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  Huawei is banned in U S , why China not ban Apple to fight back the sanctions?
Posted by: superadmin - 05-25-2022, 07:45 PM - Forum: Business, Economy and Investment - No Replies

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  Ex-CJ detached from reality, says Ramkarpal after MACC remarks
Posted by: superadmin - 05-25-2022, 02:39 PM - Forum: Politics - Replies (1)

[Image: Mohamed-Raus-Sharif-Bernama.jpg]


PETALING JAYA: DAP MP Ramkarpal Singh has criticised former chief justice Mohamed Raus Sharif over his remarks on the Malaysian Anti-Corruption Commission (MACC), describing the former judge as “a man detached from reality”.

This comes after Raus said a politician’s appointment as the MACC chief commissioner had cast doubt on its credibility. He was believed to be referring to Latheefa Koya, who led the anti-graft agency from June 2019 to March 2020.


In a statement, Ramkarpal said Raus’ remarks suggested that MACC had the public’s confidence before Latheefa’s appointment, adding that this “cannot be further from the truth”.

The Bukit Gelugor MP pointed out how Latheefa had unveiled leaked audio recordings between former prime minister Najib Razak and former MACC chief Dzulkifli Ahmad in 2016, which he said gave the commission’s image a beating.


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  New Zealand’s Ardern cautions against militarization of Pacific
Posted by: superadmin - 05-25-2022, 10:56 AM - Forum: Politics - No Replies

[Image: New-Zealand_PM_20220525092730_bloomberg....8tt4PmwBzq]


(May 25): Prime Minister Jacinda Ardern said while New Zealand welcomes more investment in the Pacific region, it doesn’t support increased militarization and is urging nations to be transparent about their intentions.

She was commenting after China said its Foreign Minister Wang Yi will be touring Pacific island nations later this week, including the Solomon Islands after the countries formalized a security pact in April. Ardern said the Pacific is a “contested region” and noted that the US is also seeking to engage there.

“We want cooperation in areas where we have shared concern, like climate adaptation and mitigation,” Ardern told reporters. “We want quality investment in infrastructure. We don’t want militarization. We don’t want an escalation in tension. We want peace and stability.”

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  Ex-national shuttler Ewe Hock laments M’sia’s sluggish badminton state
Posted by: superadmin - 05-25-2022, 09:23 AM - Forum: Badminton - Replies (1)

[Image: ong_ewe_hock_afp_pic.png]

KUALA LUMPUR – “Outdated” and “backward” were the words former national shuttler Ong Ewe Hock used to describe the state of Malaysia’s current badminton scene.

After a disappointing Thomas Cup and Uber Cup outing for the national teams in Bangkok, Thailand earlier this month, Malaysia is evidently no longer a powerhouse in the sport.

This has irked Ong, who called for the entire Badminton Association of Malaysia (BAM) management to take responsibility for this debacle and step down.

Speaking to The Vibes, Ong said that Malaysia is outdated, and other countries have overtaken the national team.

Having a decorated badminton career himself, Ong could not believe what is happening to Malaysian badminton, as he was of the opinion that the sport is on the verge of going into the doldrums.


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  Teen gunman kills 21 at Texas elementary school
Posted by: superadmin - 05-25-2022, 09:19 AM - Forum: International News - Replies (3)

[Image: 20220525-Texas_school_shooting-AFP_pic.jpg]


UVALDE – An 18-year-old gunman killed 18 children and 3 adults at an elementary school in Texas yesterday, in the deadliest US school shooting in years.

The attack in Uvalde, Texas – a small community about an hour from the Mexican border – is the latest in a spree of deadly shootings in America, where horror at the cycle of gun violence has failed to spur enough action to end it.

Governor Greg Abbott, addressing a news conference, said the gunman was believed to have shot his grandmother before heading to Robb Elementary School at around noon, abandoning his vehicle and entering with a handgun, and possibly also a rifle.

“He shot and killed, horrifically and incomprehensibly, 14 students and killed a teacher,” Abbott said earlier before the death toll rose even higher.


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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

[Image: Loke-Siew-Fook-Bernama-290322.jpg]


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”.


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  Analysts see more politicians rejoining Umno as GE15 nears
Posted by: superadmin - 05-25-2022, 09:05 AM - Forum: Politics - No Replies

[Image: UMNO-FLag-Bendera-Bernama.jpg]


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.


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  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)

[Image: 20220430-palm_oil-Pixabay_pic.jpg]

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.


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  Several cash trusts said to be Ponzi schemes
Posted by: superadmin - 05-24-2022, 09:21 AM - Forum: Business. Economy and Investment - No Replies

[Image: 22953article-2312590-196BB8AA000005DC-740_964x995.jpg]


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.

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  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.

[Image: https%253A%252F%252Fs3-ap-northeast-1.am...ce=nar-cms]


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.

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