Prime Minister Datuk Seri Anwar Ibrahim has agreed in principle to the recommendation by Umno to establish the Gig Economy Commission Malaysia (SEGiM), said Deputy Prime Minister and Umno president Datuk Seri Dr Ahmad Zahid Hamidi.

Zahid: PM has agreed in principle to set up Gig Economy Commission Malaysia

Prime Minister Datuk Seri Anwar Ibrahim has reminded Malaysians not to be duped into believing the narrative of racial sentiments being played up by failed leaders who question every form of government assistance for non-Malays.

Anwar: Don't be duped by racial sentiments raised by failed leaders

Commencement address by His Royal Highness Sultan of Perak Sultan Nazrin Muizzuddin Shah at the Asia School of Business graduation ceremony for the MBA class of 2023.

Date: Saturday, June 10, 2023; time: 10.30am; venue: Asia School of Business, Kuala Lumpur.

Commencement address by Sultan Nazrin at the Asia School of Business graduation ceremony for the MBA class of 2023

China should play a key role in shaping the artificial intelligence (AI) guardrails needed to ensure the safety of transformative new systems, OpenAI Inc chief executive officer Sam Altman said.

OpenAI’s CEO calls on China to help shape AI safety guidelines

The government will consider the "five seasons in two years" paddy cultivation initiative as one of the efforts to improve the country’s agro-food ecosystem.

The matter was decided in the Cabinet Committee on the National Food Security Policy (JKSMN) meeting No 1/2023 chaired by Prime Minister Datuk Seri Anwar Ibrahim on Friday (June 9).

Govt to consider 'five seasons in two years' paddy cultivation initiative — PMO

Cautious market sentiment is expected to influence the ringgit’s movement versus the US dollar next week, with external factors remain as the main culprit.

Bank Muamalat Malaysia Bhd chief economist and social finance head Mohd Afzanizam Abdul Rashid said investors would be closely monitoring the outcome of the US Federal Open Market Committee (FOMC) meeting, scheduled for next Tuesday (June 13) and Wednesday, which would signal further direction for the greenback.

Cautious sentiment ahead of Fed's FOMC meeting to weigh on ringgit

Bursa Malaysia is expected to see cautious trading next week ahead of an interest rate decision in the US on Wednesday (June 14). 

SPI Asset Management managing director Stephen Innes said local investors would also watch out for China's stimulus measures to help restore investor confidence.

Caution seen on Bursa in coming week ahead of US interest rate decision

After being wrong-footed by a US$1.5 trillion (RM6.92 trillion) rout in Chinese stocks, some of Wall Street’s biggest banks are coming around to a less optimistic consensus. 

Strategists at Goldman Sachs Group Inc, Nomura Holdings Inc and Morgan Stanley have all slashed their MSCI China Index targets over varying periods by at least 11%. Their latest projections suggest that while the gauge may rebound from current levels, it will struggle to reclaim the high seen in January, when the reopening frenzy was at its peak.

China stock bulls hit reset button after US$1.5 trillion rout

The clouds are finally parting for Tesla Inc investors who stuck with the electric-vehicle (EV) maker through a rough ride. A rush of good news for the company and the return of bullish market conviction have put the stock on pace to more than double this year.

Tesla’s record run drives nearly US$200b jump in value

US shares struck new highs for the year on Friday (June 9), and helped lift world stocks to a 13-month peak, as rising bets that the US Federal Reserve (Fed) will skip a rate hike next week overshadowed worries about US markets being drained of cash.

World shares at 13-month peak as Wall St scales 2023 highs

The income tax authority anywhere is typically an unpopular agency to deal with, but Inland Revenue Board (IRB) chief executive officer Datuk Mohd Nizom Sairi is on a quest to change that, and hopes to instil public trust into the statutory body.

IRB takes a soft approach to widen the tax net

Here is a brief recap of some corporate announcements that made the news on Friday (June 9), involving Malaysia Building Society Bhd (MBSB), Power Root Bhd, Cypark Resources Bhd, Pos Malaysia Bhd, Bioalpha Holdings Bhd, Serba Dinamik Holdings Bhd, Kimlun Bhd, Radium Development Bhd and Top Builders Capital Bhd.

MBSB, Power Root, Cypark, Pos Malaysia, Bioalpha, Serba Dinamik, Kimlun, Radium and Top Builders

UBS and the Swiss government agreed on Friday (June 9) how they will share losses linked to the bank's emergency takeover of Credit Suisse, clearing the way for the deal to close within days, and creating a giant Swiss bank and cementing its position as a global wealth manager.

UBS, Swiss govt sign Credit Suisse loss-sharing deal clearing way for deal to close

Retail trading in US stocks is starting to pick up again after months of slowdown, data showed, as the hype around artificial intelligence (AI) and a tamer interest-rate outlook prove hard to resist.

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