Latest news with #YBR
Arab News
24-07-2025
- Arab News
Indonesia arrests and sentences foreign nationals in separate cases of drug smuggling
DENPASAR: Indonesian authorities said they recently arrested a Brazilian man and a South African woman accused of smuggling cocaine, while a court sentenced two groups of foreigners to prison on drug charges. The sentences were considered lenient as Indonesia typically hands out severe punishments for drug smuggling, including the death penalty. A 25-year-old Brazilian man, identified by the initials YB, was arrested July 13 shortly after arriving from Dubai and charged with carrying 3,086 grams (6.8 pounds) of cocaine in his suitcase and backpack at Bali's Ngurah Rai international airport, said Made Sinar Subawa, head of the Eradication Division at Bali's Narcotic Agency. The same day, customs officers seized 990 grams (2.1 pounds) of cocaine they say was being carried in the underwear of a 32-year-old South African woman, identified as LN, Subawa said. In Denpasar District Court on Thursday, judges sentenced a group of three British nationals to one year in jail for drug offenses after a charge that could carry the death penalty was dropped. Jonathan Christopher Collyer, 28, and his partner Lisa Ellen Stocker, 29, were arrested Feb. 1 after customs officers found 993 grams (2.2 pounds) of cocaine worth an estimated 6 billion rupiah ($368,000). The drugs were hidden among sachets of powdered dessert mix. Two days later, authorities arrested Phineas Ambrose Float, 31, after a delivery of the drugs arranged by police. During their June trial, defense lawyers argued their clients were unaware the food given to them in England contained cocaine. The three-judge panel handed down one-year prison terms for each defendant minus time served, making them eligible for release in seven months. Separately, an Argentine woman was sentenced to seven years and a British man received a five-year sentence with a fine of 1 billion rupiah ($61,380) on charges of smuggling cocaine to Bali. Eleonora Gracia, 46, was arrested in March at Bali's airport with 244 grams (0.5 pounds) of cocaine. Authorities alleged she handed over the cocaine to Elliot James Shaw, 50, during a police sting operation at a Bali hotel. About 530 people are on death row in Indonesia, mostly for drug-related crimes, including 96 foreigners, according to Ministry of Immigration and Corrections data. Indonesia's last executions of a citizen and three foreigners were carried out in July 2016. The country has upheld a moratorium on execution since 2017. President Prabowo Subianto has moved to repatriate several high-profile foreign inmates, all sentenced to death or life in prison for drug offenses, back to their home countries since he took office in October. A British woman, Lindsay Sandiford, now 69, has been on death row in Indonesia for more than a decade. She was arrested in 2012 with 3.8 kilograms (8.4 pounds) of cocaine in her luggage. Serge Atlaoui, an ailing Frenchman, returned to France in February after Jakarta and Paris agreed to repatriate him on 'humanitarian grounds.' Indonesia took Mary Jane Veloso off death row and returned her to the Philippines in December. In the same month, the government sent to Australia the five remaining members of a drug ring known as the 'Bali Nine.'
Malaysiakini
03-07-2025
- Business
- Malaysiakini
Former CEO sues Bank Rakyat and foundation, claims over RM36m
The dismissal of Syaiful Rizal Abdul Ghani as chief executive officer (CEO) of Yayasan Bank Rakyat (YBR) two months ago did not end there. The case has since been brought to court with a claim for damages of over RM36 million. In a suit filed at the Kuala Lumpur High Court on June 5,...
Malaysiakini
03-07-2025
- Business
- Malaysiakini
Former CEO sues Bank Rakyat and foundation, claims over RM36m
The dismissal of Syaiful Rizal Abdul Ghani as chief executive officer (CEO) of Yayasan Bank Rakyat (YBR) two months ago did not end there. The case has since been brought to court with a claim for damages of over RM36 million. In a suit filed at the Kuala Lumpur High Court on June 5,...
Daily Express
27-06-2025
- Business
- Daily Express
Seize Malaysian Cooperative Entrepreneurship University study awards offer
Published on: Friday, June 27, 2025 Published on: Fri, Jun 27, 2025 Text Size: Felix said UKKM is not merely a higher education institution, but also a center for human capital development that shapes a new generation of entrepreneurs and cooperative leaders. - Pic (right) for illustration only. Kota Kinabalu: Young people, particularly in Sabah, are encouraged to seize opportunities to obtain scholarships in the fields of entrepreneurship and cooperatives. The Deputy Chairman of the Malaysian Cooperative Entrepreneurship University (UKKM), Felix Joseph, said students in Sabah should seek accurate information to ensure they do not miss the golden opportunity to further their studies through the offers provided by UKKM. He said UKKM not only provides a higher education platform based on cooperatives and entrepreneurship, but also works closely with funding agencies such as Yayasan Bank Rakyat (YBR). 'YBR is currently offering scholarships to eligible students, particularly in fields that align with the nation's economic development aspirations. 'In addition, students from Sabah are also encouraged to apply for the Sabah State Government Scholarship, which consistently provides opportunities for local youths,' he said. Felix said UKKM is not merely a higher education institution, but also a center for human capital development that shapes a new generation of entrepreneurs and cooperative leaders. 'We offer training programs, professional certification, and access to a nationwide cooperative network. 'This is also to ensure that students not only graduate, but are also able to be self-reliant and contribute to the development of the local economy,' he stressed. According to him, young people in Sabah should not underestimate their own abilities. Instead, they need to take proactive steps to make the most of the opportunities provided. He said this is especially important in the new economic landscape that emphasizes youth involvement in entrepreneurship and social innovation. Students from Sabah, especially those interested in entrepreneurship and cooperatives, are urged to apply immediately. 'This is not only an opportunity to pursue education free of charge but also a chance to build a career and network within a strong cooperative economic ecosystem,' he said. For more information about the programs and scholarships offered, the public may visit the official UKKM website or contact the university administration for application advisory services.
The Star
21-06-2025
- Business
- The Star
Ramanan fetes 311 top SPM students from Sungai Buloh
KUALA LUMPUR: The Sungai Buloh parliamentary constituency, in collaboration with Yayasan Bank Rakyat (YBR), celebrates 311 students who achieved outstanding results in the 2024 Sijil Pelajaran Malaysia (SPM) examination on Saturday (June 21). Its MP, Datuk Seri R. Ramanan, said the initiative, which involves an allocation of RM143,200, aims to recognise the students' achievements and encourage them to strive for further success. "Today, a total of 311 students with excellent results benefited from YBR's corporate social responsibility programme. This is not a new initiative, but part of an ongoing effort. "In the past, nearly RM500,000 has been channelled to the Sungai Buloh parliamentary constituency service centre through various programmes, including 'Back to School'. We plan to continue these efforts in the coming years," the Deputy Entrepreneur Development and Cooperatives Minister told reporters here. The students were from 11 schools across Sungai Buloh. Ten of them scored 11As, 17 scored 10As, 83 scored 9As, 82 scored 8As, and 119 obtained 7As. – Bernama
