KUALA LUMPUR (Nov 30): Malaysia's Royal Commission of Inquiry (RCI) affirmed that Bank Negara Malaysia (BNM) incurred RM31.5 billion worth of foreign exchange (forex) losses due to the central bank's forex dealings in the 1990s.

According the RCI's report, the commission alleged that BN...

Malaysia RCI affirms Bank Negara's RM31.5b forex loss

PUTRAJAYA (Sept 19): Chairman Tan Sri Mohd Sidek Hassan of the Royal Commission of Inquiry (RCI) into the 1990s foreign exchange (forex) scandal refused to retract his conclusion that RM31.5 billion was lost due to the central bank's forex trading at the time, which he came to on the first day of...

Forex probe RCI chief refuses to retract early conclusion of RM31.5b lost

PUTRAJAYA (Sept 19): The absence of two key witnesses' statements, former Bank Negara Malaysia (BNM) governor — the late Tan Sri Jaffar Hussein, and ex-Auditor-General Tan Sri Ishak Tadin, pose huge gaps in evidence over the Royal Commission of Inquiry into the 1980s to 1990s foreign exchange sca...

Absence of two key witnesses pose gaps in RCI evidence, say Anwar's counsels

PUTRAJAYA (Sept 19): The Royal Commission of Inquiry (RCI) into the 1980s to 1990s foreign exchange (forex) scandal drew to a close without calling its final witness, former Auditor-General Tan Sri Ishak Tadin, who served between 1986 and 1994.

The panel excused Ishak, 85, from testifyi...

RCI panel draws to a close, final witness unable to testify

PUTRAJAYA (Sept 18): Tun Dr Mahathir Mohamad, speaking on Bank Negara Malaysia's forex loss in the 1990s, said there would have been no reason for then finance minister Datuk Seri Anwar Ibrahim to have doubted the audited accounts of the central bank.

"[At the time], Anwar explained the...

MoF will accept audited BNM accounts, no reason to suspect foul play — Tun M

PUTRAJAYA (Sept 18): Former Bank Negara Malaysia (BNM) governor the late Tan Sri Jaffar Hussein was engaged in currency speculation, not manipulation, said Tun Dr Mahathir Mohamad.

"Jaffar did not manipulate the currency trading but he miscalculated. He miscalculated the Maastricht Trea...

Tun M says late BNM governor Jaffar miscalculated, not manipulated, forex trading

PUTRAJAYA (Sept 18): Former Prime Minister Tun Dr Mahathir Mohamad said that he was only aware RM5.7 billion worth of foreign exchange (forex) losses suffered by Bank Negara Malaysia (BNM) in the early 1990s and not RM30 billion.

“If I had known the losses was RM30 billion, I would not ...

 I was only aware of RM5.7 bil forex losses, not RM30 bil, says Tun M

PUTRAJAYA (Sept 18): Former finance minister Tun Abdul Daim Haji Zainuddin told the Royal Commission of Inquiry (RCI) that he was not aware of any policy changes by Bank Negara Malaysia (BNM) with regards to its approach to foreign exchange (forex) trading after 1985.

"I was not informe...

I was not informed of BNM's forex trading policy changes in 1980s, Tun Daim says

KUALA LUMPUR (Sept 18): The sale of shares in Tenaga Nasional Bhd (TNB) and Telekom Malaysia Bhd (TM) by Bank Negara Malaysia (BNM) in the 1990s to cover the foreign exchange (forex) losses it suffered was to be done discreetly, the Finance Ministry's former deputy finance secretary Datuk Othman ...

BNM's share sale to cover forex losses instructed to be done 'discreetly', RCI told

PUTRAJAYA (Aug 30): Both former prime minister Tun Dr Mahathir Mohamad and then finance minister Datuk Seri Anwar Ibrahim were informed of Bank Negara Malaysia's foreign exchange (forex) trading losses that amounted to some RM30 billion in the early 1990s, the Royal Commission of Inquiry investig...

'Dr M, Anwar informed of forex losses totalling RM30b'

PUTRAJAYA (Aug 30): Bank Negara Malaysia was "basically insolvent" in the early 1990s after suffering losses from foreign exchange trading, the five-member Royal Commission of Inquiry formed to investigate the alleged losses at the central bank was told today.

"About late 1993, or early...

