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Singapore seizes S$55m Good Class Bungalow and S$1m in bank funds in widening Nvidia chip probe
SINGAPORE, July 1 — Police have seized a Good Class Bungalow (GCB) valued at about S$55 million (RM173 million) and around S$1 million in bank funds as part of an expanding fraud investigation linked to the movement of Nvidia chips
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D-G: Malaysia’s border agency doubles seizure haul to RM140.9m in first five months of 2026
PUTRAJAYA, July 1 — The Malaysian Border Control and Protection Agency (AKPS) has recorded a total seizure value of RM140.863 million for the period from January to May this year, nearly double the RM82.1 million recorded in 2025. Its director-general,
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Popular conveyor-belt sushi chain Sushiro temporarily closes Suria KLCC outlet ‘following guidance’ from health authorities
KUALA LUMPUR, July 1 — Japanese conveyor-belt sushi chain Sushiro has temporarily closed its Suria KLCC outlet from today “following guidance from Malaysian health authorities”, saying it is working to meet official requirements before reopening. In a statement posted on
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Anwar: Ant International’s KL hub to create jobs, boost AI and digital talent
KUALA LUMPUR, July 1 — Ant International’s decision to establish its Global Operations Centre in Kuala Lumpur will help create jobs and strengthen local capabilities, Prime Minister Datuk Seri Anwar Ibrahim said, as Malaysia seeks to position itself as a regional
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China imposes new ‘national security’ rules on overseas investments as tech rivalry with US intensifies
BEIJING, July 1 — China is intensifying its scrutiny of investments overseas with broad “national security” regulations taking effect from today, at a time of rising tech competition with Washington. The new rules, originally announced on June 1, provide authorities
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Binance faces lawsuit from nearly 1,700 UK investors over allegedly unlawful products
MOSCOW, July 1 — Nearly 1,700 British investors have filed a lawsuit against cryptocurrency exchange Binance for offering traders risky financial instruments not approved by United Kingdom (UK) regulators, according to the Financial Times newspaper, reported Sputnik/RIA Novosti. The lawsuit, filed on
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World Bank to end China loans by 2031 as ties shift from lender to ‘knowledge partner’
WASHINGTON, July 1 — The World Bank will phase out its lending to China by 2031, according to the organisation’s new country partnership framework, a source familiar with the matter told AFP yesterday. The source confirmed an earlier report of
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Nasdaq caps strongest quarter since 2020 as AI optimism outweighs inflation fears
NEW YORK, July 1 — The tech-rich Nasdaq capped its best quarter in six years yesterday, rising with other US indices as bullishness over artificial intelligence overcame worries over geopolitics and inflation. The Nasdaq finished yesterday’s session up 1.5 per
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Government to restructure foreign worker management, says Zahid
KUALA LUMPUR, July 1 —The government will restructure foreign worker management in the country to ensure it’s more coordinated, efficient and aligned with industry needs, says Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi. He said this was among
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Malaysia household debt hits RM1.73t as burden eases to 84.4pc of GDP, says Anwar
KUALA LUMPUR, July 1 — Malaysia’s household debt rose to RM1.73 trillion at the end of March, but the country’s debt burden eased slightly relative to the size of the economy while borrowers continued to demonstrate a strong ability to
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