The Malaysian Pulse
Beat of the Nation
Sun, 20 Oct 2019, 9:57 PM
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Key challenges for Jokowi in second term
JAKARTA: Indonesian President Joko Widodo started his second five-year term on Sunday pledging faster infrastructure development and more investment...
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China's Xiaomi says plans to launch more than 10 5G phones next year
WUZHEN, China: Chinese smartphone maker Xiaomi Corp plans to launch more than 10 5G phones in 2020, CEO Lei Jun said on Sunday, adding that the mobile...
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Minister: Target of RM2.5m in sales for DesaMall programme achievable
PUTRAJAYA, Oct 20 — The Rural Development Ministry (KPLB) is confident that its sales target of RM2.5 million for the [email protected] online sales programme by year-end is achievable.
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Fama to train 1.2 million Malaysian ‘asnaf’ youths to become entrepreneurs
LUMUT, Oct 20 — The Federal Agricultural Marketing Authority (Fama) is targeting to train 1.2 million new entrepreneurs from ‘asnaf’ (eligible tithe recipient) families under the youth online ma...
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South Korea downgrades this year's growth target to 2%
SEOUL: South Korea's finance minister said economic growth this year is expected to be around 2.0-2.1%, in line with projections by key international organisations but...
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TradingView: Impact of trade war, policy changes on 3Q corporate earnings
WITH the 3Q earnings picking up pace, the results will give investors some insights on how the geopolitical and macroeconomic headwinds affected companies’...
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Reform doesn’t have to cost votes
ECONOMIC reforms are often painful in the short term and hence unpopular, but does that mean reform-minded leaders always pay a price at the ballot box?
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Lufthansa cabin crew union stages all-day strike at smaller airlines
FRANKFURT, Oct 20 — German flight attendants’ union UFO today said it would stage an all-day strike at smaller German divisions of airline group Lufthansa in an escalating row over workers’ pay ...
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China’s next commercial rockets to make test flights in 2020, 2021, reports Xinhua
BEIJING, Oct 20 — China will launch test flights for the next two space rockets in its Smart Dragon series meant for commercial use in 2020 and 2021, the official Xinhua news agency reported today, ...
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MPOA sees business as usual amid India palm oil curbs threat
KUALA LUMPUR, Oct 20 — Given the strong bilateral trade relationship between Malaysia and India, the Malaysian Palm Oil Association (MPOA) is of the view that business will be as usual for both coun...
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RM180m export value generated at IGEM 2019
KUALA LUMPUR, Oct 20 – The International Sourcing Programme (INSP) generated export value worth RM180 million at the recent International Greentech & Eco Products Exhibition & Conference Malaysia (I...
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AirAsia goes A321neo to boost load factor, expansion
KUALA LUMPUR, Oct 20 — AirAsia will start receiving its Airbus A321neo from the end of 2019, which would enable it to further improve efficiency and boost capacity to routes such as Singapore where ...
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AirAsia sees inflight Wi-Fi as next income source
KUALA LUMPUR, Oct 20 — AirAsia has been exemplary in using digital and disruptive technologies in increasing its ancillary income, including the introduction of inflight Wi-Fi, which is expected to ...
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China’s central banker says yuan level ‘appropriate’, trade tensions risk to global economy
WASHINGTON, Oct 20 — China’s top central banker said yesterday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market f...
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IMF chief says building ‘peer pressure’ to follow trade rules
WASHINGTON, Oct 20 — With trade tensions undermining confidence and global growth, economic leaders are increasingly pushing each other to fix the shortcomings that fueled the disputes, IMF chief Kr...
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MOA hopes durian entreprneurs will escalate agrotourism
GEORGE TOWN, Oct 19 — The Agriculture and Agro-based Ministry (MOA) hopes that durian entrepreneurs and planters can escalate durian-based agro-tourism activities before the 2020 Visit Malaysia ...
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China, US make ‘substantial’ trade deal progress
BEIJING, Oct 19 — Beijing and Washington have made “substantial progress” towards a partial trade deal, China’s top trade negotiator said today, in his first comments since talks with US presi...
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CPO futures likely to trade between RM2,080 to RM2,100
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend lower at between RM2,080 and RM2,100 per tonne next...
