Latest Malaysia News
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Jeffrey Kitingan warns against boycott
KOTA KINABALU: The call by certain groups to boycott Chinese businesses is dangerous for the country’s well-being, said State Reform Party (STAR) ...
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Ongkili seeks to cut down on power disruptions in Sabah
wants to halve the number of power interruptions in Sabah within the next two years. He said that the Federal Government had spent over RM3.3bil on infrastructure facilities to reduce the system average interruption duration index (Saidi), or electricity interruption, in Sabah under the Eighth, Ninth and 10th Malaysia plans. He said the Government had also allocated RM4.06bil on diesel ...
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Chinas bird flu outbreak cost US$6.5bil loss
GENEVA: The H7N9 virus appears to have been brought under control in China largely due to restrictions at bird markets, but caused some $6.5 billion (4.2 billion pounds) in losses to the economy, U.N. experts said on Tuesday. Health authorities worldwide must be on the lookout to detect the virus, the experts said, which could still develop the ability to spread easily among humans and cause a ...
More Malaysia News
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What is the Irish loophole behind iPhone maker Apples low tax bill
's ability to shelter billions of dollars of income from tax has hinged on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. A U.S. Senate investigation has revealed that Apple, maker of iPhones, iPads and Mac computers, had channelled profits into Irish-incorporated subsidiaries that had "no declared tax residency ...
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Ning Baizura It’s not for cheap publicity
SINGER Ning Baizura denied that she was seeking cheap publicity when she held a press conference to show off her first child to the media, Berita Harian reported. She said she only wanted to declare to the world her happiness over her child, Ryan Sky Dalton, who is now three months old. The singer married Omar Sharif Christopher Layton Dalton in January 2008. ';My mum didn’t want me ...
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Vodafone holds back dividend posts largest quarterly drop in revenue
LONDON: Vodafone posted the largest ever fall in its main revenue measure, forcing it to keep a dividend from its healthy US arm to compensate for a slump in southern Europe. The world's second largest mobile operator, at the centre of intense speculation as to whether it will sell its stake in US ...
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Loan sharks making life hell for retiree
KUALA LUMPUR: Liew and his family have been living in fear since his son, Meng Kat, went missing after borrowing money from Ah Longs. The nightmare started for the 64-year-old retiree and his family when his eldest son, who had not come home in four years, suddenly showed up at their Jinjang Utara home on March 19. "He told me that he had borrowed a lot of money from loan sharks and he had ...
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Benefits lost because of bickering among Indians says Tamilselvam
has cited bickering among the Indian community as the reason why it lost most of the benefits and incentives in the past 56 years, reported Makkal Osai. The community, he said, could have been on par with the others if it had started to receive and make use of the benefits. Social problems involving the Indian community had also increased tremendously due to the lack of job opportunities and the ...
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Male Singaporean singer gets boob job
ONE-TIME Singaporean singer Kurt Tay, 27, shot to fame after he had breast augmentation surgery in Bangkok, reported Sin Chew Daily. Tay, who is known for releasing only one song previously and taking out a full-page advertisement about himself in a magazine last year, spent S$4,100 (RM10,250) on 395ml of silicon implants. He also uploaded a video on YouTube to show off his new figure. The ...
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Report Apple kept billions of dollars in profits in Irish subsidiaries to avoid taxes
has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a US Senate report on the company's offshore tax structure said. In a 40-page memorandum, the Senate's Permanent Subcommittee on Investigations identified three subsidiaries that have no "tax residency" in Ireland, where they are incorporated, or in the United States, ...
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Malaysia knocked out of Sudirman Cup
KUALA LUMPUR, May 22 - Malaysia’s campaign in the Sudirman Cup 2013 came to an abrupt end when they lost 2-3 to Germany in the second Group match at Stadium Putra, Bukit Jalil here today. It was the second loss for the national squad after losing by the same score to Group C champions Taiwan and thereby snuffing out Malaysia’s hope to qualify for the quarter-finals tomorrow. In the ...
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EPF invests more abroad
has invested US$1.3bil (RM3.91bil) more overseas in global real estate, bonds and equities for the first quarter ended March 31 as part of its diversification strategy to expand its investments abroad. The EPF said in a statement its overseas exposure stood at 17.55% of its total investment cost at the end of the said quarter. The pension fund is allowed to invest up to 23% of its investment ...
