COLOMBO: Sri Lanka’s GDP could decline by up to 1.5 per cent if the United States (US) reinstates a 44 per cent tariff on Sri Lankan exports and lowers tariffs on competitor trading partners, reported Xinhua. According to an IMF country report, at present Sri Lanka faces a 10 per cent
MOSCOW, Russia: Moscow has formally recognised the Islamic Emirate of Afghanistan, said the Russian Foreign Ministry, Russian News Agency (TASS) reported. According to a ministry representative, the Foreign Ministry confirmed this when asked to comment on reports about Russia’s decision to recognise the country. The Russian ambassador in Afghanistan, Dmitry Zhirnov,
KUALA LUMPUR: The Finance Ministry (MOF) has agreed to provide transitional support to industry players during the change in the scope of the Sales and Service Tax (SST), following feedback regarding difficulties in complying with all operational requirements. In a statement today, MOF said the government will allow service providers
PUTRAJAYA: Federal Court Judge Datuk Zabariah Mohd Yusof will assume the powers and responsibilities of the Court of Appeal president following Tan Sri Abang Iskandar Abang Hashim’s retirement yesterday (Thursday). In a letter dated yesterday, Chief Judge of Malaya Tan Sri Hasnah Mohammed Hashim, who is assuming the powers and
KUALA TERENGGANU: Only an express bus driver and three express bus passengers have been issued summonses for not wearing seat belts in Terengganu under a special operation by the Road Transport Department (JPJ) nationwide since July 1. Terengganu JPJ director Zamri Samion said a total of 85 express and tour
KUALA LUMPUR: The Ministry of National Unity will organise the Nation-Building Conference this October in an effort to further strengthen unity among Malaysians. Its minister Datuk Aaron Ago Dagang said the conference will pave the way for a new direction through the development of a Nation-Building Action Plan, as part
KUALA LUMPUR: A cycling coach pleaded not guilty in the Ampang Sessions Court today to a charge of committing physical sexual assault on a female cyclist last year. A former national road cycling great, Nor Effandy Rosli, 58, was charged with committing the offence on a girl aged 15 years
ROME, Italy: Malaysia remains committed to the principles of free and open trade as the core to inclusive, sustainable and resilient economic growth. Prime Minister Datuk Seri Anwar Ibrahim said that in an increasingly challenging global landscape, international stability and peace are an important foundation for economic prosperity as well
NEW YORK, United States (US): The federal jury in New York trial of Sean ‘Diddy’ Combs found him guilty of prostitution-related offences but acquitted him of the more serious charges of racketeering conspiracy and sex trafficking, US media reported on Wednesday, after more than 13 hours of deliberations. The 55-year-old
GENEVA, Switzerland: The World Health Organisation (WHO) is campaigning for significantly higher taxes on tobacco products, alcohol, and sugary drinks, reported German Press Agency (dpa). The United Nations (UN) health agency is urging countries to raise the prices of these harmful products by at least 50 per cent by 2035