Latest Malaysia News
RSS-
China Railway Corp sells US$3.26bil of debt
, the new commercial entity created out of the restructured Railways Ministry, has auctioned its first issue of debt, selling 20 billion yuan (US$3.26bil) of five-year medium-term notes at a yield of 4.5%, traders said. This is the first time China Railway Corp has issued debt since its ministry parent was dissolved in March, following a series of corruption scandals that culminated in the ...
-
IMF chief in court for French arbitration case
PARIS: International Monetary Fund (IMF) chief Christine Lagarde arrived in court yesterday to be questioned by a French magistrate over her role in a 285-million-euro arbitration payment made to a supporter of ...
-
US stimulus pullback hinges on traction signs decision could come at one of ‘next few meetings’
WASHINGTON: The Federal Reserve's monetary stimulus is helping the US economy recover but the central bank needs to see further signs of traction before taking its foot off the gas pedal, ...
More Malaysia News
RSS-
Australias Crown sells $255mil stake in rival Echo
, the operator of Sydney's sole casino, in a block trade to institutional investors. Crown sold its 82.56 million shares for A$264 million ($255 million) at A$3.20 per share, the company said in a statement to the Australian Stock Exchange. The price was a 7 percent discount to the stock's closing price on Thursday. Echo shares fell 12 percent when trading resumed to A$3.04. Crown has ...
-
What does Lockheeds F-35 fighter jet really cost
is developing and building the F-35 Joint Strike Fighter, the Pentagon's most expensive weapons program, for three U.S. military branches and eight international partners. The Pentagon released new cost projections for 78 major weapons programs on Thursday, including the F-35 program which showed the first decline in cost after years of increases and restructurings. The partners who are ...
-
Sears losses mount weighs sale of unit to shore up liquidity
Some on Wall Street saw D'Ambrosio's departure as adding to Sears' risks, and worried that Lampert's lack of retail sales experience could hurt the company's attempt to turn around its core Sears department stores and Kmart ...
-
Copies of Opposition tabloids seized for violating permit
PUTRAJAYA: Some 3,000 copies of tabloids published by the Opposition parties have been seized in a nationwide operation for violating the printing permit. Home Ministry officials have so far seized 1,408 copies of Suara Keadilan, 1,602 copies of Harakah and 70 copies of The Rocket. The seizure was made on Wednesday and more copies are expected to be seized as it is an ongoing operation. The Home ...
-
Three held over May 13 statements
KUALA LUMPUR: Police arrested three opposition figures under the Sedition Act while the Home Ministry seized some 3,000 copies of Opposition party organs as the authorities moved to put a stop to alleged attempts to overthrow the Government through street protests. PKR ...
-
Rally organisers told to adhere to Act or face the music
. He said organisers of mass rallies should respect the law and not create chaos because there was a "silent majority" among the people who did not agree with these ...
-
Umno leaders back police action against those who utter seditious remarks
PETALING JAYA: Umno leaders have commended the police for upholding the law in arresting people found to have infringed the Sedition Act 1948. Supreme council ...
-
Thousands throng thanksgiving rally by DAP
PETALING JAYA: The rally organised by the Federal Territory and Selangor DAP to thank the rakyat for their support during the general election drew thousands. It was a peaceful gathering as the crowd, mostly dressed in black, calmly listened to speeches by leaders including DAP adviser Lim Kit Siang, DAP publicity chief Tony Pua and Seputeh MP Teresa Kok. A recording of PAS ...
-
Set aside differences Malaysians told
has called on all Malaysians, regardless of race or ethnicity, to come together as one. He said Malaysia was growing steadily towards Vision 2020 and stressed that it was possible to achieve it only if the people were united in times of peace and difficulties. "There will be many obstacles for us to overcome in the next few years but I am confident that we as a nation can do it," he ...
-
Air Asias Tony Fernandes to ‘fire up’ investors
This handout picture taken on May 12, 2013, and released by the Malaysia's AirAsia shows AirAsia group chief Tony Fernandes (R) being served by British billionaire Richard Branson (L), who is dressed as a female flight attendant, in the air while flying from the Australian city of Perth to the Malaysian city of Kuala Lumpur. Branson honoured a losing bet by serving as a stewardess with ...
-
Fernandes does his first firing in Apprentice Asia
after a premiere that saw two teams competing to sell fish in their first challenge. The show, which made its debut Wednesday on AXN, saw the 12 contestants being split into two groups of men and women in the first challenge to sell fish at a local market here. Both teams made losses in their sales but the men's group, Team Mavericks incurred a bigger loss. Hence, one of its members had to ...
-
Maybank bullish on growth to expand regionally under new leadership
Malayan Banking Bhd's (Maybank) regionalisation plans are likely to be continued under its new leadership, with Thailand already earmarked as a potential new market, given the right circumstances. ...
-
Adam pleads not guilty to giving seditious speech
KUALA LUMPUR: Student activist Adam Adli Abd Halim has pleaded not guilty in a Sessions Court to a charge of uttering seditious words at the Kuala Lumpur and Selangor Chinese Assembly Hall. Adam Adli, 24, is alleged to have given a seditious speech which could incite Malaysians to change the Government in an illegal manner. When police brought Adam Adli to the dock at 10am, the student shook ...
-
Khazanah appoints Nor Mohamed deputy chairman
, Khazanah said in a statement yesterday. Nor Mohamed will also be appointed chairman of the upcoming Khazanah Research Institute, which will assume the existing functions of the Khazanah Research Division that has been in operation since 2004. The unit will evolve into a ';research institute to provide research and analysis on matters related to Khazanah and the nation’s ongoing ...
-
Lafarge Malayan Cement to finalise next expansion plans by August
expects to finalise its next phase of expansion plans by August, with a focus on the domestic market in tandem with the continued roll-out of construction projects under the 10th Malaysia Plan and ...
-
Large migrant population a security risk to Sabah RCI told
KOTA KINABALU: The presence of large migrant population in Sabah poses a certain security threat to the state and its people, Sabah Police ...
-
Arrest of Opposition figures not political say cops
PETALING JAYA: The police have slammed critics of the arrest of Opposition figures and activists, stressing that it was not politically motivated. Inspector-General of ...
-
Daibochi expanding exports to S-E Asia and Australia
said this was in light of the new sales orders, which were expected to materialise in the second half of the year. ';The overseas sales typically constitute 40% of group revenue. Equipped with the knowledge and experience, we are certainly building on our positive reputation to expand our footprint even further in regional markets,'; he told Bernama after the company’s AGM. He ...
-
Pakatan uncowed by seizure of party organs
PETALING JAYA: PKR has insisted that it would not be intimidated by the confiscation of copies of Suara Keadilan and other party organs from shops and distributors nationwide by the Home Ministry. ...
-
TDM to expand plantation and hospital ops
is aiming to increase its plantation size by nearly 30,000ha to 70,000ha and also triple its hospital operations by 2018. The group said in a statement that it aimed for planted oil palm land to total 70,000ha from the current planted area of 40,518ha. ';As our land in Terengganu is fully planted, Kalimantan is the next growth area to drive the group’s plantation business. ';We ...
-
Axiata declines to confirm or deny that it is bidding for Indonesian telco
, was valued at about US$1bil (RM3.02bil), debt included. Azman noted that the group had had a good AGM, with all resolutions being passed on an improved financial performance to boot. "We're now the third largest company, with RM59bil in market capitalisation," he said. According to data from the stock exchange, Axiata is currently the third largest company, in terms of market ...
-
Danajamin names non-exec director
, the country's financial guarantee insurer, has appointed Cheah Tek Kuang as an independent non-executive director, for a three-year term, effective May 20. Cheah was group managing director ...
Kuala Lumpur Spotlight
-
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
News from around our Network
