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| No entry to party hoppers, says DAP sec-gen |
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Posted by: superadmin - 04-14-2022, 02:52 PM - Forum: Politics
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KUALA LUMPUR, April 14 — DAP secretary-general Anthony Loke has today said the party will make it an official position and policy to not accept any party hoppers.
He said this is in line with the party’s stand, whether such individuals are from within DAP or without, including the most recent example, former Pengkalan Batu assemblyman Norhizam Hassan Baktee.
“We will never accept such frogs. We will never accept any hoppers whether they are from our party or other parties. For Norhizam, the case is very clear: He hopped out when we were down.
“So right now, he wants to come back. He thinks that right now, he has lost in the (Melaka) state election and he wants a new platform. He wants to come back. He can forget about it.
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| Ex-diplomats plan protest letter over PM’s UAE debacle |
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Posted by: superadmin - 04-14-2022, 09:17 AM - Forum: Politics
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PETALING JAYA: A group of former ambassadors is planning to write a letter of protest to Wisma Putra following a fiasco involving the prime minister’s visit to the United Arab Emirates (UAE) late last month.
Noor Farida Mohd Ariffin, who once served as an ambassador to the Netherlands, told FMT that many of her former colleagues were “outraged” at the manner in which the matter was handled.
They were particularly dismayed with the recall of the ambassador, Tarid Sufian, and consul-general Hasril Abdul Hamid from their posts.
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| Tg Malim has potential to be EV manufacturer hub for Asean: PM |
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Posted by: superadmin - 04-13-2022, 02:59 PM - Forum: Business. Economy and Investment
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TANJUNG MALIM – The development of the Automotive High-Tech Valley (AHTV) can make Malaysia, among others, a hub for electric vehicle manufacturers and component suppliers, not only to the Asean market, but also to a wider market.
Prime Minister Datuk Seri Ismail Sabri Yaakob said the development would be able to attract foreign investors, especially from China and other countries, because it has the potential to strengthen the automotive ecosystem in a large area.
“If other countries like the United States can be proud of Detroit, a district famous for its car manufacturing industry, it is possible that one day, Tg Malim will be known as a great automotive hub in the region,” he said during AHTV’s launch here today.
Apart from that, the prime minister said Tg Malim would see an economic overflow from the activities of the AHTV development project which is expected to generate 370,000 jobs during construction and 160,000 jobs when it is operational.
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| Ukraine crisis risks escalating amid stalled talks, rising hostility |
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Posted by: superadmin - 04-13-2022, 10:48 AM - Forum: Politics
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Russian President Vladimir Putin called the situation in Ukraine "a tragedy" and peace talks had reached a "dead end" in his meeting with Belarusian President Alexander Lukashenko, asserting that economic sanctions imposed on Russia by nations around the world have "failed" and he had no intention of pulling back from a military campaign.
Western media reported that Russia is planning a new operation to end or make significant progress in its military operation in Ukraine by May 9, Victory Day, to celebrate the former Soviet Union's victory over Nazi Germany, with a decisive battle in east Ukraine's Donbas region.
Chinese analysts said on Tuesday that the positive trend achieved by previous peace talks in Turkey was ruined, and the West and Ukraine are likely to miscalculate Russia, making negotiations hard to restart.
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| Bullish February trade lifts ringgit higher against US dollar |
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Posted by: superadmin - 04-13-2022, 10:24 AM - Forum: Business. Economy and Investment
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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.
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| ALR plan to acquire Klang Valley highways gets thumbs up from financial institutions |
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Posted by: superadmin - 04-13-2022, 10:15 AM - Forum: Business. Economy and Investment
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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.
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| Federal Court to rule on constitutionality of Penang anti-hopping law |
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Posted by: superadmin - 04-13-2022, 09:10 AM - Forum: Politics
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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.
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