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MACC freezes Bersatu accounts |
Posted by: superadmin - 02-01-2023, 06:00 PM - Forum: Stop Corruptions
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KUALA LUMPUR – Bersatu’s accounts have been frozen for investigations under money laundering laws, Malaysian Anti-Corruption Commission (MACC) chief Tan Sri Azam Baki said.
The anti-graft agency chief commissioner confirmed this to the media, saying the party’s accounts were being probed on suspicion of receiving illegal proceeds.
“Investigations are being done according to the MACC Act 2009 and the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act,” Azam said.
Azam’s confirmation did not mention the MACC’s ongoing investigations into the RM92.5 billion in economic stimulus funds that were allegedly misappropriated when Bersatu’s chief Tan Sri Muhyiddin Yassin was prime minister.
Muhyiddin also leads the Perikatan Nasional coalition, which ran the government from March 2020 to August 2021.
However, MACC already has investigation papers opened into the RM92.5 billion since December.
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Complete US ban on Huawei a 'paranoid, last-ditch' move, set to bite US companies too |
Posted by: superadmin - 02-01-2023, 11:15 AM - Forum: Politics
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Complete US ban on Huawei a 'paranoid, last-ditch' move, set to bite US companies more
The Biden administration has reportedly halted approving licenses for US suppliers to export most items to Chinese tech company Huawei, and is weighing complete ban to cut Huawei off from all American suppliers, a sign that paranoid Washington has taken its relentless assault on the Chinese tech industry a step further and morphed it into a geopolitical battle for supremacy.
Targeting Huawei, a representative of China's rising high-tech industry, is not a new development, as the tech giant was added to the US trade blacklist four years ago. But what is ironic, according to observers, is that after years of "whack-a-mole" restrictions on a raft of Chinese tech firms, the Biden administration had to abruptly jump back to the original target.
The playbook not only lays bare that the US' export controls were futile in undercutting Chinese tech capabilities, but also mirrors Washington's desperation to "up the ante" ahead of the so-called second Summit for Democracy in March, during which it aims to rope in more allies to push for industrial decoupling with China.
The ban, when coming into effect, is estimated to have certain impacts on Huawei's smartphone and laptop businesses, though the Chinese company could substitute American suppliers with other companies such as MediaTek. The controls will strike at US companies more, which are already grappling with sliding revenues and huge layoff pressures, analysts warned.
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From Rags To Riches: The True Inspirational Origin Story Of Malaysia’s Ramly Burger |
Posted by: superadmin - 01-31-2023, 08:33 PM - Forum: Inspiring Stories
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Life isn’t easy and there are days we just feel like giving up. Sometimes we just a need an inspirational story to keep us going. There’s a lot of books, movies and TV series out there where the main character achieved their goal in the end.
While fiction can help, maybe all we need is 1 true story about someone who went from rags to riches to really get us motivated. From being rejected from a loan to start his own business to now exceeding RM1 billion in annual sales, here’s the story about the founder of popular burger brand, Ramly Burger.
Ramly Bin Mokni was born in Tanjung Piandang, Perak and raised in Sekinchan with his 16 siblings. Once he was old enough, he moved to Kuala Lumpur to find a job. How did the idea of owning a burger business come about? It was actually when a customer asked him back in 1978.
When Ramly was working in a supermarket, a customer asked him if there were burger patties made by a bumiputera as it wasn’t very popular back in those days, plus people weren’t very sure if the burger meats were halal. That ignited an idea in Ramly.
He then decided to create his own halal burger meat recipe with his wife, Shala Siah Binti Abdul Manap. Ramly went to apply for a RM7,000 loan at MARA (Majlis Amanah Rakyat) to start his business but sadly he was rejected. Instead, he used his own savings of RM2,000.
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Malaysia’s score slips in Transparency International’s corruption index |
Posted by: superadmin - 01-31-2023, 05:43 PM - Forum: Stop Corruptions
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KUALA LUMPUR – Malaysia obtained a lower score in the Transparency International (TI) Corruption Perceptions Index (CPI) 2022, garnering 47 out of 100 points, dropping from 48 points the previous year.
The country’s CPI ranking has also improved by an inch, from 62 last year to 61, according to the graft watchdog’s CPI report published today.
For further context, Malaysia scored 51 points in 2020 and 53 points in 2019, showing a downward trend of deteriorating ranking for the last three years.
The CPI ranks 180 countries and territories by their perceived levels of public sector corruption on a scale of zero (highly corrupt) to 100 (very clean).
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