Category: General

KUALA LUMPUR: Bursa Malaysia closed lower on Friday due to broad-based selling in tandem with the slump in regional bourses as investors remained cautious over the United States’ slowing economic growth and expectations of another rate hike in Japan. The negative tone today was also affected by the rising geopolitical tension concerns in the Middle East recently. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 13.20 points or 0.81 per cent to 1,611.05 from yesterday’s close of 1,624.25. The market bellwether opened 4.94 points lower at 1,619.31 and moved between 1,607.75 and 1,619.31 throughout the day. On

GUA MUSANG, The media centre for the Nenggiri state by-election will start operation from tomorrow until August 17, to facilitate media practitioners to prepare news reports throughout the by-election. Kelantan Department of Information (JaPen) director Muhd Nor Aswadi Md Nor said the centre which provides internet facilities and a place for media conferences will be open from 9 am to 7 pm, every day. “The centre can accommodate about 20 media personnel at a time. So we invite those on duty at the Nenggiri by-election to come and use the facilities here,” he said. He told reporters after the launching

KUALA LUMPUR: Aug 1 (Bernama) –The Second Chance Policy initiative implemented by the government under the ‘Rukun Ihsan’ principle provides a new lease on life for the bankrupts. Selangor Insolvency director Pavani Kasi said bankrupt individuals who benefitted from the initiative thanked the government for the move and were now relieved that the ‘restrictions’ imposed on them had been lifted. “We have granted relief to many bankrupt individuals under the Second Chance Policy. Many are very grateful and happy to be released. Their lives are greatly improved because they had been living under bankruptcy with many restrictions,” she told Bernama.

KUALA LUMPUR: Meta Platforms Inc (Meta) removing Prime Minister Datuk Seri Anwar Ibrahim’s posts on the assassination of Hamas Political Bureau chief Ismail Haniyeh on Wednesday has been deemed an act of double standards. Dr Mazlan Ali, an Associate Professor at the Perdana Centre, Razak Faculty of Technology and Informatics, Universiti Teknologi Malaysia, said Meta’s assessment of the posts indicates that the social media service provider is biased towards the situation in Palestine and its leaders. “The guidelines set by Meta are based on a Western interpretation that is pro-Israel, where they view Hamas as a terrorist organisation, which is

MANILA: The Philippine economy likely grew at 6 percent in the second quarter of the year, an economist said on Friday. In a Viber message, Rizal Commercial Banking Corporation chief economist Michael Ricafort said drivers of growth include the higher consumer and government spending. “Faster consumer spending, which accounts for at least 70 percent of the economy, as many businesses and industries recover further with no more Covid restrictions for more than a year already or since June 22, 2023, especially those hit hard by the pandemic, going back or even exceeding [their] pre-pandemic levels,” he said. He said the