Daily Archives: 2018-07-03

New heads of Malaysian GLCs should not expect big salaries, says Dr Mahathir

Under the new Pakatan Harapan government, those who have been appointed to spearhead Malaysian government linked-companies (GLCs) should no longer expect to receive big salaries. Speaking to Malaysian media at the end of his two-day visit to Jakarta on an ASEAN tour on 30 June, Malaysian Prime Minister, Tun Dr Mahathir Mohamad said that while their salaries will not be …

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Fines imposed by LTA might affect funds available to return customers’ deposits, said oBike chairman

Any fines imposed by Singapore's Land Transport Authority (LTA) on oBike should the latter still fail to remove its bicycles from the streets by the stipulated Jul 4 deadline might affect the funds available to oBike for the purpose of returning customers’ deposits, said oBikes's founding investor and chairman, Shi Yi. The 29-year-old told Channel NewsAsia via an email correspondence that the company is hoping …

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Action will be taken against employers who misclassify employees as executives to avoid paying overtime, MOM declares

The Ministry of Manpower (MOM) has made a declaration against employers who misclassify employees as executives or managers in order to avoid paying them for overtime work. In a statement made by Then Yee Thoong, Divisional Director of the Labour Relations and Workplaces Division under the Ministry of Manpower, he stated that an employee is entitled to being paid for …

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SMRT Trains reports after-tax loss of S$86 million for FY2018, citing higher operating expenses and drop in ridership and fares

In an annual operations review report on Sunday (1 July), SMRT Trains announced an after-tax loss of S$86 million for the 2018 financial year ending 31 March due to higher maintenance expenses and said that the loss follows an after-tax profit of S$26 million for the previous financial year. SMRT Trains, which operates and maintains the North-South and East-West Lines, the Circle Line …

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Former Malaysian PM Najib Razak arrested by MACC in his home today

    (Updated as of 5.37 p.m., SGT) KUALA LUMPUR, Jul 3 — Former Prime Minister of Malaysia, Datuk Seri Najib Razak has been arrested today. Officials from the Malaysian Anti-Corruption Commission (MACC) have confirmed the arrest was made at Najib's house on Jalan Langgak Duta in the capital city today at 2.35pm. He is expected to be brought to …

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Malaysia and Singapore may have more in common than we think

by Augustine Low Reading an old article by Marina Mahathir, the outspoken daughter of the Malaysian Prime Minister, it struck me that the kinds of things she wrote about her country could just as well apply to Singapore. The article, headlined “You walk the talk first” recommended changes the government needed to adopt to “share the burden” with the people. …

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Anwar Ibrahim has to prove himself through his words and actions

by Stephen Chang Anwar Ibrahim may be a changed man for the better. However, he has to prove himself through his words and actions.  Anwar’s recent criticism of Lim Guan Eng's revelation of corruption within the heart of the previous government, and some of his statements and activities following his release are not good omens. We must watch Anwar with …

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Return stolen 1MDB funds from frozen accounts or face legal action, warns MACC chief

KUALA LUMPUR, 3 July — Chief of the Malaysian Anti-Corruption Commission (MACC), Mohd Shukri Abdull warned beneficiaries of the stolen state funds from 1Malaysia Development Berhad (1MDB) to either voluntarily return the sums that are currently frozen in their accounts to the MACC, or to face legal action instead.  Shukri, who is also a member of the 1MDB investigative taskforce, …

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Singaporean fined for trying to evade GST after underdeclaring cost of goods

A Singaporean male was fined for trying to evade Goods and Services Tax (GST) after under-declaring the value of the goods he was carrying at the Woodlands Checkpoint earlier on 28 June 2018. In a Facebook post on Monday (1 July), Singapore Customs stated that two observant Singapore Customs (SC) officers stopped a traveller’s attempt to evade Goods and Services Tax …

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