Sunday, November 24

Month: November 2023

PM Anwar Ibrahim Advocates Enhanced Collaboration Among Muslim Nations in Business and Investment
Business

PM Anwar Ibrahim Advocates Enhanced Collaboration Among Muslim Nations in Business and Investment

Anwar Ibrahim, Malaysia's Prime Minister, urged greater collaboration among Muslim nations in business, investment, and economic realms during the Global Muslim Business Forum. He stressed the need for Muslim countries to unite and focus on collaboration rather than competition, especially when they are neighbors. Anwar highlighted Malaysia's positive relations with Indonesia, praising their collaborative stance instead of aggressive competition. Anwar disclosed discussions with Thai Prime Minister Srettha Thavisin at the Thai-Malaysia border, aiming to bolster ties, trade, and investments, in addition to noting the importance of fostering relationships, particularly in the impoverished areas of southern Thailand and northern Malaysia. “So, if they really take the initiative,...
REDtone, SpaceX ink deal to offer Starlink satellite broadband services across Malaysia
Business

REDtone, SpaceX ink deal to offer Starlink satellite broadband services across Malaysia

REDtone Digital Bhd and SpaceX have signed an authorised reseller agreement to offer Starlink satellite-based high-speed internet services across Malaysia. In a statement today, REDtone, which is an integrated telecommunications and digital infrastructure services provider company, said with its team of more than 150 dedicated engineers across the country, the company can quickly deploy Starlink’s broadband services to users in remote locations as well as areas with geographical and environmental constraints. REDtone chief executive officer Lau Bik Soon said the company’s strength as a network integrator will enable them to offer seamless satellite-based services to government and enterprise customers. “We are targeting sectors which are showing an increasing reliance on sate...
MACC Refutes Threat of Legal Action by Aman Palestin Over Frozen Accounts
News

MACC Refutes Threat of Legal Action by Aman Palestin Over Frozen Accounts

The Malaysian Anti-Corruption Commission (MACC) has dismissed the ultimatum set by Aman Palestin, an NGO, to unfreeze its bank accounts within three days or face legal action. MACC's chief commissioner, Tan Sri Azam Baki, stated that the agency stands firm on maintaining the freeze on Aman Palestin's accounts. He emphasised MACC's readiness to address any legal challenge brought forth by the NGO. Addressing the media, Azam affirmed that MACC conducts its duties professionally, devoid of any malicious intent towards any party involved. He further noted that MACC has not received any formal correspondence from Aman Palestin regarding the matter. Earlier, Aman Palestin's lawyer, Rafique Rashid Ali, had issued the ultimatum, threatening legal action if the freeze on the accounts ...
2023 taxation: Without GST, Malaysia still on right track for fiscal consolidation
Finance

2023 taxation: Without GST, Malaysia still on right track for fiscal consolidation

The government is now looking at further narrowing its fiscal deficit which eased to 5.6% last year after hitting 6.4% in 2021 amid a much-needed pandemic-induced spending to boost the economy and safeguard Malaysian’s livelihood at large. Initiatives to ensure more effective and sustainable financial management for the country have been one of the measures by the unity government led by Prime Minister Datuk Seri Anwar Ibrahim. Under the Mid-Term Review (MTR) of the 12th Malaysia Plan (12MP) 2021-2025 launched in September this year, the government said it will look at ways to broaden its fiscal revenue, with efforts, among others, to improve tax collection by promoting voluntary tax declaration and the introduction of e-invoicing. No GST, for nowDespite the brouhaha about th...
Verdict in Isa Samad’s corruption appeal scheduled today postponed
News

Verdict in Isa Samad’s corruption appeal scheduled today postponed

The Court of Appeal has postponed its decision in the appeal by former Felda chairman Tan Sri Isa Samad against his conviction, the six years’ jail sentence and RM15.45 million fine for corruption. The appellate court three-member bench comprising Justices Datuk Vazeer Alam Mydin Meera, Datuk Ahmad Zaidi Ibrahim and Datuk S.M.Komathy Suppiah was Initially scheduled to deliver its decision on Isa’s appeal today. One of the counsels representing Isa, Siti Sarah Khalil, when contacted by Bernama said the defence team received a notice from the court informing that the decision date today has been vacated and it will be replaced with a case management to set the new date for the court to deliver the decision. On Oct 14, this year, the bench reserved its decision in the appeal aft...
Night Vision Goggle Market is Forecast to Reach US$ 3.2 Billion in 2028, Says Stratview Research
Business, Innovation/ Technology

Night Vision Goggle Market is Forecast to Reach US$ 3.2 Billion in 2028, Says Stratview Research

Stratview Research, a global market research firm has launched a report on the night vision goggles market which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape. Report Highlights Segment Insights on Night Vision Goggle Market The night vision goggle market is segmented based on product type, device type, platform type, technology type, and region. Based on product type- The market is segmented into helmet-mounted display and handheld goggle. Between these product types, the helmet-mounted display is expected to remain the biggest market category in the coming years. These night vision goggles efficiently track the area where soldiers see and can extrapolate the v...
NRECC, The Ocean Cleanup collaborate to reduce plastic pollution in Malaysian rivers
Environment

NRECC, The Ocean Cleanup collaborate to reduce plastic pollution in Malaysian rivers

The government is committed to fighting river pollution and providing a cleaner and healthier environment for the country through a collaboration with The Ocean Cleanup, a non-profit international project with a mission of ridding the world’s oceans of plastic. The Ministry of Natural Resources, Environment and Climate Change (NRECC) in a statement today said the collaboration was inked through a Memorandum of Cooperation, signed by the ministry’s secretary-general Dr Ching Thoo Kim and The Ocean Cleanup founder and chief executive officer Boyan Slat. The ministry said via the memorandum, the two parties will promote and develop cooperation in the removal and management of river plastic waste in Malaysia, to reduce ocean inflows of plastic. “Through this collaboration, the te...
30-day visa free entry for visitors from China, India beginning Dec 1
News

30-day visa free entry for visitors from China, India beginning Dec 1

The government will grant a 30-day visa-free entry for citizens of China and India from Dec 1, as part of the celebration of the 50-year strategic partnership between Malaysia and China next year, said Prime Minister Datuk Seri Anwar Ibrahim. He said it is an additional facility to the existing visa exemptions currently enjoyed by citizens from Gulf countries and other West Asian nations, including Türkiye and Jordan. However, Anwar, who is also Finance Minister, said that the visa exemption is subject to security screenings. “Initial screenings will be conducted for all tourists and visitors to Malaysia. Security matters are a different matter; if there are criminal records or the risk of terrorism, they will not be allowed to enter. “That comes under the authority of the...