Latest Malaysia News
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EPF being courted by mid-cap companies
as a shareholder after the pension fund declared it was looking to put money into some 40 mid-cap stocks. "The market has perked up to this news. Every company wants the EPF to be its shareholder," quipped one investment bank's head of equity capital markets (ECM). To recap, ...
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Airsoft guns are easily available online
PETALING JAYA: Airsoft guns are fast gaining popularity in Malaysia, especially among those who enjoy tactical wargames. Airsoft weapons are new generation BB (bird bullet) guns, a type of air-powered gun designed to shoot projectiles. The AEG (airsoft electric gun) and accessories are sold together with other military-like gears and tactical equipment that come complete with holsters and ...
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Boy nabbed for buying air rifles
IPOH: He's just 15 and still a schoolboy, but with a liking for guns. He ordered five air rifles complete with ammunition online. But they didn't get past the post office. The secondary school student was arrested after the Ipoh post office found the five air rifles with the brass pellets that he had ordered without an import permit. The Perak Customs Department seized the rifles worth ...
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1MDB hopes to raise RM3.2bil from power assets IPO
hopes to raise some US$1bil (RM3.2bil) by spinning off its power assets in an initial public offering (IPO) next year, according to a Dow Jones newswire report. The funds were necessary to pare down debts incurred for its purchase of utility companies belonging ...
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Astro aims to boost user base to 3.6 million by year-end
Astro Malaysia Holdings Bhd expects its average revenue per user (Arpu) to grow by 5% to 6% this year in tandem with the country's gross domestic product growth, as the nation's leading pay-TV player pushes more content in a crowded marketplace. The broadcaster also expects to grow its user base from 3.58 million to 3.6 million by the year-end, said chief commercial officer Liew Swee ...
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Four times as many hotspots in Sumatra now
KUALA LUMPUR: In just one week, the number of hots spot in Sumatra, Indonesia, has more than quadrupled from 46 to 187. With the westerly wind during the south west monsoon season, the haze situation looks set to worsen in Malaysia. According to the Meteorological Department, the south west monsoon season, forecast to last until September, was expected to bring drier and hotter days with ...
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Many taking precautions against haze
KUALA TERENGGANU: Residents of Kuala Terengganu are not taking the haze lightly and some are already taking the necessary precautions. Contractor Mohd Abdul Khafid Ahmad Rozi, 30, said yesterday, besides the hazy skies, the heat in the city has also been sweltering over the past few days. "The haze is not that bad here, although I heard it's worse in other towns in Malaysia. "But ...
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MAHB sets May 2 2014 as KLIA2 revised opening date
has announced a revised opening date for KLIA2 – May 2, 2014. The airport operator said it had received confirmation from the contractors of the terminal building – the UEMC-Bina Puri joint venture – that construction would be completed on April 30, 2014, including the securing of the Certificate of Completion and Compliance and the Operational Readiness and Airport Transfer. ...
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AirAsia bags prestigious awards again
bagged the World’s Best Low-Cost Airline and Asia’s Best Low-Cost Airline titles at the 2013 World Airline Awards here. AirAsia’s low-cost long haul affiliate ...
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Vehicle sales down for 2nd consecutive month
KUALA LUMPUR: Total industry volume (TIV) for vehicles declined for the second consecutive month with May's sales volume lower than April's by 2,855 units or 5.4%. According to the Malaysian Automotive Association (MAA), sales volume in May slid by 8,667 units or 15% from a year ago. "This is largely due to consumers adopting a wait-and-see attitude due to uncertainties in the ...
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2014 Budget set for Oct 25
in announcing the date also said a Fiscal Policy Committee had been set up aimed at reducing fiscal deficit, strengthening public finances and ensuring the nation's long-term fiscal sustainability. Najib, who is also Finance Minister, said he would chair the committee which would include selected Cabinet ministers and heads of departments. "This committee will be served by a fiscal ...
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Crackdown on ranger agency
said the group, known as the Malaysian Special Ranger Agency (MSRA) was illegal and that action will be taken to disband the group following complaints that it was illegally carrying out law enforcement activities. "We will not tolerate any group posing as a law-enforcement agency and victimising the ...
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Mokhzani No conflict of interest in Kencana Capital-Yinson deal
. "There's no conflict. There have been no reports of a conflict of interest. I haven't seen any," Mokhzani said on the sidelines of the Perdana Leadership Foundation CEO Forum 2013. Mokhzani is also a non-independent executive director and executive vice-chairman ...
