Government holding RM12bil in unclaimed monies
KUALA LUMPUR: As of October 2024, the government is holding some RM12bil of unclaimed monies, says Finance Minister II Datuk Seri Amir Hamzah Azizan. In his winding-up speech on the Supply Bill 2025 on Wednesday (Nov 13), Amir Hamzah said that RM17bil of unclaimed money had been received as of Oct 31. “A total of RM4.2bil has been paid to the claimants, leaving a balance of RM12.8bil in unclaimed money," he added. The amendments to the Unclaimed Moneys Act 1965 allow the government to consider unclaimed money as revenue after 10 years. Unclaimed money previously held by companies and lodged with the Registrar was to be credited into the Consolidated Trust Account.
Source:The Star
November 13, 2024 20:12 UTC
Bumi Armada is said to weigh buying MISC Offshore energy assets
Bumi Armada Bhd ., an oil field services provider controlled by Malaysian tycoon T. Ananda Krishnan, is considering buying MISC Bhd .’s offshore energy business, according to people with knowledge of the matter. Shares of Bumi Armada are unchanged this year in Kuala Lumpur, giving it a valuation of RM2.9bil. A representative for Bumi Armada didn’t immediately respond to a request seeking comment, while MISC declined to comment. Bumi Armada has been expanding in Asia in areas such as upstream and low-carbon solutions to support its energy transition plans, according to its website. Ananda Krishnan owns 34.6% of Bumi Armada through Objektif Bersatu Sdn.
Source:The Star
November 13, 2024 17:14 UTC
FBM KLCI extends loss for second day running
KUALA LUMPUR: The FBM KLCI ended lower on Friday as investors sold off stocks, while regional markets showed mixed results. The benchmark FBM KLCI closed at 1,621.24, down 0.13% or 2.04 points, bringing its full-week gain to 1.08%. Dealers stated that today's decline is primarily driven by investors taking the opportunity to sell off their holdings following recent gains. Malaysian Pacific Industries slid 98 sen to RM26.50, Hong Leong Financial Group declined 30 sen to RM18.34 and Pentamaster gave up 30 sen to RM3.70. US West Texas Intermediate crude fell US$1.16 to US$71.20 and Brent lost US$1.01 to US$74.62 per barrel.
Source:The Star
November 08, 2024 11:04 UTC
MCMC to conduct first 5G readiness assessment survey for Malaysian industries
PUTRAJAYA: The Malaysian Communications and Multimedia Commission (MCMC), in collaboration with the Malaysian Investment Development Authority (Mida), will conduct the first 5G Readiness Assessment Survey for Malaysian Industries. The survey will run until Dec 1, 2024, aiming to analyse gaps in 5G adoption among companies in identified industries in Malaysia. This survey will evaluate companies’ preparedness for adopting 5G-based technologies, identify challenges to 5G adoption, and obtain input for further innovation and improvement of service quality for service providers. Enterprise participation is vital in supporting MCMC and Mida’s initiatives to advance the deployment of 5G technology, it said. Any changes to the survey duration will be announced on the MCMC website http://www.mcmc.gov.my.
Source:The Star
November 07, 2024 15:30 UTC
Bag with RM1mil now missing from Ampang shopping complex
AMPANG: A bag filled with RM1mil went missing at an Ampang shopping complex on Wednesday (Nov 6). Ampang Jaya OCPD Asst Comm Mohd Azam Ismail said a police report was lodged by a security company following the collection process at a bank at the shopping complex at about 3.55pm on Wednesday. "We are investigating under Section 379 of the Penal Code. We will inform the public if there are any developments in the investigation," he said in a statement. Meanwhile, it is understood that the money bag went missing after the security van driver realised the vehicle's door was open.
Source:The Star
November 07, 2024 03:55 UTC
Malaysia strengthens security at border checkpoints
Malaysian Home Minister Saifuddin Nasution Ismail has announced that approximately 13,000 officers and personnel from the Malaysian Border Security Agency will be deployed in phases across 143 entry points nationwide, starting in January 2025. Malaysia improves border management and strengthen national security. (Photo: nst.com.my)Kuala Lumpur (VNA) – Malaysian Home Minister Saifuddin Nasution Ismail has announced that approximately 13,000 officers and personnel from the Malaysian Border Security Agency will be deployed in phases across 143 entry points nationwide, starting in January 2025. Speaking to the press on October 20, Minister Saifuddin revealed that the first phase will involve the deployment of at least 104 officers at five entry and exit points. In August 2023, the Senate passed the Malaysia border and protection agency bill after it was approved by the House of Representatives./.
Source:New Strait Times
October 21, 2024 23:22 UTC
World’s US$100 trillion fiscal timebomb ticking
The IMF’s Fiscal Monitor on Wednesday will feature a warning that public debt levels are set to reach US$100 trillion this year, driven by China and the United States. Elsewhere in the coming week, a rate cut in Canada and a hike in Russia are among the possible central bank moves anticipated by economists. Regional Fed officials speaking in the coming week include Jeffrey Schmid, Mary Daly and Lorie Logan. Turning east, two central bank decisions are likely to draw attention, starting on Tuesday with Hungary, which may keep borrowing costs unchanged. At the end of the week, data will show if the nation’s industrial profits bounced back in September after slumping more than 17% in August.
