Top Thai officials pile pressure on central bank to ease rates, citing bank profits

BANGKOK (Bloomberg): Thai Prime Minister Srettha Thavisin’s key aides renewed calls for an early rate cut to rein in commercial banks from making excessive profits, arguing the highest borrowing costs in a decade will further aggravate an economic crisis. The Bank of Thailand should set rules to lower the net interest margin earned by commercial banks...

Anwar, Wan Azizah extend wedding wishes to Prince Abdul Mateen, wife

KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim and wife Datuk Seri Dr Wan Azizah Wan Ismail have extended prayers and well-wishes for the marriage of Sultan Brunei’s son, Pengiran Muda Abdul Mateen Bolkiah and his wife, Pengiran Anak Isteri Pengiran Anisha Rosnah Adam. In a post on Facebook, Anwar said he and Dr Wan Azizah...

Malaysia Madani on the world stage

PETALING JAYA: Prime Minister Datuk Seri Anwar Ibrahim will take his concept of Malaysia Madani to the world stage when he addresses the United Nations General Assembly tomorrow in his maiden appearance as leader of the country. Anwar is scheduled to deliver his statement at the general assembly at 10am tomorrow, or 10pm Malaysian time. Besides the...

‘Segulai Sejalai’ musical draws rousing applause at Malaysia Day celebration

KUCHING: The Segulai Sejalai musical presented in conjunction with the national-level Malaysia Day celebrations at Stadium Perpaduan, here, on Saturday (Sept 16) night drew rousing applause from the more than 5,000 people in the audience. The 20-minute, three-segment performance highlighted the quest for independence in the peninsula, Sabah and Sarawak up to the present day. The characters of freedom...

Malaysia’s new PM retains finance minister, senior figures in cabinet

Malaysian Prime Minister Ismail Sabri Yaakob.Facebook/ismailsabri60  Malaysian Prime Minister Ismail Sabri Yaakob unveiled his cabinet on Friday (Aug 20), re-appointing the finance minister and several others from the previous administration, in the hope of restoring political stability amid a Covid-19 crisis. Ismail Sabri was sworn in as prime minister last week, succeeding Muhyiddin Yassin who had resigned...

Malaysian PM to announce new cabinet this week: Bernama

Malaysia's new Prime Minister Ismail Sabri Yaakob will announce his cabinet line-up this week, state news agency Bernama reported on Monday (Aug 23), citing the premier. Ismail Sabri was sworn in on Saturday following the resignation of Muhyiddin Yassin last week. He took charge as the Southeast Asian nation battles its worst surge in Covid-19 infections and...

Malaysian King summons 114 MPs to verify their support for Ismail Sabri Yaakob as PM

The MPs had backed Ismail Sabri Yaakob, who is also the outgoing deputy premier, to be prime minister.Facebook/ismailsabri60 All eyes will be on the palace yet again on Thursday (Aug 19), as Malaysia's King is set to meet with 114 Members of Parliament who signed statutory declarations to support former deputy premier and Umno vice-president Ismail Sabri...

JUST IN: PM, Ministers & Deputy Ministers Will Have 2-Month Pay Cut

According to Bernama, the whole cabinet will be facing a 2-month pay cut! Source: Bernama According to the document posted, this decision was made on 25th March in a cabinet meeting. Those affected are the Prime Minister, Ministers and Deputy ministers. They will be facing a two-month pay cut and the money will all go into the “Tabung...

Mahathir says he will definitely hand power over to Anwar

Mahathir: Anwar will be next PM The confirmation follows a months-long rumour that Mahathir would make Economic Affairs Minister Azmin Ali his successor instead. In an interview with the Sydney Morning Herald published on Monday, Nov. 4, Mahathir replied, “Yes I will”, when asked if he will definitely pass on the baton to the People’s Justice Party (PKR) president.   Will step down...