Latest news with #Malaysian

Food delivery rider gets year's jail, one stroke for mobile phone loan fraud

The Star

26 minutes ago

The Star

Food delivery rider gets year's jail, one stroke for mobile phone loan fraud

KUALA LUMPUR: The Magistrate's Court on Friday (June 20) sentenced a food delivery rider to one year's jail and ordered him to be given one stroke of the cane after he pleaded guilty to abetting in defrauding a woman over a loan application for a mobile phone, four months ago. Magistrate Illi Marisqa Khalizan ordered Salman Abdullah, 31, to start serving his sentence from Friday. Salman admitted to abetting a 32-year-old woman in deceiving a credit assessment officer into approving a loan application worth RM8,329 to obtain a mobile phone from a mobile phone distribution company by submitting a fake salary slip from a non-existent company and using a forged Malaysian identity card at a shopping mall on Feb 1. Deputy public prosecutor Syafika Azwa Fikri asked the court to impose a deterrent sentence, but counsel Edwin Tomas pleaded for leniency, saying that his client has no fixed income and has to support four young children. – Bernama

Malaysia to repatriate citizens from Iran amid conflict

The Sun

26 minutes ago

Politics
The Sun

Malaysia to repatriate citizens from Iran amid conflict

KUALA LUMPUR: The Foreign Ministry is finalising its efforts to repatriate Malaysian citizens and their family members from Iran amid the ongoing Israel-Iran conflict. The ministry, in a Facebook post, said those who have agreed to join the repatriation process are expected to leave Tehran on Friday. The ministry is also working in close coordination with relevant missions to ensure a quick, smooth and safe journey for all involved. On Wednesday, Communications Minister and MADANI government spokesperson Datuk Fahmi Fadzil said Malaysia would evacuate its citizens from Iran on Friday in light of the heightened security risks following an escalation of conflict between Israel and Iran.

Barnama

32 minutes ago

Barnama

Food Delivery Rider Gets Year's Jail, One Stroke For Mobile Phone Loan Fraud

KUALA LUMPUR, June 20 (Bernama) -- The Magistrate's Court today sentenced a food delivery rider to one year's jail and ordered him to be given one stroke of the cane after he pleaded guilty to abetting in defrauding a woman over a loan application for a mobile phone, four months ago. Magistrate Illi Marisqa Khalizan ordered Salman Abdullah, 31, to start serving his sentence from today. Salman admitted to abetting a 32-year-old woman in deceiving a credit assessment officer into approving a loan application worth RM8,329 to obtain a mobile phone from a mobile phone distribution company by submitting a fake salary slip from a non-existent company and using a forged Malaysian identity card at a shopping mall on Feb 1.

Rakuten Trade lowers FBM KLCI 2025 target to 1,630 amid earnings downgrade

The Star

35 minutes ago

Business
The Star

Rakuten Trade lowers FBM KLCI 2025 target to 1,630 amid earnings downgrade

Bursa Malaysia building in Bukit Kewangan, KL on October 29.—AZMAN GHANI/The Star KUALA LUMPUR: Rakuten Trade Sdn Bhd has revised its year-end target for the FTSE Bursa Malaysia KLCI (FBM KLCI) to 1,630 from its earlier projection of 1,730, in line with the recent downgrades in corporate earnings, said its head of research Kenny Yee Shen Pin. He noted that foreign investors have yet to return to Malaysian equities, despite attractive valuations across Southeast Asian markets, further weighing on the overall market sentiment. "In view of the short-term stance among foreign funds, coupled with recent earnings downgrades, we have lowered our 2025 target for the FBM KLCI to the 1,630 level, based on a 16.0 times price-to-earnings ratio (PER) for the calendar year 2025 ' he said during a webinar today. He noted that at present, the FBM KLCI is trading at a PER of between 12 and 13 times, which remains below both its historical average and valuations of regional peers. He described foreign fund flows as "disappointing' after recording net outflows of RM4 billion in 2024, with the situation deteriorating further this year with net foreign outflows reaching RM11.2 billion so far. "This level (of foreign outflows) is quite perplexing, especially since Malaysia is quite steady both fundamentally and politically, yet we are seeing a diminishing foreign interest in the local market,' he said. He added that non-US-based funds are expected to gradually reduce their exposure to the US markets and shift their focus back to Asia, which could support a rebound in foreign fund inflows in the near term. Notwithstanding the massive foreign outflows, Yee highlighted that foreign shareholding in the local bourse surprising remains decent at 19.44 per cent as of June 2025. "We can only deduce that long-term foreign investors may be returning, while the majority of those who exited were short-term participants. For now, the Hong Kong market will still be their primary destination,' he said. Meanwhile, Yee projected that the US dollar will continue to weaken against the basket of major currencies, with the ringgit likely to strengthen to the 4.10-4.20 range by year-end, supported by the US recessionary concerns that could trigger interest rate cuts. "As many of you know, the US Dollar Index (DXY) has already dropped by 10 per cent year-to-date against major currencies. Hence, moving forward, many expect the dollar index to continue to weaken further --along the way, we may see the ringgit performing better against the US dollar,' he added. On domestic policy, Yee proposed that the government take a measured approach to the rationalisation of RON95 fuel subsidies, especially in light of ongoing geopolitical tensions in the Middle East. "We may see only a partial rationalisation of RON95, depending on how high or how much crude oil prices go,' he suggested. As of this morning, the ringgit traded higher at 4.2490/2700 against the US dollar, while the FBM KLCI climbed 0.22 per cent to 1,504.79 at lunch break. - Bernama

[Watch] Woman Goes Ballistic On Garbage Collectors When Truck Stops In Front Of Her House

Rakyat Post

36 minutes ago

Rakyat Post

[Watch] Woman Goes Ballistic On Garbage Collectors When Truck Stops In Front Of Her House

Subscribe to our FREE A Malaysian woman armed herself with a wooden stick and went full berserker mode on sanitation workers whose only crime was parking their truck outside her house to collect trash. The TikTok video, posted by @Shaharizalrizalabdullah, shows the woman screaming at workers just trying to do their job. The workers had temporarily parked their truck there to efficiently walk house-to-house collecting garbage around the residential area. Despite the workers' attempts to explain their situation and duties, the woman doubled down, yelling at them to get lost immediately. Even after the truck started moving away, she followed them down the street, still wielding her wooden stick like some deranged neighbourhood vigilante. gila itu banyak jenis dan kategori….. memang gila ahhhh The Comment Section Had Thoughts The internet wasn't having it. 'It's normal for trucks to stop in front of houses. Only you're being dramatic, auntie,' one user fired back. Another suggested that workers should skip her house entirely: 'After this, no need to collect garbage in front of her house anymore.' The most savage comment? 'So if they don't stop, will your garbage fly into the truck by itself?' READ MORE : Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.