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Provide more info on corrupt practices during pandemic, MACC told Posted by: superadmin - 05-25-2022, 09:12 AM - Forum: Stop Corruptions - No Replies PETALING JAYA: DAP has called on the Malaysian Anti-Corruption Commission (MACC) to provide more information about its investigations into corrupt practices during the Covid-19 pandemic. MACC chief Azam Baki yesterday revealed that the anti-graft agency had opened investigations into bribery in the procurement of medical services, fraud related to the supply of medical protective equipment, and abuse of power in distributing aid and stimulus packages during the pandemic. DAP secretary-general Loke Siew Fook today urged Azam to be more transparent in this matter and provide the public with more information such as which ministries and departments were involved. He said the public wanted to know “whether the cases involve ministers or deputy ministers, the value of corruption, and so on”. - More -   Scrap plans for more highways, Putrajaya urged Posted by: superadmin - 05-25-2022, 09:09 AM - Forum: Local News - No Replies PETALING JAYA: Two transport experts have urged the government to abandon plans to build new highways for the Klang Valley, saying they will not alleviate traffic congestion. Transport consultants Rosli Azad Khan and Goh Bok Yen said the government’s priorities were misplaced. Rosli Azad Khan said there were already too many highways in the Klang Valley and the government should resolve issues with the public transportation system before considering the construction of new ones. “It is time for us to consolidate and resolve the first mile and last mile issues of our public transport systems,” he told FMT. “They’re not operating at the optimal level, with so many of them constantly breaking down. Shouldn’t a responsible government resolve those issues first?” - More -   Analysts see more politicians rejoining Umno as GE15 nears Posted by: superadmin - 05-25-2022, 09:05 AM - Forum: Politics - No Replies PETALING JAYA: Analysts have predicted that some politicians who defected from Umno in the last four years will return to it as the next general election (GE15) gets closer. They said the recent return of Sinduman assemblyman Yusof Yacob to the party was an indication of what was coming. Ahmad Fauzi Abdul Hamid of Universiti Sains Malaysia said most of the returnees would be from Bersatu and Warisan which, he alleged, were formed to accommodate those who wanted to “jump on the anti-Umno bandwagon”. He said these parties lacked a clear long-term vision and were still struggling to garner support from the grassroots. - More -   M’sia among those to win big from high commodity prices: Moody’s Posted by: superadmin - 05-24-2022, 02:57 PM - Forum: Business. Economy and Investment - Replies (1) KUALA LUMPUR – Malaysia will be among the economies that will win big from the high commodity prices and will pay less of a price on the inflation side as it exports several times its domestic production, according to a Moody’s Analytics report. It highlighted that Malaysia, Colombia, Indonesia, and Saudi Arabia were among the few economies that would benefit from the high commodity prices. “For Colombia and Saudi Arabia, this is crude oil. For Indonesia and Malaysia, this is palm oil, the price of which has surged following severe global shortages of Russia- and Ukraine-produced sunflower oil,” senior economist Jesse Rogers said in an analysis titled “Emerging Market View: The Growth Recession”. He said across the rest of the emerging world, inflation is pushing higher, and central banks are not going to give up until it is tamed. - More -   Several cash trusts said to be Ponzi schemes Posted by: superadmin - 05-24-2022, 09:21 AM - Forum: Business. Economy and Investment - No Replies KUALA LUMPUR (May 24): The Association of Trust Companies Malaysia, together with Life Insurance Association of Malaysia, Malaysian Financial Planning Council and the Financial Planning Association of Malaysia, among others, will be bringing their grouses about certain cash trusts to DAP National Public Complaints Bureau chairman and member of parliament for Kepong, Lim Lip Eng, on Wednesday (May 25). Their key gripes are centred on extremely high returns promised by these trusts and other outfits with similar modus operandi, which they suspect could be a Ponzi scheme. Some of these companies are said to offer returns of as high as 36% per annum. In contrast, the fixed deposit rate of Malaysia's largest bank by market capitalisation, Malayan Banking Bhd (Maybank), is 2.1% for a 12-month tenure, and 2.35% for five years. And in FY2021, Maybank paid out a whopping 58 sen per share in dividends, which, while considered very high, translates to a yield of 7%.    