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| Anwar-Najib debate: lawmakers, audience split over who won |
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Posted by: superadmin - 05-13-2022, 02:44 PM - Forum: Politics
- Replies (3)
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KUALA LUMPUR – As opposition leader Datuk Seri Anwar Ibrahim and former prime minister Datuk Seri Najib Razak argued on economic policies in last night’s televised debate, lawmakers and audience members at the venue have contradictory views over who had the upper hand.
For lawyer and Penangite Yusmadi, 48, Anwar appeared to be more in touch with the problems endured by the laymen, while Najib projected an elitist and corporate friendly image.
He added that Anwar appeared more coherent and in doing so was able to identify pertinent problems afflicting the man on the street.
“Najib was coming from a very pro-corporate perspective, while Anwar included the marginalised, those at a disadvantage and the vulnerable, who are supposed to be given highest priority in terms of help needed.
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| Thomas Cup: Jun Hao baffled over Malaysia’s heartbreaking exit |
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Posted by: superadmin - 05-13-2022, 02:39 PM - Forum: Badminton
- Replies (3)
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BANGKOK – Clueless and shocked. That was the reaction from Malaysia’s third singles Leong Jun Hao after he failed to keep alive Malaysia’s hope of ending a 30-year title drought in the Thomas Cup here.
Jun Hao lost to India’s Prannoy H.S. 13-21, 8-21 in a crunch match to determine a place in the semi-finals of the 2022 Thomas Cup Finals at Impact Arena.
“I just don’t know what to say. I failed to contribute to Malaysia,” a teary-eyed Jun Hao told reporters when met after the match in the mixed zone here.
India handed a painful 3-2 defeat to Malaysia and created their own history of reaching their maiden semi-finals in the world’s most prestigious badminton team tournament.
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| Powell says he can’t guarantee a ‘soft landing’ as the Fed looks to control inflation |
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Posted by: superadmin - 05-13-2022, 02:32 PM - Forum: Business, Economy and Investment
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- Fed Chairman Jerome Powell cautioned Thursday that getting inflation under control won’t be easy.
- “Nonetheless, we think there are pathways ... for us to get there,” he said in an interview with Marketplace published Thursday.
Federal Reserve Chairman Jerome Powell warned Thursday that getting inflation under control could cause some economic pain but remains his top priority.
Powell said he couldn’t promise a so-called soft landing for the economy as the Fed raises interest rates to tamp down price increases running near their fastest pace in more than 40 years.
“So a soft landing is, is really just getting back to 2% inflation while keeping the labor market strong. And it’s quite challenging to accomplish that right now, for a couple of reasons,” the central bank chief said in an interview with Marketplace.
He noted that with a tight labor market pushing up wages, avoiding a recession that often follows aggressive policy tightening will be a challenge.
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| More than $200 billion erased from entire crypto market in a day |
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Posted by: superadmin - 05-13-2022, 02:29 PM - Forum: Business, Economy and Investment
- Replies (1)
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More than $200 billion erased from entire crypto market in a day as sell-off intensifies - The price of bitcoin plunged below $26,000 on Thursday, hitting its lowest level in 16 months.
- Ether, the second-biggest digital currency, tanked below $2,000 per coin.
- The collapse of stablecoin terraUSD has led to fears of a broader market contagion.
Bitcoin fell below $26,000 for the first time in 16 months, amid a broader sell-off in cryptocurrencies that erased more than $200 billion from the entire market in a single day.
The price of bitcoin plunged as low as $25,401.29 on Thursday, according to Coin Metrics. That marks the first time the cryptocurrency has sunk below the $27,000 level since Dec. 26, 2020.
Bitcoin has since pared its losses and was last trading at $28,569.25, down 2.9%.
Ether, the second-biggest digital currency, tanked to as low as $1,704.05 per coin. It’s the first time the token has fallen beneath the $2,000 mark since June 2021. Ether was last down 8.8% at a price of $1,937.88.
Investors are fleeing from cryptocurrencies at a time when stock markets have plunged from the highs of the coronavirus pandemic on fears over soaring prices and a deteriorating economic outlook. U.S. inflation data out Wednesday showed prices for goods and services jumping 8.3% in April, higher than expected by analysts and close to the highest level in 40 years.
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| Gombak voters turn to Federal Court to restore suit against Azmin |
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Posted by: superadmin - 05-12-2022, 03:29 PM - Forum: Politics
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PUTRAJAYA: Ten voters who filed a lawsuit against Gombak MP Azmin Ali for alleged breach of fiduciary duty have gone to the Federal Court to set aside a Court of Appeal decision to strike out their legal challenge.
Lawyer N Yohendra said the 10 filed nine questions of law two days ago to obtain leave from the apex court to hear the merit of their appeal.
Applicants must satisfy the court by framing novel legal and constitutional questions that are of public importance and raised for the first time as required under Section 96 of the Courts of Judicature Act.
Among the questions sighted by FMT was whether an action for deceit or breach of fiduciary duties can be maintained by voters against an MP or assemblyman elected by voters.
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| Apple is no longer the world’s most valuable company |
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Posted by: superadmin - 05-12-2022, 10:26 AM - Forum: Business, Economy and Investment
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- Oil giant Saudi Aramco is now the world’s most valuable company.
- It surpassed Apple on Wednesday.
Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm.
Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to dollars. Apple, which fell more than 5% during trading in the U.S. on Wednesday, is now worth $2.37 trillion.
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