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Educated investors can be ‘eyes and ears’ of SC
KUALA LUMPUR: Well-informed investors can help the Securities Commission to root out potential fraud or misconduct, Securities Commission chairman Datuk Syed...
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Facebook says it will deliver News Corp stories
SAN FRANCISCO, Oct 19 — Facebook today confirmed that some stories from News Corp, publisher of The Wall Street Journal, will be among the headlines delivered in a news tab the leading social networ...
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Malaysia down in competitiveness
MALAYSIA dropped two rungs in global competitiveness ranking to 27 out of 141 countries in the recently published Global competitiveness report (GCR) 2019 by...
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Business Of Sports: Athletics Qatar-strophe puts World Cup on red alert
As own goals go, they don’t come much worse.
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At IMF, US urges action to spur global economy; avoids talk of trade war
WASHINGTON, Oct 19 — Washington called yesterday for action from other major world powers to spur economic growth, avoiding mention of the US-China trade war and blaming the current global slowdown ...
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Tech haves and have-nots face third-quarter tests
NEW YORK, Oct 19 — Technology companies, which make up the largest swath of the US stock market, are expected to post a nearly 8 per cent drop in third-quarter profits as reports roll in next week f...
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G20 kicks off debate to regulate ‘stablecoins’ in hit to Facebook’s Libra
WASHINGTON, Oct 19 — Group of 20 finance leaders yesterday agreed to set strict regulations on cryptocurrencies such as Facebook’s Libra, warning that issuance of such “stablecoins” should not...
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Bursa Malaysia to track higher global equity momentum next week
KUALA LUMPUR, Oct 19 — Bursa Malaysia is expected to trend higher next week, tracking the global equity momentum, amid a stronger Wall Street performance and possible Brexit deal.
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Johnson & Johnson recalls 33,000 bottles of baby powder as FDA finds asbestos in sample
NEW YORK, Oct 19 — Johnson & Johnson (J&J) said yesterday it is recalling around 33,000 bottles of baby powder in the United States after US health regulators found trace amounts of asbestos in samp...
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EU, China, others, team up to coordinate ‘green’ investment financing
WASHINGTON, Oct 19 — The European Union, China, India and several other countries teamed up yesterday to coordinate rules and standards for trillions of dollars of private and public “green” inv...
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Brexit deal ‘good news’ but global growth key for BoE rates too, says BoE governor
WASHINGTON, Oct 19 — Bank of England (BoE) Governor Mark Carney said Britain’s planned Brexit deal would help the country’s economy, but “almost existential” worries about global trade wars ...
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Treasury Pulse
THE US dollar depreciated by 0.71% to 97.607 following a confluence of factors.
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Ringgit to continue trading on cautious note
KUALA LUMPUR, Oct 19 — The ringgit is expected to trade on a cautious note next week on continuous global trade uncertainties involving major world economies.
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Market consolidates after brief rebound
REVIEW: The domestic market’s rebound on Budget day was extended over the past week, with successive gains leading to a formation of a short-term positive trend.
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Why some people are unhappy with the govt lowering the threshold on high-rise...
KUALA LUMPUR (Oct 19): Over the past week, the government’s proposal to lower the threshold on high-rise property prices in urban areas for foreign ownership to RM600,000 in 2020 from RM1 million at...
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Pound steadies as Johnson prepares Brexit bill battle
NEW YORK, Oct 19 — Sterling advanced yesterday on the eve of a crucial vote on UK Prime Minister Boris Johnson’s Brexit deal, while global stocks mostly fell following gloomy Chinese data.
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IMF members put off voting change; agree to boost lending capacity
WASHINGTON, Oct 19 — Global finance ministers agreed yesterday to double a key pool of money that the International Monetary Fund (IMF) can use to aid distressed countries but again put off giving m...
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Budget 2020 – A visionary change towards SPV2030
A WEEK before the tabling of Budget 2020, this column highlighted that the budget will likely be a non-event as far as the market is concerned for the simple reason that the...
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MAA expects higher vehicle sales this month
KUALA LUMPUR: The Malaysian Automotive Association (MAA) expects vehicle sales for the current month to be better than September’s sales volume of 44,666 units due...
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KNM gets RM51.5mil Petrofac contract
PETALING JAYA: KNM Group Bhd has received a RM51.48mil contract to supply Petrofac Ltd with pressure vessels and columns for the Ain Tsila Development...
