Gang Wong currency investment scam foiled

A virtual currency investment scam by a group called Gang Wong was dismantled by the police, announced Inspector-General of Police Tan Sri Razarudin Husain. Ten people, including a ring leader, were arrested, reported China Press and Guang Ming Daily.

Nanyang Daily led with Science, Technology and Innovation Minister Chang Lih Kang pointing out that the semiconductor industry is heavily relying on foreign companies for support which is becoming a bane to the sector.

Sin Chew Daily headlined Deputy Education Minister Wong Kah Woh thanking the 2024 Tiger Sin Chew Chinese education charity concert that has raised over RM470 million over 30 years that benefitted 540 Chinese schools.

Sungai Bakap assemblyman Nor Zamri Latiff’s death yesterday is the headline in Kwong Wah Daily. His death was confirmed by his party, Pas.

Editorial

Nanyang Daily pointed out that leaders must have a vision and take strong measures to tackle debt, similar to how Singapore managed its finances.

Despite having high debt ratios, Singapore maintains budget surpluses and top credit ratings. The daily added that Malaysia needs forward-looking economic policies and strong leadership to turn bad debt into good debt.

Prime Minister Datuk Seri Anwar Ibrahim has rightly pointed out that Malaysia’s debt stands at RM1.2 trillion caused by excessive spending and reduced revenues.