Latest Malaysia News
RSS-
STIA Solve Seguntor power woe
Printer Friendly Sandakan: Sabah Timber Industries Association (STIA) called for urgent intervention of the State and Federal Government to look into the continuous issues of power failure, under voltage and Demand Side Management (DSM) in the Seguntor Industrial area. The association in a statement said Seguntor Industrial area is still facing a huge problem in terms of power failure, power ...
-
Nothing to do with the claim CM
Kota Kinabalu: Chief Minister Datuk Seri Musa Aman said the resolved Lahad Datu intrusion incident has no connection with the "Sulu Sultanate" claim on Sabah, but merely an attempt by terrorists to create a security problem in the country, especially in Sabah. He said there were an estimated 200 terrorists who claimed themselves to be members of the "Royal Sulu Sultanate ...
-
CIMB Research upgrades Malaysia’s Small Cap sector to Outperform
said the first quarter 2013 (Q1, 2013) quarterly results for small caps continued to improve from the bottom in 3Q12. It said on Wednesday the FBM Small Cap Index outperformed the KLCI this year, up 28% compared to the KLCI's 4.8% gain. The strongest outperformance was obvious just after the May general elections. "We upgrade the sector from Neutral to Outperform. Although small caps ...
More Malaysia News
RSS-
CIMB Research raises Perisai target price to RM2
has raised the target price for Perisai Petroleum from RM1.90 to RM2 and maintains its Outperform recommendation on the company. The research house said on Wednesday although drilling is a new business for Perisai, the company is making its presence felt by building two jack-up rigs. "These new assets, along with an FPSO vessel, will allow the company to secure stronger growth from FY14 ...
-
Billionaire Icahn seeks US$16bil Dell share buyback
, and private equity firm Silver Lake, and so far shareholders' reaction to two of Icahn's proposals has been mixed. Icahn has said repeatedly that Michael Dell's bid undervalues the company. In an open letter on Tuesday, Icahn gave his latest proposal to shareholders, asking them to vote in new directors who would in turn approve Dell buying back stock at $14 a share. Dell and ...
-
Microsoft says it freed millions of computers worldwide from criminal botnet
said that an assault it led earlier this month on one of the world's biggest cyber crime rings has freed at least 2 million PCs infected with a virus believed to have been used to steal more than US$500 million from bank accounts worldwide. "We definitely have liberated at least 2 million PCs globally. That is a conservative estimate," Richard Domingues Boscovich, assistant ...
-
Kandinsky work sold for for US$21mil but misses the mark
LONDON: Russian painter Wassily Kandinsky's expressionist masterpiece "Studie zu Improvisation 3, 1909" was the highlight and leading indicator for a flat Christie's London Impressionist and modern art sale on Tuesday. The painting fell short of its top estimate and a record for the artist at auction when it sold for just more than $21 million, the world's largest ...
-
Malaysia-Kuwait tie-up to boost Islamic finance training
DUBAI: Malaysia's Islamic finance university and the research arm of Kuwait Finance House will develop training and internship programmes to address growing demand for professionals in the business, officials said on Tuesday. Despite rapid growth over the last several years, the Islamic finance industry lacks a large pool of professionals with both academic and practical knowledge, a ...
-
Nikkei seen rising 51
embarked on radical fiscal and monetary expansionary policies to spur growth, a Reuters poll showed, A gradual economic recovery in the United States, Japan's biggest export market, will also help reignite buying in Japanese stocks after a bout of selling in recent weeks pushed the benchmark index briefly into bear market territory. The Nikkei is expected to rise to 15,700 points by the end ...
-
Saudi prince plans mile-high tower
DUBAI: Saudi billionaire Prince Alwaleed Talal said he is looking at the world's largest cities, including Shanghai, Moscow, London and New York, as possible locations to build a mile-high skyscraper that would be the world's tallest building by far. The prince is inviting Dubai's biggest real estate developer Emaar Properties, chaired by Mohammed Alabbar, to team up with his ...
-
China to resume IPO market at end-July
, vice-chairman of the China Securities Regulatory Commission, told brokerages at a meeting yesterday that "it is almost certain" that the IPO market would resume at the end of next month, the sources, who were present at the meeting, said. - ...
-
IMF approves US$1.27bil disbursement to Ireland
WASHINGTON: The International Monetary Fund (IMF) said Ireland was on track with the conditions of its bailout programme, and disbursed the European country's next chunk of aid on Monday. The IMF, one of a trio of lenders overseeing Dublin's 85 billion euro (US$113bil) bailout, said Ireland's economy grew modestly in 2012 for the second year in a row and employment during the ...
-
Offshore oil sector experiments with remote control
OSLO: Oil and gas companies are moving their control of some offshore platforms to offices on land to cut costs and improve efficiency, but labour unions say such moves reduce safety. Some oil companies already monitor platforms live from land to assist offshore crew. They can also remotely control small unmanned platforms and subsea production units. Now they are starting to control some ...
