
Private jet photo ignites new storm in Sabah
The image allegedly features SMM CEO Natasha Sim, the company's secretary Emily Chong, and Sabah timber tycoon Elbert Lim standing next to a jet said to belong to an Indonesian coal magnate.
Warisan assemblyperson Justin Wong described the photo as...

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
2 hours ago
- The Star
Indonesia targets at least 20 million students for free nutritious meal programme by Aug 17
JAKARTA (Xinhua): Indonesian President Prabowo Subianto has set a goal of providing free nutritious meals to 20 million people before the country's Independence Day on Aug 17, Coordinating Minister for Political and Security Affairs Budi Gunawan said in a statement on Monday. As of the end of July 2025, the program had reached 7,374,135 beneficiaries through 2,375 active community nutrition kitchens.


The Star
3 hours ago
- The Star
Ringgit strengthens on weak US jobs report
KUALA LUMPUR: The ringgit closed stronger against the US dollar on Monday following a softer-than-expected United States (US) jobs report that significantly altered market expectations on the Federal Reserve (Fed) policy, said an analyst. At 6 pm, the local note rose to 4.2350/2385 versus the US dollar from Friday's close of 4.2750/2815. SPI Asset Management managing director Stephen Innes said that last Friday's nonfarm payrolls data showed a marked slowdown in US job creation, prompting traders to sharply increase bets on monetary easing. "Market-implied expectations for Fed rate cuts this year jumped to 64 basis points, up from 33 basis points prior to the release. The probability of a September rate cut surged above 90 per cent, while October is now fully priced for the first move," he told Bernama. Innes said the shift triggered a widespread sell-off in the US dollar and US government bonds, boosting demand for emerging market currencies including the ringgit, as sentiment pivoted towards a more dovish Fed outlook. Meanwhile, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit is likely to exhibit a positive trend as Bank Negara Malaysia is expected to maintain its current overnight policy rate (OPR) stance. "This would mean that the interest differentials between the Fed Fund Rate and the OPR would narrow in the months to come,' he said. Meanwhile, at the close, the ringgit ended lower against major currencies. It fell against the Japanese yen to 2.8652/8677 from 2.8407/8452 at the close on Friday, depreciated versus the British pound to 5.6296/6342 from 5.6208/6293, and declined against the euro to 4.8978/9018 from 4.8752/8826 previously. The ringgit was mixed against regional peers. It improved against the Singapore dollar to 3.2878/2908 from 3.2907/2960 and edged higher against the Indonesian rupiah to 258.2/258.5 from 258.8/259.4 at Friday's closing. However, it inched down versus the Thai baht to 13.0452/0616 from 13.0058/0319 and weakened against the Philippine peso to 7.38/7.39 from 7.35/7.36 previously. - Bernama


New Straits Times
3 hours ago
- New Straits Times
Ringgit strengthens on weak US jobs report
KUALA LUMPUR: The ringgit closed stronger against the US dollar on Monday following a softer-than-expected United States (US) jobs report that significantly altered market expectations on the Federal Reserve (Fed) policy, said an analyst. At 6pm, the local note rose to 4.2350/2385 versus the US dollar from Friday's close of 4.2750/2815. SPI Asset Management managing director Stephen Innes said that last Friday's nonfarm payrolls data showed a marked slowdown in US job creation, prompting traders to sharply increase bets on monetary easing. "Market-implied expectations for Fed rate cuts this year jumped to 64 basis points, up from 33 basis points prior to the release. The probability of a September rate cut surged above 90 per cent, while October is now fully priced for the first move," he told Bernama. Innes said the shift triggered a widespread sell-off in the US dollar and US government bonds, boosting demand for emerging market currencies including the ringgit, as sentiment pivoted towards a more dovish Fed outlook. Meanwhile, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit is likely to exhibit a positive trend as Bank Negara Malaysia is expected to maintain its current overnight policy rate (OPR) stance. "This would mean that the interest differentials between the Fed Fund Rate and the OPR would narrow in the months to come," he said. Meanwhile, at the close, the ringgit ended lower against major currencies. It fell against the Japanese yen to 2.8652/8677 from 2.8407/8452 at the close on Friday, depreciated versus the British pound to 5.6296/6342 from 5.6208/6293, and declined against the euro to 4.8978/9018 from 4.8752/8826 previously. The ringgit was mixed against regional peers. It improved against the Singapore dollar to 3.2878/2908 from 3.2907/2960 and edged higher against the Indonesian rupiah to 258.2/258.5 from 258.8/259.4 at Friday's closing. However, it inched down versus the Thai baht to 13.0452/0616 from 13.0058/0319 and weakened against the Philippine peso to 7.38/7.39 from 7.35/7.36 previously