Latest Malaysia News
RSS-
Penang govt to set up commission on structural failures
Reset GEORGE TOWN (June 19): Chief Minister Lim Guan Eng today proposed the setting up of a Penang State Commission of Enquiry to probe the two separate civil structural failures which occurred within the last week. He said the state executive council had agreed on the formation of the commission to investigate the Second Penang Bridge ramp and Jalan Macalister lightning arrestor collapses. ...
-
Pos Malaysia has upside potential says HwangDBS
]'s strong share price performance since mid-2012 still leaves room for more upside potential, said HwangDBS Vickers Research today.Bloomberg data showed the counter had appreciated by 74.74% a year to yesterday's close of RM4.98.Despite this, the research house has raised its target price of Pos Malaysia to RM5.60 from RM4.60, while maintaining a "buy" rating.In a note ...
-
MBM Resources targets RM4b revenue by 2015
targets RM4bil in revenue by 2015, underpinned by the major investments undertaken by the group. In the financial year ended Dec 31, 2012 (FY12), its revenue jumped 33% to RM2.26bil from RM1.7bil in FY11. ...
More Malaysia News
RSS-
MRCB shareholders start vote on RM729m merger with Nusa Gapurna
is still ongoing. Indications are strong that shareholders will put the proposal through, sources close to the company said. "There shouldn't be any problem. MRCB already has the support of the proxies," a source told StarBiz on Thursday ahead of the EGM's conclusion. MRCB's AGM took place earlier in the morning. Mild security presence was spotted at the shareholder ...
-
Asian markets in the red KLCI down 10 points at midday
KUALA LUMPUR: Malaysia's blue chips fell at midday on Thursday, but the decline was less serious compared with key Asian markets where their key indices fell up to 2.5%, as sentiment took a hit from the latest batch of negative news China. At 12.30pm, the KLCI slid 10.13 points or 0.57% to 1,762.75. Turnover was 840.37 million valued at RM760.864. The broader market was weak, with decliners ...
-
Haze Flights not affected
SEPANG: Flights are expected to continue as usual at the Kuala Lumpur International Airport (KLIA), as the near-annual haze season gets worse in parts of Malaysia. Malaysia Airports senior general manager (operation ...
-
Probe on trainee who gave birth at PLKN camp
MIRI: An investigation is to be conducted into the case of a National Service Training Programme (PLKN) trainee who delivered a baby in the toilet of a training camp in Johor on Wednesday. National Service Training Council ...
-
Malaysia PC sales hit 898000 in Q1 2013 Lenovo top vendor
KUALA LUMPUR: Malaysia's personal computer (PC) market recorded 898,000 units in the first quarter ended March 31, 2013, which was an increase of 18% sequentially, with Lenovo emerging as the top vendor. IDC's Asia/Pacific Quarterly PC Tracker issued on Thursday said despite the sequentially rise, the market reported a decline by the same percentage on a year-on-year basis. ...
-
American pastor’s murder Two more Pakistan nationals charged
KUALA LUMPUR: Two more Pakistan nationals have been charged with murder of American volunteer pastor David James Ginter in May. Shaheen Murad, 37, and Hassan Raza, 21, were charged before the Ampang magistrate of murdering Ginter, 62, at his home in Taman Sri Ukay, in Hulu Klang here between 5.30pm on May 3 and 10.45am the next day. The two are alleged to have committed the offence with security ...
-
William Yau inquest Verdict later today
PETALING JAYA: A Coroner's Court here will deliver its verdict later Thursday on the cause of death of six-year-old William Yau who was found floating near Sungai Sireh jetty in Port Klang on Jan 24. Coroner Mohd Hezri Shaharil is expected to deliver his decision at 2pm. The boy was reported missing in Putra Height, Subang Jaya, on Jan 16. His father Yau Kok Kang, 32, and mother Goh Ying ...
-
Haze Muar’s 200 schools to close temporarily from today’s afternoon session
JOHOR BARU: All afternoon session schools in Muar have been directed to temporarily close following hazardous air pollutant index (API) readings recorded in the area on Thursday. State ...
-
MCMC offers free money to small businesses few takers
CYBERJAYA: Malaysian Communications and Multimedia Commission (MCMC) has offered a RM50mil grant for 50,000 eligible small and medium-sized businesses to set up websites but less than 7,000 have taken advantage of the grant since it was launched in Jan 2013. Meant for companies earning not more than RM200,000 a year and with less than 10 employees, the RM1,000 Get Malaysian Business Online ...
-
Britain France face EU action over high Eurostar charges
Four members of the Scot's Guards pose for a photograph next to a new Eurostar train, during a media event, in central London, October 7, ...
-
RHB Research maintains Neutral on IHH Healthcare
believes there is a possibility IHH could recapitalise its balance sheet by potentially setting up a REIT vehicle. RHB said its Singapore operations would see improvements in at its Mount Elizabeth Novena Hospital come 2Q13 where the S$2bil (RM5.04bil) hospital has since operationalised 100 beds and is currently breaking even at earnings before interest, taxes, depreciation and amotisation ...
