Penjawat awam patriotik tunjang kestabilan, kemajuan negara

Penjawat awam patriotik tunjang kestabilan, kemajuan negara

PENJAWAT awam ibarat tunjang dan akar kepada sepohon pokok. Kukuhnya mereka memastikan negara terus teguh dan subur, walau diuji badai. Penjawat awam juga bukan hanya sekadar bertanggungjawab melaksanakan dasar-dasar kerajaan, namun menjadi penghubung antara rakyat dengan institusi kerajaan selain perlu memiliki nilai-nilai murni dan jati diri yang kukuh, rasa cinta serta sayang kepada tanah air ... Read more The post Penjawat awam patriotik tunjang kestabilan, kemajuan negara appeared first on Utusan Malaysia .

Trump accuses banks of discrimination as White House prepares order

Trump accuses banks of discrimination as White House prepares order

WASHINGTON/NEW YORK : President Donald Trump on Tuesday said he believes that banks, including JPMorgan and Bank of America, discriminate against him and his supporters, as he prepares to act against banks for allegedly dropping customers for political reasons. Trump also said the country’s top two lenders had previously rejected his deposits, ramping up his attack on the industry. “They totally discriminate against, I think, me maybe even more, but they discriminate against many conservatives,“ he told CNBC in an interview. Trump made the comments when asked about a report by the Wall Street Journal that said he planned to punish banks that discriminated against conservatives, but did not address the order specifically. The executive order instructs regulators to review banks for “politicized or unlawful debanking” practices, according to a draft reviewed by Reuters. It is likely to be announced on Wednesday, an industry source said. “They did discriminate,“ Trump said of actions taken by JPMorgan after his first term in office. “I had hundreds of millions, I had many, many accounts loaded up with cash ... and they told me, ‘I’m sorry sir, we can’t have you. You have 20 days to get out.’” Trump’s latest criticism adds pressure on America’s largest lenders. The order would likely require banks to conduct sweeping reviews of their businesses to comply with regulations. Trump said, without providing evidence, that the banks’ refusal to take his deposits indicated that the administration of former President Joe Biden had encouraged regulators to “destroy Trump.” Trump said he subsequently tried to deposit funds with BofA and was also refused, and eventually split the cash. “I ended up going to small banks all over the place,“ he said. “I was putting $10 million here, $10 million there, did $5 million, $10 million, $12 million,“ he said, without naming the lenders. “I have them all over the place, the craziest thing, and it’s lucky I even had them. They were doing me a favour, and that’s because the banks discriminated against me very badly, and I was very good to the banks.” In a statement, JPMorgan did not address the president’s specific claims about his account. “We don’t close accounts for political reasons, and we agree with President Trump that regulatory change is desperately needed,“ JPMorgan said. “We commend the White House for addressing this issue and look forward to working with them to get this right.” BofA also did not address Trump’s specific claims. ‘REPUTATIONAL RISK’ ISSUE During Biden’s administration, regulators were able to scrutinize banks’ decisions on the basis of reputational risks, a second source familiar with the matter said. Lenders were under intense scrutiny and pressure to weigh reputational risks when dealing with Trump because of his legal woes, a third source said. JPMorgan continues to have a banking relationship with members of the Trump family that dates back years, and it also banks a number of campaign accounts linked to Trump, the third source said. After Trump took power, the Federal Reserve announced in June it was directing its supervisors to no longer consider reputational risk when examining banks, a metric that had been a focus of industry complaints. The Wall Street Journal reported late Monday that the expected executive order would instruct regulators to investigate whether any financial institutions breach the Equal Credit Opportunity Act, antitrust laws or consumer financial protection laws by dropping customers for political reasons. The order could authorize monetary penalties, consent decrees or other disciplinary measures against violators, according to the draft. The White House had no immediate comment on the reported order. “What the White House is doing is telling the banks not to hide behind regulations to deny loans or banking relationships,“ said Wells Fargo bank analyst Mike Mayo. “Banks can use their normal underwriting standards and deny services, but not blame regulators or use reputational risk as a justification.” BofA said it welcomed the administration’s efforts to clarify the policies. “We’ve provided detailed proposals and will continue to work with the administration and Congress to improve the regulatory framework,“ the bank said. Trump in January admonished the CEOs of JPMorgan and BofA for denying services to conservatives. At the time, the two banks denied making banking decisions based on politics. REGULATORY OVERREACH Banks have consistently argued that any complaints about “debanking” should be aimed at regulators, as they argue onerous rules and overzealous bank supervisors can discourage them from engaging in certain activities. “The heart of the problem is regulatory overreach and supervisory discretion,“ the Bank Policy Institute, an industry group, said in a statement. Lenders have held discussions around debanking and weighed scenarios around a potential order, the first source said. Banks are also hopeful the administration may change anti-money laundering laws that they say are outdated and burdensome, the source added. - Reuters

