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June 20, 2018 1:41 PM Malaysia's inflation rate in May rises at fastest pace in four months

PETALING JAYA: Malaysia's consumer price index (CPI) increased 1.8% in May 2018 – the fastest pace in four months – to 121.1 compared with 119.0 in the corresponding month of the preceding year due to a strong recovery in transport prices. According to the Department of Statistics, among the major groups which recorded increases were transport (+3.8%); food & non-alcoholic 6

June 20, 2018 1:12 PM MAA: Car sales down 15% in May from a year ago

PETALING JAYA: Vehicle sales contracted 15% to 42,983 units in May against 50,594 units in the same month last year, according to the Malaysian Automotive Association (MAA). On a month-on-month basis, the sales were down by 9% or 4,106 units, due to market uncertainty following the announcement of the zero-rated Goods and Services Tax (GST). “Many customers 3

June 19, 2018 2:54 PM Iskandar Waterfront City settles RM32.23m tax bill

PETALING JAYA: Iskandar Waterfront City Bhd (IWCity) has fully settled the RM32.23 million tax bill imposed by the Inland Revenue Board (IRB). IWCity told Bursa Malaysia that its wholly owned subsidiary Tebrau Bay Constructions Sdn Bhd (TBCSB), following the full settlement of the taxes claimed, today received the sealed court order dated May 20, 2018 that the writ and the Malaysian 5

June 19, 2018 1:11 PM Guan Eng defends decision to publicise financial scandals

PETALING JAYA: Finance Minister Lim Guan Eng defended himself against criticism from PKR de facto leader Datuk Seri Anwar Ibrahim today by saying that his publicising of all the previous administration's financial scandals was carried out on the instruction of Prime Minister Tun Dr Mahathir Mohamad, and were not borne out of his own action. Lim was responding 5

June 19, 2018 11:26 AM Investigate any price hike in Sabah: Mohd Shafie

TAWAU: The state government wants the relevant authorities and the body that monitors prices of goods in Sabah to investigate if there is still a hike in the price of of goods in the state despite implementation of the 0% goods and services tax (GST). Sabah Chief Minister Datuk Seri Mohd Shafie Apdal said the check was necessary to address the problem 4

June 19, 2018 9:15 AM Pensioner loses RM288k in Macau Scam

JOHOR BARU: A government pensioner lost about RM288,000 after being duped by a Macau Scam syndicate in May. Batu Pahat District Police chief ACP Abdul Wahib Musa said the 62-year-old man lost his money when he made payment transactions to four accounts belonging to the syndicate, purportedly for bail and legal fees. "The victim, a retired medical assistant 7

June 16, 2018 9:06 AM Thai king granted full ownership of crown billions

BANGKOK: Thailand's king has been granted full ownership of the palace's multi-billion dollar assets under a law passed last year, according to a rare "explanatory note" published by the financial arm of the powerful but secretive monarchy. King Maha Vajiralongkorn inherited one of the world's great fortunes when he ascended the Thai throne following 5

June 15, 2018 11:35 PM Ronaldo toasts new career mark after hat-trick against Spain

SOCHI: Cristiano Ronaldo expressed his delight at setting another record in his remarkable career as his hat-trick against Spain on Friday allowed him to become just the fourth player to score in four World Cups. "I am very happy, it's a nice personal record to have, one more in my career," said the Portugal captain, whose goals secured a 3-3 draw for the European 6

June 13, 2018 1:58 PM Kedahans told to settle quit rent arrears: Mukhriz

ALOR STAR: The state government is appealing to residents in Kedah to settle their quit rent arrears to enable more revenue to be collected for the better management of the state's finance. Kedah Mentri Besar Datuk Seri Mukhriz Tun Dr Mahathir said when too much arrears had accumulated, it would affect the state's income and the revenue could not be used for the people 7

June 5, 2018 4:33 AM Court rejects arrest of Korean Air 'nut rage' matriarch

SEOUL: A Seoul court has turned down a request from prosecutors to arrest the matriarch of the troubled Korean Air dynasty over multiple assault charges, sparking public anger. Lee Myung-hee, the wife of Korean Air chairman Cho Yang-ho, was released from police custody late Monday after the Seoul Central District Court refused to issue an arrest warrant 12