Malaysia’s lower-than-expected consumer prices in July have prompted more analysts to downgrade their inflation forecasts for the year, giving Bank Negara space to continue supporting economic growth. Analysts at Maybank Investment Bank Bhd (Maybank IB) and RHB Bank Bhd trimmed their annual inflation projections for Malaysia to 2% and 2.1%, respectively, from 2.4% and 2.6%,…
The future presence of the Israeli Defence Forces in Gaza and Palestinian prisoner releases are two key issues obstructing the ceasefire and hostage deal between the Hamas and Israel, Reuters reported, quoting sources from the US mediated talks last week. The disagreements stemmed from demands Israel has introduced since Hamas accepted a version of a…
The Malaysian Rahmah Foundation would be organising Jelajah Amanat Merdeka in conjunction with the Independence Day followed by Malaysia Day where the public would have a chance to obtain a scroll containing the declaration of independence by Malaysia’s Father of Independence, the late Tunku Abdul Abdul Rahman that was delivered 67 years ago. This unique…
BN chairman Datuk Seri Ahmad Zahid Hamidi disputed claims that Perikatan Nasional chairman Tan Sri Muhyiddin Yassin had the support of 115 MPs based on the number of statutory declarations (SDs). “The Umno secretary general is the witness. The 115 that he claim includes 10 SDs by MPs who signed two SDs,” he said on…
Malaysia is fast becoming a haven in Southeast Asia and foreign investors are returning to a long-overlooked market as a confluence of improving growth, stable government and rising currency sets it apart among peers grappling with political flux. Foreigners have steadily poured more money into Malaysian debt and stocks this year. In July, as political…
Umno supreme council member Datuk Puad Zarkashi upped the ante on Perikatan Nasional chairman Tan Sri Muhyiddin Yassin by daring the latter to bring forward oral admissions of non PN MPs who are supportive of Muhyiddin. “That’s the way to prove your 115 statutory declarations (SDs) are authentic. I dare you to call up non…
Umno supreme council member Datuk Puad Zarkashi has called upon PN secretary general Datuk Seri Hamzah Zainuddin to tell the latter’s chairman to retire from politics. “It is impossible for a former prime minister who is still ambitious to be one to continue being insolent and not seek forgiveness. Preserve the institution of the Malay…
Perikatan Nasional chairman Tan Sri Muhyiddin Yassin submitted documents including 115 statutory declarations of MPs who allegedly backed him to the police who questioned over his speech that he made in Felda Perasu on Aug 15 during the Nenggiri by-election.’ Muhyiddin said in a press statement that 114 declarations had been submitted to Istana Negara…
Tighter central banking policies have strengthened the Malaysian Ringgit and Singapore’s Dollar leading to the two currencies rising up to the most in the last 18 months against the US dollar. THis happened even as the US Federal Reserves are contemplating rate cuts. Analysts and investors will be looking for signs of easing in Chair…
Perikatan Nasional chairman Tan Sri Muhyiddin Yassin met the police at his office at the Malaysian Investment Development Authority building to record his statement at 11am in connection with his speech during the Nenggiri by-election campaign in in Felda Perasu on Aug 15. Present also was deputy president Datuk Seri Ahmad Faizal Azumu. The police…
