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Bullish February trade lifts ringgit higher against US dollar Posted by: superadmin - 04-13-2022, 10:24 AM - Forum: Business. Economy and Investment - No Replies KUALA LUMPUR (April 13): The ringgit snapped its five-day losing streak against the US dollar in the early trade on Wednesday (April 13) as the encouraging trade figures for February sparked risk appetite for the local currency, a dealer said. At 9am, the local note had risen to 4.2290/2320 versus the greenback from Tuesday’s close at 4.2305/2330. “This (the trade performance) managed to offset the currently stronger US dollar on the back of growing expectations that the US Federal Reserve might increase its key rate as the latest data showed that inflation was higher than expected. - More -   ALR plan to acquire Klang Valley highways gets thumbs up from financial institutions Posted by: superadmin - 04-13-2022, 10:15 AM - Forum: Business. Economy and Investment - No Replies KUALA LUMPUR – Amanat Lebuhraya Rakyat Bhd (ALR) has received positive responses from financial institutions for its plan to acquire four major highways in the Klang Valley given the sound business of the concessionaires, a source said. The source close to the proposal, which will see a trustee taking ownership of the highways and keeping toll rates unchanged till the end of their concessions, said ALR has not only convinced the financial institutions on the viability of the proposal, but is now feeling rather bullish that any bonds or sukuk to be issued would good ratings and be well received. ALR has offered to entirely acquire the Shah Alam Expressway (Kesas), Western Kuala Lumpur Traffic Dispersal System (Sprint Highway), Damansara-Puchong Expressway (LDP), and Stormwater Management and Road Tunnel (Smart), for an aggregate enterprise value of RM5.48 billion. “The financial institutions involved have deemed that the business model is sound. - More -   Federal Court to rule on constitutionality of Penang anti-hopping law Posted by: superadmin - 04-13-2022, 09:10 AM - Forum: Politics - No Replies PETALING JAYA: The High Court has allowed an application by the Penang state assembly and its Speaker to refer to the Federal Court whether the state’s anti-hopping law violates the constitutional right to freedom of association. Penang-based judicial commissioner Azizan Md Arshad, who delivered the ruling today, said the two had fulfilled the requirements of Article 128 of the Federal Constitution and Section 84 of the Courts of Judicature Act. - More -   S&P 500, Nasdaq fall for a third day, reversing earlier gains Posted by: superadmin - 04-13-2022, 08:59 AM - Forum: Business, Economy and Investment - No Replies S&P 500, Nasdaq fall for a third day, reversing earlier gains, after report shows highest inflation since ’81 Stocks fell on Tuesday, after an early morning bounce gave way to selling as investors weighed the latest U.S. inflation data. The report showed another sharp increase in prices for last month. The S&P 500 declined 0.34% to 4,397.45, and the Nasdaq Composite fell 0.30% to 13,371.57, as both averages posted losses for a third trading day. The Dow Jones Industrial Average closed 87.72 points lower, or 0.26%, to 34,220.36. The major averages were sharply higher to start the session, with the Dow rallying as much as 361.89 points, or about 1.1%. The S&P 500 and Nasdaq were up as much as 1.3% and 2%, respectively, at their highs of the day. Wall Street was trying to recover from steep losses suffered in the previous session. - More -   Malaysians really want a credible opposition Posted by: superadmin - 04-13-2022, 08:44 AM - Forum: Politics - No Replies Remember when Pakatan Harapan secured their surprise election victory back in 2018? Many expressed their joy as if it were Merdeka Day relived. There was so much hope about a Malaysia Baru being born. Now, remember the state elections in Johor. Melaka and Sarawak before that. The rekindled Barisan Nasional seems to have wiped away the blip of history where PH was the government, as if it never happened. It’s almost four years since that general election in 2018, and there is a completely changed political landscape. We have to ask the question why? One thing those observing Malaysia at the time would clearly remember was the growing loss of hope and later disillusionment with the PH government over its short 20 months in power. In the beginning, everyone, even Umno supporters, had held hopes of seeing real reforms, only to have their hopes shattered by the coalition’s complete failure to deliver. Then there were the nasty party splits, symbolised with the treacherous defection of the Azmin Ali group from PKR during the Sheraton Putsch, which created what many have described as a ‘backdoor’ government. This enraged many. However, Anwar Ibrahim as the ‘then prime minister in waiting’ failed to take the opportunity to rally PH