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The door for negotiations regarding the memorandum of understanding (MoU) on allocations for opposition Members of Parliament is not closed, and the government is ready to discuss the matter further, said Communications Minister Fahmi Fadzil. Fahmi, who is also the Unity Government spokesman, said the draft MoU serves as a discussion platform and is not a final document. “The door for negotiations is not closed; it is the opposition that has closed it. If the opposition truly wishes to discuss, let’s have that discussion without fear. Come and talk. We are ready to talk,” he said when speaking at the

Bursa Malaysia ended the morning trading session higher, tracking Wall Street’s rally overnight. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 6.96 points to 1,672.61 from Thursday’s close of 1,665.65. The benchmark index opened 5.03 points higher at 1,670.68 and moved between 1,669.37 and 1,674.04 throughout the session. Gainers outpaced decliners 663 to 403, with 410 counters unchanged, 1,039 untraded and 32 suspended. Turnover stood at 2.15 billion units worth RM1.72 billion. In a research note today, Hong Leong Investment Bank said the FBM KLCI resumed its uptrend towards short-term resistances at the 1,684-1,710 levels in the

The Asian Captive Conference (ACC) 2024, co-hosted by Labuan IBFC Incorporated Sdn Bhd (Labuan IBFC Inc.) and the Labuan International Insurance Association (LIIA), took place yesterday at the Sime Darby Convention Centre. The event saw over 200 attendees, including regulators from Cambodia, Hong Kong and India’s insurance industry; professionals, investors and service providers from the global captive industry; representatives from government agencies and the media. The involvement of more than 20 sponsors and partners highlighted that the conference was the flagship event for the captive space. Source: BERNAMA News Agency

nvironmentalists and biodiversity experts are eagerly anticipating Budget 2025, set to be tabled on Oct 18, with hopes that the government will continue advancing the nation’s environmental protection agenda. Reflecting on Budget 2024, which was unveiled last year, a total of RM7.1 billion was allocated to the Ministry of Natural Resources and Environmental Sustainability (NRES), up from RM6.5 billion in 2023. Key highlights included various measures to support the nation’s Environmental, Social, and Governance (ESG) objectives, such as RM2 billion for the National Energy Transition Roadmap (NETR) and the issuance of a RM1 billion biodiversity Sukuk to replant degraded forests

The Ministry of Domestic Trade and Cost of Living (KPDN) assures that the food supply in flood-affected areas is always sufficient. Its minister Datuk Armizan Mohd Ali said that among the measures implemented was to allow major wholesalers (DDW) and selected retailers (DDR) in each district to increase the quantity of control goods supply storage limit exceeding 30 per cent of the existing limit throughout the disaster period. “At the KPDN level, our main responsibility is to ensure that the necessary supplies are sufficient when there is a flood. So the SOP (standard operating procedure) is already there, we have