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MMAG to buy Penang land for RM41mil
KUALA LUMPUR: MMAG Holdings Bhd has agreed to purchase two parcels of contiguous industrial land in Sungai Bakap, Penang from Dynaciate Group Bhd for...
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Econpile bags RM44mil deal
KUALA LUMPUR: Piling and foundation specialist, Econpile Holdings Bhd, has bagged a RM44mil contract to undertake demolition, earthworks, piling and...
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Little glitter in large-scale solar projects
It’s not all that financially lucrative and a luxury that Malaysia can do without.
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SP Setia embarks on maiden project in Osaka
PROPERTY developer SP Setia Bhd, which is embarking on its maiden project in Izumisano City in Osaka, Japan, expects the venture to grow the company’s business and...
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Digi posts RM356mil profit
KUALA LUMPUR: Digi.com Bhd posted a net profit of RM356.05mil in the third quarter ended Sept 30, 2019 (Q3), which was 9.3% less than in the previous...
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Global warming is really a big deal
Climate change is fast becoming the key issue confronting the world.
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Short Position
Business news in brief.
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Shaping the future of transport sector
A key focus of the NTP is improving railway network.
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Eye On Stock: Supercomnet Technologies Bhd
SUPERCOMNET Technologies Bhd (code: 0001) came close to challenging the immediate resistance on Friday as it extended its advance in intra-day trading.
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US opens door to talks to resolve Airbus tariff dispute with EU
WASHINGTON, Oct 19 ­— Hours after the United States imposed tariffs on a record US$7.5-billion (RM31.3 billion) worth of European Union goods yesterday in a dispute over Airbus, there were signs th...
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Boeing, Johnson & Johnson, dismal China data drag Wall Street lower
NEW YORK, Oct 19 — Wall Street fell yesterday as negative headlines about Johnson & Johnson and Boeing, along with bleak economic data from China, soured investor risk appetite and offset generally ...
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Malaysian palm oil price up for 4th session as soyoil gains, ringgit weakens
SINGAPORE: Malaysian palm oil futures closed higher on Friday, recovering from earlier losses, as gains in rival oils and a slightly weaker ringgit offset ongoing concerns over buying from India.The b...
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Oil price falls as China economic concerns outweigh rising refinery runs
NEW YORK: Oil prices edged lower on Friday, as concerns about China's economy outweighed bullish signals from its refining sector, but losses were limited on hopes for...
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What happened after the demerger
Recently, StarBizWeek met up with Sime Darby Bhd CEO Datuk Jeffri Salim Davidson (pic) at Sime Darby’s new headquarters in Ara Damansara. Nearly two years after...
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Sime’s asset disposal poser
ONE fact that keeps research analysts piqued about Sime Darby Bhd is the list of assets the group could hive off.
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Sime carving its path post-demerger
Sime Darby carves its niche following the conglomerate’s break-up two years ago, according to CEO Datuk Jeffri Salim Davidson.
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Boeing pilots' messages on 737 MAX safety raise new questions
WASHINGTON: A Boeing Co senior pilot said he might have unintentionally misled regulators, in a series of internal messages from 2016 that became public Friday...
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Comic book issue: Dr Mahathir not involved in its publication, says PMO
KUALA LUMPUR (Oct 18): Prime Minister Tun Dr Mahathir Mohamad was never involved in the publication of the comic book entitled ‘Belt and Road Initiative for Win Winism’ or knew anything about its ...
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Stern action to be taken against security personnel involved in border smuggling
PONTIAN (Oct 18): Stern action will be taken against security personnel found to be involved in rampant smuggling activities in Padang Besar, Perlis, said Home Minister Tan Sri Muhyiddin Yassin today.
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Bukit Gantang MP still an Independent, denies joining PKR
IPOH (Oct 18): Member of Parliament for Bukit Gantang, Datuk Syed Abu Hussin Hafiz Syed Abdul Fasal tonight denied reports that he had joined Parti Keadilan Rakyat (PKR), maintaining that he continued...
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Tun M advises youths to glean knowledge on finance and business
KUALA LUMPUR (Oct 18): Prime Minister Tun Dr Mahathir Mohamad has called on the younger generation to acquire knowledge on finance and business as much as possible in facing the economy in the next fi...