To the uninitiated, a Ponzi scheme — named after Charles Ponzi who operated such a fraudulent system in the 1920’s — is an investment where depositors are promised a very high rate of returns, with seemingly low or zero risks. - More -   Biden says U.S. willing to use force to defend Taiwan — prompting backlash from China Posted by: superadmin - 05-24-2022, 09:10 AM - Forum: Politics - No Replies When asked at a joint news conference with Japanese Prime Minister Fumio Kishida whether the U.S. would be prepared to defend Taiwan if attacked, Biden replied, “Yes.” Taiwan’s Foreign Ministry thanked Biden for reaffirming U.S. support if Beijing invaded the island. However, China’s Foreign Ministry said the U.S. should not defend Taiwan independence, Reuters reported. U.S. President Joe Biden on Monday said he would be willing to use force to defend Taiwan, prompting thanks from the democratic, self-ruled island — but sharp criticism from China. When asked at a joint news conference with Japanese Prime Minister Fumio Kishida whether the U.S. would be prepared to defend Taiwan if attacked, Biden replied, “Yes.” “That’s the commitment we made,” Biden said. “We agree with the ‘one China’ policy. We signed on to it. All the attendant agreements [were] made from there. But the idea that that can be taken by force, just taken by force. It’s just not, it’s just not appropriate.” On his first trip to Japan since taking office, Biden said it was not his expectation that such an event would happen or be attempted. Taiwan’s Foreign Ministry thanked Biden for reaffirming U.S. support for the island if Beijing invaded. - More -   Make or break decisions for Bersatu Posted by: superadmin - 05-24-2022, 08:45 AM - Forum: Politics - Replies (1) A political party now sharing power with Umno in the government faces potential banishment to the cross-benches, being sidelined by both government and the opposition. Bersatu is an embattled party. Its future depends upon cooperation with either Umno or Pakatan Harapan to survive the coming general election. Alone, Bersatu will struggle to survive. The prime reason Bersatu became a political party was because of then deputy prime minister Muhyiddin Yassin’s sacking by former prime minister Najib Razak over his criticism of Najib and the 1MDB issue. Muhyiddin was soon joined by Dr Mahathir Mohamad and his son, Mukhriz, after expulsion from Umno. With support from DAP, PKR and Amanah under the umbrella of PH, the grouping defeated Najib and the Barisan Nasional at the 2018 general election. During the election campaign, Mahathir hammered the 1MDB issue and Najib’s corruption across the Malay heartlands and Bersatu managed to win 13 of the 50 seats it contested. Bersatu was able to grow its parliamentary numbers through party defections, increasing to 32 federal MPs, primarily from Umno, along with the ex-PKR Azmin Ali group. - More -   Court dismisses Apandi’s defamation suit against Kit Siang Posted by: superadmin - 05-23-2022, 07:09 PM - Forum: Politics - No Replies KUALA LUMPUR: The High Court has dismissed former attorney-general Apandi Ali’s defamation suit against Lim Kit Siang over an article published by the DAP veteran in 2019. Judge Azimah Omar found that Lim’s remarks in the article titled “Dangerous fallacy to think Malaysia is on the road to integrity” were not defamatory. - More -   What will bring the Ukraine war to an end? Posted by: superadmin - 05-23-2022, 11:12 AM - Forum: Politics - No Replies   Open up land for grain cultivation, DAP tells govt Posted by: superadmin - 05-23-2022, 10:16 AM - Forum: Business. Economy and Investment - No Replies PETALING JAYA: DAP has called on the government to set aside land for a nationwide grain cultivation programme to ensure sufficient supply of chicken feed. Malaysia is heavily dependent on imports such as wheat and corn which are used for chicken feed, with the war between Russia and Ukraine – which make up a third of global wheat production and are also major exporters of food grains like corn – severely impacting imports. - More - Pages (1234): « Previous 1 … 711 712 713 714 715 … 1234 Next » Jump to page: