Latest Malaysia News
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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 ...
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AirAsia wants no further delays in opening of new low-cost terminal KLIA2
Chief executive officer Aireen Omar said the news of the 11-month delay in the opening of the new airport, from the targetted date of June 28, was not a surprise for the frills-free carrier, as it had predicted the delay. "This is what we've always predicted, that the airport would only be ready in the second half of next year. But we hope the April 30, 2014 airport completion deadline ...
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‘Body buried 13 storeys deep’
says the body of Lim Chin Aik is believed to be buried at least 40m or 13 storeys underground and under a 30m-long solid mass of steel-reinforced concrete. Kok Khong said the sheared off length of the lightning arrestor’s concrete section was 38m-long and it had directly impacted the driver’s section. ';It was so great it completely cut off the driver’s section and drove ...
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Nusa Gapurna rejects PKNS offer to up stake in PJ Sentral
’s (PKNS) purchase offer for its 70% equity interest in the asset, on grounds that PKNS did not have any enforceable pre-emption rights. In a Bursa Malaysia announcement, private developer Nusa Gapurna ...
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Striptease queen married five times in search of true love says author
GEORGE TOWN: The late Rose Chan, the country’s undisputed queen of striptease, was a romantic at heart and immensely generous. She preferred to be known as a charity queen, said her trusted confidante and award-winning poet Cecil Rajendra. ';She was a romantic. That was why she married five times. Yes, she had affairs but she longed for a happy marriage,'; added the human rights ...
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‘Divine empowerment’ for Muslim women
KUALA LUMPUR: A conference aimed at empowering Muslim women will be held on June 29. Organised by Mercy Mission Malaysia, the Being ME (Muslimah Empowered) conference would highlight challenges faced by women and focus on seeking divine empowerment from the Quran and Sunnah. It will be held at the Putrajaya International Convention Centre. Mercy Mission Malaysia ...
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AirAsia signs RM27.5bil engine deal
signed a purchase agreement with commercial aircraft supplier CFM International for the purchase of 100 sets of airplane engine. The CFM LEAP-1A and CFM56-5B engines were purchased in a US$8.6bil (RM27.52bil) deal to power the 100 Airbus A320 aircraft it ordered last year. The purchase agreement was signed by ...
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AirAsia X shares worth up to RM1.66 each
has valued it higher at RM1.66. StarBiz reported last week that AirAsia X could raise up to RM1.3bil from its initial public offering (IPO) based on the initial retail price of RM1.45 a share. The IPO is slated for July 10 and is the largest thus far. Chin wrote in her report yesterday that at an indicative IPO price of RM1.45, AirAsia X would be trading at 30.9 times financial year ending Dec ...
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Sabah CM slams assemblymen over poverty eradication efforts
, who told them to ';do their homework first'; before raising issues in the state assembly. During supplementary question time, Chan Foong Him (DAP-Sri Tanjung) and Wong Hung Jun (DAP-Likas) had sought a year-by-year breakdown of details regarding the state government’s poverty eradication efforts since 2009. At this juncture, Musa stood and said: ';Do you know the numerous ...
Kuala Lumpur Spotlight
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City's major raw water project
It’s been in the pipelines for several years, but finally the Pahang-Selangor raw water transfer project has found its feet with an official groundbreaking ceremony held in April of 2010, the facility, when completed, will enable a massive region of the country, including Kuala Lumpur, Selangor and Putrajaya to cope with increasing demand for raw water treatment from industrial, residential and tourism sectors of the economy.
The raw water treatment project is a massive undertaking: a pipeline is to be constructed run from Sungai Semantan in Pahang to the Hulu Langat water treatment facility in Selangor, it will be 44.6 kilometers long, the longest tunnel of its kind in Asia and the sixth largest in the world. When operating at maximum capacity, over 1,800 litres of raw water will be pumped to Selangor and treated for conversion to fresh water, according to Kuala Lumpur news media. Read more
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