KUALA LUMPUR: Former ministers from the Barisan Nasional coalition have derided Pakatan Harapan’s 10 promises in the first 100 days, saying that they were unattainable to begin with.

Former second finance minister Datuk Seri Johari Abdul Ghani told The Edge Financial Daily that Pakatan ...

‘Pakatan promises simply not practical’

KUALA LUMPUR (Aug 16): The Pakatan Harapan government’s motion for the Public Accounts Committee (PAC) and the Auditor-General to reopen investigations into 1Malaysia Development Bhd (1MDB) was approved by the Dewan Rakyat today. 

The motion, brought by Finance Minister Lim Guan En...

Motion to reopen probe into 1MDB passed by Dewan Rakyat

KUALA LUMPUR (Aug 16): Former minister in the Prime Minister's Department Datuk Seri Azalina Othman Said said the Pakatan Harapan Government will deliver its election promises "at all cost" because voters' expectation on the government is high.

Azalina told reporters at the Parliament l...

Azalina: Pakatan Harapan will deliver promises at all cost

KUALA LUMPUR: The finance ministry is expected to table a motion in the Dewan Rakyat today for the auditor-general and Public Accounts Committee (PAC) to reopen investigations into 1Malaysia Development Bhd (1MDB).

The motion calls for a detailed investigation into the “embezzlement of ...

Finance ministry wants fresh PAC probe into 1MDB

KUALA LUMPUR (Aug 15): Former prime minister Datuk Seri Najib Tun Razak said he will not object to the proposed reopening of the 1Malaysia Development Bhd (1MDB) investigation by the Public Accounts Committee (PAC) as "the truth should be known".

"I have nothing to object because we wan...

Najib says no objection to PAC reopening 1MDB probe

KUALA LUMPUR: The Sales Tax Bill 2018 was passed in the Dewan Rakyat yesterday with a resounding majority, despite arguments put up by Barisan Nasional backbenchers.

The bill, read for the third time by Finance Minister Lim Guan Eng before it was passed, forms part of the sales and serv...

Parliament passes Sales Tax Bill 2018

KUALA LUMPUR: Finance Minister Lim Guan Eng yesterday accused the previous Barisan Nasional (BN) government of stealing the goods and services tax’s (GST’s) input tax that was to be returned to manufacturers two weeks after it was collected.

The trust fund that held the input tax was ac...

Guan Eng accuses BN govt of robbing account for GST refunds

KUALA LUMPUR (Aug 7): The government would have to pay a RM4.2 billion compensation had it terminated RM31.5 billion light rail transit line 3 (LRT3)'s project delivery partner (PDP) MRCB-George Kent Sdn Bhd's contract, said Finance Minister Lim Guan Eng.

In a parliamentary reply to Kep...

Terminating MRCB-George Kent as LRT3 PDP would have cost govt RM4.2b, says Lim

KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak has denied knowledge of a letter written to the US Central Intelligence Agency (CIA) seeking the US’ support for his administration in the 14th general election (GE14).

However, he added it is bad precedent to leak information c...

Najib ‘not aware’ of letter to CIA

KUALA LUMPUR: It will no longer be “business as usual” for the expansion of airports in the country as the government looks to new financing models to cut cost, said Transport Minister Anthony Loke. And one thing for sure is that no airline will be allowed to monopolise the airports.

“A...

No more ‘business as usual’ in airport expansion financing model

The Kuala Kubu Baharu (KKB) by-election will see a four-cornered fight between the candidates of Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.

Both the PH and PN coalitions followed through with their previously announced candidates: PH with DAP's Pang Sock Tao, a former press secretary to Housing and Local Government Minister Nga Kor Ming, and PN with Khairul Azhari Saut, the Hulu Selangor Bersatu acting division chief.

A four-way bout in Kuala Kubu Baharu by-election

China's industrial profits posted smaller gains for the first quarter compared to the first two months, official data showed on Saturday, adding to evidence of an uneven recovery for the world's second-biggest economy.

China's first-quarter industrial profits rise at slower pace

Last December, the European Union set a global precedent by finalizing the Artificial Intelligence Act, one of the world’s most comprehensive sets of AI rules. Europe’s landmark legislation could signal a broader trend toward more responsive AI policies. But while regulation is necessary, it is i...

The Visible Hand: Governments must shape AI’s future

Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.

Singapore plans law to support gig workers’ retirement needs

The nomination centre for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination centre for Kuala Kubu Baharu by-election closes at 10am

Alphabet Inc closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Alphabet joins US$2 trillion club as results show AI strength

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

The Week Ahead: Attention on KKB by-election, FOMC decision, trade data in Asia

Richly valued US stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

Lofty US stocks leave investors punishing earnings disappointments

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Taiwan rattled by quakes again, no immediate reports of damage

Nomination for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination opens at 9am for Kuala Kubu Baharu by-election

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

Who pays for anytime EPF withdrawals?

The Kuala Kubu Baharu (KKB) state by-election will see a four-cornered fight between the candidates of Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.

Global&nbsp;stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen&nbsp;sank to a&nbsp;34-year low after the Bank of Japan (BOJ)&nbsp;kept&nbsp;monetary policy loose.

Global stocks gain on Big Tech lift; yen slides to 34-year low

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Perak to collaborate with rare earth elements company from South Korea, says MB

Alphabet Inc&nbsp;closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Richly valued US&nbsp;stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

The nomination centre&nbsp;for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin&nbsp;at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

US&nbsp;regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

US regulators seize troubled lender Republic First, sell it to Fulton Bank

Nomination&nbsp;for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at&nbsp;the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.

Apple Inc&nbsp;has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.&nbsp;

Apple intensifies talks with OpenAI for iPhone generative AI features

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

China's industrial profits posted smaller gains for the first quarter compared to the first two months, official data showed on Saturday, adding to evidence of an uneven recovery for the world's second-biggest economy.

Sangeetha Amarthalingam & Neily Syafiqah Eusoff

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Sangeetha Amarthalingam & Neily Syafiqah Eusoff

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