Day: October 12, 2024

The ringgit is projected to trade sideways against the US dollar next week amid worries over China’s economy and rising geopolitical risks, ahead of Malaysia’s Budget 2025. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said all eyes will be on the Budget 2025 presentation by Prime Minister Datuk Seri Anwar Ibrahim, scheduled for next Friday. “Budget 2025 should provide some clear direction as the government is likely to remain committed to reducing the budget gap to sub-four per cent in 2025 which can be credit-positive from the perspective of credit rating agencies (CRAs). On that note,

Bursa Malaysia is expected to trade with caution within the 1,630-1,650 range next week with the tabling of Budget 2025 on Oct 18, said an analyst. Stephen Innes, managing partner at SPI Asset Management said attention would be squarely on the budget, which is expected to be well-received by the market. “Hopes are high that it will include enough incentives to keep foreign direct investments (FDIs) flowing robustly into Malaysia, a boon for local equities,” he said. He also believed that a budget that supports business growth and international interest could set the stage for a bullish run on Bursa

The introduction of body-worn cameras (BWC) among officers of the Customs Department (JKDM) has resulted in a significant 38.46 per cent reduction in misconduct, corruption and abuse of power cases, with only eight incidents recorded between Aug 1, 2023 and July 31 last year. JKDM director-general Datuk Anis Rizana Mohd Zainudin said the department’s Integrity Branch data showed that 13 cases were reported in the previous period from Aug 1, 2022 to July 31, 2023. ‘The use of BWCs has made a tremendous positive impact on our officers and has greatly enhanced JKDM’s public image. ‘This proves the effectiveness of

A woman died from smoke inhalation while two others were injured in a blaze at an apartment in Palm Spring Condo, Damansara, here today. The Selangor operations centre of the Fire and Rescue Department (JBPM) said it received an emergency call at 8.39 am and moved machinery to the fire reported on the 14th floor. ‘The victim who died was a 31-year-old woman while the other two were a man and woman aged 29 and 24 respectively. ‘Medical personnel confirmed the victim’s death was due to suffocation from the smoke. The injured victims were handed over for further treatment,’ he

Four students of a tahfiz centre in Datuk Keramat, here, who were found safe in Bangi yesterday, after being reported missing since Tuesday, were discovered to have injuries suspected as a result of physical and sexual abuse. Kuala Lumpur police chief Datuk Rusdi Mohd Isa said this after an examination was carried out, with the consent of the students’ families, at Kuala Lumpur Hospital. He said that based on initial information, the male students, aged 13 to 14, claimed to have run away because they could not stand the situation at the tahfiz centre. ‘They claim to have been abused

A senior police officer with the rank of ASP and six police officers, including a woman, were arrested yesterday to assist investigations into an alleged molest and extortion case involving a woman at a condominium unit in Cheras on Oct 1. Kuala Lumpur police chief Datuk Rusdi Mohd Isa said the arrest of all of the police officers was made following a police report which the victim had lodged on Monday. ‘On Monday, the victim, a 22-year-old local woman, lodged a police report and on the same day police arrested three local men aged between 30 and 50 in connection