World Bank hopes to select new chief by May

THE World Bank said yesterday it hopes to find a successor by early May to chief David Malpass, who has announced he will step down nearly a year early.  The Washington-based development lender begins accepting candidate nominations today, a process that will run until March 29. The bank says women candidates would be “strongly” encouraged. 

Govt doesn’t censor, classify internet content, says Fahmi

THE government does not conduct censorship or classification of content in allowing or disallowing any form of app or platform for internet users, Communications and Digital Minister Fahmi Fadzil said. He said at present, the government does not issue licences to social media platform providers, including instant messaging apps such as WhatsApp, WeChat and MiChat.

S. Korea freezes rates, ending year-long run of hikes

SOUTH Korea’s central bank today froze benchmark interest rates at 3.5% owing to concerns over the slowing economy, ending a year-long run of hikes. The Bank of Korea (BOK) decision comes after the economy shrank in the last three months of 2022 – the first time since the second quarter of 2020 as the pandemic […]

MACC nabs man who said Wan Saiful was offered RM10 million to implicate Muhyiddin

THE Malaysian Anti Corruption Commission (MACC) has arrested a man who accused the agency of offering to pay Bersatu ex-information chief Wan Saiful Wan Jan RM10 million to implicate party president Muhyiddin Yassin in a graft case. MACC chief Azam Baki said the man, Mohamad Shafiq Abdul Halim, was arrested when he went in for […]

Muhyiddin still being probed in Jana Wibawa case, Azam Baki says

THE Malaysian Anti-Corruption Commission (MACC) said it was still investigating former prime minister Muhyiddin Yassin over his role in the Jana Wibawa scheme.  MACC chief commissioner Azam Baki said the anti-graft agency has yet to submit its investigation papers to the attorney-general.