Source:The Star
October 21, 2024 05:40 UTC
Tourism minister urges 23 hour hotel stays after dispute over check in time
KUALA LUMPUR: Hotels should offer guests a full 23-hour stay to improve satisfaction, says Datuk Seri Tiong King Sing. "I advocated for this change during a recent meeting with hotel industry association representatives in Parliament on October 17. I'm also looking to engage with the Human Resources Ministry and the Home Minister to address any staffing shortages this modification might necessitate," he said on Saturday (Oct 19). The minister then said hotels may be concerned about costs and profits but reminded that customer satisfaction is also critical. These matters will be discussed further in the upcoming cabinet Tourism Development Committee meeting chaired by Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.
Source:The Star
October 20, 2024 17:49 UTC
Mavcom on track to meet passenger traffic forecast of up to 97.6mil this year
The previous passenger traffic projection range was 93.9 million and 107.1 million passengers. According to its 15th bi-annual Waypoint report released by MAVCOM, Malaysia’s total air passenger traffic reached 46.6 million, representing a year-on-year (y-o-y) growth of 15.3 per cent in 1H 2024 driven by international air passenger traffic. During the period, international air passenger traffic surged by 35.9 per cent y-o-y to 24.0 million passengers, while domestic traffic decreased slightly by 0.7 per cent y-o-y to 22.6 million passengers. "Strategic tourism initiatives such as visa-free travel for visitors from India and China will continue to boost international air traffic and tourism. During the first half of 2024, MAVCOM granted a total of 156 additional air traffic rights (ATRs), with 20 allocated for domestic routes and 136 for international destinations.
Source:The Star
October 17, 2024 01:19 UTC
Jail for Singaporean man whose bank accounts received scam proceeds after sharing details with online women
SINGAPORE: Shortly after his wife died, a man shared details of his bank accounts with people he met online who claimed to be women, only to find out that some of the accounts were later used to handle scam proceeds. Christopher Moh, 66, shared his bank account details with these people despite receiving two warnings from the Commercial Affairs Department (CAD). “Jenny” then asked him to transfer a loan of S$1,000 to an unknown bank account and he complied. “Alicia” told Moh she was living in Amsterdam and was running a chemical engineering business. After that, “Alicia” told him to withdraw the whole amount and use the money to buy iTunes cards.
Source:The Star
October 16, 2024 16:53 UTC
Man wanted after allegedly exposing himself on TTC bus
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Source:The Star
October 14, 2024 15:33 UTC
Tax waiver for UTAR strictly for education purposes, says PM
PETALING JAYA: The recent RM83mil tax waiver granted to Universiti Tunku Abdul Rahman (UTAR) is solely for educational purposes, says Datuk Seri Anwar Ibrahim. The Prime Minister said this aligns with Malaysia's policy of providing tax exemptions to non-profit educational foundations. But if it's for faculty development, helping underprivileged students or exempting tuition for poor students, we will grant tax exemption," Anwar said. The Prime Minister highlighted that the government's tax exemption policy covers all educational foundations supporting underprivileged students, regardless of ethnicity. The RM83mil tax waiver sparked debate, with questions about its implications for other private institutions.
Source:The Star
October 14, 2024 02:10 UTC
Missing 12-year-old girl found, six suspected kidnappers detained
KLANG: The 12-year-old girl who was reported missing on Tuesday (Oct 8) after she went to retrieve food from a car parked at her flat in Bandar Bukit Tinggi 1, Klang, has been found safe. South Klang OCPD Asst Comm Cha Hoong Fong said the victim was found at about 2.30pm on Saturday (Oct 12). ACP Cha said his team received a report on the missing girl on Oct 8 at 8.59pm. He said preliminary investigations revealed that the girl went to the parking area after her mother asked her to fetch food from the car at around 2.20pm. "The girl went down alone and did not return home.
Source:The Star
October 14, 2024 01:14 UTC
Want to burn calories? Climbing stairs might be the most effective exercise
Therefore, the more you weigh, the more you burn.”Research shows you burn about 20 times more calories going up stairs than walking on flat ground. Even going down stairs you burn roughly five times more, the muscles being worked to slow the body’s descent. "It is an exercise everybody can do,” Minetti told The Associated Press. "You always have stairs nearby you - free of charge compared to a gym.”Minetti did the math to explain why going up stairs is so effective for burning calories in a short amount of time. "You get a lot of bang for your buck,” Walsham told the AP.
Source:The Star
October 10, 2024 15:25 UTC
Turning 102 years old and still going strong
KUALA LUMPUR: At 102 years old, Ang Kim Choo is still very lively and has kept her sense of humour. One of her roles as a police constable was to monitor unruly school students at a school. Ang was the sole breadwinner of her family back then and had to care for her four daughters and one son. “She is an example of the strong patriotism of Malaysian Chinese to the country,” he said. Ang, he added, is an example for all Malaysians and someone who can inspire Chinese youth to join the Police Volunteer Reserve.
Source:The Star
October 09, 2024 23:51 UTC