Day: October 11, 2024

The drainage and irrigation system involving the four regions under the Muda Agricultural Development Authority (MADA) in Kedah needs to be upgraded immediately to prevent floods that could further submerge the padi fields. The Malaysian Padi Farmers Brotherhood Organisation (PeSAWAH) chairman Abdul Rashid Yob said the floods this time around are worse than in 2010, and he does not rule out the possibility that the ‘dilapidated’ irrigation system is the cause of more than 6,000 hectares of padi fields under MADA’s management being submerged and flooded. ‘Kedah’s infrastructure needs to be upgraded… this is already the third wave and there

The Securities Commission Malaysia (SC) has received 3,380 complaints and inquiries on scams and unlicensed activities as of the third quarter of 2024 (3Q 2024), a 28 per cent increase from last year. In a statement today, executive director and general counsel, Yew Yee Tee said cases have become increasingly sophisticated and include the use of deepfake technology and evolving modus operandi. ‘The positive side to this is that we also see greater awareness and scepticism among the public where many of these complainants and enquirers coming forth to the SC have not fallen victim to these scams (as compared

The Kuala Lumpur rubber market finished mixed on Friday amid weaker advice from the regional rubber futures markets and declining benchmark crude oil prices as the ringgit strengthened against the US dollar, a dealer said. She said market sentiment was also dented by concerns over the escalation of the Middle East conflict. ‘Nonetheless, further losses were capped, as sentiment was supported by the optimism for further Chinese stimulus and improved global economic data,’ she told Bernama. She said oil prices declined on Friday after a rally the previous day, but prices remained set for a second straight weekly gain as

The ringgit rebounded against the US dollar to end marginally higher today, as the greenback retreated after key United States (US) inflation data came in above expectations. At 6 pm, the local note rose to 4.2865/2910 versus the US dollar compared to Thursday’s close of 4.2910/2940. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that the higher-than-expected US consumer price index (CPI) of 2.4 per cent in September suggests that inflation rate remains sticky. Nevertheless, rising initial jobless claims to the highest of the year at 258,000 last week indicates signs of weakening labour market, he

A Malay Studies Chair will be established at a university in Russia to empower the study of the Malay language at the international level, says Higher Education Minister Datuk Seri Dr Zambry Abd Kadir. Zambry, who is in St Petersburg, Russia, leading the Malaysian delegation to the Third Meeting of the Joint Commission for Economic, Scientific, Technical and Cultural Cooperation Malaysia-Russia (JCESTC) said that he and his Russian counterpart, Minister of Science and Higher Education Valery Falkov, have agreed to the proposal. “This matter will be further discussed at a higher level before it is finalised as Bahasa Melayu is

A director of two companies pleaded not guilty in the Sessions Court here today to a charge of establishing a business without the approval of their respective annual general meetings for personal benefit. Tan Chong He, 50, was charged as a director of Kualiti Ayu Sdn Bhd and Seong Eng Sdn Bhd, without the approval of the respective companies’ annual general meetings, of being involved in a business that competes with the said companies by establishing Nicenco Resources Sdn Bhd. The accused was charged with establishing Nicenco Resources Sdn Bhd to obtain, directly or indirectly, benefits for himself through the