City Kuala Lumpur Financial News

National Geographic in its documentary 'Drain The Oceans' has tried to unravel the mystery over the sudden disappearance and ultimate crash of MH370 flight over the Indian Ocean in March 2014. The Kuala Lumpur-Bejing flight went missing after it lost contact with radar control. Soon after the take-off, MH370 gave a radio transmission from the cockpit as it said goodbye to Malaysian air traffic controllers. It said, «Goodnight, Malaysian Three Seven Zero.» It proved to be a chilling and final message.

KUALA LUMPUR (Reuters) — Malaysia's economy grew 3.3% in the third quarter from a year earlier, above expectations and recovering from two-year lows in the previous quarter, as strong private consumption offset weak exports, the government and central bank said on Friday.

Ramsay Health Care and Malaysian conglomerate Sime Darby have agreed to sell their hospital unit to Columbia Asia Healthcare for 5.7 billion ringgit ($1.9 billion), according to a stock exchange filing.

India and Malaysia are firming up a framework for conducting trade in national currencies and initiating a process to review the 12-year-old comprehensive economic cooperation agreement to include new domains and items, Malaysian Foreign Minister Zambry Abdul Kadir said. At the end of a three-day visit to India, Kadir told PTI that both sides are keen to expand trade engagement in new and emerging areas such as electronics, semiconductors, fintech, renewable energy, new technology and startups.

KUALA LUMPUR (Reuters) -Malaysia's communications minister warned on Thursday he could take firm action if social media firms TikTok and Meta are blocking pro-Palestinian content on their platforms.

KUALA LUMPUR (Reuters) — Short video app TikTok is committed to taking proactive measures to address issues raised by Malaysia, a spokesperson said, after its government said the application was not fully compliant with local laws.

KUALA LUMPUR (Reuters) — A Malaysian government task force said on Thursday it viewed Goldman Sachs' filing of arbitration proceedings as premature, after the firm sued Malaysia in a British court this week amid an escalating dispute over a 2020 settlement deal.

KUALA LUMPUR (Reuters) — Short video app TikTok's compliance with Malaysian laws is unsatisfactory, the country's communications minister Fahmi Fadzil said on Thursday.

India's suspension of visa processing will hinder face-to-face connection. Speaking to PTI, Vice-President International, University of Toronto, Professor Joseph Wong said, “We know that many members of the University of Toronto community are watching relations between the governments of Canada and India with concern." “The situation is evolving rapidly, causing uncertainty and stress, and we do not yet have answers to many of the pressing questions it raises," Prof Joseph said, adding that the varsity is proud to be home to more than 2,400 international students from India.

Canadian diplomatic staff in the country to a level on par with the number of Indian diplomats in Canada. Canadian Prime Minister Justin Trudeau had sparked a diplomatic crisis last month after claiming that there were ‘credible allegations’ linking Indian government agents to the June murder.

By Jonathan Stempel

Chinese betting app scam, Gujarat police are now chasing a Malaysian individual known as 'Big Boss' in another scam that is said to be worth Rs 33 crore. As per a report in The Times of India, cops are hunting for the Malaysian 'Big Boss, whose real name is Tan Chee Keat, or Kenny, along with four compatriots. The scam surfaced after it was found that a substantial sum amounting to Rs 33 crore had traversed from numerous bank accounts in two districts of Saurashtra to Kuala Lumpur. Cops are currently investigating to ascertain the number of people who were enticed by the accused with promises of substantial returns on bets placed through these fraudulent apps. On August 12, the Gujarat Anti-Terrorist Squad (ATS) received information that an NRI (non-resident Indian) residing in Malaysia, Rohit Vadher, along with a Malaysian national, Chua Ming Ho, alias Robin, and a resident of Sutrapada in Gir Somnath, Mahek Chhag, were engaged in cheating individuals through betting and gambling apps while also allegedly establishing counterfeit bank accounts. Utilising informers and technical surveillance, the ATS successfully identified Chagg and eight individuals from Veraval and Rajkot who were collaborating with Vadher and the five Malaysians in their illicit activities.

