Latest news with #RM7
The Star
a day ago
- Science
- The Star
Don't Miss It: 2026 Taiwan Fellowship
> Malaysian scholars, namely, professors, associate professors, senior lecturers, lecturers, PhD candidates and research fellows, are invited to apply for the 2026 Taiwan Fellowship. > The aim of the fellowship is to award foreign experts and scholars specialised in social sciences and humanities related to Taiwan to conduct advanced research at universities or academic institutions in Taiwan. > Topics of research should be related to Taiwan, cross-strait relations, mainland China, the Asia Pacific, and Sinology. > The duration of the fellowship is between three months and a year, depending on the research proposal. > The fellowship covers a monthly stipend from NT$50,000 to NT$60,000 (approximately from RM7,072 to RM8,487), one direct round-trip economy-class air ticket between Malaysia and Taiwan, and accident insurance coverage. > Applicants are requested to first complete online application on the website ( before sending hard copy of the documentation by post to the Taipei Economic and Cultural office in Malaysia (Address: Level 7, Menara Yayasan Tun Razak, 200, Jalan Bukit Bintang, 55100 Kuala Lumpur). Details: (website); twfellowship@ / mys@ (email); or (03) 2161-4439 (call).
Sinar Daily
a day ago
- Business
- Sinar Daily
Delay use of commercial LPG, burdens small traders
Rosol also stressed that any subsidy restructuring must be carried out cautiously, with clear communication and appropriate support incentives. The government is urged to postpone the mandatory use of 14-kilogramme commercial LPG cylinders for small traders. Inset: Rosol – Stock photo KUALA LUMPUR – The government has been urged to postpone the mandatory implementation of the use of 14-kilogramme commercial liquefied petroleum gas (LPG) cylinders for small traders, which took effect on May 1. Hulu Terengganu Member of Parliament Datuk Rosol Wahid said the move not only caused operational costs to surge by up to threefold but also put pressure on small traders already struggling to stay afloat. 'Many food business owners have complained to me that they previously spent around RM2,600 a month on gas, but now they are forced to bear costs reaching RM7,000 after being directed to use commercial LPG,' he said in a statement on Thursday. The former Domestic Trade and Consumer Affairs (KPDN) deputy minister said the situation worsened as many traders became targets of Op Gasak over the past three weeks, with some fined and their gas cylinders confiscated by the authorities. 'I sympathise with the plight of small traders who are not only burdened by the high cost of living but are now facing pressure from a hastily implemented policy by the Madani government,' he said. Rosol also stressed that any subsidy restructuring must be carried out cautiously, with clear communication and appropriate support incentives. 'The chain reaction from this cost increase will ultimately be borne by consumers. Don't be unjust to the people,' he added. Therefore, he urged the government to postpone the implementation until a targeted aid plan and suitable support measures are introduced for small traders. 'At the very least, the government must have a dedicated plan to ease the cost burden so that end users do not have to bear the sudden impact,' he said.
The Sun
2 days ago
- Business
- The Sun
MACC seizes RM85.6m over alleged highway sukuk fund misuse
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has seized and frozen assets and bank accounts worth an estimated RM85.6 million as part of an ongoing investigation into the alleged misuse of sukuk funds linked to a Klang Valley highway project. The probe centres on a concessionaire with the honorific title Tan Sri, suspected of diverting project financing for personal use. MACC Chief Commissioner Tan Sri Azam Baki said the seizures include 14 individual bank accounts totalling RM4.5 million and eight company accounts amounting to RM33 million. Also confiscated were luxury vehicles (RM7.65 million), designer handbags (RM3 million), jewellery (RM6 million), high-end watches (estimated at RM7 million) and properties valued at RM24.5 million. 'We believe hundreds of millions in sukuk funds were channelled to the contractor's company, owned by the Tan Sri, and later misused for personal interests rather than the intended highway project,' Azam said when contacted. The funds were allegedly transferred to multiple entities, including proxy companies and the personal account of the Tan Sri's wife, and used to acquire assets such as real estate, luxury vehicles and goods and to fund gambling activities. Azam added that the money may also have been used to finance local and overseas property purchases and investments, which were concealed through layered transactions designed to obscure their origin. As of now, investigators have not yet recorded a statement from the Tan Sri due to his current hospitalisation. 'We are reviewing the acquisition trail of these assets and obtaining relevant bank documents, including those tied to the suspect, to support our analysis,' he said. To date, 45 individuals have had their statements recorded, with another 30 to 50 witnesses expected to be called in. Family members of the Tan Sri may also be summoned. Earlier media reports noted that MACC had seized various luxury items, including handbags, jewellery, watches, vehicles, cash, and high-end residences, worth around RM32 million, believed to be linked to the same individual. During a Thursday operation, officers also discovered a storage room stocked with luxury alcoholic beverages valued at about RM3 million, suspected to be tied to money laundering activities. All assets were seized under the MACC Act 2009 and the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLA) 2001 for further investigation.
