Latest Malaysia News
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Company said to have won contract under 1Bestarinet project
has secured a contract to build the telecommunications network and infrastructure to facilitate the wiring-up of schools in Sarawak under the Education Ministry’s 1Bestarinet project, said sources. The infrastructure project is worth some RM200mil to Instacom. However, it is unclear what kind of profit margins the company would be getting from this, considering it is playing a ...
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SFSS set to be largest shareholder of Bintulu Port
, will take up the block of shares at RM6.65 each. The money from the placement exercise will be used by BPHB to part-finance the Samalaju Port project. SFSS, the Sarawak government’s investment vehicle, will have its stake in BPHB raised to 39.72% from 30.65% upon completion of the exercise. At BPHB’s EGM here yesterday, non-interested shareholders voted to approve the resolution on ...
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Northport buys two new quay cranes
, has taken delivery of two new quay cranes for its container operations. The cranes are part of six new ones purchased by the port, at an investment of more than RM170mil, to increase its terminal handling capacity. In a statement, Northport said it currently had a total of 26 quay cranes for its sea-side operations, and that these cranes would bring the total to 28. — Bernama It said the ...
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Bursa Malaysia closes on Friday
KUALA LUMPUR: Bursa Malaysia and its subsidiaries will be closed next Friday in conjunction with the Wesak Day holiday. All operations will resume on May ...
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Well-planned land transport network can boost Greater KL area
A SOUND and well-planned rail network inclusive of the upcoming Klang Valley Mass Rapid Transit (KVMRT) Line 2 will form the spinal cord of Kuala Lumpur’s public transportation system that will not only improve the liveability of the Greater Kuala Lumpur (KL) dwellers, but more importantly support the sustainability of the city’s future development. In recent years, the ...
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Will MRT Line 2 go on as planned Gamuda MD sees timing of approval as crucial for smooth work flow
TO most commuters in the Klang Valley, the sight of barricades and heavy machinery is common along the busy roads of the city. The inconvenience of squeezing roads and the resulting crawling rush hour traffic is the short-term price to pay for the country’s most costly infrastructure project – the Klang Valley My Rapid Transit (MRT) – which is building the MRT line from Sungai ...
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Big challenges for new Cabinet Election promises need to be fulfilled and transformation be on track
THE stock market has shown it likes the results of the general election. It means a continuation of policies that had won investor approval sometime ago. Stocks are up, maybe no more than the bunch of counters from Sarawak. Blue chips have rebounded after election risk was removed. But it’s now time to get down to business with the Cabinet now formed with a blend of old and new faces. ...
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Lessons from ‘The Office’ Sorry if you’re not a fan but the TV series is great for laughing and learning
AFTER nine seasons comprising 201 episodes spread over eight years, US TV series The Office aired its finale on Thursday. A show about employees at a regional branch of a fictional paper company doesn’t sound promising, but the fact that it lasted this long says a lot about the rich characterisation, sharp writing and terrific acting. (This American version was adapted from the original ...
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Paradigm shift – fundamental change in thinking
IN the past, 15-20 years ago, a business strategy or visioning workshop with senior management usually begins with a couple of activities to get the participants into the right frame of mind. The first was to make the point that past and current success does not guarantee future success. Regardless of whether the company is in banking, airline or technology, there are many examples of companies ...
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We are lousy self-evaluators Self-management begins with self-awareness
team on leadership. Our discussion soon drifted around self-awareness. Self-awareness is a key leadership trait. Yet, the biggest challenge faced is evaluating oneself. It may well be the hardest thing in the world. For example, 95% of all parents think their children are above average. More than 98% of us believe that our leadership skill is above average. Most people believe they would be in ...
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The China dream Xi’s challenge is to reduce China to one big bed and assures middle-class Chinese that the nation can remain rich and strong
, general-secretary of the ruling Communist Party as well as chairman of the Military Commission, talked of the ';China dream'; to unite an increasingly diverse nation of 1.35 billion people. What’s Xi’s vision which incidentally sounds somewhat like the American dream?; even evokes Martin Luther King’s ';I have a dream,'; reflecting some US-style ...
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The meaning of one vote in the eyes of a first-timer
So this is what democracy feels like. The sun was brighter than usual and the air a little more electric the day I voted for the first time. The noise level too was a notch higher than your everyday neighbourhood din, which I guess is what happens when the voting centre is right down the road from your home. In my case, it was the ol’ primary school. Lines were already snaking out of yard ...
