Founder of TikTok parent company lost US$17 billion in 2022

ZHANG Yiming, the founder of TikTok parent company ByteDance, saw his personal fortune fall by US$17 billion (RM74.8 billion) last year, according to a new Chinese ranking published today.    The reasons for the losses are unknown, but Zhang is still the second-richest entrepreneur in the world under the age of 40, with wealth valued […]

King, Queen break fast with Penang govt leaders

GEORGE TOWN: The Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah broke fast with state government leaders at Seri Mutiara, the official residence of the Yang di-Pertua Negeri of Penang here. Read full story

Ringgit ends marginally higher against dollar

THE ringgit continued its positive momentum against the US dollar at the close today as the elevated crude oil prices combined with a possible dovish stance by the US Federal Reserve on its monetary policy provided support to the ringgit, said an economist.  At 6pm, the local note rose marginally to 4.3950/4010 versus the US dollar from yesterday’s closing rate of […]

Dealer pleads guilty in death of actor Michael K. Williams

A DRUG dealer pleaded guilty to selling fentanyl-laced heroin to “The Wire” actor Michael K. Williams, leading to his death, a US district attorney said yesterday.   Irvin Cartagena “sold fentanyl-laced heroin in broad daylight in New York City” and “dealt the fatal dose that killed Michael K. Williams”, said Damian Williams in a statement.  

Reduce middlemen’s role to control food prices, says PM

DEPENDENCE on middlemen should be reduced in an effort to control the prices of goods in the country, Prime Minister Anwar Ibrahim said. Met at the Agro Rahmah sales programme at the Precinct 3 Ramadan bazaar in Putrajaya today, he said the prices of goods could also be controlled if middlemen took only reasonable profits.

Senate passes Evidence of Child Witness (Amendment) Bill

DEWAN Negara today passed the Evidence of Child Witness (Amendment) Bill 2023 to provide more extensive protection to the group in the judicial process.  It was approved with more votes in favour after it was tabled for the third reading by Law and Institutional Reform Minister Azalina Othman Said after six senators took part in the debate.