Trump to name Fed board nominee this week, narrows chair search to four

Trump to name Fed board nominee this week, narrows chair search to four

WASHINGTON : U.S. President Donald Trump announced he will select a nominee to fill an upcoming vacancy on the Federal Reserve’s Board of Governors by the end of the week. He also revealed that his search for a replacement for Fed Chair Jerome Powell has been narrowed to four candidates. “I’ll be making that decision before the end of the week,“ Trump said regarding the replacement for Fed Governor Adriana Kugler, who unexpectedly announced her departure last week. Kugler will leave her position this Friday to return to academia at Georgetown University. Trump clarified that selecting Kugler’s replacement—a role lasting only until January—differs from choosing Powell’s successor, whose term ends in May. However, the appointment could influence the Fed chair selection, as Trump indicated his shortlist includes economic adviser Kevin Hasset, former Fed governor Kevin Warsh, and two unnamed individuals, one believed to be current Fed Governor Christopher Waller. “We’re also looking at the Fed chair, and that’s down to four people right now ... Two Kevins and two other people,“ Trump said. Earlier in the day, Trump told CNBC that Treasury Secretary Scott Bessent was no longer in contention for Fed chair, as Bessent preferred to remain in his current role. Trump also described Kugler’s early departure as a “pleasant surprise,“ providing an opportunity to appoint someone who could later be elevated to Fed chair. Kugler’s replacement would initially serve only the remaining months of her term. However, Trump could signal his intent to nominate the same individual for a full 14-year term and as Powell’s successor, allowing them to influence policy discussions ahead of a formal transition. “A lot of people say, when you do that, why don’t you just pick the person who is going to head up the Fed? That’s a possibility too,“ Trump said. The president has repeatedly criticized Powell for not cutting interest rates since Trump returned to office in January. Despite economic indicators showing slowing growth and a weakening job market, inflation remains above the Fed’s 2% target, complicating policy decisions. Kugler’s replacement will require Senate confirmation, as will any subsequent nomination for a full term or Fed chairmanship. Meanwhile, Trump’s abrupt firing of Bureau of Labor Statistics Commissioner Erika McEntarfer—amid unsubstantiated claims of data manipulation—has raised concerns about the independence of U.S. economic reporting. Economists warn that Trump’s trade policies may exacerbate inflation and labor market instability, further complicating the Fed’s mandate to balance price stability and employment. Michael Strain of the American Enterprise Institute cautioned that perceptions of political interference in key economic appointments could undermine confidence in U.S. institutions. “If you appoint somebody who’s perceived to be a lackey as the Fed chair, take the BLS freakout and multiply by 1,000,“ he said. - Reuters

Malaysia, Philippines boost ASEAN cooperation for regional stability

Malaysia, Philippines boost ASEAN cooperation for regional stability

KUALA LUMPUR : Malaysia and the Philippines are committed to strengthening strategic cooperation to ensure a more peaceful and united future for ASEAN, says Prime Minister Datuk Seri Anwar Ibrahim. In a Facebook post tonight, Anwar said the commitment was among the matters discussed during a phone conversation with Philippine President Ferdinand Romualdez Marcos Jr today. “The discussion also touched on peace and harmony in international waters and border areas, which are our shared priorities for regional stability,“ said the Prime Minister. Anwar said he also shared positive developments regarding the border negotiations between Thailand and Cambodia, which are expected to be finalised this Thursday through the consensus of the two countries’ defence ministers during the Extraordinary General Border Committee (GBC) meeting here. The Prime Minister said the development marked another step forward in realising ASEAN’s aspirations of becoming a peaceful, stable and prosperous region. Cambodian Defence Minister General Tea Seiha and acting Thai Defence Minister General Natthaphon Narkphanit, along with armed forces chiefs and government representatives of both countries, are expected to attend the GBC meeting. Thailand and Cambodia had agreed to implement a ceasefire effective midnight on July 28 following a special meeting chaired by Anwar at the Seri Perdana Complex in Putrajaya. - Bernama

