Ringgit weaker v dollar in early trade

THE ringgit opened lower against the US dollar today, weighed by a stronger greenback on renewed interest for safe haven currencies, an analyst said. At 9am, the local note stood at 4.4600/4670 versus the greenback from yesterday’s close of 4.4480/4520.

Switzerland indicts PetroSaudi pair over US$1.8 billion 1MDB fraud

TWO PetroSaudi International Ltd officers were indicted in Switzerland over charges they helped to steal US$1.8 billion (RM8 billion) from 1MDB between 2009 and 2011, media reports said. The Swiss Attorney-General’s Office (OAG) said the two had schemed with Malaysian financier Low Taek Jho to set up a joint venture for a fake project in […]

Japan firm fails in bid for historic Moon landing

JAPANESE start-up ispace conceded today its attempt to become the first company to land on the Moon had ended in failure, but pledged to move ahead with new missions. The unmanned Hakuto-R Mission 1 lander had been scheduled to touch down on the Moon’s surface overnight, but about 25 minutes after the landing was to […]

Justice for Thanes

AS a parent of two young children, it wrecked my heart to see the images of a mother carrying the cremation urn of her child, who drowned at a private kindergarten in Ipoh. The unfortunate incident came to light after the mother, D. Neelaveni brought the matter to the press. 

Google, Microsoft top expectations as AI rivalry heats up

GOOGLE parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of US$15 (RM66) billion, the company said yesterday, in a sign that the search engine behemoth is regaining its footing. The tech titan has found itself under pressure due to a general slowdown in advertising spending, over-hiring during […]

S. Africa backtracks on quitting ICC after communication ‘error’

SOUTH Africa is not planning to quit the International Criminal Court (ICC), as earlier suggested by President Cyril Ramaphosa, his office said yesterday, citing a communication error from the ruling African National Congress (ANC) party. Hours earlier, Ramaphosa had said his ANC had decided to withdraw South Africa from the ICC, which last month issued […]