The Sun
2 days ago
- Business
- The Sun
MACC seizes RM85.6m in assets over alleged highway sukuk fund misuse
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has seized and frozen assets and bank accounts worth an estimated RM85.6 million as part of an ongoing investigation into the alleged misuse of sukuk funds linked to a Klang Valley highway project. The probe centres on a concessionaire with the honorific title Tan Sri, suspected of diverting project financing for personal use. MACC Chief Commissioner Tan Sri Azam Baki said the seizures include 14 individual bank accounts totalling RM4.5 million and eight company accounts amounting to RM33 million. Also confiscated were luxury vehicles (RM7.65 million), designer handbags (RM3 million), jewellery (RM6 million), high-end watches (estimated at RM7 million) and properties valued at RM24.5 million. 'We believe hundreds of millions in sukuk funds were channelled to the contractor's company, owned by the Tan Sri, and later misused for personal interests rather than the intended highway project,' Azam said when contacted. The funds were allegedly transferred to multiple entities, including proxy companies and the personal account of the Tan Sri's wife, and used to acquire assets such as real estate, luxury vehicles and goods and to fund gambling activities. Azam added that the money may also have been used to finance local and overseas property purchases and investments, which were concealed through layered transactions designed to obscure their origin. As of now, investigators have not yet recorded a statement from the Tan Sri due to his current hospitalisation. 'We are reviewing the acquisition trail of these assets and obtaining relevant bank documents, including those tied to the suspect, to support our analysis,' he said. To date, 45 individuals have had their statements recorded, with another 30 to 50 witnesses expected to be called in. Family members of the Tan Sri may also be summoned. Earlier media reports noted that MACC had seized various luxury items, including handbags, jewellery, watches, vehicles, cash, and high-end residences, worth around RM32 million, believed to be linked to the same individual. During a Thursday operation, officers also discovered a storage room stocked with luxury alcoholic beverages valued at about RM3 million, suspected to be tied to money laundering activities. All assets were seized under the MACC Act 2009 and the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLA) 2001 for further investigation.
Yahoo
2 days ago
- Business
- Yahoo
MACC seizes six luxury homes worth RM12m, thoroughbred horse in sukuk funds scandal involving ‘Tan Sri'
KUALA LUMPUR, May 31 – The Malaysian Anti-Corruption Commission (MACC) has seized six luxury homes and a plot of land belonging to a 'Tan Sri' as part of a probe into the alleged misappropriation of sukuk funds meant for highway construction in the Klang Valley. The Star reported citing a source saying properties, estimated to be worth around RM12 million, were confiscated following a raid conducted by the MACC's investigation division. 'During the raid, the MACC also discovered a thoroughbred horse worth hundreds of thousands of ringgit, believed to have been purchased using sukuk funds,' the MACC said in a statement yesterday. 'As a result, the MACC has summoned the individual involved along with his wife for questioning, but only the woman appeared, as her husband reportedly has health issues." MACC added that it planned to call between 30 and 50 witnesses to assist with the investigation. Efforts are ongoing to trace the couple's assets both locally and abroad. Earlier this week, the MACC seized luxury assets worth RM32 million during raids on two residences belonging to the Tan Sri in the capital. MACC investigators confiscated nine high-end vehicles including Bentley, Mercedes-Benz, and Range Rover models valued at nearly RM7 million. The operation also uncovered 217 luxury watches worth RM5 million, 27 designer handbags valued over RM1 million, and jewellery estimated at RM4 million. A hidden storage area containing luxury alcoholic beverages worth RM3 million was also found, believed to be linked to money laundering activities. MACC further seized a RM12 million luxury condominium, with all items now being investigated under the MACC Act 2009 and AMLA 2001. The probe, which began on May 9, follows earlier arrests of four individuals accused of submitting false claims worth RM360 million for a highway project between 2016 and 2017, with over RM36 million in assets seized so far.
