Here's a quick look at some of the top business stories making headlines today.
Unclaimed Money and Online Applications
Did you know there could be unclaimed money waiting for you? A whopping RM12.7 billion is currently sitting unclaimed, and individuals or their rightful heirs can claim it. The process is relatively straightforward. You can submit online applications via the eGUMIS portal or visit the respective state's offices. Don't leave money on the table; check if you're owed anything!
Lufthansa's Turbulence
German airline giant Lufthansa is facing headwinds. The company's 2024 profits are diving amidst strikes and rising costs. Despite these challenges, Lufthansa is moving forward with plans to acquire full control of ITA Airways, gradually increasing its holding to 100%. It seems like the airline is betting on long-term gains despite current difficulties.
"The airline industry is always subject to external pressures, and Lufthansa is navigating these challenges strategically," commented an industry analyst.
Commercial Cases on the Rise
Not all news is good news. JSJK Bukit Aman director Ramli Mohamed Yoosuf has reported a significant 48% increase in commercial cases. This translates to 9,431 cases recorded up to March 4, compared to 6,354 cases during the same period last year. The losses associated with these cases exceed RM500 million, highlighting the growing problem of commercial crime.
Vietnam's Cost-Cutting Measures
Vietnam is taking steps to streamline its administration and reduce costs. The country is expanding its cost-cutting drive with a plan to merge provinces. However, it remains unclear whether this will lead to further job cuts or which specific provinces will be affected. The details are still emerging, but the move signals a commitment to fiscal responsibility.
Phone Scam Alert: RM1.2 Million Lost
Be vigilant! A 45-year-old woman in Ipoh recently lost RM1.2 million in a sophisticated phone scam. The scammers impersonated a Bank Negara Malaysia (BNM) officer and tricked her into settling a supposed money laundering case. This serves as a stark reminder to be cautious of unsolicited calls and to verify any requests for money with official sources.
Stay informed and stay safe out there!