KUALA LUMPUR, May 30 ― Fugitive financier Low Taek Jho has today provided a copy of his mother’s occupancy certificate on a three-storey house in Tanjung Bungah Park in Penang, insisting again tha...
KUALA LUMPUR: Malaysia's FBM KLCI closed at Friday's low as blue chips came under continued selling pressure from foreign funds while the ringgit weakened against the US dollar due to the intensifying US-China trade war.
SHAH ALAM, May 10 — Water supply disruption following three main pipe bursts near Banting-Taiping West-Coast Expressway (WCE) here is expected to be resolved by Sunday.
DUBAI, May 9 — Emirates Airline reported a 69 per cent drop in net profits today on high fuel prices and a strong dollar in what it described as a “tough” year.
DUBAI: Emirates Group, which operates the world’s biggest long-haul airline, posted a 44 percent decline in full-year profit, hurt by higher oil prices and currency fluctuations.
TOKYO: Japanese conglomerate SoftBank Group Corp announced a stock split while keeping the per-share dividend unchanged for the year, effectively doubling its shareholder payout, as it also reported a better-than-expected annual profit.
KUALA LUMPUR, May 9 ― Bursa Malaysia opened lower amid cautious sentiment, due to the escalating US-China trade war.
GEORGE TOWN: Monetary aid has poured in for the wife of the late Abd Aziz Azizan, the former captain of the Penang football team.
JOHOR BAHRU (May 8): As of Dec 31, 2018, the amount of property tax arrears for the areas under the Johor Bahru City Council (MBJB) was RM109.37 million, involving some 69,000 holders.
KUALA LUMPUR, May 8 ― Bursa Malaysia and its regional peers finished the morning session lower, tracking losses on Wall Street, with cautious investors eyeing the next US-China trade talks tomorrow.
KUALA LUMPUR: Sime Darby Property (Add, TP: RM1.34) remains CIMB Equities Research’s top pick in the property sector as it has shown continuous improvement in its property development division and new property sales since its demerger in November 2017.
PETALING JAYA: The benchmark interest rate cut by Bank Negara will be a boon for the consumer, property and automotive sectors.
JOHOR BAHRU (May 7): As of Dec 31, 2018, the amount of property tax arrears for the areas under the Johor Bahru City Council (MBJB) was RM109.37 million, involving some 69,000 holders.
KUALA LUMPUR, May 7 — Bursa Malaysia ended higher amid concerns over the US-China trade tensions, with Digi and Axiata in the limelight over their merger plan.
KUALA LUMPUR: Positive corporate newsflow from Axiata/Telenor’s proposed non-cash merger of their Asia operations under a new entity helped power Bursa Malaysia to a higher close.
KUALA LUMPUR: Glove maker CE Technology Bhd plans to raise RM12.48mil from its proposed listing on the Leading Entrepreneur Accelerator Platform (LEAP) Market of Bursa Securities.
SAN FRANCISCO, May 7 — Mordhau finds fans with its hectic, historical combat, Valve leaps up its own store chart with a high-fidelity virtual reality range, and players command a ridiculous horde of...
According to Tobias Moers, the head of the Mercedes-AMG, all future AMG models, starting from 2021 will be sold exclusively with electrified All-Wheel Drive (AWD) powertrains.
SHAH ALAM: The father of murdered Mongolian woman Altantuya Shaariibuu called for a minute’s silence at the High Court here today, to mark what would have been her 40th birthday.
SHAH ALAM, May 6 — Dr Shaariibuu Setev, the father of slain Mongolian Altantuya Shaariibuu, told the High Court here that he has seen the picture of a murdered Mongolian woman together with two me...
SHAH ALAM (Bernama): Dr Shaariibuu Setev, the father of slain Mongolian Altantuya Shaariibuu, told the High Court here that he has seen the picture of a murdered Mongolian woman together with two men which was produced to in court.
SHAH ALAM, May 6 — “If Altantuya Shaariibuu was still alive, she would have celebrated her 40th birthday today,” Dr Shaariibuu Setev, the father of slain Mongolian Altantuya Shaariibuu, said tod...
SHAH ALAM: Dr Shaariibuu Setev, the father of slain Mongolian Altantuya Shaariibuu, told the High Court here that he has seen the picture of a murdered Mongolian woman together with two men which was ...
WHILE technology enables businesses to be more connected, consumers are increasingly more worried about their personal details, a survey by KPMG reveals.
GEORGE TOWN: Efforts to restore Komtar to its former glory will continue even if the Penang state government moves its administration elsewhere.
PETALING JAYA: Former attorney-general Mohamed Apandi Ali has filed a judicial review against the government for its refusal to allow him to apply for a passport and preventing him from leaving the co...
KUALA LUMPUR (May 2): CIMB IB Research has downgraded Lotte Titan Chemical Holding Bhd (LCT) to “Hold” at RM3.67 with a lower target price of RM3.69 and said LCT’s 1Q19 core net profit was only ...
PETALING JAYA: After a weak first quarter, Lotte Chemical Titan Holding Bhd (LCT) is expected to see an equally tough second quarter (2Q19).
TAIPEI, April 30 — The chairman of Apple supplier Foxconn will travel to the United States today for a meeting in the White House that is believed to be related to an investment in Wisconsin, accord...
KUALA LUMPUR, April 30 — The ringgit opened slightly higher today with investors positive on its outlook, said a dealer.
KUALA LUMPUR: The ringgit opened slightly higher today with investors positive on its outlook, said a dealer.
