Latest Malaysia News
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Prime Minister to address global women conference
is scheduled to deliver the opening address at a landmark global gathering Women Deliver 2013 Conference at the Kuala Lumpur Convention Centre (KLCC) here next Tuesday. Malaysia is the first Asian country to be given the honour to host the global conference, which was previously held in London and Washington. According to a statement from the conference’s Malaysia Media ...
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Sabah security is new Defence Minister’s priority
, who will look into the East Sabah Security Command (Esscomm) and the Eastern Sabah Safety Zone (Esszone) as his first order of business. ';It is what we have promised the people of Sabah in which the Esscomm and Esszone need to be in operation. ';It is something that both the Defence and Home Ministries – myself ...
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Gerakan may accept government positions
KUALA LUMPUR: Gerakan, which has decided not to hold any Federal Government position after its dismal showing in the general election, will look into the matter again following objections from within the party. The party's ...
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EC gazettes official GE13 results
said. Following the gazetting of the results, electoral candidates and political parties dissatisfied with the outcome had 21 days to file their objections or petitions. "The 21-day period begins from May 23," he said in a statement yesterday. The petitions could be filed at the High Courts in the respective states, he added. EC ...
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Mind-blowing feats by mental giant
PETALING JAYA: Without any hesitation, West Wong Woon Chieng mentally calculated and gave answers to additions of 10 two- and three-digit numbers. Media personnel using calculators to confirm his answers found that he got them all right except for one, which he managed to re-calculate correctly. ';We could not even type the numbers on our calculators fast enough, much less compete with the ...
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Petronas Chemicals Group to invest RM3bil in capital expenditure
is looking to invest RM3bil in capital expenditure (capex) this year, and hopes to reach a final investment decision (FID) on the expansion of its plant in Gebeng, Kuantan by year-end. "We are hoping to get the FID by year-end and the plant should be operational by ...
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Only AGM can tell Chua to quit says Ling
. "He was elected by delegates at an AGM and only an AGM can tell him to step down," he told reporters after a press conference on the Ninth Malaysia Festival of the Mind here yesterday. Asked about the 15 party elders who had asked Dr Chua to step down immediately following MCA's poor performance in the May 5 general election instead of waiting until party polls later this year, ...
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Aeon director GST won’t affect group
said, as a result, there could be some cyclical effect on the consumption patterns of consumers ';for a while.'; ';But we expect it to normalise soon after,'; he said after a shareholders’ meeting. It had been reported recently that Malaysia should be able to rake in up to RM27bil in income if the GST was implemented at 7%, a rate similar to that of Singapore. However, ...
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PKR mulls postponing party polls
said the political bureau had discussed the suggestion to put off party polls. "We just went through a big battle in the general election, and having the elections in November may be too soon as they take up a lot of time and energy. "There are views within the leadership to reconsolidate our support base and to close ranks first maybe that could be reason enough to postpone our ...
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PSM to review ties with Pakatan after GE13 losses
PETALING JAYA: Parti Sosialis Malaysia (PSM) is set to review its ties with Pakatan Rakyat after its losses in GE13 due to the alleged underhand tactics against their candidates. "The issue will be brought up for discussion at our annual congress on June 28. "We are leaving it to our members to decide if we should continue ties with Pakatan," ...
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April CPI up 1.7 on higher food prices
PETALING JAYA: The consumer price index (CPI) for April rose 1.7% to 106.3 from a year ago mainly due to a 3.8% increase in the food and non-alcoholic beverages index. For the January to April period, the index was up 1.5% to 106.1 on a year-on-year basis while compared with March, the index inched up 0.1%. ';The index for food and non-alcoholic beverages and non-food for April showed ...
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Weak CPO prices hit Boustead profit
's net profit for the first quarter ended March 31 slipped to RM99.9mil compared with RM144.6mil a year ago on lower crude palm oil (CPO) prices impacting its plantation division. However, group revenue soared to RM2.5bil from RM2.3bil last year. For the period under review, earnings per share was 9.7 sen while net assets per share stood at RM4.53. It has declared a dividend of 7.5 sen, ...
