Latest Malaysia News
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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, ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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, ...
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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 ...
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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, ...
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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 ...
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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 ...
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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 ...
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Malaysian equities to face selling pressure on Thursday
(HDBSVR) expects the Malaysian stock market to see a return of selling pressure on Thursday after the overnight fall on Wall Street. It said the highlight of the US FOMC meeting outcome was that the policymakers see it as appropriate to moderate the monthly pace of bond purchases later this year. The research house pointed out the FOMC would continue to reduce the pace of purchases in measured ...
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New book-keeping rule to priprizese open insurers black box accounts
LONDON: An international bookkeeping regime being unveiled on Thursday will iron out national variants in insurers' "black box" balance sheets although the transition will take several years and the United States will keep its own, very different rules. The International Accounting Standards Board's (IASB) third try at a new rule will be unchanged from the previous draft: ...
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Pakatan MPs will attend swearing-in
Printer Friendly PETALING JAYA: Despite unhappiness over the GE13 results, Datuk Seri Anwar Ibrahim has confirmed that all 89 Pakatan Rakyat MPs will attend the swearing-in of Parliament on June 24. The Opposition leader said that there was a misunderstanding over the matter, as they only decided to boycott the parliament briefing. "We believe in the spirit of parliamentary democracy and ...
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2 Labuan MACC officers kid killed
Labuan: Two MACC (Malaysian Anti Corruption Commission) officers and a two-year-old boy were killed in an accident near the airport traffic light junction at 11.25pm, Tuesday. ASP Mohd Hafeez Buazi and Herman Ahat were in the Toyota GT driven by the latter. Their car slammed into a Kancil from behind ending up in both vehicles being very badly damaged. Hafeez and Herman died on the spot from ...
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Six stolen boat engines confiscated
Kota Kinabalu: Six boat engines were confiscated by the marine police during a four-day Ops Pensura that ended here on June 13. City Marine Police Commanding Officer ASP Safri Anuar Jamin said a total of three boats were also seized together with the engines. "We conducted a special operation to detain and trace those responsible for the rampant cases of stolen boat engines occurring off ...
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Im opposition leader though 5 didnt sign
Kota Kinabalu: Only seven of the 12 Opposition assemblymen have formally notified the House of their decision to make Datuk Lajim Ukin (PKR-Klias) their chief. Assembly Speaker Datuk Salleh Tun Said he had received letters from Lajim as well as five other PKR assemblymen Christina Liew (Api Api), Jelani Hamdan (Matunggong), Roland Chia (Inanam), Terence Siambun (Moyog) and Ukoh@Jeremy Malajat ...
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Airline Special Wonders of Malaysia and its national airline
Family fun on the beach in Malaysia. The country's national airline has opened air routes to more than 150 countries and promises award-winning service to passengers. Provided to China ...
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Assore - Assmang approves ferromanganese joint venture in Malaysia
Assmang approves ferromanganese joint venture in Malaysia, Assmang completed feasibility study to establish financial viability of a manganese alloy smelting facility in Malaysia China steel has approved an investment of usd62.46million to acquire a 19% interest Boards both Assore and arm conditionally approved the project and anticipate commencing onstruction during Q1 2014 Commissioning of ...
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Chieftains handing out dubious titles
ALOR GAJAH: Undang Luak Naning, a customary chieftain in Malacca, is handing out scores of unrecognised Datukships and other titles to people. And he is complaining that a rival chieftain is handing out "fake" ...
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Nightmare over topless pictures
KUALA LUMPUR: A photography session when she posed topless turned into a nightmare for an aspiring model when she was blackmailed by the photographer. Winnie Ong (pic), 23, claimed the photographer had threatened to expose the pictures unless she sent him nude photographs of herself. Ong recalled that she met the photographer – a well-known 37-year-old freelancer – through friends ...
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Kulim to take New Britain Palm Oil Ltd private
, is planning to make an announcement today to acquire the remaining shares in NBPOL. NBPOL is currently listed on the London Stock Exchange and the Port Moresby Stock Exchange of Papua New Guinea (PNG). NBPOL was traded at £4.77 (RM23.80) with a market capitalisation of £716.5mil (RM3.6bil). At the current price, the cost of acquiring NBPOL could be substantially cheaper, given that ...
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Titles with no standing draw renewed attention
PETALING JAYA: The conferring of awards by territorial heads and self-styled traditional leaders is not a new issue, but it drew fresh attention when congratulatory messages were posted in newspapers. One of them was an advertisement (pic) in a Chinese daily on June 5 congratulating "Datuk" Sebestian Koh, who was given the award Dato Kehormat Undang Naning. Council of Federal Datuks ...
Malaysia Feature
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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
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