Ahmad Zahid Armed forces police collaboration to be strengthened

The Star - Tuesday 21st May, 2013

. "There are currently 17 National Blue Ocean strategies in place and we will be looking at introducing several new measures to further strengthen collaboration between the Home Ministry and Defence Ministry," he told reporters this after attending a farewell ceremony at Wisma Pertahanan here. He said the swapping of ministerial portfolios between him ...

Takeover of bus terminal leads to stand-off

The Star - Tuesday 21st May, 2013

GEORGE TOWN: The Penang Municipal Council's attempt to take over the operations of the Sungai Nibong Express Bus Terminal has led to a stand-off. About 50 enforcement officers from the council and policemen and some 10 staff members of the operator, Aspirasi Utara Engineering (AUE), were engaged in a heated discussion that lasted some 30 minutes from 8.30am at the terminal on Tuesday. The ...

What’s the problem Malaysia

General Sources - Tuesday 21st May, 2013

On May 6 Malaysia re-elected its ruling coalition government, the National Front, to another five-year term after vociferous campaigning and debate on the issue of corruption. In the first of a three-part series looking at whether the election's attention on corruption will produce results, we illustrate the economic impact of corruption. The second part will describe the discussion of ...

Yahoos rise in Asia offsets risk from Tumblr bet

Reuters - Tuesday 21st May, 2013

By Alexei Oreskovic SAN FRANCISCO (Reuters) - Yahoo Inc Chief Executive Marissa Mayer's 721.2 million pounds acquisition of blogging service Tumblr will be a test of her ability to revive the aging Web portal. Luckily for her, her performance may ...

Geographical political factors in drastic rise in Sabah immigrants

The Edge Daily - Tuesday 21st May, 2013

Reset KOTA KINABALU (May 21): Geographical and political factors caused Sabah's immigrant population to rise drastically from 1963 to 2012, the Royal Commission of Inquiry (RCI) On Illegal Immigrants heard yesterday. Sarawak Registration Department director Datuk Abu Bakar Mat said the factors led to arise in the issuance of blue identity cards (IC) to Sabah immigrants over the last 49 ...

Case to be filed vs Msians in Sabah crisis

Asia News Network - Monday 20th May, 2013

Enough documents have been obtained to build a case against the four Malaysians said to be behind the Lahad Datu intrusion earlier this year, said newly appointed Home Minister Dr Ahmad Zahid Hamidi. "We have obtained all the documents against the individuals. "Both the police and the Armed Forces will be having a discussion with the Attorney-General's Chambers on the matter in ...

Alliance Research lowers Affin to Neutral but ups target price

The Star - Monday 20th May, 2013

from "Buy" to "Neutral" but raised the target price to RM4.78 from RM4.13. It said on Tuesday it had rolled over its valuation from financial year 2013 to 2014 and raised the TP to RM4.78 from RM4.13. "We maintain our 5% discount on the uncertainties arising from its potential acquisition ...

MAS flew girl home with doctors certification says CEO Ahmad Jauhari

The Star - Monday 20th May, 2013

flew home a Malaysian mother and her 14-month-old daughter, who were earlier prevented from boarding a flight from another carrier, after getting the doctors to certify that the girl was not a health risk to passengers. Izan Suhaila Mohd Ali, 36, and Mariam Sofea Mohd Reza were held back at Ho Chi Minh airport in Vietnam on Saturday night after their daughter was suspected of having symptoms of ...

Former top judge questions Enforcement Agency Integrity Commission

The Star - Monday 20th May, 2013

has questioned the capability of the Enforcement Agency Integrity Commission (EAIC) in handling complaints related to enforcement officers and misconduct of government agencies. He said Section 4 of the EAIC Act 2009 stated, among others, that the commission was to receive complaints of misconduct against enforcement officers or agencies and to conduct investigation and hearings on such ...

KLCI inches up in early trade boost from PPB Group HLFG

The Star - Monday 20th May, 2013

, but the overall breadth of the market was firm. At 9.09am, the FBM KLCI was up 1.46 points to 1,778.61. Turnover was 174.78 million shares valued at RM94.25mil. Advancing counters beat decliners 301 to 70 or a margin of more than four to one, as retail interest in lower liners and penny stocks rose. BIMB Securities Research said despite the late profit taking on Monday, "we may continue ...

