US tech giants remain valuable despite recent layoffs, can invest in promising areas like AI

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Tourist from China allegedly extorted by KL cop urged to come forward

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Opposition leader Hamzah Zainuddin’s son, Muhammad Faisal Hamzah, and another person charged with subsidised cooking oil-related offences

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CNB uses saliva test kits in a first for anti-drug raids at Singapore nightspots

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No, Malaysia will not dump the US Dollar. We are not stupid.

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(1) Malaysia will not dump the US Dollar because of trade reasons.

Why should Malaysia dump the US Dollar? The US is Malaysia’s 3rd largest export market (US$34.37 billion in 2022), and 3rd largest importer (US$18.08 billion). Does it make financial sense to cease using the money of its third largest trading partner?

It does make sense for Malaysia to use the Chinese Yuan for bilateral trade since China is its biggest trading partner.

As for keeping the Yuan as reserve currency, why should Malaysia place itself under the control of China, long known for non transparency in its financial dealings?

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Malaysia: Main partners in trade

https://tradingeconomics.com/malaysia/exports-by-country

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https://tradingeconomics.com/malaysia/imports-by-country

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(2) Malaysia will not dump US Dollars because the USA remains among its largest investors.

Foreign Direct Investment is extremely important to Malaysia:

Who are the biggest investors in Malaysia?

In 2021, United States of America, Singapore, and United Kingdom contributed to the highest net inflows to Malaysia, each amounting to approximately 15.6 billion, 9.0 billion and 4.74 Malaysian ringgit respectively. 5 Oct 2022

China comes a distant 9th, dwarfed by The USA.


Net foreign direct investment (FDI) flows to Malaysia in 2021, by country

https://www.statista.com/statistics/654031/malaysia-net-fdi-flows-by-country/

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This person is talking through her nose but then, she is not exactly a financial analyst, is she?

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Fake Police Scam: You get a call from someone who says he is a police officer…

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It could start like this: A call comes to your hand phone…

Someone I know: Just got a call from handphone number telling me my line was used to spread illegal messages in the Perak region and I need to report in to police HQ within 1 hour, can make it in time???

His response: Since I happen to be 5 minutes away from police HQ in town, told caller I’ll just walk in and report, thanks

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Another version: This happened to me in 2018…

Caller: Someone reported your car being involved in a hit-and-run just now. Can you come down to the station? When I asked which police station, I was told some place in Kuching but I am in Ipoh😂

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What would you do if you got a call?

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Here is an article that could help.

Malaysiakini

‘Police’ calling you? Grill the caller, says CCID deputy director

Ali Imran Mohd Noordin & Bernama

Published:  Nov 26, 2018 12:01 PM ⋅Updated: 1:19 PM

If you receive a call from someone purportedly calling from a police station, don’t panic or be afraid.

This is the message Federal Police Commercial Crime Investigation Department deputy director (cybercrime and multimedia investigations) SAC Ahmad Noordin Ismail would like to convey to the public.

In fact, the call recipient has every right to ask the caller to reveal his full name, the police station where he is based, identification number and the name and details of his superior officer.

Grilling the caller can save the person on the other end of the line from being duped by syndicates that specialise in “telecommunication fraud“, which is also known as the Macau scam. The scammers’ signature modus operandi is posing as police, Customs, Bank Negara or Inland Revenue Board officers.

Instilling fear into victims

The callers have also been known to identify themselves as representatives of the court or private financial institutions and they usually make their victims feel fearful by telling them they have “a problem with the authorities” or an outstanding summons or tax issue related to goods imported by them or bank loan repayments that are overdue.

“Our people are so gullible. When the caller says he is from a police station, they believe him instantly,” Ahmad Noordin commented during RTM’s Bicara Khas programme aired in mid-October.

Overcome with fear, the victim will usually resort to taking a shortcut to resolve the problem he or she is supposed to be mired in. This is when the syndicate seizes the opportunity to fleece the victim, who may be instructed to deposit a certain sum of money into an account.

Things can get worse if the syndicate succeeds in extracting the victim’s personal and financial details, to the extent of taking control of the victim’s bank account.

Spoofing – pretending to be an authority figure

One of the reasons many people fall victim to these fraudulent calls is the fact that they can see the caller’s identification on the phone screen, which displays the telephone number of the police station, bank or other organisations the caller is purportedly calling from. Hence, at a glance, the identity of the caller seems genuine.
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“If the caller claims he is from the police, you don’t have to entertain them. Just tell them that you are heading to the nearest police station to sort out the problem,” he said, adding that the police have never instructed that summons or other payments be settled via automated teller machines or by depositing the money into an account.
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Verify all callers

Zulkarnain also said that in line with the practice of tabayyun, that is, checking and verifying news and information before accepting it as true, people should also check the authenticity of the calls they receive.

