Latest Malaysia News
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Petronas Chemicals to decide on Gebeng plant by year-end
expects to reach a final investment decision on its joint venture with Germany's BASF for its plant expansion in Gebeng, Kuantan by year-end. The company has allocated RM3bil for capital expenditure this year and bulk of it would be for its Sabah Ammonia Urea (Samur) project. On April 25, StarBiz reported BASF and Petronas Chemicals Bhd would invest US$500mil (RM1.5bil) to expand their ...
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Alliance Research Neutral on IOI Corp ups TP to RM5.41
, as the stock is fully valued at current levels. It said on Wednesday it raised its target price to RM5.41 from RM4.95 based on FY14 EPS pegging a 18 times price-to-earnings (P/E) which is the group's long term average P/E. "We find the group fully valued at current levels," it said. Alliance Research ...
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Petronas stocks KLK drag KLCI into the red
dragged the FBM KLCI into the red in late afternoon trade on Wednesday. The decline which was a turnaround from the positive outlook in the morning. However, there were no adverse negative news. At 3.18pm, the KLCI was down 5.50 points to 1,781.88. Turnover was 2.05 billion shares valued at RM1.91bil. Declining stocks beat advancers 574 to ...
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Felda fails to get judgment against PKR sec-gen Saifudin Nasution
in its libel suit. Felda had made the application of appearance against Saifuddin as a PKR office bearer. High Court Judicial Commissioner Lee Heng Cheong held that Saifuddin had proven sufficient grounds on why leave should not be given for the default judgment. The judge made the order after meeting the parties in chambers on Wednesday. Saifuddin is one of the seven defendants named by Felda ...
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Hisham says security in east Sabah top priority
's first order of business. "It is what we have promised the people of Sabah whereby Esscomm and Esszone needs to be in operation. "It is something the Defence Ministry and Home Ministry, particularly me ...
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Malaysian FA to investigate match-fixing claim
Police have been urged to protect footballers from bookmakers as the Malaysian Football Association (FAM) prepare to investigate claims of match-fixing in the country's league in a meeting on ...
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AirAsia X sets indicative price for $300 mln Malaysia IPO-sources
KUALA LUMPUR | Wed May 22, 2013 4:26am EDT KUALA LUMPUR May 22 (Reuters) - Long-haul carrier AirAsia X, founded by entreprener Tony Fernandes, has set an indicative price of 1.45 ringgit ($0.48) per share for an initial public offering (IPO) in Malaysia worth more than $300 million, according to sources with knowledge of the deal. The company and its shareholders are offering 790.1 ...
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Malaysia Convention Exhibition Bureau Malaysia Is Hosting Sudirman Cup 2013
Malaysia hosts the world's premiere mixed team badminton championship Sudirman Cup 2013 after years of touring in Europe and China. KUALA LUMPUR, Malaysia, May 22, 2013 /PRNewswire/ -- For the first time in Malaysia, throngs of badminton fans come together to witness the aerodynamic shuttle spins among top players as they battle to emerge champions at the Sudirman Cup 2013 in Putra Stadium ...
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BMW Malaysia eyes 10 vehicle sales increase this year
Reset KUALA LUMPUR (May 22): BMW Group Malaysia Sdn Bhd (BMW Malaysia) aims to increase vehicle sales by 10 per cent this year from the 7,000 units in 2012.Chief Executive Officer Gerhard Pils said that up to April 2013, BMW Malaysia had already sold 2,241 vehicles in the country, comprising the Mini, BMW and BMW Motorrads."Up to April 2013, we had registered a five per cent increase, when ...
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KPJ Healthcare Q1 earnings down 24.7 to RM25m
's net profit fell 24.7% to RM25.09mil in the first quarter ended March 31, 2013 from RM33.3mil a year ago due to losses sustained by the group's newly opened hospitals. It said on Wednesday its topline however increased 4% to RM545mil from RM525.6mil a year ago due to higher revenue from its new and existing hospitals. Earnings per share declined to 4.29 sen from 5.81 sen a year ago. ...
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Dr Ling Only AGM can force Dr Chuas resignation
says only the party's annual general meeting can force Dr Chua to step down. "He was elected by the AGM and only an AGM can tell him to step down," Dr Ling told reporters on Wednesday. Asked what he thought of the 15 veterans who had asked Dr Chua to resign immediately following the party's poor showing in the 13th general election, Dr Ling said "I have no idea who the ...
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More dividends from Pacific Orient
has declared special dividend of 15.17 sen a share and tax-exempt dividend of 3.82 sen per share for each share of 50 sen each. It said on Wednesday the ex-date was June 5 while the entitlement date was June 7. The dividends were for the financial year ending Sept ...