-
China’s Comtec to build one of world’s largest solar wafer making plants in Kuching for RM1.2bil
KUCHING: China-based Comtec Solar will build a RM1.2bil solar wafer manufacturing plant at Samajaya Free Industrial Zone near here, which will be one of the world's largest such facilities. The factory, to be built by SinoHydro and scheduled for completion by the end of this year, will create 1,300 new jobs. The company listed on the Hong Kong Stock Exchange said 80% of its workforce here ...
-
Haze Muar’s air quality turns hazardous many private kindies close
JOHOR BARU: The air quality in Muar is now hazardous with the Department of Environment's air pollutant index (API) reading hitting 337. Schools in the area, however, remained open and there has been no formal announcement from the State Education Department on the matter. However, several private kindergartens in Muar have sent the children home. Some parents have taken to Facebook to ...
-
Highlights Is mal-apportionment pro-rural pro-Malay or pro-Umno
Reset ONE reason why electoral fraud and manipulation have not raised widespread objection is the myth that it is the necessary evil for the Malay-Muslims' political dominance. The bipolar society which Malaya was in the 1950s - with about equal number of Malays and non-Malays - led the Malay nationalists to be highly suspicious of democracy. Thinking in zero-sum game's mentality, like ...
-
Sumatec up ahead of meeting on OG asset buy plan
shares and warrants advanced on Thursday ahead of a shareholders' meeting on the purchase of of oil and gas (O&G) assets in Kazakhstan on Friday. At 9.55am, Sumatec shares rose 3.5 sen to 24.5 sen. There were 11.45 million shares traded. Its warrants, Sumatec-WA rose two sen to 11.5 sen with 5.55 million units done. However, the FBM KLCI fell 11.12 points to 1,761.76. Turnover was ...
-
Malaysias KLCI falls nearly 10 points in early trade
KUALA LUMPUR: Malaysia's FBM KLCI fell nearly 10 points in early trade, reflecting the cautious key regional markets, after the US Federal Reserve said it would begin slowing the pace of its bond-buying stimulus later this year. At 9.02am, the KLCI was down 9.85 points to 1,763.03. Turnover was 66.90 million shares valued at RM21.86mil. There were 35 gainers, 158 losers and 94 counters ...
-
Ringgit falls to 1-yr low at 3.2010 versus US dollar
KUALA LUMPUR: The ringgit fell to a one-year low of 3.2010 against the US dollar in early trade on Thursday. At 9.21am, it was quoted at 3.1991 against the greenback. Bloomberg reported the 1.6% fall to 3.2010 was the most since Nov 1, ...
-
Hong Kong national involved in a train-car accident in Kota Kinabalu dies
KOTA KINABALU: The 50-year-old Hong Kong national who was involved in a train-car accident on Wednesday evening has died. He succumbed to his injuries several hours after the 5.40pm crash at Jalan Lintas while on his way to the Kota Kinabalu International Airport I with three others. The three passengers escaped with minor injuries. Investigations are continuing. Police said initial ...
-
Penang freak storm Only part of Jalan Macalister is open to traffic CM annoyed
on the work being carried out. "Penang Municipal Council (MPPP) have completed their work on the road and it is ready to be opened. "But Umno (JKP) is not done yet. We want to ensure safety of motorist," he said. Lim said Macalister Road was open from Magazine Road junction until Madras Lane while a stretch of about 130m in front of Menara Umno was still cordoned off. Meanwhile, ...
-
US stocks down after Bernanke hints at slowing stimulus
said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough. Equities have been closely tethered to ultra-loose monetary policy, which has been key to the S&P's climb of more than 14 percent so far this year. Benchmark 10-year U.S. bond yields jumped to a 15-month high on expectations the Fed will reduce its bond buying. Bernanke ...
-
Public Invest Research TSH Resources becoming big cap plantation company
(TSH) with a Neutral call and price-to-earnings ratio (PER) derived target price of RM2.34. It said on Thursday though it likes TSH for its young age profile coupled with huge unplanted landbank, it thinks there is limited upside based on its forward PER of 18 times, which is fully reflecting its positive growth next year. "We believe TSH is on the verge of becoming one of big-cap ...
-
CIMB Research ups MY EG target price to RM1.74
by 6%-14% to reflect higher fees for its foreign workers annual permit renewal services. "This increases our target price, which is still based on 18.7x CY14 P/E (20% premium to our target market P/E)," it said on Thursday. It raised its target price from RM1.57 to RM1.74, pointing out MyEG's premium was backed by a solid three-year EPS CAGR of 32%. "Better-than-expected ...
Malaysia Feature
-
Malaysia's 10th MP sets focus on education
On the 10th of June, 2010, the 10th Malaysia Plan was revealed to Malaysia’s news media, outlining what is essentially the government’s budget plans for the next five years. The 10th Malaysia Plan will therefore be in effect during 2011 to 2015. Malaysia is a vast country and the plan is therefore vast as well, a thick and complicated document, but one of the most important aspects of the plans announced in parliament were those that involve the education departments of the country.
Malaysia has an extensive public schooling system, operated under the belief that every child has a right to equal and fair opportunity in the country, a right that is enshrined in the constitution. The government spends around RM 7 billion on public education throughout the country, and in the 10MP, extremely important plans were outlined, aimed at increasing pre-school attendance from 67% of the population currently, to 87% by 2012. Read more
News from around our Network
