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| TNB’s net profit touches RM1bil in first quarter |
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Posted by: superadmin - 05-30-2023, 07:23 AM - Forum: Business. Economy and Investment
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PETALING JAYA: Tenaga Nasional Bhd’s (TNB) net profit in the first quarter ended March 31, 2023 (Q1 FY2023) rose 12.2% to RM1 billion from RM893.1 million a year ago on the back of higher revenue and lower tax provisions which offset higher operating expenses.
Quarterly revenue was up 3.9% to RM12.63 billion from RM12.15 billion, on higher sales of electricity with demand growth of 0.8%, TNB said.
The increase was primarily attributed to lower tax provisions recognised in the current quarter, resulting from the higher utilisation of the reinvestment allowance incentive, the utility giant said in a filing with Bursa Malaysia today.
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| Alarming acceptance: Half of M’sians consider corruption normal in society |
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Posted by: superadmin - 05-29-2023, 07:29 AM - Forum: Stop Corruptions
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IN a startling revelation, a recent study conducted by the Asian Barometer Survey found that an alarming 50% of Malaysians consider corruption to be a routine and accepted part of their country’s social fabric.
The study highlighting the normalisation of corruption within society, particularly resonates among low-income groups residing in rural areas.
The findings serve as a wake-up call to the Malaysian government to take decisive action to combat corruption and restore faith in the integrity of the nation.
With transparency, robust anti-corruption measures and a focus on socioeconomic upliftment, Malaysia can pave the way for a brighter, corruption-free future.
University of Nottingham Malaysia honorary research associate and leading expert Dr Bridget Welsh warned that the Malaysian government must urgently address the underlying causes behind this acceptance and identify why corruption has become ingrained in society.
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| Hadi wants a dominant role if PAS joins the unity government |
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Posted by: superadmin - 05-28-2023, 08:21 PM - Forum: Politics
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WHILE claiming that “certain people” had frequently sought him to join Prime Minister Datuk Seri Anwar Ibrahim’s unity government, PAS president Tan Sri Abdul Hadi Awang stated that PAS will only join a government where it has a dominant role.
It’s all about statistics for Hadi, which reminds us of Hadi’s famous ‘Jumlah sudah cukup’ (numbers are enough) remark on election night in November 2022.
The Perikatan Nasional (PN) deputy chairman made it clear that any offer to join the government should see PAS given a dominant role.
He said that of all parties in Parliament, PAS had the most parliamentary seats
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| Republicans, Biden reach debt ceiling deal |
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Posted by: superadmin - 05-28-2023, 02:22 PM - Forum: Business, Economy and Investment
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WASHINGTON: The top Republican leader said today, after marathon talks, that he and the White House had agreed to a draft deal on raising the US debt ceiling and said Congress will vote on Wednesday – just days before the country plunges into default.
“After weeks of negotiations we have come to an agreement in principle,” Speaker Kevin McCarthy said in a statement from the House of Representatives.
McCarthy, who spoke with Biden today to try to close the deal, said he would consult again with the president tomorrow and oversee final drafting of the bill.
The House will “then be voting on it on Wednesday”.
Raising the debt ceiling – a legal manoeuvre that takes place most years without drama – allows the government to keep borrowing money and remain solvent.
The treasury estimated that it would run out of money on June 5.
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| Civil servant arrested for embezzling RM24.8 mil govt funds |
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Posted by: superadmin - 05-28-2023, 09:24 AM - Forum: Stop Corruptions
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GUA MUSANG – Police arrested the assistant accountant of a government agency here after he allegedly squirrelled away RM24.8 million since 2016.
Kelantan police chief Datuk Muhamad Zaki Harun said after receiving a report on the matter Friday, the 37-year-old male suspect, who is an assistant accountant at the agency, was arrested at 12.21am.
“Police received a report related to the criminal breach of trust (CBT) committed by the civil servant of the government agency over the loss of government money managed by the finance division of the agency from the trust fund and development fund.
“A preliminary investigation found that the suspect committed this incident (of CBT) from 2016 to May 2023.
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| Do your part to fight graft in govt projects, professionals told |
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Posted by: superadmin - 05-28-2023, 08:59 AM - Forum: Stop Corruptions
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PETALING JAYA: Everyone, including professionals involved in government projects, has a role to play in combating corruption and the abuse of funds, a political analyst said.
Bridget Welsh of the University of Nottingham Malaysia said professionals such as accountants, lawyers and consultants played important roles in safeguarding public funds that are allocated for government projects.
“I think professionals can play a more active role in self-regulating in these areas to make sure the gates stay locked.
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