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  Up to RM50,000 interest-free loan for hawkers, petty traders
Posted by: superadmin - 12-03-2021, 06:49 PM - Forum: Business. Economy and Investment - No Replies

[Image: Ismail-Sabri-Yaakob-bernama-3122021.jpg]

PETALING JAYA: Hawkers and petty traders can now apply for up to RM50,000 in interest-free loans.

This comes under a RM48.52 million micro-financing scheme announced by Prime Minister Ismail Sabri Yaakob today.

In his speech at the Hawkers and Petty Traders Day celebration today, Ismail said the shariah-compliant loans would be offered by Bank Rakyat, an agency under the entrepreneur development and cooperatives ministry, to improve and redevelop existing businesses.

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  The drought ravaging East African wildlife and livestock
Posted by: superadmin - 12-03-2021, 11:57 AM - Forum: Environment Protection News - No Replies

At least 26 million people are struggling for food following consecutive poor rainfall seasons in the Horn of Africa.

Drought conditions in northern Kenya, much of Somalia and southern Ethiopia are predicted to persist until at least mid-2022, putting lives at risk.

The situation is already so bad that wild animals are dying in their hundreds and herders are reporting losses of up to 70% of their livestock.

The BBC’s senior Africa correspondent Anne Soy reports from Wajir in northern Kenya.

WARNING: This video contains images of dead animals which some people may find distressing.

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  The rescue of Parwana: 9-year-old child bride is taken to safety in Afghanistan
Posted by: superadmin - 12-03-2021, 11:51 AM - Forum: Stop Gender Inequality - No Replies

(CNN)Driving through a snow-capped mountain pass, the young mother huddles together with her six children in the backseat of a car after leaving their makeshift camp in northwestern Afghanistan.

Carrying only a blanket for warmth, 9-year-old Parwana Malik balances on her mother's lap beside her siblings, as the family is rescued by an aid group that saves girls from child marriage.

"I am really happy," Parwana said during the journey. "The (charity) rid me from my husband and my husband is old."

Last month, CNN reported that Parwana and several other underage girls were being sold by their fathers so other members of their families could eat.

At the time, Parwana's father Abdul Malik said she cried day and night before, begging him not to sell her, saying she wanted to go to school and study instead.

After an international outcry as a result of CNN's story, Parwana was returned to her family due to the backlash from the community against the buyer.

The United States-based non-profit Too Young to Wed (TYTW) had also got involved to relocate the girls, their siblings and their mothers to a safe house.

"This is a temporary solution," said Stephanie Sinclair, the founder of TYTW. "(But) really what we're trying to do is prevent girls being sold into marriage."

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  US sues to block chipmaker Nvidia’s US$40 bil merger with UK’s Arm
Posted by: superadmin - 12-03-2021, 11:41 AM - Forum: Business, Economy and Investment - No Replies

[Image: 20211203_nvidia_afp.jpg]

WASHINGTON – United States regulators filed a lawsuit yesterday to block the US$40 billion (RM169.4 billion) merger of graphics chip star Nvidia with mobile chip technology powerhouse Arm Ltd, fearing it would undermine competition.

The move comes as US President Joe Biden strives to ramp up domestic chip production to ease the American industry’s reliance on imports.

“The proposed vertical deal would give one of the largest chip companies control over the computing technology and designs that rival firms rely on to develop their own competing chips,” the Federal Trade Commission said in a release, calling chips “critical infrastructure”.

The world faces a global shortage of semiconductors, choking production of a wide range of products including automobiles, sending new and used car prices surging.

FTC echoed concerns expressed about the merger by regulators in the United Kingdom, who recently ordered an in-depth probe of the takeover.

Digital Secretary Nadine Dorries last month asked the Competition and Markets Authority (CMA) regulator for a Phase Two probe into the acquisition, according to the British government.

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  Is Malaysia suffering from ‘adviser mania’, asks Kit Siang
Posted by: superadmin - 12-03-2021, 11:32 AM - Forum: Politics - No Replies

[Image: LIM_KIT_SIANG_KL_HIGH_COURT_FMT_02032021-1.jpg]

PETALING JAYA: DAP veteran Lim Kit Siang has asked if Malaysia is suffering from an attack of “adviser mania”, following reports that the prime minister will be getting another special adviser – on health matters.

He wonders if Ismail Sabri Yaakob will eventually have 31 special advisers, shadowing the 38 ministers in the Cabinet, with each minister also having a special adviser.

This follows yesterday’s announcement by special functions minister Abdul Latiff Ahmad that Ismail is to get yet another special adviser to assist him, with the appointment of a health adviser.

In a written parliamentary reply, Latiff said there were three special adviser roles to the prime minister – on law and human rights, religious affairs, and health.