-
Hong Kong probes HSBC other banks for alleged misconduct
HONG KONG: Hong Kong's de facto central bank said that its investigation into possible benchmark rate manipulation has been extended to include HSBC and a number of other banks. The Hong Kong Monetary Authority (HKMA) announced in December that it was investigating UBS about possible misconduct relating to its submissions for the Hong Kong Interbank Offered Rate (Hibor). "Apart from ...
-
Singapores HDB URA releasing more housing units
SINGAPORE: Three residential sites and two commercial and residential sites will be released by the Housing Board (HDB) and Urban Redevelopment Authority (URA) under the government land sales programme for the first half of this year. In total, they can yield 3,600 housing units. These include two Executive Condominium (EC) sites at Punggol Drive and Yuan Ching Road launched for sale today. The ...
-
Mentally disabled man missing since Sunday
PETALING JAYA: A mentally disabled man from Selayang Baru has been missing since Sunday, and his family wants to see him home safe. Dana Siri HP Daniel, 48, disappeared on Sunday afternoon and was last seen in Selayang Baru heading towards his workplace at Wisma Harapan in Brickfields for a birthday party. Family friend Amy Lyssa said that Dana's colleagues did not see him turn up for the ...
-
Aussie tycoon Tinkler gives up half of Whitehaven stake to lender
for about $285 million to pay down debt to a U.S. hedge fund, easing concern about a forced selldown that had weighed on the miner's value. The U.S. fund, Farallon Capital Management picked up a 9.9 percent stake from Tinkler and entities associated with him, taking its holding in Whitehaven to 16.6 percent, it said in a shareholding notice to the Australian stock exchange. Farallon is ...
-
U.S. says surveillance thwarted New York Stock Exchange attack
WASHINGTON: U.S. intelligence officials on Tuesday identified two of the more than 50 classified cases in which they say National Security Agency eavesdropping helped thwart terrorist plots including a planned attack on the New York Stock Exchange. The other, a San Diego money laundering investigation tied to financing for a Somali militia, is among the 27 cases cited in a Reuters report Tuesday ...
-
Vodafone raises Kabel Deutschland offer after rival bid - report
made a rival bid, Bloomberg reported on Tuesday, citing people familiar with the bid.Bloomberg reported that Vodafone told Kabel Deutschland this week that it would be willing to pay 85 euros a share compared with its initial offer of 80 euros to 82 euros for the German company.Vodafone is said to be studying Kabel Duetschland's books before making an official offer, Bloomberg said.Liberty ...
-
UK parliamentarians call for reckless bankers to face jail
By Matt ScuffhamLONDON (Reuters) - Britain should introduce laws making it possible to jail "reckless" bankers and claw back past bonus and pension awards, an influential panel of lawmakers said on Wednesday.The Parliamentary Commission on Banking Standards, set up by the government last year after Barclays was fined over the manipulation of global interest rate benchmarks, said deep ...
-
UPDATE 1-Dish abandons Sprint bid for now to focus on Clearwire
Tue Jun 18, 2013 7:48pm EDT NEW YORK, June 18 (Reuters) - Dish Network Corp said it would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel in time for a Tuesday deadline and will instead focus on its tender offer for Clearwire Corp . The decision may be good news for Japan's SoftBank Corp , which is also trying to buy Sprint. Satellite TV provider Dish said in a ...
-
Rush to escape storm proves deadly
GEORGE TOWN: Muhameed Selem Tastakhir (pic) and his friend worked hard to get back to their base to escape a storm. Sadly for him, their haste led to his co-worker being killed when tonnes of concrete and metal fell on their gas tank delivery truck. Selem, 34, said he had no inkling of what was about to happen as he was driving towards Menara Umno en route to their base in nearby Tamil Street. ...
-
Peat fires and the ever-repeating haze
IT'S the same old script, year after year. Right around this time, the clear blue skies in parts of our country and a few other countries in the region will turn grey. It is that time of the year when forests are being cleared the easy way by small-time farmers and big-time plantation companies. And so the fires rage on and, aided by the monsoonal wind patterns, bring unhealthy pollutants ...
-
CCTV to shed light on missing hawker
GEORGE TOWN: Police have obtained CCTV footage of the incident in Jalan Macalister to help shed light on the mystery surrounding economy rice seller Lim Chin Aik who is believed to be buried in a crater there. State police chief Deputy ...
-
EPF being courted by mid-cap companies
as a shareholder after the pension fund declared it was looking to put money into some 40 mid-cap stocks. "The market has perked up to this news. Every company wants the EPF to be its shareholder," quipped one investment bank's head of equity capital markets (ECM). To recap, ...
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
