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Singapore-owned Hotel Royal Penang in George Town to shut permanently this Novo Posted by: superadmin - 09-16-2021, 10:20 AM - Forum: Business. Economy and Investment - Replies (3) Report: Singapore-owned Hotel Royal Penang in George Town to shut permanently this Nov KUALA LUMPUR, Sept 16 — The four-star Hotel Royal Penang in George Town, Penang will cease operations on November 15, the New Straits Times reported today. Citing a circular from its management, the newspaper said the closure of the 276-room business hotel located along Jalan Larut is part of a management restructuring exercise due to the Covid-19 pandemic. Employees were given a two-month termination notice effective yesterday and told that their last day of employment is November 14, 2021. According to NST, the notice to the staff said that retrenchment benefits will be calculated in accordance with the collective agreement to be paid out within seven days after their last days of service. - More -   Ray Dalio says if bitcoin is really successful, regulators will ‘kill it’ Posted by: superadmin - 09-15-2021, 10:21 PM - Forum: Business, Economy and Investment - No Replies Ray Dalio said regulators would ultimately take control of bitcoin if the cryptocurrency gains mainstream success. “I think at the end of the day if it’s really successful, they will kill it and they will try to kill it. And I think they will kill it because they have ways of killing it,” Dalio said. The founder of the world’s largest hedge fund Bridgewater Associates still believes bitcoin makes a good alternative to cash. Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, believes regulators would ultimately take control of bitcoin if the cryptocurrency gains mainstream success. “I think at the end of the day if it’s really successful, they will kill it and they will try to kill it. And I think they will kill it because they have ways of killing it,” Dalio told Andrew Ross Sorkin Wednesday on CNBC’s “Squawk Box” at the SALT conference in New York. U.S. regulators have stepped up its oversight on the volatile cryptocurrency space as the wild rides in the speculative markets continued to grab attention. Securities and Exchange Commission Chairman Gary Gensler said Tuesday that Wall Street’s top regulator is working overtime to create a set of rules to protect investors through better regulation of the thousands of new digital assets and coins. - More -   Afghanistan: Taliban leaders in bust-up at presidential palace, sources say Posted by: superadmin - 09-15-2021, 09:03 PM - Forum: Politics - No Replies A major row broke out between leaders of the Taliban just days after they set up a new government in Afghanistan, senior Taliban officials told the BBC. Supporters of two rival factions reportedly brawled at the presidential palace in the capital Kabul. The argument appeared to centre on who did the most to secure victory over the US, and how power was divided up in the new cabinet. The Taliban have officially denied the reports. The group seized control of Afghanistan last month, and have since declared the country an "Islamic Emirate". Their new interim cabinet is entirely male and made up of senior Taliban figures, some of whom are notorious for attacks on US forces over the past two decades. The dispute came to light after a Taliban co-founder, Mullah Abdul Ghani Baradar, disappeared from view for several days. - More -   To Trump voters, chaos in Afghanistan 'another betrayal' by Biden Posted by: superadmin - 09-15-2021, 08:58 PM - Forum: Politics - No Replies From the outside, it might seem odd that the voters of Sandy Hook, Kentucky, are so deeply distraught by the withdrawal of US troops from Afghanistan that some speak of the events with tears. The vagaries of America's foreign entanglements do not usually much figure into the lives of those residing in this tiny hamlet, the seat of Elliott County and its only real town. Yet as he stood outside his church on a clear Sunday morning, Charles Johnson's voice broke as he described how he saw the US pull-out ordered by President Joe Biden. It was "an absolute disgrace" that American troops left "in the middle of the night", abandoning Afghan allies who had "sacrificed their lives, and their reputations, and the safety of their families," the preacher said. "There was no reason for them to die," he said. "They didn't have to die." - More -   The peril of Trump keeps growing nearly 8 months after he left the White House Posted by: superadmin - 09-15-2021, 08:44 PM - Forum: Politics - No Replies CNN)Add another evidence dump to the growing case that a second Donald Trump presidency would be more extreme and dangerous than the first. In new examples of the threat the ex-President poses, a bombshell book by Washington Post legend Bob Woodward and his newspaper stablemate and co-author, Robert Costa, laid bare another view into the frightening, unchained few weeks inside Trump's inner circle around the Capitol insurrection. The problem posed by Trump is now not an aberrant past presidency -- it's the corrosive impact he could have on the nation in the future. It's not just his previous behavior that was shocking. Before California's Democratic Gov. Gavin Newsom survived Tuesday's recall election, according to a CNN projection, the ex-President was opening a new front in his "Big Lie" that now effectively claims that anytime a Republican loses it is a product of massive fraud. It's a falsehood that could tarnish American democratic elections for years to come but is eagerly accepted by millions of Trump voters. And the former President's behavior over the weekend -- using September 11 commemorations to slam his successor, President Joe