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PM’s decision to forgo salary does not contradict Islamic teachings - PKR JPPA director

PM’s decision to forgo salary does not contradict Islamic teachings - PKR JPPA director

Datuk Seri Anwar Ibrahim made it clear that he is not taking his salary due to the country's economic condition and the heavy debt burden.
Wed Nov 06 2024
Tupperware cancels auction, agrees to lender takeover

Tupperware cancels auction, agrees to lender takeover

Tupperware Brands agreed to sell its business to a group of lenders for $23.5 million in cash and over $63 million in debt relief.
Wed Oct 23 2024
Musk warns of risks of US going bankrupt

Musk warns of risks of US going bankrupt

Elon Musk says the interest on the debt is trending to rapidly absorb all tax revenue, leaving nothing for critical needs.
Tue Oct 22 2024
AWANI Tonight: Tupperware Brands set to file for bankruptcy

AWANI Tonight: Tupperware Brands set to file for bankruptcy

Tupperware Brands is preparing to file for bankruptcy after a year-long effort to revive the business, as it faces mounting debt and a sharp decline in demand for its once iconic plastic containers.
Tue Sep 17 2024
How Harris' and Trump's tax and spending plans affect US debt

How Harris' and Trump's tax and spending plans affect US debt

Budget forecasters are struggling to keep up with the latest tweaks, and new ideas may be voiced in the Harris-Trump debate.
Wed Sep 11 2024
Musk says US going bankrupt ‘extremely quickly’

Musk says US going bankrupt ‘extremely quickly’

The US national debt currently stands at about US$35 trillion, according to the US Treasury Department.
Tue Sep 10 2024
Nuren Group achieves listing status, a milestone under MDV’s Venture Debt Programme

Nuren Group achieves listing status, a milestone under MDV’s Venture Debt Programme

The IPO offering was oversubscribed by AUD 100,000, with total funds raised amounting to AUD 700,000.
Thu Sep 05 2024
Govt committed to reducing debt-to-GDP ratio to 60% within five years - Treasury sec-gen

Govt committed to reducing debt-to-GDP ratio to 60% within five years - Treasury sec-gen

The government is committed to reducing its borrowings within a five-year timeframe to ensure a stronger and sustainable fiscal position.
Tue Jul 23 2024
Ahmad Zahid committed to addressing FELCRA debts, studying PAC's recommendations

Ahmad Zahid committed to addressing FELCRA debts, studying PAC's recommendations

Datuk Seri Dr Ahmad Zahid Hamidi said a committee had been formed to study the recommendations, put forward by PAC to resolve the issue.
Mon Jul 08 2024
Consider This: Are We All Financialised? How Modern Finance Shapes Our World

Consider This: Are We All Financialised? How Modern Finance Shapes Our World

A recent report by Khazanah Research Institute (KRI), ‘The Financialisation of Our Lives: Values and Trade-offs,’ helps to shed light on how financial systems, which were initially designed to fuel economic growth, are now fuelling household debt. With the proliferation of financial schemes like Buy Now Pay Later, how do modern financial practices affect our daily lives and long-term financial health? On this episode of #ConsiderThis Melisa Idris speaks to Dr Suraya Ismail, Director of Research at Khazanah Research Institute, and Shereen Hazirah Hishamudin Senior Research Associate at KRI.
Tue Jul 02 2024
Failed to collect debt, 'Ah Long' threatened neighbours

Failed to collect debt, 'Ah Long' threatened neighbours

The victim said he noticed the fence of the house, his wife's car and his neighbour's car were splashed with red paint.
Thu Jan 25 2024
Budget 2024: Second chance policy on bankruptcy expanded - PM

Budget 2024: Second chance policy on bankruptcy expanded - PM

Datuk Seri Anwar Ibrahim said as of July this year, almost 14,000 cases with small debts of below RM50,000 discharged from bankruptcy.
Fri Oct 13 2023
[COLUMNIST] 'Whoosh' gonna bear the financial cost of the high-speed rail, Jakarta or Beijing?

[COLUMNIST] 'Whoosh' gonna bear the financial cost of the high-speed rail, Jakarta or Beijing?

Weeks ago, a renowned Indonesian economist, Yusuf Wibisono,raised a pertinent question whether Indonesia has fallen into the China debt trap.
Mon Oct 09 2023
Peninsula loan shark engages Sibu gang for debt recovery

Peninsula loan shark engages Sibu gang for debt recovery

Police exposed the operations of unlicensed money lenders who employed a local group to use violent tactics in debt collection.
Wed Sep 27 2023
Pahang collects RM911 mil in revenues as of September - Wan Rosdy

Pahang collects RM911 mil in revenues as of September - Wan Rosdy

Datuk Seri Wan Rosdy Wan Ismail said the state govt has successfully reduced its debt from RM3.3 bln previously to approximately RM930 million.
Thu Sep 21 2023
COP29 climate summit draft proposes rich countries pay $250 billion per year

COP29 climate summit draft proposes rich countries pay $250 billion per year

The draft finance deal criticised by both developed and developing nations.
Fri Nov 22 2024
Bomb squad sent to London's Gatwick Airport after terminal evacuation

Bomb squad sent to London's Gatwick Airport after terminal evacuation

This was following the discovery of a suspected prohibited item in luggage.
Fri Nov 22 2024
Kelantan urges caution amidst northeast monsoon rains

Kelantan urges caution amidst northeast monsoon rains

Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Fri Nov 22 2024
Former New Zealand PM Jacinda Ardern receives UN leadership award

Former New Zealand PM Jacinda Ardern receives UN leadership award

Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
Fri Nov 22 2024
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM

ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM

The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
Fri Nov 22 2024
KTMB provides two additional ETS trains for Christmas, school holidays

KTMB provides two additional ETS trains for Christmas, school holidays

KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
Fri Nov 22 2024
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024

BNM'S international reserves rise to USD118 bil as at Nov 15, 2024

Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Fri Nov 22 2024
Findings by dark energy researchers back Einstein's conception of gravity

Findings by dark energy researchers back Einstein's conception of gravity

The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
Fri Nov 22 2024
NRES responds to Rimbawatch press release on COP29

NRES responds to Rimbawatch press release on COP29

The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Fri Nov 22 2024
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections

Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections

The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Fri Nov 22 2024