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HRD Corp suspends 3 top executives

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(Pic credit: MEDIA MULIA)

by SHAUQI WAHAB

HUMAN Resource Development Corporation (HRD Corp) has suspended three members of its top management as part of a governance reform push following findings by the Public Accounts Committee (PAC), the Auditor-General and the Malaysian Anti-Corruption Commission (MACC).

The action came amid concerns over the management of unutilised levy funds, the acquisition of Menara Ikhlas, equity investments, and a delayed RM14 million New Core System (NCS) procurement that has failed three User Acceptance Tests over more than four years.

HRD Corp CEO Datuk Shamir Aziz said the measures align with the Human Resources Minister’s call for higher integrity, transparency and accountability across workforce institutions.

“HRD Corp will implement an internal investigation process that is transparent and conducted with integrity, with a clear mandate, scope and terms of reference,” he said in a statement.

It will also involve document reviews, financial records and verification of facts.

Shamir said within his first week in office, HRD Corp secured RM151.8 million in settlements from its structured investment portfolio, representing about 18% recovery.

Moving forward, the agency will tighten governance by enforcing a minimum lead time of 21 days to three months before approved training programmes can be implemented, addressing past weaknesses where some programmes were conducted before approval.

HRD Corp will also deploy officers on the ground to strengthen monitoring and compliance, aiming to reinforce accountability and good governance in line with Malaysia Madani principles.

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EconomyNews

Visa: Malaysia remains top year-end travel destination for Singapore residents

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(Pic credit: MEDIA MULIA)

SINGAPORE — Singapore residents continued to travel extensively within the region, with Malaysia retaining its position as their most popular destination in December, data from payment technology company Visa showed.

In a statement, Visa said Singapore residents recorded an 18 per cent year-on-year (y-o-y) increase in face-to-face card spending in Malaysia during the year-end travel season, driven by a sharp rise in travel-related spending.

“Kuala Lumpur and Johor Bahru recorded y-o-y spending growth of 31 per cent and 17 per cent respectively, securing their positions as the top destinations for Singapore residents,” it said.

According to Visa, Japan was the second top destination for Singapore residents travelling at year-end, although the y-o-y spending growth was not significant, reaching only five per cent compared to previous years.

Meanwhile, the company noted that Thailand and South Korea remain key travel destinations for Singapore residents, coming in third and fourth places.

Visa’s data also revealed strong spending growth in emerging hotspots such as Chiang Mai and Chonburi in Thailand, and Busan and Jeju in South Korea.

Visa said China continues to grow in popularity as a travel corridor for Singapore residents, rising eight ranks to fifth place this year, with spending in China by Singapore residents surging nearly 80 per cent y-o-y, following a similar trend last year at 86 per cent growth.

“This strong performance was driven by robust spending on accommodation, retail goods, and department stores,” said Visa. — BERNAMA

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EconomyNews

Visa: Malaysia remains top year-end travel destination for Singapore residents

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(Pic credit: MEDIA MULIA)

SINGAPORE — Singapore residents continued to travel extensively within the region, with Malaysia retaining its position as their most popular destination in December, data from payment technology company Visa showed.

In a statement, Visa said Singapore residents recorded an 18 per cent year-on-year (y-o-y) increase in face-to-face card spending in Malaysia during the year-end travel season, driven by a sharp rise in travel-related spending.

“Kuala Lumpur and Johor Bahru recorded y-o-y spending growth of 31 per cent and 17 per cent respectively, securing their positions as the top destinations for Singapore residents,” it said.

According to Visa, Japan was the second top destination for Singapore residents travelling at year-end, although the y-o-y spending growth was not significant, reaching only five per cent compared to previous years.

Meanwhile, the company noted that Thailand and South Korea remain key travel destinations for Singapore residents, coming in third and fourth places.

Visa’s data also revealed strong spending growth in emerging hotspots such as Chiang Mai and Chonburi in Thailand, and Busan and Jeju in South Korea.

Visa said China continues to grow in popularity as a travel corridor for Singapore residents, rising eight ranks to fifth place this year, with spending in China by Singapore residents surging nearly 80 per cent y-o-y, following a similar trend last year at 86 per cent growth.

“This strong performance was driven by robust spending on accommodation, retail goods, and department stores,” said Visa. — BERNAMA

The post Visa: Malaysia remains top year-end travel destination for Singapore residents appeared first on The Malaysian Reserve.

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News

Federal Court rules words “offensive” and “annoy” under Section 233 of Communication and Multimedia Act constitutional

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(TMR File Photo)

PUTRAJAYA — The government today succeeded in its appeal to reinstate the words “offensive” and “annoy” under Section 233 of the Communications and Multimedia Act (CMA) 1998 (Act 588), after the Federal Court ruled that the terms are constitutional.