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Malaysia Marine and Heavy Engineering keen on Petronas Rapid project
said that the oil and gas fabricator had the capability to take on some of the works in the project. MMHE is an indirect associate of Petronas via its 62.6% stake ...
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Some rogue rangers have gone overboard with enforcement says officer
JOHOR BARU: A member of the Malaysian Special Ranger Agency (MSRA) has insisted that the group is legitimate but admits that some rogue members have gone overboard by conducting enforcement activities. An MSRA enforcement officer, who wished only to be known as Lim, said that the agency was formed to perform a similar role as Rela and had no authority to arrest or take action against anyone. ...
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Illegal music download website silenced
PUTRAJAYA: An illegal music download website was crippled following the arrest of the operator of www.jiwang.org (JWG), in what is considered the first online music piracy raid in Malaysia. A team led by the Domestic Trade, Cooperatives and Consumerism Ministry caught the suspect during a June 11 raid in Kubang Kerian, Kelantan, where the suspect was operating out of his house. The ...
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Perlis has yet to transfer water assets to PAAB
. ';They (Perlis) have signed the agreement. They need to corporatise their water supply department before transfering it to PAAB,'; he said on the sidelines of the Perdana Leadership Foundation CEO Forum 2013. So far, six states have signed water restructuring deal with PAAB, including Perlis. In May 2012, the Perak Water Board had inked an agreement with PAAB that would see ...
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Cops closing in on JI splinter cell
PETALING JAYA: Police are clamping down on the Tanzim Al-Qaeda Malaysia group which is believed to be a militant splinter cell of regional terror group Jemaah Islamiyah (JI). Tanzim Al-Qaeda is believed to have links with other terror groups based in the Middle East, including in Syria. Already in custody are former Internal Security Act detainee Yazid Sufaat, 49, and cafeteria helper Muhammad ...
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Malaysian entries in Cannes Lions shortlist
CANNES: Cannes Lions International Festival of Creativity has held the first of its four awards ceremonies that saw the winners of the Creative Effectiveness, Direct, PR and Promo & Activation Lions categories announced. So far there has been no Malaysian winner at the week-long advertising festival which began Sunday, though Ogilvy Malaysia’s Twisted Football campaign ...
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Police nab three robbery suspects in quick response action
NIBONG TEBAL: Swift action by the police saw three out of four suspects nabbed some 16 hours after they allegedly committed two robberies in town here and in Sungai Bakap. South Seberang Prai OCPD Supt Shafien Mamat said two of the suspects, who were hiding in the hall area of a double-storey terrace house in Taman Impian Jaya, Bukit Mertajam, were caught at 4.10pm yesterday, while the third ...
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Ahmad reappointed MRB chairman
has been re-appointed Malaysian Rubber Board chairman, the Plantation Industries and Commodities Ministry announced yesterday. He will serve in the post between June 15 and June 14, 2015 to provide continuity to the board’s implementation of strategies and action plans. The ministry hoped the re-appointment would enable Ahmad to lead the board to greater success, further develop the rubber ...
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Subramanian named non-exec chairman of AirAsia India
said he was delighted to welcome Ramadorai, a giant in the Indian industry as the chairman. "He is an exceptionally experienced executive with a proven track record of building and grooming dynamic, young and energetic teams. "His ability to upscale will be critical as we grow the business and we look forward to the additional perspective and expertise he will be able to share as we ...
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More effort needed to attract foreign direct investment due to stiff regional competition
KUALA LUMPUR: While Malaysia has been doing well in attracting foreign direct investment (FDI), the country needs to step up its efforts in view of aggressive competition not just regionally but also from developed markets. "Developed markets are looking for FDI and the same goes for emerging markets. Myanmar, Vietnam and Indonesia are some of the aggressive rivals. "They have been ...
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Ahmad Zahid Many foreign workers did not settle their medical fees
. He said many foreigners did not settle their medical bills at public hospitals. Due to this, the Government would review policies for insurance packages and medical coverage for such ...
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The Stars Bid Win roadshows to kick off from Friday
PETALING JAYA: The Star's Bid & Win roadshows will kick off in several malls around the country from Friday. This weekend, the roadshow will head up north to Queensbay Mall in Penang while readers in Malacca can check out the booth at Dataran Pahlawan Megamall. Those in the Klang Valley can visit the promotion booth at Bangsar Shopping Complex. There will also be roadshows at 1st Avenue ...
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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