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KLCI Chalks Up Mild Gains At Midday As Public Bank Lifts

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KUALA LUMPUR- Blue chips advanced at midday on Monday, with the FBM KLCI supported by fund buying of Public Bank and some nibbling of Petronas Chemicals and Genting Bhd However, the broader market and trading volume reflected the investors’ lack of enthusiasm as the investors’ mood was focused on the General Election 14 on May…

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He May Be Poor, But He’s Not Greedy

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KAMPAR – He may work in an industry that turns trash into cash, but Cheah Keng Keong will not be tempted to take pocket money that is not his. The recyclable material collector did not think twice about returning RM4,000 to the rightful owner after stumbling upon the cash in a sling bag in Bandar…

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Bitcoin Slides On ‘Fraud’ Warning From JPMorgan’s Dimon

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LONDON- Bitcoin slid by more than 10 percent on Wednesday, as investors sold the cryptocurrency after a warning by JPMorgan Chief Executive Jamie Dimon that it “is a fraud” and will eventually “blow up.” Bitcoin, the original and still the biggest cryptocurrency, has been on a tear in recent months, hitting a record high just…

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Ringgit Higher Against US Dollar

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KUALA LUMPUR: The ringgit was slightly higher against the US dollar and other major currencies early Wednesday on renewed demand for the domestic unit, a dealer said. At 9.00 am(0100 gmt), the local unit was quoted at 4.2050/2080 against the greenback from Tuesday’s close of 4.2060/2090. The dealer said the ringgit’s rebound was due to…

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Three Held For Printing Counterfeit Money In Kuching

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KUCHING: Police have detained two men and a woman over the printing of counterfeit money on Thursday. Police chief ACP Abang Ahmad Abang Julai said the arrests were made at a hotel room in Jalan Tun Razak by a police team from the Commercial CID. He said the three individuals aged between 17 and 36…

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Malaysian Student In Australia Siphoned Off RM15,000 A Day To Secret Bank Accounts

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PETALING JAYA: A Malaysian student in Australia charged with allegedly spending A$4.6mil (RM13.8mil) mistakenly given to her by a bank may have moved A$5,000 (RM15,000) a day to secret bank accounts around the country. The Daily Telegraph reported that Christine Jiaxin Lee apparently siphoned off A$33,000 (RM99,000) a week to private accounts at banks not…

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Malaysian Weightlifting Federation President Denies Embezzling Money

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KUALA LUMPUR – Malaysian Weightlifting Federation (MWF) president Datuk Ong Poh Eng has denied newspaper reports that he had embezzled money. He said the allegation was created by an individual who plans to tarnish his good image in the run up to the contest for the post of MWF president. “Don’t play dirty politics in…

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