Death toll in Philippines storm rises to 19
MANILA: The death toll from a storm that triggered landslides and flash floods across the Philippines has risen to at least 19, authorities said Thursday, linking the extreme rainfall to climate change. Severe Tropical Storm Kompasu dumped more than a month’s worth of rain in two days as it swept across the archipelago nation this […]
Facebook fights release of records in Myanmar genocide case
Facebook Inc appealed part of a Washington judge’s order to turn over internal documents related to accounts that helped incite genocidal violence against the Muslim minority in Myanmar. The company is challenging US Magistrate Zia Faruqi’s September directive to release content from government-backed accounts that helped spark violence against the Rohingya Muslims, as well as […]
UMW’s auto sales surge 133% to 22,193 units in September
KUALA LUMPUR: UMW Holdings Bhd posted a 133.3% jump in automotive sales to 22,193 units in September 2021 compared with 9,512 units in August 2021 as its operations gradually normalised following easing of the full movement control order (MCO) restrictions from Aug 16. Both UMW Toyota Motor (UMWT) and UMW’s associate company, Perodua, will continue to ramp-up […]
Malaysian banks, APKP budget RM1bil of interest payment waiver for vulnerable B50
KUALA LUMPUR: Malaysia’s banks and Agensi Kaunseling dan Pengurusan Kredit (AKPK) have allocated RM1 billion to fund the cost of the reduction in interest/profit costs including interest/profit waiver for the vulnerable B50 customers. This comes under a new co-created scheme called Financial Management and Resilience Programme (URUS). The banking industry is represented collectively by the […]
Konsortium Transnasional to diversify into construction
PETALING JAYA: Konsortium Transnasional Bhd has proposed a diversification of its existing core business to include construction and construction related activities. As part of the proposed diversification and to facilitate the group’s foray into the construction business, its wholly owned subsidiary Transnational Builder Sdn Bhd today entered into agreements with Misi Jutari Sdn Bhd and Hektar […]
Malaysia to fully reopen by end-2021, says Tengku Zafrul
KUALA LUMPUR: Malaysia’s economy is expected to be fully re-opened by the end of the year, before resuming to pre-pandemic growth in 2022, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. Malaysia’s growth rate had been projected at 5.8 per cent and 6.0 per cent in 2022 by the World Bank and International Monetary […]
Sedania partners FCA Capital in digital banking venture
KUALA LUMPUR: Sedania Innovator Bhd’s subsidiary Sedania As Salam Capital Sdn Bhd has entered into a memorandum of understanding with FCA Capital Sdn Bhd to undertake digital banking operations in the region with emphasis on the waqf concept. In a statement, Sedania said the consortium’s plan remains subject to approval from the authorities. FCA is […]
Tourism Ministry proposes opening Langkawi to foreign tourists
KUALA LUMPUR (Bernama): The Tourism, Arts and Culture Ministry has proposed to the National Security Council (MKN) opening Langkawi to tourists from several selected countries under the ongoing pilot tourism bubble project. Minister Datuk Seri Nancy Shukri said the move was to enable Malaysia to revive its economy which was affected by the Covid-19 pandemic. “I […]
90.9 pct of Malaysia’s adult population fully vaccinated
KUALA LUMPUR: A total of 90.9 per cent or 21,290,960 of the adult population in Malaysia has completed their Covid-19 vaccination as of yesterday (Oct 13). According to the Ministry of Health’s data on the COVIDNOW portal, 94.9 per cent of the adult population, or 22,230,828 individuals have received at least one dose of the […]
