KUALA LUMPUR: The ringgit ended lower against the US dollar today on weak demand for the local currency due to concerns over the bleak global economic outlook. At 6 pm, the local note fell to 4.6720/6765 against the greenback from Tuesday’s close of 4.6615/6655. Bank Muamalat Malaysia Bhd chief economist …

KUALA NERUS: The National Registration Department (NRD) found that there are around 8,000 cases of lost identity cards (MyKad) nationwide annually since about five years ago. Its director-general Zamri Misman said although this number only represented four per cent of the 200,000 MyKad applications each year, the situation was still …

KUALA LUMPUR: Putrajaya must be brave and reintroduce the Goods and Services Tax (GST), says Datuk Seri Dr Wee Ka Siong. “We cannot delay a taxation system that will benefit us in the long run. We have the same opinion as other chambers of commerce, that we should bring back …

KUALA LUMPUR: HSS Engineers Bhd has signed a heads of agreement (HOA) to establish a new entity with ProPick Digital Solutions & Consulting Sdn Bhd, a drone services provider. In a statement, HSS said its subsidiary HSS Technologies Sdn Bhd would hold 70% in the newly-formed company HSS–ProPick Technologies Sdn …

KUALA LUMPUR: “Apai”, aka General Tan Sri Affendi Buang, has officially called it a day to his military career, following decades of service to the Air Force and Armed Forces. In his stead, outgoing Army Chief General Tan Sri Mohammad Ab Rahman has officially been promoted to the country’s 22th …

(Reuters) – Silicon Valley-based artificial intelligence chip startup d-Matrix has raised $110 million from investors that include Microsoft Corp at a time when many chip companies are struggling to raise cash. Nvidia’s dominant position in the AI chip market due to a powerful combination of hardware and software has scared …

LONDON (Reuters) – King Charles has trodden a cautious but successful path in his first year on the British throne, friends and royal watchers say, but rifts within his family still hang over his reign. Charles, 74, succeeded his mother Queen Elizabeth when she died a year ago this Friday …

MUAR: Nik Mohamad Abduh Nik Abdul Aziz denies claims that he has been snubbed by his own party, PAS. The son of the late PAS spiritual leader Tan Sri Nik Abdul Aziz Nik Mat said he was merely taking a break from politics. “It was not that I was snubbed …

KUALA LUMPUR: Eco World Development Group Bhd (EcoWorld Malaysia) has proposed to acquire 403.78 acres of land located in Kulai, Johor for RM211.065mil cash. In a filing with Bursa Malaysia, EcoWorld Malaysia said it entered into a conditional sale and purchase agreement with IOI Prima Property Sdn Bhd for the …

BANGKOK (Reuters) – Thailand’s new government plans to give each citizen a 10,000 baht ($282) handout, delay debt payments and lower energy prices in a bid to ease the cost of living and boost the economy, according to a draft of a policy speech Prime Minister Srettha Thavisin is due …