• Household debt at RM1.04t, Parliament told

    KUALA LUMPUR, May 24 — Malaysia’s household debt stands at RM1.04 trillion currently, or 89 per cent of the country’s Gross Domestic Product (GDP), Deputy Finance Minister Datuk Chua Tee Yong said...

    The Malay Mail Online
  • Swiss approve dissolution of scandal-hit bank

    Swiss financial regulators approved Tuesday the dissolution of Lugano-based BSI Bank over its links to a corruption scandal engulfing Malaysia's Prime Minister Najib Razak. Swiss supervisor FINMA accused BSI, a merchant bank, of "serious breaches" of money-laundering regulations in its dealings with the Malaysian sovereign wealth fund 1MDB, which is at the heart of the corruption allegations. In the toughest punitive action yet announced in the affair, FINMA said in a statement it was approving the takeover of the merchant bank by Zurich-based private banking group EFG International on the condition that BSI is integrated "and thereafter dissolved" within 12 months.

    AFP News
  • Bungalow In Cuscaden Road Sold For $145 Million To Stanley Ho's Shun Tak Real Estate

    Last month we reported that a house located in Cuscaden Road in Singapore, which was owned by the...

    GET.com
  • Here’s the real secret to losing weight and staying thin (Hint: You’re not going to like it)

    A study found that metabolism rates slow more than expected years after weight loss.

    MarketWatch q
  • Are Mourinho and United the perfect match?

    By Martyn Herman LONDON (Reuters) - Jose Mourinho and Manchester United should be a match made in heaven as one of football's most charismatic and trophied coaches bids to return England's most prolific title winners back to former glory, but the relationship might be a bumpy one. Twelve years ago the "upstart" Portuguese coach introduced himself to Old Trafford by charging down the touchline to celebrate Porto's late knockout winner in a Champions League tie. Now, after running out of patience with Louis van Gaal, United have turned to Mourinho, who spent the second half of the season kicking his heels for almost the first time in a career spent plundering silverware in Portugal, England, Italy and Spain.

    Reuters
  • Sony says deadly Japan quakes will shake profit, sales

    Sony said on Tuesday that a pair of deadly quakes in Japan last month would dent its financial results, while the company warned that net profit would fall by nearly half, largely due to a year-earlier ...

    AFP
  • 1MDB didn’t need PM’s nod to pay doppelganger firm, ministry says

    KUALA LUMPUR, May 24 ― Datuk Seri Najib Razak’s approval was not needed for US$3.5 billion (RM14.38 billion) in payments from 1Malaysia Development Berhad (1MDB) to British Virgin Islands-based...

    The Malay Mail Online
  • Chinese media slam US lifting of Vietnam arms embargo

    Chinese state media on Tuesday slammed the lifting of a decades-old US arms embargo against Vietnam, saying the move was aimed at Beijing and calling Barack Obama's assurances to the contrary "a very poor lie". Obama announced the end of the 41-year-old ban on weapons sales to the United States' former foe in Hanoi on Monday, as Washington and Beijing jockey for influence in Asia and tensions mount in the strategically important South China Sea. Beijing is taking an increasingly assertive stance in the area, building up artificial islands with facilities capable of military use, while Washington has responded with "freedom of navigation" sail-bys and fly-pasts.

    AFP News
  • PAS leaders rubbish Dr M’s claim party will throw by-elections

    KUALA LUMPUR, May 24 — Tun Dr Mahathir Mohamad’s suggestion that PAS will concede two June 18 by-elections to Barisan Nasional stems from his own brand of “revenge politics”, said the Islamist...

    The Malay Mail Online
  • Penang man to hang for setting wife on fire

    GEORGE TOWN, May 24 ― An unemployed man was sentenced to hang by the Penang High Court today after he was found guilty of intentionally setting his wife on fire and killing her three years ago....

    The Malay Mail Online
  • Review: 'X-Men: Apocalypse' satisfies in superhero summer

    It's a bit of bad timing for "X-Men: Apocalypse" coming third in this summer's superhero lineup.

    Associated Press
  • Putrajaya rolls out part of RM4.6b allocated to Penang

    GEORGE TOWN, May 24 ― About 20 per cent of the RM4.6 billion allocated for Penang under the 11th Malaysia Plan was already implemented under the first rolling plan, revealed Datuk Seri Zainal...

    The Malay Mail Online
  • Clinton: Trump could 'bankrupt America' like his companies

    DETROIT (AP) — Hillary Clinton said Monday that Donald Trump's economic policies would lead to lower wages, fewer jobs and more debt — warning unionized workers that the presumptive Republican presidential nominee could "bankrupt America like he's bankrupted his companies."

    Associated Press
  • Think you are buying local by shopping at the wet market? Think again

    KUALA LUMPUR, May 24 ― Most people shop at their neighbourhood wet market because the vegetables, meat and seafood are… well, fresher. And cheaper. After all, the bulk of the produce is locally...

    The Malay Mail Online
  • Singaporean photographer’s lightning photo electrifies social media

    While many Singaporeans stayed home during the thunderstorm on Sunday night (22 May), a local photographer took the chance to capture what is possibly the most incredible photo of lightning strikes in the country from a vantage point in Sembawang. Architectural photographer Darren Soh, 40, told Yahoo Singapore he has been chasing lightning storms in the island for almost five years.

    Nurul Azliah
  • Forum explores creeping ‘Arabisation’ among Malays

    KUALA LUMPUR, May 23 ― Self-loathing, ignorance and insecurity were among the main reasons for “Arabisation” taking root in Malaysia’s Malay community, pundits told a forum here last night....

    The Malay Mail Online
  • New Condo Stars Of Kovan Sold 60 Units At Lower Than Indicative Prices

    During the VIP pre-sale last weekend for Stars Of Kovan, a newly launched condo in Singapore, 60...

    GET.com
  • Kroos is no longer Germany's shadow man

    By Karolos Grohmann BERLIN (Reuters) - Toni Kroos is used to living in the shadow of other players, be it at his clubs or with the national team, but Euro 2016 looks to be the tournament where the hugely gifted midfielder will finally take centre stage. During his title-rich time at Bayern Munich, Kroos was always overshadowed by the team's alpha males including Bastian Schweinsteiger and Philipp Lahm. More praise was heaped on keeper Manuel Neuer or defender Jerome Boateng than on the unassuming midfielder, whose exact contribution to Bayern's game may not always have been instantly recognisable.

    Reuters
  • Ali Hamsa: No disciplinary action on 16 civil servants because they retired

    PUTRAJAYA, May 24 ― The government did not take disciplinary action against 16 officers who were investigated as a result of the 2014 federal audit as they had retired, Chief Secretary to the...

    The Malay Mail Online
  • California toddler declared brain dead moved to new hospital

    SAN FRANCISCO (AP) — A California toddler whose family waged a court battle to keep him on life support after he was declared brain dead has been transferred to a hospital outside the U.S., the family said.

    Associated Press