Ringgit Down After Budget Revision

KUALA LUMPUR, Jan 21 – The ringgit extended its losses against the US dollar on selling pressure amid concerns over the country’s economic growth, dealers said. At 9 am, the ringgit was quoted at 3.6220/6250 against 3.6060/6730 at 5pm yesterday. A dealer said the market was reacting to the adjustments in economic targets

31% Pay Hike For China’s Civil Service

BEIJING, Jan 21 – China has raised the wages of government workers by at least 31%, according to a document seen by Reuters today, as part of efforts to combat corruption and lift the spending power of millions as the country seeks to increase consumption. The basic salaries of some civil

Indian Court Tells Govt To Unlock Greenpeace Cash

NEW DELHI, Jan 21 – A court here today ordered the government to unblock thousands of dollars of Greenpeace India’s funds after they were frozen following accusations that foreign-funded campaign groups were hurting India’s economy. Prime Minister Narendra Modi’s government tightened controls on foreign fund transfers to Greenpeace India in June following

QZ8501: Climbed At Speed ‘Beyond Normal’

JAKARTA, Jan 21 – The Indonesia AirAsia plane that crashed into the Java Sea last month with 162 people on board had climbed at a speed that was higher than normal and then stalled, Indonesia’s transport minister said Tuesday. “In the final minutes, the plane climbed at a speed which was

Hishammuddin Denies Sending Letter To The FBI

KUALA LUMPUR, Jan 21 – Defence Minister Datuk Seri Hishammuddin Hussein denied having sent a letter to the Federal Bureau of Investigation (FBI) of the United States for any party, The Malaysian Insiderreported today. His denial contradicted an earlier statement made by Home Minister Datuk Seri Ahmad Zahid Hamidi pertaining to the controversy

Economic Changes: No Need For Malaysia To Panic, Says MEA

KUALA LUMPUR, Jan 21 – There is no need to be in quandaries amidst the fluctuating oil prices and slump in ringgit value. This is because our economic fundamentals and banking systems are very strong, said Malaysian Economic Association (MEA) president, Tan Sri Mohd Sheriff Mohd Kassim. “It is very reassuring to

AirAsia Jet Climbed Fast Then Stalled: Minister

JAKARTA, Jan 20 – An AirAsia plane that crashed into the Java Sea last month with 162 people on board climbed at a faster than normal speed and then stalled, the Indonesian transport minister said Tuesday. Flight QZ8501 went down on December 28 in stormy weather, during what was supposed to be

Penang CM Leads Mission To Hong Kong, Taiwan

GEORGE TOWN, Jan 20 – Penang Chief Minister Lim Guan Eng today led a mission to Hong Kong and Taiwan on a four-day visit to seek investment and forge partnership in combating crime. The delegation comprised, among others, Lim’s wife Betty Chew; InvestPenang board of directors Jeff Ooi and A. Tanasekharan;

University Start-up Conference Malaysia 2015 Launch Tomorrow

KUALA LUMPUR, Jan 20 – The University Start-Up Conference Malaysia 2015 (USTART2015) will be launched Wednesday by Treasury Secretary General Tan Sri Dr Irwan Siregar Abdullah. Themed, “Creating Economic and Social Impact through University Startups”, USTART2015 will highlight efforts by universities in innovating and commercialising research and development outputs through start-up

IS Wants US$200m Ransom Or Japanese Hostages Will Die

CAIRO, Jan 20 – An online video released today purported to show the Islamic State group threatening to kill two Japanese hostages unless they receive a US$200 million (RM722.26 million) ransom in the next 72 hours. The video, identified as being made by the Islamic State group’s al-Furqan media arm and posted

Dr M should be more frank on why Perkasa exists, says Kok

KUALA LUMPUR, Jan 20 – Umno’s fear of losing power was the real reason why Perkasa exists, DAP’s Teresa Kok says. In rubbishing former Prime Minister Tun Dr Mahathir Mohamad’s allegation that the Malay rights wing group was formed in response to extremist views by non-Malays, Kok cited a former Election Commission chairman’s statement

Home Ministry Fully Backs New Economic Measures

PUTRAJAYA, Jan 20 – Following the announcement by Prime Minister Datuk Seri Najib Razak on the nation’s economy, the Home Ministry has voiced its full support to the strategies to be undertaken by the government. Its Minister, Datuk Seri Ahmad Zahid Hamidi said it supported the implementation of free visas to tourists from China.

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