Day: September 27, 2024

The ringgit soared to 4.12 against the US dollar on Friday, emerging as one of the top-performing currencies globally. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid highlighted that the ringgit had strengthened by 1.6 per cent week-on-week against the US dollar. The local currency surged to 4.1230/1280 from yesterday’s close of 4.1430/1485, marking a year-to-date gain of 11.36 per cent. Mohd Afzanizam noted that the local currency was well-supported, particularly during the morning session when the dollar-ringgit reached RM4.1175 in early trading. He also said that the ringgit’s appreciation was broad-based, gaining against the euro, British

Police are actively tracking financial transactions and assets belonging to GlSB Holdings Sdn Bhd (GISBH) in the country, according to Inspector-General of Police Tan Sri Razarudin Husain. He said the process takes some time because it depends on the investigation of the detained individuals and intelligence information obtained. “The process of tracking the funds belonging to GISBH is ongoing and includes tracing the accounts of several related companies as well as the personal accounts of certain individuals, whether members of GISBH or outsiders. “So far, most of the GISBH assets have been seized in raids carried out through Phase 1

Media organisations in Malaysia are encouraged to develop new technologies to improve the quality of content by taking into account aspects of artificial intelligence (AI) that are increasingly being used today. Taking the example of the Chinese media company, China Media Group (CMG), which pioneered 8K ultra-high definition broadcasting, Minister of Communications Fahmi Fadzil said the company’s technological and technical expertise should be emulated by broadcasting stations in the country as it is also cost-saving. “I am excited to see the capabilities of young people in CMG who produce either AI content or augmented reality (AR) and several new types

The Election Commission (EC) reminded voters in the Mahkota state assembly by-election not to wear clothing, caps, face masks, or bring items displaying party or candidate logos when casting their votes tomorrow. EC secretary Datuk Ikmalrudin Ishak stated that failure to comply with these regulations could result in voters being barred from entering the polling stations. ‘The EC expects all parties to adhere to the laws, regulations, and election ethics to ensure a smooth electoral process and to maintain public order. Any violations may result in action being taken,’ he said in a statement today. The reminder also applies to

Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor has expressed his gratitude to the Sultan of Selangor, Sultan Sharafuddin Idris Shah, for accepting his apology over remarks he made during the state election campaign in July last year. In a statement today, Muhammad Sanusi said he was resolved to adhere to Sultan Sharafuddin’s advice to be more cautious and mindful of his words, especially when in Selangor. ‘May His Royal Highness’s forgiveness and kindness bring further goodness, and may Selangor Darul Ehsan be blessed by Allah SWT,’ he said. Muhammad Sanusi also prayed for Sultan Sharafuddin to be blessed