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Malaysia welcomes more FDI from China
KUALA LUMPUR (Oct 18): Malaysia is in a strategic position to welcome more foreign direct investments (FDI) in 2019 and beyond, especially from China, with the support of the thriving Hakka community ...
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MPOCC welcomes soft loan scheme for oil palm smallholders
KUALA LUMPUR (Oct 18): The Malaysian Palm Oil Certification Council (MPOCC) welcomes the proposed RM550 million soft loan scheme without collateral for smallholders for oil palm replanting purposes wi...
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Digi.Com, icapital.biz, KNM Group, PetChem, Econpile Holdings, MAHB, MMAG...
KUALA LUMPUR (Oct 18): Based on corporate announcements and news flow today, stocks in focus for Monday (Oct 21) might be as follows: Digi.Com Bhd, icapital.biz Bhd, KNM Group Bhd,  Petronas Chemical...
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Legal foreign labour fully SOCSO-insured from Jan 1
KUALA LUMPUR (Oct 18): A total of 2.2 million documented migrant workers in Malaysia will be fully covered under the SOCSO Act for employment-related injuries from January 1, 2020.
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Corrupt force members involved in smuggling activities identified, probe on —...
KUALA LUMPUR (Oct 18): The police have identified several members of the force who are believed to be corrupt, resulting in widespread smuggling activities along the country’s border.
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G20 expected to back OECD’s digital tax proposal
WASHINGTON, Oct 18 — G20 finance ministers today are expected to give the green light to an OECD proposal that aims to find an agreement on taxing global tech giants by June.
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US tariffs on EU would have negative political, economic impact, says French economy minister
WASHINGTON, Oct 18 — If President Donald Trump follows through on a plan to impose tariffs on European goods in the dispute over Airbus, it will have “concrete” repercussions, France’s Economy...
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Paris, Rome, Berlin preparing to block Facebook’s Libra in Europe, says French minister
WASHINGTON, Oct 18 — France, Italy and Germany are together preparing measures to block Facebook’s new Libra cryptocurrency from use in Europe, French Economy Minister Bruno Le Maire announced tod...
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Sanofi pulls Zantac from US and Canada after carcinogen found
NEW YORK, Oct 18 — Sanofi SA said today it would recall popular heartburn medicine Zantac in the United States and Canada, after the medicines were linked with a probable cancer-causing impurity.
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India’s Reliance profits jump 18.3pc
MUMBAI, Oct 18 ­— Indian conglomerate Reliance Industries today reported an 18.3 per cent rise in consolidated net profit due to a better-than-expected refining margin and growth in its consumer-fa...
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CMSB's Syed Ahmad Alwee to retire
KUALA LUMPUR (Oct 18): Cahya Mata Sarawak Bhd’s (CMSB) group executive director Datuk Syed Ahmad Alwee Alsree will be retiring after serving the group for more than 15 years.
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Proposal to exempt housing developers from providing parking bays
KUALA LUMPUR (Oct 18): Transport Minister Anthony Loke has proposed transit-oriented development projects be exempted from providing parking space as a measure to reduce the price of houses.
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MMAG buys Penang land from Dynaciate for RM41m to expand logistics business
KUALA LUMPUR (Oct 18): MMAG Holdings Bhd is buying a piece of land together with buildings in Penang from Dynaciate Group Bhd, formerly known as Tatt Giap Group Bhd, for RM41 million to expand its log...
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Trading tyres: How the West fuels a waste crisis in Asia
NABIPUR, India/KULAI, Malaysia/SINGAPORE (Oct 18): When night falls in the Indian village of Nabipur, the backyard furnaces come to life, burning waste tyres from the West, making the air thick with a...
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Asian cities urged to guard cultural heritage as they modernise
PENANG, Malaysia (Oct 18)(Thomson Reuters Foundation): Many of Asia's booming cities are failing to preserve their cultural heritage and risk losing the traditional knowledge that is crucial for promo...
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Lagarde thanks EU leaders after ECB confirmation
FRANKFURT, Oct 18 — Incoming European Central Bank (ECB) chief Christine Lagarde tweeted her “sincere thanks” to EU leaders today, after the European Council made official her appointment as nex...
