Day: September 23, 2024

PUTRAJAYA, The Malaysian Anti-Corruption Commission (MACC) has arrested a Bangladeshi company director on suspicions of being involved in a syndicate smuggling in foreigners using the ‘Counter Setting’ modus operandi. An MACC source said that the man, in his 50s, was arrested in an operation around the Klang Valley at 8 pm yesterday, and is believed to be a syndicate agent tasked with bribing enforcement officials to allow foreigners into the country illegally. ‘The man is believed to have offered bribes between RM200 and RM25,000 to enforcement officials in return of protecting, aiding and not taking enforcement action against foreigners who

KUALA LUMPUR, Analysts expect headline inflation to trend between 2.0 per cent and 2.3 per cent year-on-year (yoy) for the rest of 2024. RHB Invesment Bank Bhd and MIDF Amanah Investment Bank Bhd have maintained their inflation forecast this year depending on the policy changes. In a note today, RHB IB said it anticipates that headline inflation will stabilise this year, assuming adjustments to RON95 fuel prices are delayed until December 2024 at the earliest. ‘We maintain our 2024 headline inflation projection at 2.1 per cent, with core inflation to average 2.0 per cent. ‘Inflationary pressures remain manageable after the

KLUANG, The Johor government has disbursed RM910,840 this year to overcome flood problems in the Kluang district, involving work on Sungai Melantai and Sungai Mengkibol. State Public Works, Transport, Infrastructure and Communications Committee chairman Mohamad Fazli Mohamad Salleh said the allocation was spent for, among other things, upgrading of river embankment and river deepening. “The project in Kampung Palembang Baru involving RM175,000 was completed last Aug 21 while two projects in Kampung Bentong involving Sungai Melantai with an allocation of RM735,840 were completed last Aug 19 and Sept 9,’ he said. Mohamad Fazli said this to reporters after launching the

KUALA LUMPUR, The Securities Commission (SC) has updated its Investor Alert List containing the latest unauthorised entities and individuals for investment schemes. The regulator said some entities in the list might impersonate legitimate entities, which were described as ‘potential clones’ and advised the public not to deal with or invest through them. ‘If you invest through unauthorised entities and individuals, you will not be protected under Malaysian securities laws. This list is not exhaustive and is based on the information available to the SC at the time of publication,’ it said. The SC has added a potential clone entity including

KUALA LUMPUR, The subsidence on Jalan Sultan Ismail in the federal capital, as shown in a viral video, was caused by a burst underground pipe that occurred early this morning, according to the Kuala Lumpur Fire and Rescue Department (JBPM). Its Operations commander Senior Fire Officer 1 Mohd Rozihafizam Othman said the department received an emergency call at 5.04 am, following which 13 firemen were dispatched to the scene. ‘On arrival, the firemen found a leak from an underground pipe belonging to Air Selangor, which caused water to overflow and led to subsidence in several nearby areas. ‘The task of