MOST emerging Southeast Asian currencies and stocks traded higher on Monday, as investors assessed remarks from Federal Reserve Chair Jerome Powell that reaffirmed expectations that the U.S. monetary tightening cycle has come to an end. The Malaysian ringgit and the Philippine peso led the pack, adding 0.4% each, as of …

SEOUL (Reuters) – South Korea on Monday successfully conducted a test flight of a solid-fuel space rocket over the sea near Jeju Island, the defence ministry said, amid a growing space race with neighbouring North Korea. It was the third test of its kind following two others in December and …

KUALA LUMPUR: Eligible Malaysians can redeem the RM100 eMADANI credit from 8am on Monday until 11.59pm on Feb 20 next year. The Finance Ministry, in a post on Facebook, said the public can check their eligibility on the official portal at https://manfaat.mof.gov.my/individu/eMADANI. It said the public can use the RM100 …

HONG KONG: China Evergrande Group on Monday said it has been granted an adjournment of a court hearing into a liquidation petition to Jan. 29, giving the embattled property developer time to finalise a revamped debt restructuring proposal. The decision came as the world’s most indebted developer with more than …

KUCHING: Sarawak is stepping up efforts to prevent teen pregnancies following a baby dumping case involving an underaged girl. State Women, Childhood and Community Wellbeing Development Minister Datuk Seri Fatimah Abdullah said she was concerned by the latest case of a 14-year-old girl abandoning her newborn daughter last week. The …

BENGALURU: For a few weeks this year, villagers in the southwestern Indian state of Karnataka read out dozens of sentences in their native Kannada language into an app as part of a project to build the country’s first AI-based chatbot for Tuberculosis. There are more than 40 million native Kannada …

Five men from New York were indicted on charges of kidnapping and murder after they were accused of luring a delivery driver before abducting him and killing him, federal officials said. On July 19, a group of men used an “Internet-based cellphone application” to order food delivery from a restaurant …

KUALA LUMPUR: Lawyer Tan Sri Muhammad Shafee Abdullah and the Inland Revenue Board (LHDN) are in the process of settling a suit filed by the latter to recover over RM9.41mil in income tax arrears owed by him. Counsel Datuk Seri Rajan Navaratnam, representing Muhammad Shafee, told High Court Judicial Commissioner …

WASHINGTON: By the time Stephanie Deitrick started writing an AI policy for the city of Tempe, Arizona, she worried it was already too late. “It had been on my mind as something that we really need to look at … before we’re hit with something we’re not expecting,” said Deitrick, …

KUALA LUMPUR: Malaysian banks will overcome external headwinds to deliver a resilient operating performance in 2024 with strong domestic economic conditions expected to support borrowers and limit slippages into non-payment, said S&P Global Ratings today. Its credit analyst Nikita Anand said asset quality for Malaysian banks would benefit from the …