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Coca-Cola reports higher profits, lifting shares
NEW YORK, Oct 18 — Coca-Cola reported higher third-quarter profits today, citing solid sales of soda and innovative products like smaller drink cans that offset the hit from a strong dollar.
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Housing minister and developers find inspiration in the Far East
IT was an eye-opening experience for delegates of the EdgeProp Malaysia Study Tour on Excellent Building Sustainability, Management and Wellness 2019 to Japan recently.
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Lessons from Japan's public housing
After World War II, there was a shortage of homes in Japan, as many had been destroyed by aerial bombings.
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EVENING 5: Five things you need to know today
Dirty dealings. Corporate battles.
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Perdana Petroleum sees 2.56% of its shares traded off market .
KUALA LUMPUR (Oct 18): Perdana Petroleum Bhd saw 2.56% of its shares traded off-market this afternoon.
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British companies buckle up as Brexit deadline nears
LONDON, Oct 18 — British Prime Minister Boris Johnson is trumpeting a newly minted Brexit deal with EU leaders but now needs backing from the UK’s divided parliament in a vote set for tomorrow.
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‘Stablecoins’ could hinder efforts to stamp out money laundering, says global watchdog
LONDON, Oct 18 — The spread of cryptocurrencies such as Facebook’s Libra could have serious repercussions for worldwide efforts to detect and stamp out money laundering and terror financing, a glo...
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Thailand says ‘good feeling’ over China-backed RCEP
BANGKOK, Oct 18 — Thailand has a “good feeling” that a China-backed free trade pact for countries with nearly half the world’s population will be agreed this year after years of delay, a Thai ...
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US stock index futures flat as China data gloom overshadows upbeat earnings
NEW YORK, Oct 18 — US stock index futures were little changed today, as better-than-expected earnings reports were overshadowed by fresh jitters about the global economy after economic data from Chi...
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German business lobby see withdrawal deal as cushioning Brexit impact
BERLIN, Oct 18 — German business groups have expressed relief at this week’s Brexit deal, believing that if it is approved by British lawmakers it would minimise the economic damage to both sides,...
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BFood sees 3.92% of its shares traded off-market
KUALA LUMPUR (Oct 18): Berjaya Food Bhd (BFood) saw 3.92% of its shares traded off-market today.
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Econpile inks RM43.98m piling and substructure works contract for Tropicana...
KUALA LUMPUR (Oct 18): Econpile Holdings Bhd has inked an RM43.98 million contract to undertake  demolition, earthworks, piling and substructure works for the Tropicana Gardens mixed development in K...
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Steve Madden opens its first store in Malaysia in collaboration with Valiram
KUALA LUMPUR (Oct 18): Luxury and lifestyle retail group Valiram has teamed up with US-based fashion accessory group Steve Madden to open the first Steve Madden store in Malaysia.
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FBM KLCI finishes down on China GDP as planters fall
KUALA LUMPUR (Oct 18): The FBM KLCI ended 3.35 points or 0.21% lower today at 1,571.15 after China said its economy, as measured by Gross Domestic Product (GDP), grew 6% in the third quarter of 2019 (...
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Ringgit ends lower against US dollar on global uncertainties
KUALA LUMPUR, Oct 18 — The ringgit ended on a lower note today due to global uncertainties as well as declining oil prices.
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Global shares slip on weak China growth, dollar suffers weekly mauling
LONDON, Oct 18 — World stocks slipped after China posted its weakest growth rate in nearly three decades today, while the dollar was set for its worst week in almost four months having been pummelle...
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Opening new doors for journalism graduates
KUALA LUMPUR (Oct 18): Every cloud has a silver lining, so goes a popular saying.
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Positive feedback on proposed Penang LRT, says CM
GEORGE TOWN (Oct 18): Of 16,140 feedback received on the proposed light rail transit (LRT) project for Penang, only 2.35% objected.
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Malaysia seafood restaurant brand to open in Mauritius
NEW DELHI (Oct 18): Malaysia seafood restaurant operator The Manhattan Fish Market plans to open in Mauritius under a franchise partnership.
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Northport, POIC form sister port ties
PORT KLANG (Oct 18): Northport (Malaysia) Bhd (Northport) and POIC Sabah Sdn Bhd (POIC) have signed a strategic collaboration agreement to establish a sister port relationship to boost trade links and...