While Pengerang MP Azalina Othman Said and Kedah Umno chief Jamil Khir Baharom have filled up the first two roles, respectively, the special health adviser is “still in the process of being appointed”, he said.

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  ADUN SPEAKS | Special envoys, special advisers, what special next?
Posted by: superadmin - 12-03-2021, 11:20 AM - Forum: Politics - No Replies

[Image: b0e851d10aa641cdac9c10b4a1dd7ec3.jpg=s800]

ADUN SPEAKS | Prime Minister Ismail Sabri Yaacob must be so inept that he needs three special advisers to assist him to administer the country.

The three special advisers will be paid a total of RM150,000, each getting RM50,000 per month.

I have no complaints if the funds are coming from the pockets of Ismail Sabri, but unfortunately, the money is from government funds contributed by taxpayers.

Having four special envoys was bad enough, now we have three special advisers.

What special appointments are in the offing are not known for the time being.

The power of patronage is such that the creation of special positions seems to be an indelible part and parcel of the present system based on “I scratch your back, you scratch mine”.

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  Barclays, RBS, HSBC,and Credit Suisse fined for taking part in forex trading cartel
Posted by: superadmin - 12-02-2021, 09:09 PM - Forum: Business, Economy and Investment - Replies (2)

Barclays, RBS, HSBC, Credit Suisse and UBS fined for taking part in forex trading cartel

[Image: 104226861-GettyImages-631902232.jpg?v=15...=740&h=416]

The European Commission has fined five banks for participating in an illegal foreign exchange trading cartel.

UBS, Barclays, RBS, HSBC and Credit Suisse were fined a combined total of 344 million euros ($390 million), the commission said in a statement Thursday.

The investigation, focused on the trading of G-10 currencies, revealed that foreign exchange traders in these five banks discussed sensitive information and trading plans. They occasionally coordinated their trading plans via a professional online chatroom called Sterling Lads, the commission said.

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  Covid: Trigger of rare blood clots with AstraZeneca jab found by scientists
Posted by: superadmin - 12-02-2021, 08:13 PM - Forum: Covid-19 Pandemic - No Replies

[Image: _121794649_gettyimages-1310458105.jpg]

Scientists believe they have found "the trigger" that leads to extremely rare blood clots after the Oxford-AstraZeneca Covid vaccine.

The team - in Cardiff and the US - have shown in exquisite detail how a protein in the blood is attracted to a key component of the vaccine.

They think this kicks off a chain reaction, involving the immune system, that can culminate in dangerous clots.

The vaccine is thought to have saved about a million lives from Covid.

However, concerns about rare blood clots shaped how the vaccine has been used around the world including an alternative being offered to the under-40s in the UK.

It also started a scientific detective hunt to figure out what was going on and if it could be prevented. The Cardiff team were given emergency government funding to find the answers.

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  Wong Chen raises alarm on controversial Sabah carbon deal
Posted by: superadmin - 12-02-2021, 06:19 PM - Forum: Politics - No Replies

[Image: Kanyon-Imbak-Bernama-290819.jpg]

KOTA KINABALU: A PKR leader has demanded that the Sabah government disclose full details of a controversial carbon deal it provisionally agreed with a little-known Singaporean firm.

Subang MP Wong Chen said the deal, which is known as the Nature Conservation Agreement (NCA), essentially covers up to two million hectares of state forest land for a period of 100 years.

He said it had been reported that during this period, 30% of the profits from carbon credits generated would be paid to the firm, Hoch Standard Pte Ltd.

“I am particularly alarmed to read that deputy chief minister Jeffrey Kitingan, when defending the deal, said Sabah could earn RM3.2 billion worth of carbon credits from the two million hectares of forest, yearly.

“If these numbers are real, the state government has to justify why Hoch Standard should be paid RM960 million a year for the next 100 years,” he said, in a press conference held at the Parliament building today.

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  No merger with PKR, says Amanah’s No 2
Posted by: superadmin - 12-02-2021, 04:53 PM - Forum: Politics - No Replies

[Image: Salahuddin-Ayub-Bernama.jpg]

PETALING JAYA: Amanah deputy president Salahuddin Ayub has quashed talk of a merger with PKR, saying his party will not entertain any such proposal.

The Pulai MP told FMT that the matter had not been raised or discussed in Pakatan Harapan, adding that the proposal was also not the official stand of either party.

“This matter is not even an issue. It just came from certain quarters and it’s not the official view of the parties concerned.


“We have formed Amanah and are a part of PH until this day. And we will remain comrades in PH,” he said, of the PAS splinter party.

Yesterday, PH chairman and PKR president Anwar Ibrahim said a formal proposal for PKR and Amanah to be merged had been received although no discussions had been held yet.

He said the leaders of both parties were aware of the proposal and would explore the idea, adding that the proposal to merge both parties had been thrown around for some time by some members of PKR.

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