Saturday, January 25

Tag: IKON

Malaysian Manufacturing Sector Endures Ongoing Weak Demand Despite Signs of Stabilisation
Business

Malaysian Manufacturing Sector Endures Ongoing Weak Demand Despite Signs of Stabilisation

The Malaysian manufacturing sector continued to face challenging conditions at the end of 2023, according to the latest PMI data from S&P Global. Demand remained subdued, leading firms to cut back production for the 17th consecutive month amid limited new orders. However, the rate of decline in output eased to the slowest pace since August. Despite weak demand, manufacturers added staff for the first time in eight months in December, albeit at a marginal rate. Input price inflation also slowed for the first time in three months to the weakest since September. The seasonally adjusted PMI was unchanged at 47.9 in December, signaling business conditions remained difficult. Manufacturers cited weak customer confidence and subdued demand. New orders fell for the 16th straight ...
Malaysian drug kingpin arrested in Laos
News

Malaysian drug kingpin arrested in Laos

A Malaysian fugitive wanted in Thailand for drug smuggling was arrested during a Thai-Lao joint operation last week. The 39-year-old Malaysian, an alleged drug dealer and key member of a drug syndicate had been in hiding in Laos, according to Thai police. Assistant National Police Chief Pol Lt Gen Panurat Lakboon said the Office of the Narcotics Control Board (ONCB) has been investigating the Malaysian man, a suspected drug trafficker who played a key role as procurer and coordinator in the drug trade in the Golden Triangle area since 2006. He said the man was arrested in Laos on Dec 29. “The suspect has been working with drug networks across Thailand, Malaysia, China, Singapore, and Laos. He also used Thailand for both money laundering and as a transit point for smuggling...
At least six dead after huge earthquake rocked Japan on New Year’s Day
News

At least six dead after huge earthquake rocked Japan on New Year’s Day

The powerful earthquake that hit central Japan on New Year's Day killed at least six people, as police and local authorities early on Tuesday reported cases of bodies being pulled from the rubble of collapsed buildings. The quake with a preliminary magnitude of 7.6 struck in the middle of the afternoon on Monday, destroying buildings, knocking out power to tens of thousands of homes and prompting residents in some coastal areas to flee to higher ground. It also triggered waves about one metre high along Japan's long western seaboard as well as in neighbouring South Korea. Army personnel were dispatched to help with rescue operations, while one local airport was shut down after the quake tore open cracks in the runway. An elderly man was pronounced dead after a building col...
Abercrombie’s 285% surge in 2023 beats even sizzling Nvidia
Business

Abercrombie’s 285% surge in 2023 beats even sizzling Nvidia

One retail stock has been a clear winner this year as fashion trends revisited the late 90s and early 2000s. Abercrombie & Fitch Co. has gained 285% this year, its best annual performance since going public in 1996. The rally has made the company the best performer in the S&P 1500 Index, even managing to beat out artificial intelligence darling Nvidia Corp.’s 239% gain. The retailer has also handily outperformed its peers – the S&P Retail Select Industry Index rose 20% this year. The strong showing is a sharp pivot from 2022, when the retailer’s shares fell 34% as the broader stock market was dragged down by an uncertain economic backdrop and cautious consumers. Heading into this year, however, Abercrombie cleared extra inventory and focused on its target audience, y...
Daren retires as Zii Jia’s assistant coach
Sports

Daren retires as Zii Jia’s assistant coach

Former men’s singles shuttler Liew Daren will be parting ways with Lee Zii Jia, after almost two years serving as the world’s number eleventh player assistant coach. Team LZJ took to Instagram yesterday to confirm Daren’s decision. “After a heart-to-heart discussion, Team LZJ with the heaviest of feelings agree to accept Liew Daren’s resignation from the team. We respect his decision to do so due to personal reasons. “Daren was an integral part of the team since day one and has played an important role in the development of Team LZJ. His presence will be sorely missed by all within the team. As such the doors at Team LZJ will always remain open for Daren,” the team posted. Daren, who represented Malaysia as an independent men’s singles shuttler, had retired in April, then ...
AirAsia CEO Riad Asmat announces resignation
News

AirAsia CEO Riad Asmat announces resignation

AirAsia chief executive officer (CEO) Riad Asmat announced his resignation today. In his Instagram posting, Riad thanked AirAsia and the team “for their undying support given throughout the good as well as bad times,” and said it was “truly an honor to have been given the opportunity to work with each and everyone one of you throughout these years.” “As I take a bit of break and transition into possible advisory roles for this organisation, please take good care of yourselves and stay safe always. “I don’t really believe in goodbyes as it’s more of a ‘see you around’ thing for me. So ‘see you around’ guys,” Riad said in the posting, adding that he “loved every single bit of the journey with AirAsia with no regrets.” Riad was appointed as the CEO of AirAsia on Jan 10, 2018....
Psy’s Gangnam Style tops 5 billion YouTube views
Entertainment

Psy’s Gangnam Style tops 5 billion YouTube views

“Gangnam Style,” a 2012 global sensation by South Korean singer-rapper Psy, reached another milestone Saturday as the song’s popularity has continued for more than a decade. The music video for the song exceeded 5 billion views on YouTube, reported Yonhap news agency. Unveiled in July 2012, the main track from Psy’s sixth full-length album became a global sensation as its comical music video and the singer’s trademark horse dance went viral. The song made him the first K-pop act to rise to No. 2 on Billboard’s Hot 100 main singles chart. Psy spent a total of seven weeks in the position. Its music video became the first video to exceed YouTube’s view limit when it surpassed 2 billion views in May 2014, prompting the service to upgrade its counter. The video later surpassed ...
HDC: Malaysia secures top spot in global Islamic economy indicator for 10th consecutive year
News

HDC: Malaysia secures top spot in global Islamic economy indicator for 10th consecutive year

Malaysia has once again secured the top position in the Global Islamic Economy Indicator (GIEI) for the 10th consecutive year, according to the Halal Development Corporation Bhd (HDC). “The 2023 rankings place Malaysia at the forefront, followed closely by Saudi Arabia, Indonesia, and the UAE,” it said in a statement. Citing the 2023/2024 edition of the State of the Global Islamic Economy (SGIE) report, HDC said Malaysia secured first place in Islamic finance, halal food, and media and recreation, coupled with a commendable second-place ranking in “modest fashion,” third spot in pharmaceuticals and fifth in tourism. Since the inception of the SGIE Report, Malaysia has consistently claimed the first position, showcasing the nation’s enduring commitment to the Islamic economy, ...