Section 233 criminalises the use of network facilities or services to transmit any communication that is obscene, indecent, false, menacing or offensive in character, with intent to annoy, abuse, threaten or harass another person.

A five-member Federal Court bench comprising Chief Justice Datuk Seri Wan Ahmad Farid Wan Salleh, and judges Tan Sri Nallini Pathmanathan, Datuk Che Mohd Ruzima Ghazali, Datuk Mohd Nazlan Mohd Ghazali and Datuk Collin Lawrence Sequerah, partly allowed the government’s appeal to overturn the Court of Appeal’s earlier ruling, which had declared the two words unconstitutional.

Delivering the court’s unanimous decision, Justice Nallini said the purpose of Section 233(1)(a) of the Act is to regulate the improper use of network facilities and services to ensure a safe online environment.

She said the provision serves to protect individuals and communities from harm arising from such misuse, adding that it targets communications that fall outside the scope of the constitutionally protected right to freedom of speech and expression. 

However, Justice Nallini said that in the case involving activist Heidy Quah, the court is of the view that the prosecution should not have been initiated, as the content of her Facebook post fell within the protection of Article 10(1)(a) of the Federal Constitution on the right to freedom of speech and expression, and could not form the basis of a charge under Section 233(1)(a) of the CMA.

Last year, the Court of Appeal struck down the words “offensive” and “annoy” in Section 233 after allowing Quah’s appeal against the High Court’s 2023 decision, which had dismissed her constitutional challenge.

In July 2021, Quah, 31, was charged in the Kuala Lumpur Sessions Court for allegedly posting “offensive” content on Facebook.

However, in April 2022, the Sessions Court granted her a discharge not amounting to an acquittal (DNAA) after finding that the charge under Section 233(1)(a) was defective. — BERNAMA 

The post Federal Court rules words “offensive” and “annoy” under Section 233 of Communication and Multimedia Act constitutional appeared first on The Malaysian Reserve.

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News

Three-year-old killed in Kg Seri Cheeding fire

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SHAH ALAM — A three-year-old child was killed in a fire that involved three houses in Kampung Seri Cheeding, Banting, early this morning.

Selangor Fire and Rescue Department assistant director of Operations Ahmad Mukhlis Mokhtar said the department was alerted to the incident at 2.44 am and immediately deployed 17 personnel, who arrived at the scene within 12 minutes.

“Initial information indicated that a three-year-old child was trapped inside the house, and firefighting and rescue efforts were carried out urgently.

“The fire was brought under control around 3.30 am, but later the child’s body was found badly burned,” he said in a statement today.

Ahmad Mukhlis said personnel from the Teluk Panglima Garang, Banting, and Kuala Lumpur International Airport fire and rescue stations assisted in the operations. — BERNAMA

The post Three-year-old killed in Kg Seri Cheeding fire appeared first on The Malaysian Reserve.

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NewsSports

Decision soon on contract renewal for Malaysian MotoGP to be held at SIC

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KUALA LUMPUR — The decision on whether to extend the contract to host the Malaysian Motorcycle Grand Prix (MotoGP) at the Sepang International Circuit (SIC), to be held at the end of this year, will be known soon.

SIC chief executive officer Azhan Shafriman Hanif said the paperwork for the MotoGP contract renewal in the country has been presented to the Ministry of Youth and Sports, and is awaiting tabling at the Cabinet.

“Insya-Allah, we should get news (on the contract extension for the hosting of the MotoGP at SIC) within this month.

“We have proposed five years, but it will depend on the Cabinet decision. We hope to extend the contract for five years because there are many other projects that we intend to carry out with MotoGP,” he said when met after the Motorsports Association of Malaysia (MAM) Awards Night 2025 here yesterday.

Malaysia’s current contract for hosting the MotoGP, renewed in 2024, is until this year. 

Azhan Shafriman said one of the projects it intends to carry out with MotoGP is setting up the base for the Asia Talent Cup in Sepang, which will create job opportunities for local talent, such as engineers, mechanics and data engineers.

Although the fee for hosting the MotoGP has risen by 10 to 15 per cent, he remains confident that the increase commensurates with the SIC offer to extend the contract for the world’s most prestigious motorcycling race.

Meanwhile, MotoGP chief sporting officer Carlos Ezpeleta said there has been a lot of progress, and he is feeling very comfortable about the contract renewal for the race at SIC.

“We’re looking forward, for sure, to another five years of the agreement with SIC, it’s a really important market. 

“In these past months, we’ve been able to progress on the negotiations, so it’s pretty much done now. It’s just a question of getting it formalised with the ministries,” he said.

