For the past three weeks, the Malaysian authorities have allowed the ringgit to trade below levels that in 1998 prompted them to impose a dollar peg and capital controls. Economists expect more downside, with the Federal Reserve set to raise US interest rates. The ringgit has traded around 3.81 per dollar since July 6, exceeding…
Kuala Lumpur’s $1 Billion Terminal Is Sinking, Airline Says
Kuala Lumpur International Airport’s new budget passenger terminal is sinking, with cracks appearing in the taxiway and water forming pools that planes must drive through. The defects could cause flight delays, increase wear and tear on planes and pose potential safety risks, according to AirAsia Bhd., the new terminal’s biggest user. Though take offs and…
Malays say they join DAP for its struggle, not for power
Far from being mere yes-men as alleged by an Utusan Malaysia columnist recently, the Malays who join DAP do not believe in self-entitlement but instead accept its culture built on merit, a Malay DAP federal lawmaker said. These Malays are also academically accomplished and thick-skinned enough to endure and share the ideals of the party’s…
Calling Hadi a Umno stooge, Kit Siang claims PAS will lose big in next GE
KUALA LUMPUR, July 25 — PAS President Datuk Seri Abdul Hadi Awang will be solely responsible for his party losing big in the next national polls, Lim Kit Siang claimed today. The DAP veteran said Abdul Hadi has allowed himself to be influenced by Umno, causing the opposition to lose votes especially among the non-Malays…
KDN’s three reasons for suspending the Edge
KUALA LUMPUR: The Home Ministry has given the three reasons for suspension of the The Edge Weekly and The Edge Financial Daily for three months from July 27. The two business publications, owned by tycoon Tong Kooi Ong’s Edge Media Group, have carried extensive coverage of the financial problems of the government’s investment company 1Malaysia…
Suspension of The Edge: Has the government run into panic amidst all the 1 MDB related allegations against the Prime Minister and the government?
The Home Ministry ‘s suspension of The Edge Weekly and The Edge Financial Daily for three months beginning July 27 has shocked and angered Malaysians. The fact that CIMB Chairman Datuk Seri Nasir Razak and Air Asia Group CEO Tan Sri Tony Fernandes have condemned the government’s move reflects the shock and anger of the…
The Edge weekly, daily suspended for 3 months from July 27
The Home Ministry has suspended the publishing permit of The Edge Weekly and The Edge Financial Daily for three months from July 27. A letter from the ministry stated that the two publications’ reporting of 1MDB were “prejudicial or likely to be prejudicial to public order, security or likely to alarm public opinion or is likely to be prejudicial to public…
Tony Tan was never my PA. He was only a volunteer assistant in my Service Center
I read Tony Tan’s statement which accused Tony Pua’s wife of stashing RM3million abroad with abhorrence and disgust. I described him as “rascal” in my FB because he was and he is a rascal. I must correct the mistake made by most journalists when they describe him as my former PA. I wish to reiterate…