How do they go about verifying a call? According to Zulkarnain, to go on the offensive and protect themselves, all they have to do is approach the nearest police station or branch of the bank with which they have dealings.

“Do you have the phone number of the nearest police station in the area where you live? Do you have the phone number of the branch of the bank where you have opened an account? Not many people keep these contact numbers but they come in handy when you want to verify a suspicious call,” he added.

– Bernama

https://m.malaysiakini.com/news/453423

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Ipoh: At 3.30 am one day, residents of Taman Klebang Putra 1 marched with chants of “bangun sahur” and the sound of tambourines to the park!

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Residents of Taman Klebang Putra 1 in Ipoh marched with chants of “bangung sahur” while being accompanied by the beating of tambourines and salawat in bringing the village tradition to the park to surprise the Muslims in the residential area to pray sahur at about 3.30 this morning.

The village tradition of beating the sahur tambourine was brought to the housing estate.

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What’s behind the South China Sea dispute? | Start Here

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A dark and Stormy night for Trump: Arrested and charged, and released

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Former President Donald Trump was charged by a New York grand jury with 34 felony counts of falsifying business records in an indictment unsealed Tuesday, with prosecutors detailing an alleged years-long scheme to use “hush money” payments to suppress damaging information before the 2016 election.

In a historic, highly choreographed appearance that followed strict security protocols, Trump pleaded not guilty to the charges at a hearing in a lower Manhattan courtroom, becoming the first former president to face criminal prosecution. He has denied all wrongdoing and said District Attorney Alvin Bragg, a Democrat, is motivated by politics in bringing the case. 

In a 16-page indictment and accompanying statement of facts, prosecutors said Trump “orchestrated a scheme with others to influence the 2016 presidential election by identifying and purchasing negative information about him to suppress its publication and benefit the Defendant’s electoral prospects.”

They said the scheme involved three payments made by Trump allies to conceal damaging stories: $30,000 to a former Trump Tower doorman who said Trump had fathered a child out of wedlock; $150,000 to a former Playboy model who said she had an affair with Trump; and $130,000 to adult film star Stormy Daniels, who also alleged an affair. Trump has denied having affairs with both women, and the company that paid the former doorman determined his story was false.

Michael Cohen, Trump’s former attorney and “fixer,” made the payment to Daniels in the days before the 2016 election. Prosecutors said Trump illegally disguised his reimbursement to Cohen by classifying them as legal fees.

“The payment records, kept and maintained by the Trump Organization, were false New York business records. In truth, there was no retainer agreement, and Lawyer A was not being paid for legal services rendered in 2017,” the statement of facts said, referring to Cohen. “The Defendant caused his entities’ business records to be falsified to disguise his and others’ criminal conduct.”

Falsifying business records is typically a misdemeanor under New York law, but can be charged as a felony if done with an “intent to defraud [that] includes an intent to commit another crime or to aid or conceal the commission thereof.” Prosecutors said Trump’s conduct was intended to violate election laws. 

At the end of the hearing, the former president was released and soon boarded a flight home to Florida, where he is set to deliver remarks to supporters at his Mar-a-Lago resort on Tuesday evening. 

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Updated 21m ago

Trump addresses supporters at Mar-a-Lago

Former President Donald Trump turned remarks after his arraignment on criminal charges in Manhattan into a campaign-style speech, suggesting the charges against him are the latest move by his critics to stop him from becoming the 47th president of the United States. 

“I never thought anything like this could happen in America,” Trump told an engaged crowd of supporters at his Florida club, Mar-a-Lago. “Never thought it could happen. The only crime that I’ve committed is to fearlessly defend our nation from those who seek to destroy it.”

As Trump prepared to speak Tuesday evening, the ballroom filled up with club members, invited supporters, among them Trump’s staunchest allies: Kari Lake, MyPillow CEO Mike Lindell, Rep. Matt Gaetz, Trump’s son, Donald Trump Jr., Kimberly Guilfoyle and Trump’s daughter Tiffany Trump.

There were about 375 chairs set up for the former president’s remarks, with Trump speaking from a podium with a Trump sign flanked by teleprompter panes. 

Read more here.

https://www.cbsnews.com/live-updates/trump-pleads-not-guilty-34-counts-indictment-arraignment-manhattan-court/

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https://twitter.com/nytimes/status/1643334609562640384?s=20

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LIVE: Former US President Donald Trump expected to arrive in NY court for arraignment

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