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Of higher pain threshold
THE only way to tolerate pain is to first be in a place of pain. The only way to run faster is to run fast. Some 33,000 people have signed up for ...
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Buying cheap clothes at what cost
CHEAP goods are always in demand. Otherwise, why do people get excited about annual sales? Being an avid consumer in getting the best bargain especially clothes, I used to be oblivious about where they were made as long as the price was reasonable. There are many things that we care deeply about when getting reasonably-priced clothes such as how we will look in them and probably some people may ...
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Leon Fuat steels itself for expansion Main Market-bound company steps into new era after being a family business for 40 years
is now ready get out of its comfort zone to be a public-listed company in the name of expansion and diversification of its businesses. The company is en route to a listing on the Main Market of Bursa Malaysia on June 5. Leon Fuat, controlled by the Ooi family, is primarily involved in the trading and processing of steel products specialising in rolled long and flat products. Its steady business ...
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I-Bhd envisions different shopping experience with CentralPlaza project
is bringing Malaysians a different shopping experience with the planned opening of the CentralPlaza@i-City mall at its flagship property development in Shah Alam. CentralPlaza@i-City’s development will offer shoppers looking for an alternate experience with a Thai flavour away from most of the retail offerings found in the country today. ...
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Big role for Daya Offshore in OG CEO Midgley plans to make the company the largest contributor to Daya Materials’ earnings
, is a man in a hurry. Organic growth isn’t what he has in mind. This former oil and gas commercial diver has huge ambitions for DOC and is resolute in making it the largest contributor in terms of earnings for its parent ...
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Making money from malls Hektar REIT quietly carving a niche market
SAFE havens like real estate investment trusts (REITs) are always in demand during tumultous times, but let’s face it, it will never be as sexy as growth and penny stocks. In fact, the instrument itself was never attractive but just stable until the emergence of mega REITs that dominated the local scene. One of these local REIT ...
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Economy to grow stronger in Q2 ETP will boost 2013 GDP growth to around 5 says Credit Suisse Securities MD
KUALA LUMPUR: Malaysia’s economy will grow stronger in the second half this year, driven by the removal of the political uncertainty and the Government’s firm economic policy, ...
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Apple seen losing its innovation magic by 71 in global poll
, the world’s most valuable technology company, has lost its edge among investors, according to the latest Bloomberg Global Poll. Hedge funds sold large stakes of the iPhone maker’s stock in the first ...
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Differing views on ecomomic outlook Domestic demand deemed to be engine of growth
THE differing views on the outlook of the Malaysian economy for this year shows how uncertainty is still gripping the global economy and has not provided a clearer picture on how things will turn out in the following quarters. The more cautious economists will prefer to wait for indicators such as factory output, regional purchasing managers’ indices and exports in the months of April and ...
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Bulls in full control
REVIEW: Strong spilt-over buying momentum drove Bursa Malaysia sharply higher at the start of the new week, with the FBM Kuala Lumpur Composite Index (FBM KLCI) jumping 10.51 points, or 0.59% to 1,782.89. Interest was broad-based, led by the blue chips on foreign funds support. Elsewhere, second and lower liners enjoyed brisk business amid greater retail participation due to easing political ...
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PPB Group chalks up higher Q1 profit and revenue
posted a higher pre-tax profit of RM256.32mil for its first quarter ended March 31, against RM199.65mil a year earlier. Revenue for the period grew 10% to RM763.85mil compared with RM696.96mil previously. In a filing with Bursa Malaysia yesterday, PPB said the higher revenue was mainly driven by better turnover from the flour and feed milling, as well as the grains trading segments. The hike in ...
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Tips to consider when picking a business partner
YOU’RE looking to set up a business. Or perhaps you already have one – but you’re looking to recruit a partner to take your enterprise to the next level. Finding a suitable business partner is different from firing an employee as all decisions concerning the future of the company would have to be shared and discussed. So what should one take into account when finding a suitable ...
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IJM’s Rimbayu project well received
launched phase one of Rimbayu, it generated a lot of interest surprisingly because Rimbayu is located after Kota Kemuning, off the Kesas Highway from Subang Jaya. About 18,000 registered, 2,000 came for the balloting, four times the total units available for sale. Its second phase, to be launched in July/August, will also be sold via the balloting process. There are two things to note from this. ...
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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