Day: September 25, 2024

ALOR SETAR, The number of flood evacuees in Kedah dropped to 5,454 (1,745 families) as at 8 am today from 5,592 (1,788 families) last night. According to the Disaster Info report by the Social Welfare Department (JKM), all the evacuees are currently housed in 29 relief centres in four districts. Kota Setar district continues to record the highest number, with 3,672 people from 1,196 families at 16 relief centres, followed by Pendang with 1,565 people from 478 families at 10 centres. Another 153 evacuees from 46 families are staying at two relief centres in Kubang Pasu and 64 people from

KUALA LUMPUR, The ringgit maintained its upward momentum against the US dollar at today’s opening, breaking through the RM4.14 level for the first time since November 2021, an economist said. This was attributed to better-than-expected local economic data, the recent US interest rate cut and concern over US economic outlook. At 8 am, the ringgit was traded at 4.1490/1600 against the dollar, compared to Tuesday’s close of 4.1550/1605. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US Conference Board Consumer Confidence Index declined more than expected to 98.7 points, suggesting that consumers, who form two-thirds

Almost 30 years after the National Fatwa Committee for Islamic Affairs declared the Al-Arqam movement and its teachings deviant, the banned Islamic sect has once again come under scrutiny following recent revelations about the activities of GISB Holdings Sdn Bhd (GISBH). Through Operation Global (OP Global), the police have raided dozens of premises and charitable homes managed by the conglomerate across several states including Selangor and Negeri Sembilan, detaining hundreds of individuals, including top management. Police investigations have also linked the organisation to a cultist doctrine reminiscent of Al-Arqam, alongside the discovery of hundreds of books and pamphlets related to

LONDON, Quantexa, the global leader in Decision Intelligence (DI) solutions for the public and private sectors, has been recognized as a Leader in the IDC MarketScape: Worldwide Decision Intelligence Platforms 2024 Vendor Assessment (doc # US51047423, August 2024). IDC defines Decision Intelligence Platforms as technology that helps organizations design, engineer, and orchestrate decisions by fully or partially automating steps in the decision-making process. The IDC MarketScape report is vital reading for technology buyers because it is one of the most rigorous and respected assessments of the emerging Decision Intelligence (DI) category. The category is expected to be worth $496 billion

KUALA LUMPUR, Bursa Malaysia extended its positive momentum this morning, buoyed by favourable global market sentiment, according to an analyst. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) appreciated 2.59 points to 1,672.96, from Tuesday’s close of 1,670.37. The benchmark index opened stronger, up 3.69 points at 1,674.06. Across the broader market, gainers outnumbered losers 277 to 132, with 275 counters unchanged, 1,833 untraded and 18 suspended. Turnover stood at 199.67 million units worth RM113.60 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng told Bernama that regional markets gained ground, following Wall Street’s strong overnight