Author: Bernama

Customs Dept foils attempt to smuggle drug worth over RM3.2 mln at KLIA

PUTRAJAYA: The Customs Department foiled an attempt to smuggle drugs, worth more than RM3.2 million, hidden in commercial parcels in the cargo area of the Kuala Lumpur International Airport (KLIA), Sepang on July 26. In the 1.10 pm operation, the department’s Central Zone Export branch team members stopped a lorry

Colombian president’s son charged with money laundering

RIO DE JANEIRO: Colombian prosecutors on Tuesday said they have charged the son of President Gustavo Petro, Nicolás Petro, with money laundering and illicit enrichment in the 2022 presidential campaign, reported German news agency (dpa).  Petro had an unjustified increase in his capital as a public official, a statement from

China extends tax incentives to encourage investment in tech startups

BEIJING: China announced on Wednesday the extension of favourable taxation policies for venture capital firms and individual angel investors making investments in tech startups, reported Xinhua. The policies, first unveiled in 2018, will be extended until the end of 2027, according to a joint statement released by the Ministry of

Scientists develop pill that destroys solid cancer tumours in early research

LONDON: Scientists have developed a pill that appears in pre-clinical research to “annihilate” all solid cancer tumours and leave healthy cells unaffected, said German news agency (dpa). Researchers at City of Hope, one of the US’ largest cancer research and treatment organisations, published a study on Tuesday detailing early test

Appeals Court upholds death sentence on businessman for drug trafficking

PUTRAJAYA: The Court of Appeal here today upheld the death sentence imposed on a businessman for trafficking in 9.528 kg of cannabis. This followed a decision by a three-man panel of the Court of Appeal, comprising Justices Datuk Hadhariah Syed Ismail, Datuk See Mee Chun and Datuk Azmi Ariffin, in

SERC expects Malaysia’s GDP to grow by 4.5 pct this year

KUALA LUMPUR: Malaysia’s gross domestic product (GDP) is expected to grow by between four per cent and five per cent in the second half of 2023 (2H 2023) and by 4.5 per cent for the full year, said the Socio-Economic Research Centre (SERC). Executive director Lee Heng Guie said consumer

Starbucks profit and revenue up in third quarter

WASHINGTON: Coffee chain giant Starbucks beat analysts’ estimates and recorded a rise in profit for its third quarter, the company said on Tuesday, reported German news agency (dpa). Starbucks’ bottom line came in at US$1.14 billion, or US$0.99 per share. This compares with US$912.9 million, or US$0.79 per share, in

Bayern Munich complete separation with ex-CEO Kahn

SINGAPORE: Bayern Munich have completed the separation with their former CEO Oliver Kahn by terminating his contract on “amicable” terms, the Sport Bild weekly reported in its latest edition on Wednesday, said German news agency (dpa). Kahn, and board member for sport Hasan Salihamidzic, had to go at the end