Govt rules out debt monetisation to boost revenue
THE government has no intention to use debt monetisation as a financing strategy to increase its revenue, the Finance Ministry (MOF) said.
Find new ways to boost Kota Marudu's coffers, council members urged
KOTA KINABALU: Kota Marudu District Council members have been urged to find new sources and ways to boost the council’s coffers. Read full story
35% of country’s waters re-measured, says deputy minister
KUALA LUMPUR: Some 35% of the 570,000 square kilometres of the country’s waters have been hydrographically re-measured so far, says Deputy Defence Minister Adly Zahari. Read full story
Cops bust 2 drug-smuggling syndicates, nab 7 in Tawau
POLICE busted two drug smuggling syndicates and detained seven men, including two civil servants, at two different locations around Tawau on March 20 and 21. Tawau police chief Jasmin Hussin said police seized syabu worth RM130,000 during the two raids. The seven suspects will be remanded for 14 days to assist in investigations.
China says Japanese national held for espionage
CHINA said today it was detaining a Japanese national on suspicion of espionage, after Tokyo urged Beijing to release one of its citizens. “Relevant Chinese authorities took criminal coercive measures this month against a Japanese citizen, in accordance with the law,” Foreign Ministry spokesman Mao Ning told a regular press briefing.
Cops, firemen foil attempt of drug syndicate members to escape through house roof in Jinjang
KUALA LUMPUR: Firefighters were deployed to assist the police after a group of drug syndicate members fled by running on the roof of a suspect’s home. Read full story
Unscrupulous law enforcement officers targeting foreigners, says MACC
PETALING JAYA: Corruption among law enforcement officers is becoming chronic, says the Malaysian Anti-Corruption Commission (MACC). Read full story
MOE says STPM recognised internationally, ‘no’ to scrapping Form 6
THERE is no need to abolish Form Six and Sijil Tinggi Persekolahan Malaysia (STPM), Education Minister Fadhlina Sidek said. She said Form Six, as well as the STPM examination, offered by the Education Ministry (MOE), is governed by the Education Act 1996 and is assured of its existence and continuation.
First Citizens to acquire collapsed Silicon Valley Bank
US bank First Citizens said today it has agreed to purchase much of Silicon Valley Bank, whose collapse this month sparked global fears about the sector. SVB, a key lender to the tech industry since the 1980s, became the biggest US bank to fail since 2008.
Ringgit ends higher against dollar
THE ringgit ended higher against the US dollar after moving in a tight range today due to muted trading, said an analyst. At 6pm, the local note traded marginally better at 4.4190/4240 versus the greenback compared with last Friday’s closing rate of 4.4250/4305.