Latest news with #Choy
The Star
5 days ago
- Business
- The Star
Several Medan Ipoh roads to partially close for maintenance works
Choy (third from left) and Lee (centre) at a press conference on the partial road closures that will take place at Medan Ipoh. SEVERAL roads at Medan Ipoh commercial area in Ipoh, Perak will be partially closed in stages from now until mid-August for maintenance works. The affected roads are Lebuh Medan Ipoh, Jalan Medan Ipoh 1, Jalan Medan Ipoh 6, Jalan Medan Ipoh 11, Jalan Medan Ipoh 6 Service Road (SR) 1 and Jalan Medan Ipoh 6 SR 2. Canning assemblyman Jenny Choy said the roads would be closed in stages, with work scheduled to start today and completed by Aug 18. 'Works will start at Jalan Medan Ipoh 6 SR 1 and 2. 'Resurfacing works will be carried out daily from 9am to 7pm,' said Choy, adding that the RM1.6mil project funded by the Housing and Local Government Ministry would see 3.125km of road resurfaced. Many roads at the commercial area had not been properly maintained, with some never fully resurfaced since the area was developed, she added. 'The uneven road conditions not only affect traffic flow but also negatively impact businesses and motorists,' said Choy in a press conference at the affected stretch. 'Apart from road resurfacing works, Jalan Medan Ipoh 6 will have 94 cassia fistula trees (golden shower trees) planted along the road. 'These trees will not only beautify the area but also enhance the city's image.' Choy said notices have been issued to business owners and residents along affected roads informing them on the project. 'We urge them to cooperate by not parking on road shoulders or within work zones for works to be carried out smoothly.' Meanwhile, Ipoh Timur MP Howard Lee said the night market that had been operating in the area for over 20 years would be temporarily relocated. 'The 300 traders will be relocated to Jalan Medan Ipoh 7, 8, 10 and 2. 'I also advise residents not to entertain offers from contractors to repave the area in front of their homes, as they are not permitted to carry out such works,' he added.
New Straits Times
16-07-2025
- Business
- New Straits Times
MARC: Inflation to stay manageable despite SST hike
KUALA LUMPUR: MARC Ratings Bhd expects Malaysia's inflation to remain manageable despite the recent upward revision to the sales and service tax (SST). MARC's chief economist Dr Ray Choy said the global monetary policy environment has turned more dovish, with Bank Negara Malaysia cutting its overnight policy rate to 2.75 per cent in July, following the European Central Bank's easing cycle in 2024. "Markets are also pricing in two interest rate cuts by the US Federal Reserve by the end of 2025," he said at MARC's recent forum, An Afternoon Talk with MARC: Global Economic & Market Outlook, Geopolitics and Tariff Agendas. On the domestic outlook, Choy said Malaysia's economy is projected to grow by 4.4 per cent in 2025, supported by resilient domestic demand, including private consumption, investment activity and a sustained recovery in tourism. He added that the Malaysian bond market remains steady, backed by robust foreign demand for government securities and a positive medium-term growth trajectory. Commenting on trade trends, Choy noted that the average US tariff rate since 1989 has been around 2.7 per cent, but ongoing trade tensions could push this higher, likely settling in the teens. "As of 10 July 2025, data shows that the Trump administration reduced initial tariff rates on 59.1 per cent of its trading partners, with average tariff increases of 1.5 per cent and reductions of 7.3 per cent. This reflects a complex recalibration of trade policy and hope for better outcomes on future negotiations," he said. Meanwhile, Malaysian Rating Corporation Bhd (MARC) group chief executive officer Arshad Mohamed Ismail said that the line between economics and geopolitics is becoming increasingly blurred, posing significant implications for global business strategies, policy decisions and financial stability. He said that the convergence of economic and geopolitical risks is now more evident than ever, with tariffs being used as strategic levers in US foreign policy and disruptions in global energy markets continuing to impact supply chains around the world. Arshad added that US tariffs have shifted beyond their traditional economic purpose and now reflect broader political and strategic priorities. "For corporations and financial institutions, understanding and navigating this complexity is vital for sound planning and risk management," he said. Arshad said that for open economies like Malaysia, the current global climate demands a more agile and multidimensional approach to competitiveness.
