Ringgit breaches 4.6 resistance level against greenback

THE ringgit extended its downtrend against the US dollar this morning, breaching the 4.6 level as the greenback continues to strengthen on expectation of an interest rate hike in the United States. At 9am, the local note traded at 4.6090/6130 against the greenback compared with yesterday’s close of 4.5920/5950. – Bernama, May 25, 2023.

Target pulls some gay pride items, citing threats to employees

BIG-BOX retailer Target said yesterday it removed products to commemorate gay pride month, citing threats to employees in the wake of criticism by social conservatives. The giant US chain, a smaller rival to Walmart, noted it has showcased rainbow-coloured items and other fare celebrating Pride for more than a decade.

Tycoon denies being investigated by MACC

BUSINESSMAN Halim Saad has denied being investigated by the Malaysian Anti-Corruption Commission (MACC) for allegedly embezzling RM2.3 billion on the purchase of a listed company’s shares by a Malaysian conglomerate 26 years ago. Halim, a former Renong executive chairman, said reports about him being investigated were untrue and he was not called by the anti-graft […]

NIISe set to replace outdated MyIMMs system, says Saifuddin

KUALA LUMPUR: The billion ringgit National Integrated Immigration System (NIISe) project is set to replace the Malaysian Immigration System (MyIMMs) that has become outdated and no longer capable of meeting future immigration needs, says Datuk Seri Saifuddin Nasution Ismail. Read full story

Morant ‘fine’ after Instagram post sparks concern

MEMPHIS Grizzlies star Ja Morant’s cryptic Instagram posts prompted a welfare check by police in Tennessee, who found the NBA All-Star to be “fine,” the Memphis Commercial Appeal reported yesterday. “Shelby County Sheriff’s Office deputies checked on Ja Morant at his residence this morning and he is fine,” a spokesman for the sheriff’s office told […]

‘Embarrassment’ after Bolivian lawmakers brawl in parliament

BOLIVIAN leaders issued condemnations yesterday after rival lawmakers came to blows on the floor of parliament during a debate over the fate of a jailed governor described as a political prisoner by the opposition. Chamber of Deputies leader Jerges Mercado, for his part, said the brawl, which happened Tuesday, was “regrettable” and “an embarrassment.”