Bank Negara 'basically insolvent' in 1993/94 after forex losses

PUTRAJAYA (Aug 30): The Malaysian Royal Commission of Inquiry was told today that former Bank Negara Malaysia (BNM) governor, the late Tan Sri Jaffar Hussein, was an "honourable" man, although "too trusting of forex officers".

"Jaffar was an honourable, well-intentioned man. But he was ...

Late BNM governor 'too trusting of forex officers', RCI told

PUTRAJAYA (Aug 30): Bank Negara Malaysia (BNM) former deputy governor Tan Sri Lin See-Yan claims former BNM governor the late Tan Sri Jaffar Hussein admitted that the latter had led the central bank into a "mess", due to the regulator's alleged foreign exchange (forex) losses in the 1990s.

...

Lin See-Yan on BNM ex-governor Jaffar's parting words: 'I got the bank into this mess'

PUTRAJAYA (Aug 30): Malaysia's Royal Commission of Inquiry (RCI) was told today that Bank Negara Malaysia (BNM) former governor Tan Sri Jaffar Hussein had instructed central bank officials to take a second look at the regulator's accounts, as he was initially shocked to learn about BNM's alleged ...

BNM former governor Jaffar shocked to learn about forex loss, RCI told

Two additional state assembly seats to be contested by MCA candidates in the 16th Melaka state election, namely Kota Laksamana (N.20) and Bandar Hilir (N.22), pose a significant challenge for the party to secure the people's mandate in the state, especially from the Chinese community.

Melaka polls: Two additional seats a great challenge for MCA, says Wee Ka Siong

Pakatan Harapan (PH) has denied claims by Parti Gerakan Rakyat Malaysia (Gerakan) president Datuk Dr Dominic Lau Hoe Chai that the coalition was involved in the issue surrounding the deregistration of Perikatan Nasional (PN) by the Registrar of Societies.

Melaka polls: PH denies involvement in PN deregistration issue — Adam Adli

With the dust having settled after nominations on Saturday morning, the battle lines have been drawn, paving the way for political parties to vie for the 28 seats in the upcoming Melaka state election.

Melaka polls: Candidates, key battlegrounds and political stakes

The European Union (EU) is rushing to forge a new transatlantic alliance just as an old one is falling apart.

As Trump unravels the old world order, Canada and EU join forces

A total of 79 candidates representing various political parties, coalitions and independents have been confirmed eligible to contest in the 16th Melaka state election on Nov 14.

Melaka polls: 79 candidates to contest 28 seats, straight fights in 11 constituencies

Two-term incumbent Kerk Chee Yee of Pakatan Harapan (PH) is set for a four-cornered battle to defend his Ayer Keroh (N.16) state seat in the upcoming Melaka state election.

Melaka polls: Four-cornered battle looms in Ayer Keroh as PH incumbent defends seat

Gamuda Land and Taylor’s Assets have fully sold Block B of Haus on 15, their mixed-use development on the former Taylor’s College campus in SS15, as they officially launched the project on Saturday and opened Block A for sale. Block B was soft launched in early October.

Gamuda Land, Taylor’s Assets launch Haus on 15 in Subang Jaya; Block B fully sold

Barisan Nasional (BN) will continue to entrust Datuk Seri Dr Ab Rauf Yusoh with the post of the chief minister if the coalition wins the 16th Melaka state election on Nov 14.

Zahid: Ab Rauf to continue leading Melaka if BN wins state polls

The Attorney General's Chambers (AGC) said it did not interfere in the decision to return former Border Control and Protection Agency director general Datuk Seri Mohd Shuhaily Mohd Zain to the Royal Malaysian Police (PDRM).

AGC says not interfering in Mohd Shuhaily's return to police force

Melaka Malaysian Chinese Association (MCA) chief Datuk Lim Ban Hong is set for a four-cornered race as he seeks to defend the Kelebang (N.14) state seat in the upcoming Melaka state election.

Melaka MCA chief Lim Ban Hong in four-cornered fight to retain Kelebang seat

The nomination process for the 16th Melaka state election has been completed after all 28 nomination centres across the state closed at 10am on Saturday morning.

Melaka polls: All 28 nomination centres close at 10am

Intel Corp suffered its worst stock rout in more than four decades after the PC industry slump and supply-chain snags hurt its forecast, renewing fears about the chipmaker’s turnaround bid.

Intel suffers worst stock drop in decades on weak forecast

A sharp sell-off in Wall Street's tech shares pushed MSCI's global index down 1.5% on Friday, sending investors to the safety of US bonds on fears that hefty cash-burning artificial intelligence (AI) investments may not deliver sufficient returns.

