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| Court dismisses Apandi’s defamation suit against Kit Siang |
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Posted by: superadmin - 05-23-2022, 07:09 PM - Forum: Politics
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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.
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| Open up land for grain cultivation, DAP tells govt |
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Posted by: superadmin - 05-23-2022, 10:16 AM - Forum: Business. Economy and Investment
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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.
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| Australia ousts conservatives after nine years, Prime Minister Morrison concedes |
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Posted by: superadmin - 05-23-2022, 09:23 AM - Forum: Politics
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- Prime Minister Scott Morrison conceded defeat after an election on Saturday and the opposition Labor Party was set to end almost a decade of conservative rule.
- In at least five affluent Liberal-held seats, so-called “teal independents” looked set to win, tapping voter anger over inaction on climate change after some of the worst floods and fires hit Australia.
Australian Prime Minister Scott Morrison conceded defeat in an election on Saturday and the opposition Labor Party was set to end almost a decade of conservative rule, possibly with the support of independents who campaigned for greener policies.
Partial results showed that while Labor had made small gains, Morrison’s Liberal-National coalition had been punished by voters in Western Australia and affluent urban seats in particular.
The Greens and a group of so-called “teal independents”, who campaigned on policies of integrity, gender equality and tackling climate change, put on a strong showing, tapping voter anger over inaction on climate change after some of the worst floods and fires to hit Australia.
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| Economic & Financial Meltdown Is Here – All Signs Lead To Recession |
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Posted by: superadmin - 05-21-2022, 01:56 PM - Forum: Business, Economy and Investment
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Economic & Financial Meltdown Is Here – All Signs Lead To Recession, Stagflation, Jobless And A Repeat Of Dot-Com Bust
Dow Jones dropped 1,164.52 points on Wednesday (May 18) – the biggest drop since June 2020. In fact, at 31,490.07, the DJIA saw the lowest close since March 2021. Likewise, the S&P 500 plunged to its lowest drop since June 2020. The fact that this is the fifth Dow decline of more than 800 points this year alone speaks volumes about the financial trouble ahead.
On the same day, retailer Target reported a stunning 52% drop in quarterly profits. Its share price tumbled a whopping 25%, and the company blamed it on higher costs for fuel that caused a drop in demands for items like TVs. The results were consistent with Walmart, the American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.
Walmart reported a similar poor earnings a day earlier, also cited higher fuel and labour costs. Walmart shares ended Tuesday lower by 11% (the worst one-day loss in 35 years) and dropped another 6.8% on Wednesday. Other retailers also took a hit – Amazon’s stock price dropped 7.2%, Best Buy’s stock price fell 10.5%, Macy’s stock price plunged 10.7%, Dollar General’s fell 11.1% and Dollar Tree’s declined 14.4%.
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![[Image: kit-siang-apandi-2.jpg]](https://s3media.freemalaysiatoday.com/wp-content/uploads/2022/05/kit-siang-apandi-2.jpg)
![[Image: Maize-Field-Farm-pic.jpg]](https://s3media.freemalaysiatoday.com/wp-content/uploads/2022/05/Maize-Field-Farm-pic.jpg)
![[Image: 107065007-16531381202022-05-21t125946z_1...&ffmt=webp]](https://image.cnbcfm.com/api/v1/image/107065007-16531381202022-05-21t125946z_1559353550_rc2nbu9iwujf_rtrmadp_0_australia-election-morrison-reax.jpeg?v=1653138146&w=740&h=416&ffmt=webp)
![[Image: Economic-Inflation-Recession-Stagflation.jpg]](http://www.financetwitter.com/wp-content/uploads/2022/05/Economic-Inflation-Recession-Stagflation.jpg)