Yahoo
14-06-2025
- Business
- Yahoo
Choy sues Hawai‘i Tourism Authority for ‘retaliation,' seeks reinstatement
Isaac Choy, who remains on unpaid leave from the Hawai 'i Tourism Authority, has sued named and unnamed HTA officials alleging they retaliated against him for reporting what he called HTA procurement, spending and other violations. The lawsuit filed Thursday in Circuit Court by Choy—who was HTA's vice president of finance and acting chief administrative officer—represents the latest drama at HTA, which has the key responsibility for organizing state and private tourism entities and marketing Hawaii as a travel destination. HTA interim President and CEO Caroline Anderson, whom Choy names as a defendant in his lawsuit, did not immediately respond to a request for comment. HTA Chair Todd Apo declined to comment on the lawsuit. The Attorney General's office had not been served with Choy's lawsuit by the end of Friday and said it generally does not comment on pending litigation. Choy's lawsuit seeks penalties up to $5, 000 against Anderson and anyone else at HTA for each alleged violation of 'the Hawaii Whistleblowers Protection Act ' in what he calls retaliation for reporting violations. He also wants to be reinstated with back pay, in addition to payment of his attorneys' fees. Choy, Hawaii's former tax director, had worked at HTA since April 2023 and had responsibility for 'fiscal supervision of the funds appropriated to the HTA in a manner consistent with Generally Accepted Accounting Principles standards, State budget fiscal requirements, and any regulatory requirement, ' among other duties. Beginning in March 2024, Choy said he began reporting HTA violations to state and HTA officials that continued into February. In one instance, according to the lawsuit, the state Procurement Office in January 2024 'confirmed that the then-program manager, Caroline Anderson, violated state procurement laws by failing to conduct a proper contract extension and then verbally extending the contract without going through the proper procurement process.' 'Mr. Choy reported his concerns about HTA's failure to timely and consistently comply with laws, rules, regulations and contracts to the State Legislative Auditor, the State Attorney General, and State legislators, who were conducting investigations or inquiry as part of their legislative duties, ' according to the lawsuit. After Choy alleged improper use of Hawai 'i Convention Center space by then-HTA CEO Mufi Hannemann, Choy's lawsuit said the Attorney General's office confirmed in writing that Choy mentioned Hawaii's whistleblower law in September 'as a protection against retaliation for himself and other HTA staff members.' Then allegations emerged that Choy had made racist and sexist remarks on the job, prompting the Attorney General's office and the Department of Human Resources on May 9 to direct that he be placed on unpaid leave. In his lawsuit, Choy said that Anderson on May 9 'delivered a letter to Mr. Choy, stating that Mr. Choy was being placed on administrative leave without pay, and was barred from coming to the HTA offices.' 'At Ms. Anderson's direction, Mr. Choy was immediately escorted from the HTA offices, on a 'perp walk' in front of all HTA employees as if Mr. Choy had been charged with a crime, in an attempt to humiliate Mr. Choy and intimidate other HTA staff members.' The reasons that Anderson cited in her May 9 letter for placing him on leave 'were false, misrepresented and /or grossly overstated, based on hearsay and unsubstantiated allegations, ' according to the lawsuit. 'The reasons stated in Ms. Anderson's May 9, 2025 letter were an obvious pretext, to silence Mr. Choy, and to retaliate against Mr. Choy for reporting numerous, serious violations of State laws, rules, regulations, and contracts, including the procurement violations by Ms. Anderson that Mr. Choy had reported. Placing Mr. Choy on leave without pay, without any legitimate basis under State law, was a transparent attempt by HTA and Ms. Anderson to harm Mr. Choy financially and unlawfully coerce him into resigning his position from HTA, to prevent him from providing additional details about the violations of State laws, rules, regulations, and contracts Mr. Choy had reported or was about to report.' On May 15, Choy sent a letter to Anderson, demanding that 'your retaliatory actions cease immediately and that my employment status be restored immediately.' In the letter, Choy told Anderson that 'Your false and reckless statements and retaliatory behavior have not only significantly damaged my reputation and income but also profoundly affected my family.' Choy served five terms in the House representing Manoa from 2008 through 2018.