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Hearing to transfer Abdul Azeez's case to High Court on Nov 28
KUALA LUMPUR (Oct 18): The High Court today set Nov 28 to hear the prosecution's application for transfer the case of Baling MP Datuk Seri Abdul Azeez Abdul Rahim, who is facing three corruption charg...
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Bursa Malaysia ends lower
KUALA LUMPUR, Oct 18 — Bursa Malaysia ended the week lower, weighed down by selling in heavyweight stocks led by the plantation and telecommunications sectors.
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Bursa, most Asian markets end lower on weak China data
KUALA LUMPUR: Bursa Malaysia joined key Asian markets to end Friday in the red after China's GDP for the third quarter grew at a slower-than-expected pace.
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FBM KLCI closes down 3.35 points at 1,571.15
FBM KLCI closes down 3.35 points at 1,571.15
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Marrybrown to enter Europe with outlet in Sweden
NEW DELHI (Oct 18) Malaysian restaurant chain, Marrybrown Sdn Bhd is set to enter the European market with the opening of an outlet in Stockholm, Sweden in December.
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Zakir Naik sues Penang Deputy CM P. Ramasamy
KUALA LUMPUR (Oct 18): Islamic preacher Dr Zakir Naik is suing Penang Deputy Chief Minister II Dr P. Ramasamy for defamation.
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Guan Eng: Higher global growth forecast in tandem with Malaysia’s GDP projection
KUALA LUMPUR (Oct 18): The forecast improvement in global economic growth to 3.4% next year from three per cent this year is in tandem with the country’s higher projected gross domestic product (GDP...
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PetChem associate executes final phase of RM1b project financing
KUALA LUMPUR (Oct 18): Petronas Chemicals Group Bhd (PetChem) said today that its 50%-owned associate Pengerang Petrochemical Co Sdn Bhd (PPC) had yesterday (Oct 17) executed the second and final phas...
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1MDB compound notice: Eight individuals, entities agree to pay fines
PUTRAJAYA (Oct 18): About 10% of the 80 individuals and entities slapped with compound notices from the Malaysian Anti-Corruption Commission (MACC) on Oct 7 for receiving funds from 1Malaysia Developm...
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Brexit deal helps keep euro close to 7-week high
LONDON, Oct 18 — The euro was hovering today around the seven-week high it reached against the US dollar yesterday as hopes that a Brexit deal between Britain and the European Union could prevent an...
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Renault shares plunge as profit warning deepens its problems
PARIS, Oct 18 — A hefty profit warning sent Renault shares tumbling as much as 15 per cent today, capping a miserable year for the French carmaker following the arrest of long-time boss Carlos Ghosn...
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Hong Kong, Shanghai stocks end with losses
HONG KONG, Oct 18 — Shares in Hong Kong and Shanghai sank today after data showed China’s economy growing at its slowest pace for almost 30 years.
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Dollar not the haven it used to be for EM currency traders
SINGAPORE: The phenomenon of the dollar’s strength against emerging-market currencies during U.S. stock market sell-offs -- the so-called Dollar Smile -- has...
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Saudi Aramco to delay launch of IPO
LONDON: Saudi Aramco’s stop-start initial public offering was delayed again just days before a planned launch as doubts re-emerged about the $2 trillion valuation placed...
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Reduce stake in fund, icapital.biz tells UK-based CLIM
KUALA LUMPUR: The board of directors of closed-end icapital.biz Bhd has told City of London Investment Management Company Ltd (CLIM) to reduce the latter's...
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Special Report: CLSA Survey: A more confident Mr + Mrs Malaysia in 2019 vs 2017...
SINCE CLSA’s last update in 2017, Malaysians have  seen what was once perceived to be a pipe dream turn into reality when the Barisan Nasional regime lost its grip as the ruling government a little...
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1MDB-Tanore Trial: Former PAC chairman Hasan discussed report with Shahrol
FORMER Public Accounts Committee (PAC) chairman Datuk Seri Hasan Arifin could find himself under the spotlight when Parliament reconvenes this week, following revelations that he had discussed the con...
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1MDB-Tanore Trial: 1MDB’s predicament could have been worse — it had aimed to...
IT is scant consolation but 1Malaysia Development Bhd’s predicament could have been worse.