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DAP accepts polls outcome
JOHOR BARU: The DAP accepts the outcome of the general election although it feels there are weaknesses in the electoral system, party adviser Lim Kit Siang said. "The election result shows that there are weaknesses in the country's democracy system. "However, DAP will continue to uphold the party's principles and fight for democracy through a peaceful manner," he told ...
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MAEI sees 3-4 rise in electrical electronics exports
KUALA LUMPUR: The Malaysian American Electronics Industry (MAEI) expects a 3% to 4% increase in total electrical and electronics (E&E) exports by its members to RM49bil this year. Semiconductor exports worth RM30bil would comprise the bulk of the total exports with the global electronics industry seeing positive growth in the second half of this year, it ...
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Report AirAsia X sets indicative price for IPO
, has set an indicative price of RM1.45 per share for an initial public offering (IPO) in Malaysia worth more than US$300mil (RM930mil), according to sources with knowledge of the deal. The company and its shareholders are offering 790.1 million shares, with 75% of the offering coming from new shares, according to the terms seen earlier. The deal is slated to be priced on June 24, with its debut ...
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Opposition holds first Kedah post-polls rally
ALOR SETAR: The Opposition held their first mass rally here after the Barisan Nasional took back the Kedah state government from PAS in the just-concluded general election. PKR ...
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Police Shaharuddin murder not linked to car smuggling ring
last month might be linked to a luxury car smuggling syndicate. "The reports are just mere speculations," said city CID chief Senior Asst ...
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Cahaya Mata Sarawak to invest in grinding plant
said the tender for the proposed new plant to be sited next to the group's clinker plant in Mambong near here would be called soon. "Fast track construction of the plant is expected to start end of the year and it will commence production in late 2015. "The plant will give us an additional one million tonnes per annum," he told StarBiz after the company AGM yesterday. CMS, ...
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Student activist Adam Adli may be charged today
PETALING JAYA: Student activist Adam Adli Abd Halim is expected to be charged at the Sessions Court in Jalan Duta when his remand period ends today. City CID chief Senior Asst ...
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Star to leverage on new fast-growing businesses
will leverage on its new and fast-growing businesses to burnish its position as Malaysia’s top integrated media group. ';The Star is still the No 1 English paper in Malaysia, while The Star Online commands the largest audience among the local news portals. But expanding our digital presence is key. ';We are selling our content on a multimedia platform,'; executive director ...
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Chromebook to help rural pupils leapfrog into parity with urban peers
KUALA LUMPUR: It is not impossible for students living in rural areas to be on par with their urban counterparts when equipped with the right ...
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No plans for MBO says Vincent Lee
has reiterated that there are ';no plans at all'; for a management buyout (MBO) of the company. ';An MBO would be difficult as the MCA is governed by the central committee. Such a move would also have to go through an EGM and obtain the approval of the majority of members,'; he told reporters after the company AGM yesterday. Executive director and group chief ...
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Bumi Armada shares rise after a strong Q1
shares rose to a high of RM4.14 yesterday, following news flows of its strong first-quarter results. The shares rose to an intraday high of RM4.14 after the floating production, storage and offloading (FPSO) operator reported a 22% year-on-year increase in net profit to RM109.7mil on the back of increased activities in its FPSO, offshore support vessel, and transport and installation services ...
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Scomi active as CEO raises stake
upping his stake in the company via the open market a few days ago. Yesterday, Scomi gained one sen or 2.41% to 42.5 sen, with 64.4 million shares being traded after filings with Bursa Malaysia showed that Shah Hakim had purchased 1.42 million shares in the open market. He bought 950,000 shares on Monday at 42 sen, and another 470,000 shares at 42.1 sen on Tuesday. He currently holds a 12.17% ...
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Free entry to MATTA Fair in Penang
said the three-day event from July 5 to 7 at Penang Times Square would also feature national exhibitors, particularly from Kuala Lumpur. "We will be bringing all the attractions that made the KL MATTA Fairs popular over to Penang. Visitors can expect a lot of new deals as well as better packages and prices," he said during a launch reception here yesterday. The fair will have 190 ...
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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