The MotoGP race in Malaysia has been held at SIC since 1999, with the only exception being its cancellation in 2020 and 2021 due to the COVID-19 pandemic. — BERNAMA

The post Decision soon on contract renewal for Malaysian MotoGP to be held at SIC appeared first on The Malaysian Reserve.

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PR Newswire

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snowflake Inc. – SNOW

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NEW YORK, Feb. 5, 2026 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Snowflake Inc. (“Snowflake” or the “Company”) (NYSE: SNOW). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.


Fighting for victims of securities fraud for more than 85 years (PRNewsfoto/Pomerantz LLP)

The investigation concerns whether Snowflake and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On February 28, 2024, Snowflake announced its financial results for the fourth quarter and full fiscal year 2024, along with financial guidance for the full fiscal year 2025.  During the accompanying earnings call, Snowflake’s management discussed changes in customer behavior and the impact of certain product-related developments, which adversely affected the Company’s outlook. 

On this news, Snowflake’s stock price fell $41.72 per share, or 18.14%, to close at $188.28 per share on February 29, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-snowflake-inc—-snow-302680786.html

SOURCE Pomerantz LLP

The post INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snowflake Inc. – SNOW appeared first on The Malaysian Reserve.

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News

Pahang Sultan gives consent for UnIPSAS to be renamed as Universiti Al-Quran

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(Pic credit: Kesultanan Pahang’s Facebook)

KUANTAN — The Sultan of Pahang, Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah (picture), has consented to rename Universiti Islam Pahang Sultan Ahmad Shah (UnIPSAS) as Universiti Al-Quran, making it the first of its kind in the country.

Al-Sultan Abdullah said efforts to uphold Islam in Pahang will be strengthened through a university centred on Quranic studies.

His Royal Highness said the renaming is more than a name change, but a clear direction in positioning the Quran as a hallmark of the state’s intellectual and spiritual growth.

“This branding is like raising a landmark in the state, clearly signalling its direction and purpose,” he said in a post on the Kesultanan Pahang Facebook page today.

The Ruler was speaking at the closing ceremony of the 69th Pahang Quran and Memorisation competition at Dewan Jubli Perak Sultan Haji Ahmad Shah, here, yesterday.

Al-Sultan Abdullah also hoped the soon-to-be-proclaimed Universiti Al-Quran would spread understanding of the Quran and produce scholars, preachers and leaders guided by divine revelation.

Ahead of Ramadan, he urged the people to prepare with sincerity and devotion, noting the month as a school for the soul and a time to strengthen their bond with the Creator.

The Sultan stressed that Ramadan’s beauty lies in respect, tolerance and helping those in need, so its blessings reach all.

At the event, Zul-Hasyimi Mohamed Yunus was named Qari champion, while Nurul Saadah Mohamad Zaini won the Qariah category. — BERNAMA

The post Pahang Sultan gives consent for UnIPSAS to be renamed as Universiti Al-Quran appeared first on The Malaysian Reserve.

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PR Newswire

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Patria Investments Limited – PAX

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NEW YORK, Feb. 5, 2026 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Patria Investments Limited (“Patria” or the “Company”) (NASDAQ: PAX). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.


Fighting for victims of securities fraud for more than 85 years (PRNewsfoto/Pomerantz LLP)

The investigation concerns whether Patria and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On January 26, 2026, Snowcap Research published a short report alleging that Patria “may be overstating performance and masking losses within its flagship private equity and infrastructure funds.” 

On this news, Patria’s stock price fell $0.78 per share, or 4.55%, to close at $16.37 per share on January 26, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-patria-investments-limited—pax-302680785.html

SOURCE Pomerantz LLP

The post INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Patria Investments Limited – PAX appeared first on The Malaysian Reserve.

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PR Newswire

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Danone S.A. – DANOY

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NEW YORK, Feb. 5, 2026 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Danone S.A. (“Danone” or the “Company”) (OTCMKTS: DANOY). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.


Fighting for victims of securities fraud for more than 85 years (PRNewsfoto/Pomerantz LLP)

The investigation concerns whether Danone and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On January 21, 2026, Reuters reported Danone was “recalling and blocking batches of infant milk formula after a contamination scare.” Specifically, cereulide, a potent cytotoxin, had been detected in Danone’s Thai-origin Dumex Dulac 1. 

On this news, Danone’s American Depositary Receipt (“ADR”) price fell $1.37 per ADR, or 7.95%, to close at $15.87 per ADR on January 21, 2026. 

Then, on January 23, 2026, Danone issued a press release announcing a recall of select batches of its infant formula “to comply with the latest guidance.” 

On this news, Danone’s ADR price fell $0.43 per ADR, or 2.7%, to close at $15.55 per ADR on January 23, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-danone-sa—danoy-302680794.html

SOURCE Pomerantz LLP

The post INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Danone S.A. – DANOY appeared first on The Malaysian Reserve.

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