Stocks fall on AI cash burn worries while bonds rally with oil

Two-term incumbent Kerk Chee Yee of Pakatan Harapan (PH) is set for a four-cornered battle to defend his Ayer Keroh (N.16) state seat in the upcoming Melaka state election.

SD Guthrie Bhd (KL:SDG) has set its sights on delivering higher shareholder returns, with its new president and group chief executive officer&nbsp;Mohd Haris Mohd Arshad tasked with building on the foundations laid by his predecessor.

On a mission to drive higher returns

Gamuda Land and Taylor’s Assets have fully sold Block B of Haus on 15, their mixed-use development on the former Taylor’s College campus in SS15, as they officially launched the project on Saturday and opened Block A for sale. Block B was soft launched in early October.

A total of 79 candidates representing various political parties, coalitions and independents have been confirmed eligible to contest in the 16th Melaka state election on Nov 14.

Melaka Malaysian Chinese Association (MCA) chief Datuk Lim Ban Hong is set for a four-cornered race as he seeks to defend the Kelebang <a href="https://theedgemalaysia.com/askedge/elections/state/melaka/N.14" target="_blank">(N.14)</a> state seat in the upcoming Melaka state election.

Bukit Katil incumbent and Alor Gajah MP Adly Zahari of Amanah (Pakatan Harapan) faces a tough siege from a joint offence from Perikatan Nasional’s PAS and Barisan Nasional.

Melaka polls: PH’s Adly faces PAS-BN tie-up in defence of Bukit Katil

Caretaker Melaka Chief Minister Datuk Seri Ab Rauf Yusoh faces a straight fight as he seeks to defend the Tanjung Bidara <a href="https://theedgemalaysia.com/askedge/elections/state/melaka/N.02" target="_blank">(N.02)</a> seat in the 16th Melaka state election on Nov 14.

Melaka polls: Ab Rauf challenged by PH's Mohd Yunazri Mustamiri in Tanjung Bidara

A trio of US Federal Reserve (Fed) officials reaffirmed the need for additional interest-rate hikes while counseling a gradual approach to tightening that would minimise disruptions to financial markets and the economy.

Fed officials back more rate hikes, gradual pace of tightening

The nomination process for the 16th Melaka state election on Saturday drew political leaders from various parties, including Wanita DAP chief Teo Nie Ching, who turned out to lend support to their respective candidates.

Melaka polls: Teo accompanies PH's Bandar Hilir candidate to nomination centre

With the dust having settled after nominations on Saturday morning, the battle lines have been drawn, paving the way for political parties to vie for the 28 seats in the upcoming Melaka state election.

President Donald Trump said the US is looking into whether North Korean hackers were behind a US$6.3 billion (RM25.6&nbsp;billion)&nbsp;heist targeting Binance that has rattled the cryptocurrency world.

Trump says US looking at whether Binance hack was by North Korea

Apple Inc reclaimed the title of world’s most valuable company on Friday, taking the mantle from Nvidia Corp as investors seek the perceived safety of the iPhone maker amid concerns about artificial intelligence (AI) spending.

Apple overtakes Nvidia to become world’s most valuable company

China’s factory activity shrank in October, underscoring the challenges facing policymakers as they seek to sustain an economic recovery to ensure this year’s growth target is met.

China factory activity drops back into decline as growth wobbles

Amazon.com Inc&nbsp;has set up supplier financing arrangements to borrow as much as US$80 billion (RM325&nbsp;billion) against the value of hardware it buys, the company’s latest move to preserve financial flexibility as it spends hundreds of billions on artificial intelligence (AI) infrastructure.

Amazon taps US$80 bil supplier loan facility to help fund AI

From the early 1980s until the COVID-19 pandemic hit in 2020, the world economy enjoyed unusually good conditions. The Cold War ended, defense budgets shrank, and hundreds of millions of workers joined the global market. Energy and metals were mostly cheap, and supply chains stretched across bord...

The New Global Economy: The End of Abundance

Barisan Nasional (BN) supports the signing of a confidence and supply agreement (CSA) between the government, Parti Pribumi Bersatu Malaysia, and several independent members of Parliament, and has proposed extending the agreement to other parties from both the government and opposition blocs.

BN supports confidence and supply agreement, proposes extending pact to other parties

The 16th Melaka State Election officially begins on Saturday, with the nomination process taking place simultaneously at 28 nomination centres across the state from 9am.

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