Biden -- looked rather like an attempt to launch himself back onto the national stage at a moment when the former commander in chief, who was thrown off social media for inciting violence, could claim an easy spotlight. As Trump teases another run at the White House, his behavior and new accounts of his wild final days in office are becoming too outlandish to ignore, given that he's already the prohibitive favorite for the Republican nomination. Before that, he's the tip of the spear of the GOP bid to retake the House in midterm elections next year. The price for entry for any party candidate is fealty to the flagrant lie sold to millions that Trump is still the rightful President. And he's undoubtedly the dominant force in Republican politics -- even if his ever more radical conduct may make his appeal in a national election more doubtful. At least in an election that is free and fair. - More -   If conditions not met, MoU is automatically ‘cancelled’, warns Guan Eng Posted by: superadmin - 09-15-2021, 08:36 PM - Forum: Politics - No Replies KUALA LUMPUR – DAP secretary-general Lim Guan Eng (Bagan-PH) has indicated that the memorandum of understanding (MoU) inked between the government and opposition Pakatan Harapan (PH) coalition will be automatically “cancelled” if any of the conditions are not met. He said this in elaborating on the opposition’s stand in signing the historic document on Monday, which saw both components agreeing on a slew of reforms to transform the government and Parliament. Speaking in the Dewan Rakyat, Lim said PH signed the MoU with the rakyat’s interest at heart, as the public aspires for a whole-of-nation approach in combating the Covid-19 pandemic. - More -   UK inflation strikes nine-year peak as economy reopens Posted by: superadmin - 09-15-2021, 08:34 PM - Forum: Business, Economy and Investment - No Replies LONDON – The British annual inflation spiked in August to a nine-year peak on the reopening economy, while last year’s figure had been skewed by a restaurant discount scheme, data showed today. The Consumer Prices Index (CPI) soared to 3.2%, the highest level since March 2012, the Office for National Statistics (ONS) said in a statement. That marked a record acceleration and compared with 2% in July, and comes after the Bank of England warned inflation would strike 4% this year – double its target – as a result of the Covid-19 fallout. Global markets have seesawed this year over concerns that central banks will end pandemic support measures to tame inflation, but policymakers have insisted that the rising prices are temporary. - More -   Power transitions, MoU, anti-hopping law unnecessary if politicians have values Posted by: superadmin - 09-15-2021, 08:30 PM - Forum: Politics - No Replies Power transitions, MoU, anti-hopping law unnecessary if politicians have values: Shafie KOTA KINABALU – Warisan has opted to stay away from the transformation and political stability memorandum of understanding (MoU) signed by the opposition and federal government on Monday as it wishes to be the third bloc that serves as checks and balances on the government, said Datuk Seri Mohd Shafie Apdal (Semporna-Warisan) today.  The Warisan president said while the signing of the MoU is a sign of political maturity, the party remains committed to fighting for the people’s issues, like the pandemic fallout, unemployment and the widening gap between the rich and the poor, among others. “These matters must be done to restore the people’s trust towards political party leaders that are currently running the country’s affairs. “Warisan remains committed to fighting for the people’s issues via a bipartisan approach on matters such as the handling and control of Covid-19, unemployment, the widening of the wealth gap and lack of basic amenities,” he said in his parliamentary debate speech today. - More -   Donors pledge US$1 billion for Afghanistan Posted by: superadmin - 09-14-2021, 11:31 AM - Forum: Politics - No Replies GENEVA/NEW YORK (REUTERS) - Donors have pledged more than a billion US dollars to help Afghanistan, where poverty and hunger have spiralled since the Islamist Taliban took power, and foreign aid has dried up, raising the spectre of a mass exodus. UN Secretary-General Antonio Guterres said it was impossible to say how much of the money had been promised in response to an emergency UN appeal for US$606 million (S$813.29 million) to meet the most pressing needs of a country in crisis. After decades of war and suffering, Afghans are facing "perhaps their most perilous hour", he said in his opening remarks to a donor conference in Geneva. - More -   Suspected Jemaah Islamiyah leader Abu Rusdan held in Indonesia Posted by: superadmin - 09-14-2021, 10:48 AM - Forum: Stop the Wars and Terrorism - No Replies JAKARTA – Convicted militant and suspected leader of Jemaah Islamiyah (JI) Abu Rusdan was arrested last Friday here, along with three suspected JI members. Police spokesman Ahmad Ramadhan told the Associated Press that Abu Rusdan “is currently known to be active among the unlawful JI network’s leadership”. The 61-year-old militant was sentenced to prison in 2003 for sheltering Ali Ghufron, who was later convicted and executed for his role in the 2002 twin bombings in Bali. Abu Rusdan was released in 2006, after which he began travelling across the country giving fiery speeches and sermons. Meanwhile, Indonesia’s police counterterrorism unit (Densus 88) has detained 53 alleged JI members in the past weeks, across 11 different provinces. JI is said to be responsible for a string of bombings in the country, among others, the 2002 twin bombings in Bali that killed 202 people. - More - Pages (1138): « Previous 1 … 853 854 855 856 857 … 1138 Next » Jump to page: