he noted that an asset cannot double in price by hundreds...
KOTA KINABALU: Sabah welcomes foreign investors to explore collaboration opportunities in the state. Chief Minister Datuk Seri Hajiji Noor said Sabah is rich with natural resources and other industries that can be tapped into with government-linked companies or the private sector in the state. “We hope to get more foreign investments and attract interests from investors to...
KUALA LUMPUR: The Investment, Trade and Industry Ministry (Miti) expects approved investments to record stronger growth in the second half of 2023 (2H2023), on track to hit its annual target, after achieving RM132.6bil worth of approved investments in the first half of 2023 (1H2023). "I am pleased with our achievement in 1H2023, securing RM132.6bil, representing 60.3%...
NANNING: Malaysia and China have inked three memoranda of understanding (MOUs) worth RM19.84bil. The first MOU, worth RM15bil, was inked between Citaglobal Bhd and Shanghai Sus Environment on exploring the potential collaboration for developing waste to energy power plants primarily in Malaysia. ALSO READ: M'sia recorded RM132.6bil in approved investments for first half of 2023, says Tengku Zafrul The...
Johor Ruler: Crucial for Malaysia to maintain ties with key trading partner PETALING JAYA: It’s crucial for Malaysia to maintain friendly relations with China, says Johor Ruler Sultan Ibrahim ibni Almarhum Sultan Iskandar (pic). Describing the Asian superpower as a “good and reliable” investment partner, His Majesty said Johor has had a long-standing good relationship with China...
KOTA KINABALU: Sabah has secured another RM300mil investment from SK Group, the second-largest conglomerate in South Korea. “This comes after SK Nexilis (as part of SK Group’s electric vehicle value chain) invested RM4.2bil to construct the world's largest copper foil manufacturing plant in Sabah (since 2021),” said state Industrial Development and Entrepreneurship Minister Phoong Jin Zhe...