supporters to the moral cause of winning back the government. With the advent of the pandemic, the rakyat lost their rage as their lives turned towards the need to just survive. - More -   15 Financial Facts That Just Might Scare The Living Daylights Out Of You Posted by: superadmin - 04-12-2022, 04:40 PM - Forum: Business, Economy and Investment - No Replies   DAP concedes ‘obvious’ drop in support for PH, says Loke Posted by: superadmin - 04-12-2022, 03:49 PM - Forum: Politics - No Replies PETALING JAYA: DAP secretary-general Loke Siew Fook has conceded that there is a significant drop in support for Pakatan Harapan (PH). In the case of DAP’s performance in the Johor state election last month, Loke said the percentage of those who voted for the party was lower than in previous elections, though DAP managed to retain 10 seats. He said the party would discuss and set a specific action plan for the next four months to regain support. “The entire DAP election machinery must be ready by August this year,” he said in a Facebook post today. He said the voting pattern analysis was presented at the DAP’s central executive committee (CEC) retreat today to understand the impact it would have on the 15th general election (GE15). - More -   Shehbaz Sharif elected new Pakistan PM, vows to promote CPEC projects Posted by: superadmin - 04-12-2022, 09:22 AM - Forum: Politics - No Replies Political changes within Pakistan could bring instability after the new prime minister was elected on Monday because the struggles between the supporters of ousted former prime minister Imran Khan and other political parties are unlikely to end easily, and although China doesn't need to be worried about its solid friendship with Pakistan, internal chaos in the country could affect some cooperation projects to some extent, said analysts from China and Pakistan.  The opposition's joint candidate and the President of the Pakistan Muslim League, Nawaz Shehbaz Sharif, became the new Pakistan Prime Minster since the candidate of the PTI (Pakistan Movement for Justice), former foreign minister Shah Mehmood Qureshi, quit the election held by the National Assembly on Monday. PTI parliamentarians walked out of the National Assembly after their candidate Qureshi announced a boycott of the polling process, according to Pakistani media. - More -   India highlights loopholes of US’ ‘Ukrainian narrative Posted by: superadmin - 04-12-2022, 09:14 AM - Forum: Politics - No Replies US President Joe Biden met virtually with Indian Prime Minister Narendra Modi on Monday. After that, the meeting between their foreign and defense ministers, known as the 2+2 Dialogue, will take place in Washington. Before the meeting, Washington was high profile, repeatedly underlining that the US and India share "common values and resilient democratic institutions," and reaffirmed their shared interests and commitments in the Indo-Pacific region. But a great deal of time has been spent on discussing the Russia-Ukraine conflict, and the response of New Delhi obviously differs from that of Washington. Everyone can see that no matter how much the US emphasizes its strategic partnership with India, no matter how euphemistic it sounds, it cannot cover up the big divergence between the two countries on the Russia-Ukraine conflict, nor will it change the fact that US pressure on India to condemn Russia is the theme of their meeting. The parties concerned are fully aware of this. US Deputy Secretary of State Wendy Sherman recently bluntly stated that "We, obviously, would prefer that India move away from their long-term history of non-alignment G77 partnership with Russia." This aroused the anger of many netizens in India: "India does not belong to the United States." "India wants the United States to stop aligning with any country. Will the United States listen?" - More -   Party chiefs, ministers asked me to hop parties, claims Batu MP Posted by: superadmin - 04-12-2022, 08:40 AM - Forum: Stop Corruptions - No Replies KUALA LUMPUR: P Prabakaran (PH-Batu) claims that numerous senior politicians including the heads of political parties and ministers had approached him to defect from Pakatan Harapan during the lockdown in 2020. The PKR MP told the Dewan Rakyat that their attempts to coax him to join the government bloc had failed, adding that he had more “honour and principles” than the 39 MPs who had hopped parties since 2018. “During the lockdown (in 2020), many ministers, deputy ministers, politicians and party presidents approached me to hop over there (the government bloc). “They thought that, as the youngest MP, I had no principles or political direction. They thought they could influence me into hopping to the government bloc, but they failed. “There was a politician who told me: ‘What government-linked company (GLC) do you want? You choose, I can give.’” - More - Pages (1229): « Previous 1 … 726 727 728 729 730 … 1229 Next » Jump to page: