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Focus Malaysia
2 days ago
- Politics
- Focus Malaysia
Ramasamy defends Bersatu, takes a jibe at Puad Zarkashi's fear of UMNO losing grounds among Malays
UMNO supreme council member Datuk Dr Puad Zarkashi may soon earn the image of a politician who cannot differentiate between outright lies and facts. In his recent Facebook posting, he ridiculed Bersatu for calling a meeting of political parties not aligned with the government in an attempt to forge a united opposition front against the Madani government. He not only mocked Bersatu for inviting leaders of what he termed 'mosquito' political parties but also questioned the participation of Urimai's chairman Prof Ramasamy Palanisami, a former DAP member and former Penang deputy chief minister II, and P. Waytha Moorthy, the president of MAP (Malaysian Advancement Party) and a former HINDRAF (Hindu Action Front) leader. In his usual characteristic UMNO fashion, Puad falsely claimed that PAS did not participate in the gathering because the party opposed these Indian-based political parties due to their support for ICERD (International Convention on the Elimination of all forms of Racism) – an issue PAS has historically rejected. The Johor state assembly speaker fails miserably to realise that Urimai is not yet a registered political party and was only formed two years ago. Come November 2025, Urimai – or the United Rights of the Malaysian Party – will mark its two-year anniversary. Urimai was refused registration likely due to its vocal stance as part of the opposition front. As for MAP's supposed support of ICERD, this is a matter best clarified by its president Waytha Moorthy. Fear of UMNO losing ground Puad may be a gung-ho UMNO leader but he conveniently ignores his own party's questionable alliance with DAP – a party once considered UMNO's sworn political enemy. The allure of political power and positions has pushed leaders like Puad to overlook past hostilities, embracing instead what is now a marriage of convenience with DAP. Rather than commenting on PAS's absence from Bersatu's recent meeting, wouldn't it be wiser for Puad to justify UMNO's alliance with DAP – a partnership still widely opposed by the party's Malay grassroots? If PAS is truly against Urimai and MAP, then why did the party previously participate in the 'Secretariat for the Defence of the Judiciary' alongside leaders Ramasamy and Waytha Moorthy? Puad's sudden interest in Bersatu's united front initiative signals a growing fear that UMNO is steadily losing ground among the Malays. UMNO's obsession with the royal addendum enabling house arrest for incarcerated former premier Datuk Seri Najib Razak only reflects the party's internal dilemma. Puad, acting as UMNO's unofficial loudspeaker, is merely trying to project political relevance amid rising discontent with the party among Malay voters. The house arrest arrangement for Najib may provide UMNO with temporary leverage but it does little to resolve its credibility crisis. In the meantime, Puad would do well to refrain from relying on lies and half-truths in his attempts to re-establish UMNO's political standing. – July 22, 2025 Former DAP stalwart and Penang chief minister II Prof Ramasamy Palanisamy is chairman of the United Rights of Malaysian Party (Urimai) interim council. The views expressed are solely of the author and do not necessarily reflect those of Focus Malaysia. Main image credit: Malay Mail
India Today
6 days ago
- Business
- India Today
No double standards: India slams EU sanctions targeting Gujarat refinery
India on Friday strongly criticised the European Union's latest sanctions package against Russia, which includes measures targeting an Indian-based Rosneft-linked oil refinery in Gujarat. The Ministry of External Affairs (MEA) rejected the EU's unilateral move, reaffirming that India does not recognise sanctions imposed outside the United Nations EU's 14th sanctions package, aimed at further restricting Russia's revenues amid its war in Ukraine, includes tighter banking rules, measures on shadow fleet shipping, a lower oil price cap, and, for the first time, sanctions affecting infrastructure located in India. advertisementSpecifically, the sanctions target Nayara Energy's 20-million-tonne-per-year refinery in Gujarat's Vadinar, where Russian energy firm Rosneft holds a 49.13 per cent stake. 'We have noted the latest sanctions announced by the European Union. India does not subscribe to any unilateral sanction measures. We are a responsible actor and remain fully committed to our legal obligations,' said MEA Spokesperson Randhir Jaiswal in a 'unilateral sanctions' by the EU could block Nayara from exporting refined products such as diesel and petrol to European nations. Responding to this, India underscored its right to energy access and reiterated its long-standing position on energy sovereignty.'The Government of India considers the provision of energy security a responsibility of paramount importance to meet the basic needs of its citizens. We would stress that there should be no double standards, especially when it comes to energy trade,' Jaiswal EU sanctions also lower the crude oil price cap, currently at USD 60 per barrel, which may unintentionally allow India, the world's second-largest buyer of Russian oil, to access Russian crude at even lower prices.- EndsMust Watch
Time of India
13-06-2025
- Automotive
- Time of India
Sona BLW shares fall 8% intraday as Chairman's demise, Israel-Iran tensions dent sentiments
Shares of Sona BLW Precision Forgings fell over 8% on Friday on the intraday basis dragged by an ill-fated demise of company's Chairman and Non-Executive Director Sunjay Kapur on Thursday. The overall weak market sentiments on the back of growing tensions between Israel and Iran added to the woes. "With profound sadness, we announce the passing of our esteemed Chairman and Non-Executive Director, Mr. Sunjay Kapur on June 12, 2025, in England, United Kingdom," the filing said. "We assure our customers, business partners, employees, and shareholders that our operations and prospects remain unchanged as we honor his legacy. We are committed to upholding his legacy by advancing our mission and the values he instilled in Sona Comstar," the filing said further. Fresh geopolitical tensions which flared on Friday also caused significant damage to the market mood as Israel launched attacks against military and nuclear sites in Iran, which left key military commanders and nuclear scientists dead while stoking fears of a full-blown war in the region. Asian markets including India fell sharply. India's headline index Nifty fell by over 400 points or 1.6% to hit the day's low of 24,473 while the BSE Sensex plunged by over 1,300 points to touch the bottom of 80,354.59/. The selling pressure was seen across sectors with banks, auto and energy stocks getting most severely punished. While the auto stocks made some recovery, the Nifty Auto index fell 500 points or 2% in the day's trade with 14 stocks out of 15, trading in the red. Sona Comstar, formerly known as Sona BLW Precision Forgings, is a leading Indian-based automotive technology company specialising in the design, manufacturing, and supply of automotive systems and components. They produce parts for both traditional and electric vehicles, including differential assemblies, gears, starter motors, and EV traction motors. The company reported its highest-ever quarterly net profit, despite a year-on-year decline in revenue for the fourth quarter. In Q4 FY25, the company recorded a net profit of ₹164 crore, reflecting a 10% YoY increase. Revenue for the quarter stood at Rs 868 crore, marking a 2% decline.
Economic Times
13-06-2025
- Automotive
- Economic Times
Sona BLW shares fall 8% intraday as Chairman's demise, Israel-Iran tensions dent sentiments
Shares of Sona BLW Precision Forgings fell over 8% on Friday on the intraday basis dragged by an ill-fated demise of company's Chairman and Non-Executive Director Sunjay Kapur on Thursday. The overall weak market sentiments on the back of growing tensions between Israel and Iran added to the woes. ADVERTISEMENT "With profound sadness, we announce the passing of our esteemed Chairman and Non-Executive Director, Mr. Sunjay Kapur on June 12, 2025, in England, United Kingdom," the filing said. "We assure our customers, business partners, employees, and shareholders that our operations and prospects remain unchanged as we honor his legacy. We are committed to upholding his legacy by advancing our mission and the values he instilled in Sona Comstar," the filing said further. Fresh geopolitical tensions which flared on Friday also caused significant damage to the market mood as Israel launched attacks against military and nuclear sites in Iran, which left key military commanders and nuclear scientists dead while stoking fears of a full-blown war in the markets including India fell sharply. India's headline index Nifty fell by over 400 points or 1.6% to hit the day's low of 24,473 while the BSE Sensex plunged by over 1,300 points to touch the bottom of 80,354.59/.The selling pressure was seen across sectors with banks, auto and energy stocks getting most severely punished. ADVERTISEMENT While the auto stocks made some recovery, the Nifty Auto index fell 500 points or 2% in the day's trade with 14 stocks out of 15, trading in the red. Sona Comstar, formerly known as Sona BLW Precision Forgings, is a leading Indian-based automotive technology company specialising in the design, manufacturing, and supply of automotive systems and components. They produce parts for both traditional and electric vehicles, including differential assemblies, gears, starter motors, and EV traction motors. ADVERTISEMENT The company reported its highest-ever quarterly net profit, despite a year-on-year decline in revenue for the fourth quarter. In Q4 FY25, the company recorded a net profit of ₹164 crore, reflecting a 10% YoY increase. Revenue for the quarter stood at Rs 868 crore, marking a 2% decline. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Malaysiakini
12-06-2025
- Politics
- Malaysiakini
MIC must democratise itself from within
COMMENT | If uniting Indian-based parties under a single umbrella is the first step in reviving MIC, the next crucial phase must involve a deeper reinvention of its core purpose and strategies. Political unification without structural and cultural renewal will only reproduce old patterns. MIC must now become a party that not only seeks electoral success but actively drives community empowerment, protects cultural heritage, and develops long-term solutions to systemic inequality. One of MIC's most pressing internal challenges is...
