Author: Bernama

Condolences to families of passengers, crew of MH17

KUALA LUMPUR: The Dewan Rakyat today marked the eighth anniversary of the downing of Malaysia Airlines flight MH17 over Ukraine airspace by further expressing condolences to the family members of the passengers and crew of the ill-fated flight. The Boeing 777 was en route from Amsterdam to Kuala Lumpur on

Stamp duty exemption to have minimal impact on property market

KUALA LUMPUR: The re-introduction of the stamp duty exemption for first-time house buyers is expected to have minimal impact on the overall property market, said RHB Investment Bank Bhd (RHB IB). In a note today, it said the ongoing market headwinds such as rising inflationary pressure and the weakening of the

4 killed in mid-air plane collision

MOSCOW: Four people died following a collision between two planes in North Las Vegas in the US state of Nevada, reported Sputnik quoting the City of North Las Vegas (CNLV) Fire Department. It alerted the incident at 12pm today [19:00 GMT on Sunday]. NLVFD [North Las Vegas Fire Department] and

2022 Commonwealth Games: Thinaah not settling for silver or bronze

KUALA LUMPUR: All bets are off. National main women’s doubles player, M. Thinaah believes that she and partner Pearly Tan can defend Malaysia’s gold in women’s doubles at the 2022 Commonwealth Games in Birmingham, England. Thinaah pointed out that their recent upset win over Japanese pair and fourth seeds Yuki

Ringgit likely to continue losing streak

KUALA LUMPUR: The ringgit is likely to continue its losing streak against the US dollar next week, as the greenback is expected to stay dominant amid mounting inflation jitters. SPI Asset Management managing partner Stephen Innes said as recession nerves continue to grip markets globally, the macro focus will be

Efficient cross-border payment is critical

KUALA LUMPUR: It is critical for a small and highly open economy such as Malaysia to have an efficient cross-border payment service to support trade and commerce with its neighbouring countries as well as all countries worldwide. Bank Negara Malaysia (BNM) Governor Tan Sri Nor Shamsiah Mohd Yunus said the

Temporary freeze on workers: Plantation sector most effected

KUALA LUMPUR: The plantation sector will be the worst affected by Indonesia’s temporary freeze on workers to Malaysia as it is more reliant on Indonesian workers for harvesting activities in the estates, which is critical for the upcoming peak production months, says CGS-CIMB Securities Sdn Bhd. “The delay (in the

Bank stocks still offer hedge against inflation

KUALA LUMPUR: RHB Investment Bank Bhd (RHBIB) has maintained its “overweight” call on bank stocks as it believes banks still offer some degree of hedging against inflation despite rising recessionary risks. The investment bank said these stocks recorded a modest five per cent growth for year-to-date July 2022, retreating from

Job scam: 4 Malaysians stranded in Cambodia brought home

SEPANG: Four more Malaysians who were allegedly duped by syndicates that offered high-paying jobs in Cambodia were brought home yesterday. Bukit Aman Criminal Investigation Department (CID) deputy director (intelligence/operations) Datuk Hussein Omar Khan said they were among the 54 Malaysians who had fallen victim to such job scam syndicates and