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1MDB-Tanore Trial: Spending RM70,000 to capitalise 1MDB netted Low a quick...
SO eager was businessman Low Taek Jho to ensure Terengganu Investment Authority Bhd (TIA) — the predecessor of 1Malaysia Development Bhd — was adequately capitalised to secure a federal government...
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MACC has thousands of video clips of smuggling along borders
PUTRAJAYA (Oct 18): The Malaysian Anti-Corruption Commission (MACC) today revealed that it has thousands of video clips on smuggling activities along national borders since 2017, as a result of corrup...
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1MDB forfeiture suit: High Court records consent judgment between prosecution...
KUALA LUMPUR (Oct 18) The Liberal Democratic Party (LDP) of Sabah today managed to get RM500,000 that was frozen in its account following forfeiture proceedings today, after the prosecution from the A...
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No third party makes claim on more than RM2m seized from Pahang UMNO
KUALA LUMPUR (Oct 18): No interested third party appeared before the High Court here today to claim the RM2,479,300.18 linked to the 1Malaysia Development Berhad (1MDB) that was seized by the Malaysia...
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Policy needed for mental health issues
KUALA LUMPUR (Oct 18): "I told her once I wasn't good at anything.
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Feb 5 hearing of application to forfeit money seized from Johor Bahru BN
KUALA LUMPUR (Oct 18): The High Court here today set Feb 5 next year to hear the prosecution's application to forfeit RM677,872.55 that was seized from the Johor Bahru Barisan Nasional (BN) division t...
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Bursa Malaysia extends lossses at mid-afternoon
KUALA LUMPUR, Oct 18 — Bursa Malaysia extended its losses at mid-afternoon weighed by selling activities in heavyweight stocks led by IHH Healthcare and IOI Corporation.
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Tokyo's Nikkei hits 10-month high on US rallies
TOKYO, Oct 18 — Tokyo's benchmark Nikkei index rose to its highest level in more than 10 months following rallies on Wall Street, though trade was cautious ahead of a British vote on a new Brexit de...
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Oil, diamonds and nuclear power: Russia eyes Africa business
MOSCOW, Oct 18 — While Russia has traditionally focused on arms and grain exports to Africa, it is now looking to broaden its activities and influence.
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The Edge Court Judgments Report
CORPORATE GOVERNANCE Unfair expulsion from management in a ‘quasi-partnership company’ (‘QPC’) Our laws draw a distinction between an ordinary commercial company and a QPC, that is, a private ...
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UEM Edgenta saves RM23.6 mil in govt hospitals through energy efficiency efforts
KUALA LUMPUR (Oct 18): Asset management and infrastructure solutions company, UEM Edgenta Bhd helped saved RM23.6 million in total for 32 government hospitals in the northern region of Peninsular Mala...
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Kelantan govt's RM2m allocation for sports boosts state's preparation for Sukma
KOTA BHARU (Oct 18): The RM2 million allocation for sports announced by the Kelantan government will boost efforts by sports associations in the state in preparing their athletes for the Malaysia Game...
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Deep Thai political feud risks more delay in US$105bil budget
BANGKOK: Thailand’s divided parliament began debating the annual budget Thursday amid concern the ruling coalition may struggle to pass the bill because of its slim...
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More incentives needed to build a sustainable nation — AIMS
KUALA LUMPUR (Oct 18): The government needs to look into providing incentives and exemptions for local players in the online and digital sectors to create a more competitive and conducive business env...
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Wah Seong, Seremban Engineering, Mega Sun City, MMS Ventures, Widad,...
KUALA LUMPUR (Oct 18): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's afternoon close today.
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MARC downgrades MEX II Sdn Bhd's RM1.3b sukuk
KUALA LUMPUR (Oct 18): Malaysian Rating Corp Bhd (MARC) has downgraded MEX II Sdn Bhd’s RM1.3 billion sukuk and RM150 million junior bonds from AA-IS and A- to AIS and BBB respectively, due to risin...
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Digi 3Q net profit at RM356m versus RM393m a year earlier
Digi 3Q net profit at RM356m versus RM393m a year earlier
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Musa Aman acquitted of five out of 35 corruption charges
KUALA LUMPUR (Oct 18): Former Sabah chief minister Tan Sri Musa Aman has been acquitted of five charges, amounting to about US$13.04 million, out of his 35 corruption charges at the High Court here to...