Malaysias Titan seeks up to 130000 tonnes of naphtha

The Star - Monday 20th May, 2013

SINGAPORE: Malaysia-based Lotte Chemical Titan, a unit of South Korea's top ethylene maker Lotte Chemical, is seeking up to 130,000 tonnes of naphtha for July 2013 to June 2014 delivery, traders said on Monday. The volumes are lower than the 200,000 tonnes of full-range naphtha it bought last year for October 2012 to September 2013 delivery at about $2 a tonne premium to Japan quotes on a ...

Maybank KE Research maintains Buy on Gamuda TP RM5.30

The Star - Monday 20th May, 2013

with a target price of RM5.30 which is 16.5 times the 2014 earnings. It said on Tuesday its recent visit to the southern portion of the Klang Valley MRT 1 construction reinforced its positive view that MMC-Gamuda is strongly poised to clinch the project delivery partner (PDP) role and tunneling works for KVMRT 2. Maybank Research said this was because of the high barriers to entry and the joint ...

British PM tells Google and others to play fair on paying tax

The Star - Monday 20th May, 2013

and other business leaders that he expected their companies to pay their taxes in exchange for benefiting from low tax rates. Cameron's intervention came days after British lawmakers accused Google of using "smoke and mirrors" to avoid paying tax, fuelling a debate over corporate taxation that has angered the public and led to calls for a tougher approach from the government. ...

Trading ideas Pos Malaysia BToto Notion Vtech

The Star - Monday 20th May, 2013

(BToto) and Notion VTech to be among the counters to see trading interest on Tuesday. It said Pos Malaysia's quarterly net profit rose 21% to RM32mil with net cash per share rising to RM1.21 as of end-March. HDBSVR said as for B-Toto, it expects the listing of its business trust in Singapore to take place by end-August. Notion Vtech announced the distribution of share dividend (on the basis ...

Yahoo buying Tumblr for US$1.1bil vows not to screw it up

The Star - Monday 20th May, 2013

will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand. The deal, announced on Monday, is a bold bet by ...

Actavis to buy Warner Chilcott in US$5bil stock deal

The Star - Monday 20th May, 2013

for $5 billion in stock to expand its branded drug portfolio, lower taxes and increase profits. The Warner Chilcott acquisition brings two new businesses - gastroenterology and dermatology - and adds additional women's health drugs like branded contraceptives to Actavis, which makes and sells drugs that are no longer under patent protection. This is the second major purchase in the past two ...

RB Launches Twice Daily Flights To Kuala Lumpur

Bru Direct - Monday 20th May, 2013

Bandar Seri Begawan - Effective from May 22, 2013, Royal Brunei Airlines (RB) will begin operating twice daily flights from Brunei to Kuala ...

Malaysia-Market factors to watch on May 21

The Star - Monday 20th May, 2013

announces investment performance for the first quarter of this year, MIDA Sentral, Kuala Lumpur, 2.00 pm (0600). MARKET NEWS > Nikkei slips from 5-1/2-year high on stall in yen weakness > US STOCKS-Wall St ends flat on correction worries > TREASURIES-Prices slip in choppy trading as investors await Fed > FOREX-U.S. dollar retreats broadly on caution before Bernanke > ...

Raytheon to sign US$2.1bil arms sale to Oman

The Star - Monday 20th May, 2013

visits the Gulf state this week, U.S. officials said. One official, who spoke on condition of anonymity, told reporters the company was expected to sign a letter of intent with Oman to provide a ground-based air defense system. The official said the terms were still being negotiated and the deal's value was not yet final. - ...

Wall Street ends flat on correction worries

The Star - Monday 20th May, 2013

NEW YORK: Stocks ended little changed on Monday, with indexes hovering near record levels as concerns about a correction cut earlier gains that had been prompted by news about a flurry of acquisitions. The Dow and the S&P 500 briefly hit all-time intraday highs. Early in the session, investors' sentiment was brightened by a slew of deal news, ...

Report iPhone maker Apple keeping billions of dollars in Irish subsidiaries to avoid taxes

The Star - Monday 20th May, 2013

has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a U.S. Senate report on the company's offshore tax structure said on Monday. In a 40-page memorandum released a day ...

Thai Q1 growth shrinks adds pressure for rate cut

The Star - Monday 20th May, 2013

BANGKOK: Thailand's economy contracted more than expected in the first quarter of 2013 from the previous three months and economists said this raised the chances of an interest rate cut next week to hold down the baht to provide support for the export ...