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What is integrated talent management
WHAT does the term "integrated talent management" mean to you? Suppose your answer is something like this "Well now, let's see I should know something about management, after all, that's what they call me! Talent that must be something about all those university graduates they recruit, I suppose? And, integrated well, that sounds like something I used to learn about in ...
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Bad behaviour spreads to oil market
WHISPERS of oil price manipulation are travelling fast down the hallways of the world's oil markets. After a short silent spell, the oil market sprang a surprise via the double raiding of niche trading house Argos and price fixing agency Platts. Dutch trading house Argos Energies, a mid-sized trading company that deals in physical oil products and owns storage facilities, was visited by ...
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4As eyeing FODM conference in Thailand next year
PETALING JAYA: The Association of Accredited Advertising Agents Malaysia (4As), which has the Future of Digital Marketing (FODM) rights for Asia for three years, is looking at holding the conference in Thailand next year. "We can do it as a single event next year or as a circuit comprising both Kuala Lumpur and Bangkok. It depends on the response to the conference in Kuala Lumpur next ...
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San Miguel keen to keep bank unit if CIMB walks away from RM905.55mil deal
, walks away from a deal worth nearly US$300mil (RM905.55mil) for a 58% stake in the bank, its president said yesterday. Ramon Ang, San Miguel president, told reporters that CIMB was expected to make a decision within the next week or two on whether to pursue its plan to acquire a majority of the ...
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Mida Investments up 44 to RM49.3bil in first quarter
KUALA LUMPUR: Malaysia was the beneficiary of a 44% year-on-year (y-o-y) increase in investments to RM49.3bil in the first quarter of 2013, according to the Malaysian Investment Development Authority (Mida). The Government ...
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MDeC eyeing at least RM1.5bil new investments
, which expects Malaysia's Multimedia Super Corridor (MSC Malaysia) to continue with its stellar growth momentum in 2013, is targeting total new investments to average between RM1.5bil and RM2bil. ...
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AmInvest aims to grow assets to RM40bil
, is targeting to grow its assets under management (AUM) by some 20% to RM40bil by the end of its financial year to March 31, 2014, from RM33.3bil now, ...
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Green Packet ready to sell some assets
is ready to sell some of its assets as part of its strategy to improve its financials, said its head honcho. "We want to monetise some of our assets and are open to various options," ...
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Plantation player TSH sees breaching 50000ha by year-end
, is expected to achieve a significant milestone - breach the 50,000ha of total oil palm planted area - by year-end. As of last year, its total oil palm planted area was 46,500 hectares. "This is an important milestone for us after so many years of hard work. "The group has been growing its plantation land bank size rapidly over the last five Araceli Roiz years. "And most ...
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Perdana ‘super clean’ now will sell all old vessels following RM68mil loss writedown
, which is currently bidding for some RM1bil worth of contracts locally, has completed cleaning up its books, writing down a total of RM68mil in impairment loss for old vessels over the past two ...
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Dayang gets RM2bil Shell job
has been the favourite pick of several research houses which expect the company to secure more contracts under the Pan Malaysia hook-up and commissioning project reported to be worth RM8bil to RM10bil. On May 6, wholly-owned subsidiary Dayang Enterprise Sdn Bhd received a letter of award ...
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Tune Ins doubles Q1 income
has almost doubled its net profit for the first quarter financial year 2013, recording RM13.9mil, a 98.5% jump compared with RM7mil in the same period last year. The higher profit was mainly due to the consolidation of its subsidiary’s profit and better general reinsurance business. Its revenue also increased to RM86.7mil, a 416% increase from RM16.8mil due to the higher gross earned ...
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CIMB Q1 profit advances 37
recorded a 37.1% increase in net profit to RM1.38bil for its first quarter ended March 31, compared to RM1.01bil achieved in the previous corresponding period. Revenue climbed by 21.2% to RM3.94bil from RM3.25bil previously. "On an operational basis, we had a decent start to the year, with steady growth across most business segments. The first-quarter 2013 results were glossed by the gain ...
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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