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Boustead Q1 earnings down 30.9 on weaker CPO prices
's earnings fell 30.9% to RM99.9mil in the first quarter ended March 31, 2013 from RM144.6mil a year ago due to lower crude palm oil (CPO) prices. It said on Wednesday its revenue rose 7.3% to RM2.53bil from RM2.35bil a year ago. Earnings per share were lower at 9.66 sen compared with 13.98 sen a year ago. It declared a dividend of 7.5 sen. Boustead said the plantation division was severely ...
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A-G to proceed with case against Riduan Masmud over rape of girl
said they were collecting more evidence, including the DNA report. "We have never dropped the charge against him. "I have directed my officers to gather more evidence and we will proceed with the case," he told reporters here on Wednesday. Gani said he had also asked the Malaysian Anti-Corruption Commission (MACC) to investigate the claim by the 13-year-old victim's father ...
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Four members of Botak Gang nabbed
IPOH: Police have arrested four members of the Botak Gang, believed to be responsible for about 20 robbery cases in Perak, Kuala Lumpur and Selangor. Perak police deputy chief Deput ...
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CIMB Tenaga up as KLCI again eyes 1800
pushed the FBM KLCI nearer the psychological important 1,800 level at midday on Wednesday while small cap oil and related (O&G) counters saw a surge in trading activity. At midday, the FBM KLCI was up 6.54 points or 0.37% to 1,793.92. Turnover was 1.56 billion shares valued at RM1.28bil. There were 395 gainers, 409 losers and 279 counters unchanged. Bloomberg reported Asian stocks held ...
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5 Chinese arrested in Malaysias Kulim over fortune telling fraud
Five "fortune tellers" who have been conning their victims of money by "helping" to rid them of bad luck are themselves in a fix after police moved in on them. Authorities stormed into their hotel room in Kulim and arrested the gang from China, comprising four women and a man, at about 3.30am on Friday. State police chief Deputy Comm Datuk Mohd Shukri Dahlan said the ...
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Malaysia FA Police to Investigate Match-Fixing Claims
(Reuters) - Claims of match-fixing in a Malaysian league fixture will be investigated by the country's Football Association (FAM) and sports minister on Thursday, local media reported, with the police urged to protect players from bookmakers. The second tier Malaysian Premier League match between Kuala Lumpur and Sime Darby was under suspicion, local daily The Star reported. The ...
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IGP Police to set up new Crime Prevention Department
said the new department would focus solely on crime prevention initiatives and efforts. "It is in line with our goal of zero tolerance on crime. "We hope to establish the new department within this month," he told a press conference in Bukit Aman on ...
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Bumi Armada advances to high of RM4.14 on firmer earnings
rose to a high of RM4.14 on Wednesday after it reported a stronger set of financial results for its first quarter ended March 31, 2013. At midday, it was up nine sen to RM4.07. There were 3.49 million shares fone at prices ranging from RM4.04 to RM4.14. The FBM KLCI rose 6.54 points to 1,793.92. Turnover was 1.56 billion shares valued at RM1.28bil. There were 395 gainers, 409 losers and 279 ...
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Health Ministry proposes to extend operating hours of clinics
NIBONG TEBAL: The Health Ministry may extend the operating hours of its outpatient clinics in all public hospitals to help reduce congestion and long ...
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Samchem eyes Vietnam to contribute 30 of group revenue
expects its Vietnam operations to increase its contribution to the revenue from 16.1% in the financial year ended Dec 31, 2012 (FY2012) to 30% in three years. The industrial chemicals distributor said on Wednesday its target was to further expand its Vietnam operations and enlarge revenue contribution. Samchem's Vietnam operations had increased its contribution from 13.9% in 2011 to 16.1% ...
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Malaysias total investments approved in Q1 2013 rises 44 on-year
Malaysia's total investments approved in Q1 2013 amounted to 49.3 billion ringgit (US$16.3 billion), a 44 per cent increase year-on-year.1,244 projects were approved during the period and it is expected to generate close to 42,000 ...
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Highlight Did two million rural voters decide for Malaysia
Reset PETALING JAYA (May 22): Among the election "literature" distributed prior to the 13th general election (GE13) was Tindak Malaysia's analysis of Malaysia's electoral outlook. By virtue of Tindak Malaysia's position as a non-partisan community movement that conducted voter education and election agent training, the analysis was widely circulated via social media. The ...
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BOJ keeps policy on hold Kiuchi proposes looser price target timeframe
TOKYO (Reuters) - The Bank of Japan on Wednesday decided to keep monetary policy on hold, but one board member tried unsuccessfully to loosen the central bank's commitment to achieving its 2 percent inflation target within two ...
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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