Texas redistricting battle sparks national fight for Congress control

Texas redistricting battle sparks national fight for Congress control

TEXAS : The political battle over Texas’ congressional redistricting is escalating into a nationwide fight, with Republicans and Democrats locked in an unprecedented mid-decade arms race to control the U.S. House of Representatives. At the urging of former President Donald Trump, Texas Republicans have proposed new congressional maps aimed at flipping five Democrat-held House seats in the 2024 midterms. The move intensifies partisan tensions, as Democrats warn of retaliatory redistricting efforts in blue states like California and Illinois. “Donald Trump is a cheater, and so is Governor Greg Abbott,“ said Illinois Governor JB Pritzker, standing alongside Texas Democrats who fled the state to block the GOP’s redistricting vote. “As far as I’m concerned, everything is on the table.” Redistricting typically occurs every decade after the U.S. Census, but Trump has pushed for an unusual mid-cycle redraw, arguing Republicans deserve more seats after his strong 2020 Texas performance. “I won Texas. I got the highest vote in the history of Texas, and we are entitled to five more seats,“ Trump told CNBC. Democrats, needing only three more seats to reclaim the House majority, fear GOP-led redistricting in Texas, Florida, and other states could derail their 2024 prospects. Meanwhile, Democratic governors like California’s Gavin Newsom are threatening countermeasures. “If Texas moves forward, we will respond,“ Newsom said. Legal battles loom as Texas Governor Abbott filed an emergency lawsuit to remove Democratic lawmakers who fled the state. Republican Attorney General Ken Paxton also vowed to pursue court orders against absent legislators. However, legal experts note that courts have historically upheld lawmakers’ right to break quorum as a political tactic. The standoff underscores how redistricting, once a routine process, has become a high-stakes weapon in America’s partisan warfare. With both sides digging in, the fight over congressional maps could shape U.S. politics for years to come. - Reuters

Foreigner arrested for alleged molestation of teen in Rawang

Foreigner arrested for alleged molestation of teen in Rawang

KUALA LUMPUR : A foreign man who is suspected of molesting a teenage girl in Bukit Sentosa, Rawang recently has been arrested by the police today. Hulu Selangor district police chief Supt Ibrahim Husin said the man was arrested after the police received a report from the victim around 3 pm Sunday. “The suspect, 21, was arrested by the Hulu Selangor district police headquarters criminal investigation division thanks to a public tipoff,” he said in a statement, adding that the suspect did not have any prior records and tested negative for drugs. The suspect has been remanded for three days from today till Aug 7 for further investigation under Section 15(a)(1) of the Sexual Offences Against Children Act 2017, he added. - Bernama

No Malaysians affected by Laos floods, says Foreign Ministry

No Malaysians affected by Laos floods, says Foreign Ministry

KUALA LUMPUR : There have been no reports of Malaysians being affected by the floods following Typhoon Wipha and Southwest Monsoon rains in Laos, Malaysia’s Foreign Ministry said. In a media advisory on Tuesday, the ministry nevertheless advised all Malaysians residing in or travelling through Laos to exercise caution, follow the instructions of local authorities, and remain alert to weather updates and official advisories. “The Foreign Ministry, through the Embassy of Malaysia in Vientiane, is closely monitoring the situation in Laos following widespread flooding caused by heavy rainfall from the Southwest Monsoon and Typhoon Wipha,” the statement read. The Foreign Ministry will provide updates as necessary to ensure the safety and well-being of Malaysians in Laos. “Malaysians in Laos are also encouraged to register with the embassy and stay in close contact for timely assistance and information,” the statement read. According to the ASEAN Coordinating Centre for Humanitarian Assistance (AHA Centre), the disaster has affected over 58,000 people from 34,000 families across 10 provinces. Nine fatalities and four missing person cases have been reported to date. For consular assistance, Malaysians may contact the Embassy of Malaysia in Vientiane at Nongbone Road, Ban Phonexay, P.O. Box 789, Vientiane, Laos, by phone at +856 21 414205 / +856 21 414201 or +856 20 5553 1801 (emergency), or via e-mail at mwvientiane@kln.gov.my. - Bernama

UN warns of catastrophic risks as Israel considers Gaza expansion

UN warns of catastrophic risks as Israel considers Gaza expansion

NEW YORK: The United Nations on Tuesday called reports about a possible decision to expand Israel’s military operations throughout the Gaza Strip “deeply alarming” if true. U.N. Assistant Secretary-General Miroslav Jenca told a U.N. Security Council meeting on the situation in Gaza that such a move “would risk catastrophic consequences ... and could further endanger the lives of the remaining hostages in Gaza. “International law is clear in the regard; Gaza is and must remain an integral part of the future Palestinian state,“ he added. Israeli Prime Minister Benjamin Netanyahu met senior security officials on Tuesday to finalize a new strategy for the nearly two-year-old war in Gaza with media reporting he favored a complete military takeover of the Palestinian enclave. Responding to the reports at the Security Council, China’s deputy U.N. representative, Geng Shuang, said: “We urge Israel to immediately halt such dangerous actions.” He called for a ceasefire and urged countries with influence to take concrete steps to help bring one about. The brother of Israeli hostage Evyatar David, who was shown appearing emaciated in a video released by Hamas last week, told the Security Council to use its leverage to secure the immediate unconditional release of remaining hostages and to ensure humanitarian aid reaches them. “Every moment of delay is a step closer to final tragic outcome,“ Ilay David told the meeting. He said the video showed his brother as “a living skeleton. He had barely the strength to move or speak, his voice barely recognizable,“ the brother said, adding that neither he nor his mother could bring themselves to watch. “We knew that if we did, we would be unable to function. My father and sister, however, felt they had to see him, to hear his voice, to feel him somehow. Now these images haunt them. My father cannot sleep, and my mother has not stopped crying ever since,“ he said. - Reuters