Latest news with #UtusanMalaysia
Focus Malaysia
5 hours ago
- Business
- Focus Malaysia
FBM KLCI closes at intra-day high for second session as investors regain risk appetite
BURSA Malaysia finished at its intra-day high for the second straight session on Thursday, driven by global optimism and homegrown fiscal sweeteners that led investors to be back on the front foot in the local market. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 10.53 points, or 0.69 per cent, to close at an intra-day high of 1,540.32, compared to Wednesday's close of 1,529.79. The index opened 1.26 points higher at 1,531.05 and moved between 1,529.71 and 1,540.32 throughout the trading session. Gainers led losers in the broader market 502 to 474, while 496 counters were unchanged and 1,044 untraded, with seven suspended. Turnover, however, slipped to 2.97 billion shares worth RM2.3 bil from 3.27 billion shares worth RM2.26 bil on Wednesday. ‒ July 24, 2025 Main image: Utusan Malaysia
The Star
3 days ago
- Entertainment
- The Star
Disabled widow sings to support her two kids
SHE lost both legs but widow N. Megala remains determined to earn an income to support her two children, Utusan Malaysia reported. Megala, 44, lost her right leg after an accident in 2022. A year later, her other leg was amputated due to complications from diabetes. These days, she sings at events to pay for medical bills and the school expenses of her daughters aged 12 and 16. Both girls are also diabetic. 'I would memorise as many songs as possible including those in Malay. 'I try to promote myself on TikTok so that others could see my talent and invite me for performances.' Megala, whose husband died 12 years ago, used to be a tailor but couldn't continue with the job with her condition. As her husband's monthly pension of RM1,200 is insufficient, Megala, who lives in Ipoh, must earn additional income to support her family. > Actor Hariz Hamdan is remorseful for uploading a video clip which showed actress Nelydia Senrose clutching his arm during a cable car ride in Langkawi, Kosmo! reported. He said he had wanted to share the video among friends and also to promote his new drama. 'I'm sorry if the video caused uneasiness. It wasn't my intention to cause a controversy,' said Hariz, 23. Netizens pointed out that Nelydia, 30, is a married woman. Hariz explained that the physical contact was unintentional and a spontaneous act as Nelydia was panicking during the ride. Hariz said he merely tried to calm her down. > A radio presenter will spend about RM500,000 to build a madrasah on ancestral land in Negri Sembilan to fulfil his mother's dream, Harian Metro reported. Nabil Ahmad, 42, said his 77-year-old mother has been undergoing kidney dialysis for eight years and wanted a madrasah to be built for orphans, he said. 'I hope construction of the madrasah will proceed smoothly and that it will be operational by next year,' he added. The above article is compiled from the vernacular newspapers (Bahasa Malaysia, Chinese and Tamil dailies). As such, stories are grouped according to the respective language/medium. Where a paragraph begins with this ' >'sign, it denotes a separate news item.
Malaysian Reserve
3 days ago
- Business
- Malaysian Reserve
Frozen inheritance assets in Malaysia surpass RM90b
UNCLAIMED or frozen inheritance assets in Malaysia have exceeded RM90 billion, despite ongoing fiscal reforms and economic recovery efforts. This reflects serious gaps in estate planning and inheritance management, with stagnant wealth preventing asset circulation, disrupting family investments and widening the economic divide across generations. Shariah lawyer Nurul Ai Li Baharuddin told Utusan Malaysia that the unclaimed assets consist of land, savings, shares and residential properties while many of which remain tied up for years due to unresolved claims. She said a significant number of these cases involve Muslim families, where heirs often delay or avoid initiating the legal process due to family disputes, lack of documentation and uncertainty around procedures. 'Delayed distribution of inheritance directly affects family welfare. Heirs are unable to live in, sell or leverage the assets for education, investment or business,' she said. In low-income households, the situation is more pressing, with rightful beneficiaries sometimes forced to rent or vacate homes owned by deceased family members due to administrative obstacles. The lack of awareness and planning through legal instruments such as wills or 'hibah' further contributes to the growing volume of unclaimed assets, especially when individuals die without formal inheritance documentation. Citing data from the Department of Shariah Judiciary Malaysia, Nurul Ai Li said over 70,000 unresolved cases related to Islamic inheritance have been recorded in Shariah courts nationwide over the past decade. These include cases involving 'faraid' distribution, small estate claims, and delayed execution of wills or hibah, often hindered by manpower shortages in the courts, high caseloads and heirs failing to attend proceedings. She noted that many heirs mistakenly assume that being named as a nominee gives them full ownership, when in fact nominees are responsible for managing and distributing the estate according to 'faraid' or mutual agreement. To address these challenges, Nurul Ai Li proposed a series of legal and administrative reforms, including the integration of jurisdictions across the Small Estate Office, civil courts and Shariah courts, an expanded role for AmanahRaya Bhd and the adoption of digital platforms such as e-Pusaka to streamline the inheritance claim process. — TMR
New Straits Times
6 days ago
- Business
- New Straits Times
Op Metal: MACC freezes RM332.5mil in assets, bank accounts tied to syndicate
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has seized and frozen assets and bank accounts amounting to RM332.5 million in connection with a scrap metal smuggling syndicate operating in five states. The seizures were made following raids conducted on Monday as part of investigations into the export of scrap metal using false declarations to avoid tax, Utusan Malaysia reported, citing sources. The amount includes assets and accounts belonging to individuals and companies linked to the syndicate, which is believed to have defrauded the government of over RM950 million in export duties over the past six years. A prominent businessman with a "Datuk Seri" title is among those under investigation and is expected to return to the MACC headquarters this Monday for further questioning. "The individual's statement was recorded yesterday after returning from overseas, but he was not arrested," a source was quoted as saying. The businessman is suspected of declaring scrap metal exports as other metal-based machinery and items, which are not subject to the 15 per cent export duty imposed by the government. The syndicate's operations came to light after the MACC's Special Operations Division launched Op Metal, a coordinated raid involving the Customs Department, Inland Revenue Board, and Bank Negara Malaysia. Assets seized include three bungalows, a penthouse, shop lots, plots of land, an oil palm plantation, luxury vehicles, and high-end watches, all estimated to be worth over RM183 million. In addition, authorities froze 45 corporate accounts and 82 individual bank accounts valued at approximately RM51 million. MACC chief commissioner Tan Sri Azam Baki previously confirmed the seizures, which included real estate, luxury cars, and watches. The ongoing investigation is focused on offences under Sections 16 (bribery) and 18 (false claims) of the MACC Act 2009. Authorities are also looking into potential money laundering activities, supported by investigations under the Income Tax Act 1967 and the Customs Act 1967.
Malay Mail
17-07-2025
- Malay Mail
Swaddled six-month-old baby reportedly dies at Melaka childcare centre, suspected suffocation
MELAKA, July 17 — A six-month-old baby boy reportedly died at a childcare centre in Padang Temu yesterday, believed to have suffocated after being found face down on a mattress while swaddled. According to Utusan Malaysia, the incident allegedly took place around 5pm, when a caregiver checked on the baby about an hour after putting him to sleep and found him unresponsive with a bluish face. Citing an anonymous source, the report stated that the baby was rushed to Klinik Utama Ujong Pasir, where medical staff performed CPR for 30 minutes before referring him to Hospital Melaka. The baby received further emergency treatment at the hospital's red zone but was later confirmed dead. A police report was lodged, and there were reportedly no signs of criminal elements found on the body. The case is reportedly being investigated under Section 31(1)(a) of the Child Act 2001.