Yahoo
12-06-2025
- Entertainment
- Yahoo
Sam Choy's in the Kitchen: Fishing with the Choy Boys in Kona!
In this episode of Sam Choy's in the Kitchen, we're heading out to Kona for an unforgettable day of fishing and ono grinds with the Choy boys! Sam is joined by his sons, Sam Jr. and Chris, for some quality time on the water. Sam Jr. takes us out on his boat, Siesta, with deckhand Topher leading the way bright and early. We kicked off the morning heading miles off the Kona coast with some deep-sea trolling, hoping to hook something massive. John gets a quick crash course in the angler chair from Topher, and it's harder than it looks! After some time with no bites, we decided to switch gears and try our luck at bottom fishing. Persistence paid off when Topher and John reeled in a beautiful weke ula! Back on land, the Choy boys and their friends were ready to feast. Earlier in the week, they had caught fresh ahi, aku, and kanpachi. Sam whipped up a traditional island-style poke with tender chunks of ahi, rich in flavor and perfect with a bowl of rice. They then made a kimchi aku poke, grilled kanpachi paired with cold soba noodles for a refreshing and satisfying dish, and finally, the fried weke ula. It was a long day full of laughs, flavor, and good fun with the Choy 'ohana. Whether on the boat or in the kitchen, there's nothing better than sharing good times and good food with the people you love. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Scoop
05-06-2025
- Business
- Scoop
InvestNow Launches Foundation Series Nasdaq-100 Fund Catered To Kiwi Investors
Press Release – InvestNow The new fund charges a management fee of just 0.15% per annum, a 0.50% transaction fee on all buy orders (entry fee) and 0.50% on all sell orders (exit fee). InvestNow has announced the launch of the Foundation Series Nasdaq-100 Fund, which offers exposure to the Nasdaq-100 Index® through a Portfolio Investment Entity (PIE) fund structure, with market-leading low fees and added tax advantages. The new fund charges a management fee of just 0.15% per annum, a 0.50% transaction fee on all buy orders (entry fee) and 0.50% on all sell orders (exit fee). It is the tenth offering in InvestNow's low-cost Foundation Series Funds range, and the first time that New Zealand investors can get exposure to the Nasdaq-100® within a PIE fund. 'The Nasdaq-100® is one of the world's preeminent large-cap growth indexes, and by capturing exposure through a low-cost, tax-efficient PIE fund, it can help reduce expenses and therefore enhance returns for Kiwi investors,' says InvestNow Senior Portfolio Manager Jason Choy. 'Direct investors into other funds that track the Nasdaq-100® face a marginal tax rate of up to 39%. Through a PIE fund however, investors' tax rate is capped at just 28%, which can help sidestep an up to 40% higher tax bill in real terms. The advantages are considerable, and I wouldn't be surprised if this ends up being one of the most popular funds we offer.' The Foundation Series Nasdaq-100 Fund offers exposure to the 100 largest non-financial companies listed on the Nasdaq Stock Market, which includes tech heavyweights such as Apple, Tesla, NVIDIA and Microsoft. 'These are some of the world's largest and fastest growing companies. I'm thrilled we can offer investors exposure to the Nasdaq-100® in such a novel way; that we can partner with such global investment giants underlines our expertise and our product offering,' Choy adds. InvestNow started its low-cost Foundation Series Funds range in 2020, which have an average management fee of just 0.16% per annum. Currently the Foundation Series Funds have around $500m in funds under management.