By Rishav Chatterjee

By Luc Cohen

KUALA LUMPUR (Reuters) — Malaysia will create a «special financial zone» in embattled Chinese developer Country Garden's $100 billion project in the Southeast Asian nation and offer incentives to attract investments, Prime Minister Anwar Ibrahim said.

Prannoy HS had to settle for a bronze medal as he registered a loss to Kunlavut Vitidsarn in the semifinals of the ongoing Badminton World Federation (BWF) World Championships on Saturday. Prannoy went down to world number three and three-time Junior champion Vitidsarn by 21-18, 13-21, 14-21. Prannoy and Vitidsarn were neck-to-neck in the first game, but the Indian won the first game easily. Vitidsarn staged a comeback in the second game. Prannoy fought hard but lost the game by 13-21, setting up an exciting decider. In the decider, Prannoy was trailing right from the start.

AP citing the police, Arif became disruptive and claimed to have explosives on board. He was charged with making a false statement about a threat to damage an aircraft and failing to comply with the cabin crew’s safety instructions, said the report. If proven guilty, Arif may have to serve upto 10 years in jail and pay a fine of more than 15,000 Australian dollars ($7,300).

Macquarie-managed The Infrastructure Fund has ordered a strategic review of its 7.19 per cent stake in Perth Airport as it looks to take profits after the airport returned to pre-pandemic passenger volumes in February.

(Corrects spelling of 'conservative' in paragraph 8)

Matty Healy's recent protest during a concert in Malaysia has sparked significant responses from LGBT activists and allies in the nation. Critics have labeled the act as «performative activism», expressing concerns that it could exacerbate the difficulties faced by the LGBT community in Malaysia. Homosexuality remains criminalized in the country, with potential penalties of up to 20 years in prison. During the music festival in Kuala Lumpur last Friday, the lead singer of the indie-rock band «The 1975», Matty Healy, took the stage and launched into a profanity-laden tirade against Malaysia's anti-LGBT laws. In an act of protest, he also kissed his male bandmate. Throughout the performance, Healy appeared to be under the influence of alcohol and reportedly vandalized a drone owned by the concert organizers. Attendees even claimed that he spat on some fans. His defiant behavior continued as he swaggered across the stage and insulted the Malaysian government. The band's set was eventually shut down shortly after the incident. However well-intentioned, locals argue that his actions have disrupted an already delicate political environment for LGBT Malaysians, leading to further harm and damage. «The 1975» cancelled a concert in Indonesia Sunday, after Malaysia axed a festival over a same-sex kiss and tirade against the country's anti-LGBTQ laws by their frontman. Indonesia's LGBTQ laws are less strict than those in neighbouring countries such as Malaysia, where homosexuality is a crime. But several events have been cancelled in recent years.

This is important because the British government has said that stepping in to host the commonwealth games is ‘slightly ahead of time’. Which Commonwealth nation has come forward? New Zealand and another Australian state have said that they are not ready to host the multisports event. The Caribbean islands of Trinidad and Tobago are hosting the Commonwealth Youth Games from August 4 to August 11. More than one thousand athletes between the age of 14 and 18 are expected to participate in the youth games. As they have the infrastructure ready and have invested a lot, they may be ready to host the event, but the Caribbean islands are yet to make an offer. London Mayor Sadiq Khan has shown interest in hosting the match considering the fact that GBP 500 is less than what it may cost in other countries to host such a massive event. He has said that London ‘stands ready’ to host the games, but he added that it is up to the government to submit the bid. But the government wants Australia to take the responsibility.Indian Olympic General Secretary Rajiv Mehta has said that India is interested in holding the 2026 Commonwealth Games. The Malaysian state of Selangor has also shown interest in hosting the games. The Malaysian city of Kuala Lumpur hosted the event in 1998. Sri Lanka was preparing in November 2020 to offer to host the 2026 Commonwealth Games in Hambantota. Similarly, the Canadian city of Victoria too has said that it can host the games. Canada hosted the Commonwealth Games in 1994.