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| Nur Jazlan slams Umno trio for defying party line |
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Posted by: superadmin - 06-06-2022, 10:55 AM - Forum: Politics
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PETALING JAYA: A Johor Umno leader says party colleagues Annuar Musa, Nazri Aziz and Tajuddin Abdul Rahman should “stop talking” because they do not contribute to the good of the party.
Nur Jazlan Mohamed, deputy head of Johor Umno, described the trio as “cowards” who just wanted to safeguard their seats, following their refusal to support the party’s push for an early general election.
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| Show who’s boss, Ramasamy tells Ismail |
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Posted by: superadmin - 06-04-2022, 04:57 PM - Forum: Politics
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PETALING JAYA: Ismail Sabri Yaakob should not cave in to pressure from Umno leaders who are calling for an early general election (GE15) if he wants to earn the respect of the rakyat and enhance his chances of continuing as prime minister, says DAP’s P Ramasamy.
He said Ismail has managed so far to withstand the push to call for a snap election as demanded by Umno leaders who are facing court action and their supporters, but said the pressure is mounting.
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| TerraUSD collapse will ‘probably be the end’ of most algorithmic stablecoins |
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Posted by: superadmin - 06-02-2022, 08:59 PM - Forum: Business, Economy and Investment
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TerraUSD collapse will ‘probably be the end’ of most algorithmic stablecoins, crypto exec says
- TerraUSD or UST, is an algorithmic stablecoin which was supposed to be pegged to the U.S. dollar. But it lost its dollar peg, collapsed and sent shockwaves through the crypto market.
- Reeve Collins, co-founder of BLOCKv and co-founder of another stablecoin tether, said the terraUSD debacle will “probably be the end” of so-called algorithmic stablecoins.
- The crypto industry also warned that regulation is likely to come for stablecoins as global governments look at the risks in the space.
Algorithmic stablecoins like terraUSD, which collapsed and sent shockwaves through the cryptocurrency market, are unlikely to survive, the co-founder of digital currency tether told CNBC.
Stablecoins are a type of cryptocurrency that is usually pegged to a real-world asset. TerraUSD or UST, is an algorithmic stablecoin which was supposed to be pegged to the U.S. dollar.
Whereas stablecoins like tether and USD Coin are backed by real-world assets such as fiat currencies and government bonds in order to maintain their dollar peg, UST was governed by an algorithm.
UST lost its dollar peg and that also led to a sell-off for its sister token luna, which crashed to $0.
The debacle has led to warnings that algorithmic stablecoins might not have a future.
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| Nicol David sets sights on changing kids’ future via NGO |
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Posted by: superadmin - 06-02-2022, 07:04 PM - Forum: Inspiring Stories
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PETALING JAYA: Malaysia’s squash legend Nicol David has launched the Nicol David Organisation (NDO), which seeks to empower children from less privileged backgrounds through sports and education.
Founded by David and former Colombian squash player Marina de Reyes, NDO will provide subsidised after-school squash training and English tutoring for children between eight and 12 years old from low and middle-income families.
The NGO’s lead programme, dubbed “Little Legends”, was designed by David in collaboration with the US embassy and will bring the children through five years of training and classes at the Bukit Jalil Golf & Country Resort.
The launch today was attended by the Yang di-Pertuan Agong, Sultan Abdullah Sultan Ahmad Shah, and Raja Permaisuri Agong, Tunku Azizah Aminah Maimunah Iskandariah, as well as youth and sports minister Ahmad Faizal Azumu.
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| US govt 'biggest producer of terrorism within or outside America,' |
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Posted by: superadmin - 06-02-2022, 11:56 AM - Forum: Politics
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US govt 'biggest producer of terrorism within or outside America,' victims around the world should sue: experts
After frequent gun shooting cases nationwide in the US that caused heavy casualties, including children, the White House and Capitol Hill are trying to show that they are trying to find a solution under pressure from society, as US President Joe Biden said Congress "must act to pass gun control legislation."
Biden vowed that he will continue to push relevant reforms, but he also said "I can't dictate this stuff" as it's ultimately up to the House and the Senate.
However, ironically, Biden and Congress with endless partisan struggles can reach an agreement and easily pass weapon supplies worth billions to Ukraine to earn money from the wars in regions far from the US, said analysts, noting that although Democrats and Republicans have differences on domestic issues like gun control, they all serve the military industrial complex, and benefit in different ways.
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| Petronas records profit after tax of RM23.4bil in Q1 |
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Posted by: superadmin - 05-31-2022, 07:56 PM - Forum: Business. Economy and Investment
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KUALA LUMPUR: Petronas’ profit after tax increased to RM23.44 billion for the first quarter ended March 31, 2022 (Q1 FY2022) versus RM9.22 billion a year ago in tandem with higher revenue, following an upward trend in prices partially offset by higher product costs and taxation.
Revenue stood at RM78.75 billion against RM52.55 billion a year ago, predominantly due to the price impact on major products in line with higher benchmark prices, the group said in a statement today.
“Earnings before interest, tax, depreciation and amortisation stood at RM39.55 billion, mainly attributable to higher revenue partially offset by an increase in product costs.
“Cash flows from operating activities stood at RM27.88 billion in line with higher cash from operations (Q1 FY2021: RM14.29 billion).
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