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KL shares lower at mid-day
KUALA LUMPUR, Oct 18 — Shares on Bursa Malaysia ended lower at mid-day in a cautious trading mode, while tracking the performance of regional peers, a dealer said.
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Domino’s Pizza to exit foreign markets
LONDON: Domino’s Pizza Group Plc, Britain’s biggest pizza delivery company, says it will quit its loss-making international operations, sending shares higher in early...
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KLCI down 0.22% as regional markets rattled by weak China growth data
KUALA LUMPUR (Oct 18): The FBM KLCI was down 0.22% at midday break, as regional markets stumbled on the back of China’s weaker economic growth.
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High Court allows hearing of application by Rosmah to inspect assets in RM680m...
KUALA LUMPUR (Oct 18): The High Court will hear an application by Datin Seri Rosmah Mansor and her two children to physically inspect assets seized by the government in its RM680 million 1MDB forfeitu...
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Nazir Ariff appointed chairman of SME Bank
KUALA LUMPUR (Oct 18): Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank) has appointed Datuk Seri Nazir Ariff as its non executive chairman effective Oct 18, 2019.
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EU leaders discuss €1t post-Brexit budget
BRUSSELS, Oct 18 — European Union leaders will discuss a new budget plan today that could allow the bloc to spend up to €1.1 trillion (RM5.1 trillion) in the 2021-2027 period, but deep divisions a...
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Mexico's president vows wage growth, labour reform funding in push for trade deal
MEXICO CITY, Oct 18 — Mexico's President Andres Manuel Lopez Obrador vowed yesterday wage increases and funding for the implementation of labour reforms, part of a campaign to convince US Democratic...
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Tech stocks shine amid broader market pullback
KUALA LUMPUR: The local tech sector shone brightly on a day where investor sentiment was dampened by news that the Chinese economy had grown less than expected...
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AirAsia X 3Q passenger load factor up slightly
KUALA LUMPUR: Medium-haul, low-cost carrier AirAsia X Bhd's passenger load factor (PLF) remained stable at 81% in the third quarter ended Sept 30,2019, up by one...
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Ideas: Some answers on free trade
Recently, I was asked a question about free trade — why free trade remains a one-way street in the sense that it opens the door for multinationals to enter our countries but does not allow the small...
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MAHB will upgrade klia2’s immigration area to enhance customer satisfaction
KUALA LUMPUR (Oct 18): Malaysia Airports Holdings Bhd (MAHB) said it is looking at ways to ensure better services will be provided at its airports.
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MIDF maintains neutral on transportation, positive for aviation
KUALA LUMPUR (Oct 18): MIDF Amanah Investment Bank Bhd Research has maintained its ratings respectively at “Neutral” on transportation and “Positive” for the aviation sector.
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Bursa Malaysia trades sideways at mid-morning
KUALA LUMPUR, Oct 18 ― Bursa Malaysia traded sideways at mid-morning today ahead of the weekend amid caution over the progress of the US-China trade talks and slowdown in trading momentum on small c...
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Alitalia rescue hopes rise as Lufthansa looks set to step in
BERLIN, Oct 18 — Alitalia's rescue hopes received a boost yesterday with signs that Lufthansa could take a stake in the Italian carrier, while Rome agreed to a €350 million (RM1.62 billion) bridgi...
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Ex-Credit Suisse banker says secret affair helped fuel US$45m fraud
MANHATTAN: A former Credit Suisse Group AG banker told a federal jury in New York that his decision to take millions of dollars in bribes was fueled in part by his secret love affair with a subordinat...
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Taiwan’s market fortunes tied to TSMC like never before
TAIPEI: Taiwan’s largest stock is so dominant it’s even underpinning a surge in the local currency.
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China economic growth unexpectedly slows to 6% in 3Q
BEIJING: China’s economic growth slowed more than expected in the third quarter, with lacklustre domestic demand and the ongoing downturn in global trade...
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Selldown of My EG Services overdone, UOB Kay Hian Research says
KUALA LUMPUR: The selldown of My EG Services share price on Thursday, where it plunged 11% to close at RM1.25, is unwarranted as there is strong earnings...
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