AS recently as 10 years ago, few Penangites, particularly those living on the island, would have thought that land in Batu Kawan, on the mainland, would be highly sought after by multinational corporations (MNCs) and local large companies for the setting up of their manufacturing base.

...

Turkeys Of The Year: A hush-hush land deal in Batu Kawan

The federal government's debt is projected to be around 64% of GDP as at end-2024 — only 1% away from the 65% statutory debt limit, according to the Ministry of Finance (MOF) in its Fiscal Outlook and Federal Government Revenue Estimates Report.

Federal govt debts anticipated to swell to RM1.26 tril in 2024, 64% of GDP

Total outstanding government guarantees (GG) is expected to increase slightly to RM317.9 billion in 2023 (equivalent to 17.2% of GDP), from RM317.6 billion in 2022.

Outstanding govt guarantees stand at RM317.9 billion, 17.2% of GDP

IT would appear that defeatism does not exist in DAP secretary-general Anthony Loke Siew Fook’s playbook.

Not when the results of the 15th general election (GE15) and the recent six state elections (PRN15) showed that Malay voters were still largely averse to the multiracial but Chinese...

Cover Story: Evaluate us not based on colour and political background, but our performance, says Loke

THE government will not interfere in commercial decisions made by government-linked companies (GLCs), but their boards of directors and management must be held accountable for their actions, says Minister of Transport Anthony Loke Siew Fook.

The recent suspension of Malaysia Airports Ho...

Cover Story: Government to stay out of GLCs’ commercial decisions but board and management must be held accountable

ANTHONY Loke Siew Fook wears many hats. The Minister of Transport is not only the secretary-general of DAP but also the member of parliament for Seremban and state assemblyman for Chennah in Negeri Sembilan.

And when Umno president and Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi...

Cover Story: improving connectivity for all Malaysians

AirAsia X Bhd (AAX), which is seeking more time to unveil its regulation plan, saw its shares gap down from its near four-and-a-half-year peak of RM2.51 after the release of its quarterly results the day before.

The low-cost carrier's stock fell to RM2.05, down 17% from Monday's close of RM2.48, in just five minutes after opening at RM2.27.

AAX hit by heavy selldown as quarterly earnings missed expectations 

Of the two parties under the Perikatan Nasional (PN) coalition, Parti Islam Se-Malaysia (PAS) has gained more seats than Parti Pribumi Bersatu Malaysia (Bersatu) in all six states in the Aug 12 state polls.

PAS outperforms Bersatu in all six states

Of the 22 state seats that Perikatan Nasional (PN) won in Selangor in the 2023 state polls, half of them were won by a margin of less than 5%.

Four of them were secured with less than a 1% margin — the lowest being Taman Medan (0.07% or 30 votes), followed by Gombak Setia (0.09% or 58 votes), Sungai Kandis (0.28% or 167 votes) and Dengkil (0.59% or 407 votes).

Half of the 22 seats PN won in Selangor were by less than 5% margin

ATTENTION was again drawn to Pharmaniaga Bhd last week when Defence Minister Datuk Seri Mohamad Hasan announced that Lembaga Tabung Angkatan Tentera (LTAT) almost lost control of the generic drug maker when some well-connected persons attempted to acquire the company at a significant discount to ...

Lifeline thrown to Pharmaniaga

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

Anwar: Putrajaya will keep eye on inflation rate following civil service pay hike

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

US private payrolls beat expectations in April 

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

KFC parent Yum reports surprise drop in global same-store sales on weak demand

Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.

Shell exits China power market businesses

The retail price of RON97 petrol remains unchanged at RM3.47 per litre, with RON95 also unchanged at RM2.05 per litre, from May 2 to May 8, according to the Ministry of Finance on Wednesday.

Fuel prices unchanged till May 8

The dollar edged towards its highest level this year against a basket of peers and US share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.

Dollar near five-month highs ahead of Fed policy decision

Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.

Crypto washout sends bitcoin below US$58,000 into bear market

Prime Minister Datuk Seri Anwar Ibrahim has emphasised that any party associating him and the government with a purported casino project in Forest City must face legal action.

Those who spread lies on Forest City casino project ought to be jailed, says PM

Details regarding the salary increase for civil servants will be announced during the tabling of Budget 2025 in October this year.

Details of civil servants’ wage hike to be announced in Budget 2025, says Fahmi 

China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.

Huawei's high-profile consumer CEO Richard Yu shifts role

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

Kathy Fong

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

Kathy Fong

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