KUALA LUMPUR (March 30): The ringgit opened slightly higher today with investors positive on its outlook, said a dealer.
KUALA LUMPUR: Lotte Chemical Titan’s (LCT) core net profit for the first quarter ended March 31, 2019 (Q1 FY19) was only 6% of CIMB Equities Research’s old full-year estimate (4% of consensus) due to compressed spreads, and higher depreciation and taxes.
KUALA LUMPUR (April 29): Kumpulan Perangsang Selangor Bhd (KPS) gained as much as 12% as the market reacted to its announcement of a special dividend, following the completion of its disposal of its 3...
SINGAPORE: Singaporeans’ deep-seated desire for home ownership has seen them snap up the biggest share of residential properties versus foreigners in a decade.
KUALA LUMPUR: For the world’s largest matrilineal society – the Minangkabau – cultural preservation is the most precious gift that can be passed from one generation to the next.
KUALA LUMPUR (April 26): Fewer than half of Malaysians approve of Prime Minister Tun Dr Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his ...
Pakatan Harapan may be pushing for several policies that are seen as progressive but they may not necessarily resonate with voters.
PETALING JAYA: Prime Minister Dr Mahathir Mohamad’s approval rating has taken a plunge from a high of 71% recorded during the first three months of Pakatan Harapan in power to 46%, according to Merd...
MELAKA (Bernama): Four female Indonesian workers were injured when the factory bus they were travelling in skidded and landed in a ditch in Jalan Bachang near Taman Widuri here on Thursday night (April 25).
SEOUL, April 26 — South Korea’s SK Hynix, the world’s second-largest memory chip maker, saw operating profits plunge more than two-thirds in the first quarter in the face of lower prices, it sai...
PUTRAJAYA: The VAT 69 commando search operation in the jungles of Genting Perah, Perlis, in March 2015, led to the discovery of a transit camp with 14 tents that were used by illegal immigrants, the Royal Commission of Inquiry (RCI) into the camps and mass graves at Wang Kelian heard.
Sometime back, someone asked me if buying a car is a bad investment.
Twitter users in the United States are younger, better educated and more left-leaning than the general population, a survey showed April 24.
The search operation by VAT 69 commandos in the forests of Genting Perah, Perlis, in March 2015 had led to the discovery of a transit camp with 14 tents having been used by illegal immigrants.The 17th...
KUALA LUMPUR: Despite studies showing that most eateries adhered to the smoking ban, the Health Ministry has extended the six-month educational enforcement period that was enforced from Jan 1, 2019.
PETALING JAYA: The health ministry has decided to extend by another six months the grace period for the smoking ban before punitive action is taken.
The search operation by the VAT 69 commando team in the forest area in Genting Perah, Perlis, in March 2015, led to the discovery of a transit camp with 14 tents being used by undocumented migrants.
KUALA LUMPUR: Moody’s Investors Service has launched its global emerging markets (EM) liquidity stress index (LSI).
SEOUL: SK Hynix Inc., a supplier to Apple Inc., posted a steep decline in operating profit but forecast a recovery in demand this quarter for memory chips used in smartphones and data centres.
PUTRAJAYA: The Royal Commission of Inquiry (RCI) into the discovery of the temporary transit camps and mass graves at Wang Kelian, Perlis, which entered its fifth day today was told that the investiga...
Indian officials traveled nearly 45 miles through lion-infested jungle this week to ensure a 69-year-old holy man got his change to take part in the world's biggest democratic exercise.
KUALA LUMPUR: Kenanga research has maintained its market perform rating on Nestle (Malaysia) Bhd but lowered its target price to RM137 from RM138.50 following the incorporation of its FY18 audited numbers.
KUALA LUMPUR (April 23): Shares in Velesto Energy Bhd rose 3.28% in active trade this morning after it bagged four contracts from Petronas Carigali Sdn Bhd with an estimated combined value of US$104.6...
KUALA LUMPUR (April 23): Hong Leong IB Research has maintained its “Hold” rating on Velesto Energy Bhd at 31 sen with a higher target price (TP) of 31 sen (from 25 sen) after Velesto secured four ...
BANGI (April 22): Malaysia finalised 74 percent of its land border distance with Thailand, Indonesia and Brunei last year, said Water, Land and Natural Resources Minister Dr Xavier Jayakumar.
BANGI, April 22 — Malaysia finalised 74 per cent of its land border distance with Thailand, Indonesia and Brunei last year, said Water, Land and Natural Resources Minister Dr Xavier Jayakumar.
PUTRAJAYA: The seventh witness in the Royal Commission of Inquiry (RCI) on the discovery of mass graves and transit camps in Wang Kelian, Perlis, today testified that he found six human skeletons and ...
PUTRAJAYA, April 22 — The seventh witness in the Royal Commission of Inquiry (RCI) on the discovery of mass graves and transit camps in Wang Kelian, Perlis, today testified that he found six human s...
PUTRAJAYA (Bernama): The seventh witness in the Royal Commission of Inquiry (RCI) on the discovery of mass graves and transit camps in Wang Kelian, Perlis, Monday (April 22) testified that he found six human skeletons and 20 grave-like structures during a follow-up search at Bukit Wang Burma on Aug 15, 2015.
KUALA LUMPUR, April 22 — Bursa Malaysia remained higher at mid-afternoon today on continued buying support, mostly in lower liners and the broader market shares, dealers said.
KUALA LUMPUR (April 22): theedgemarkets.com highlighted ten stocks with momentum at Bursa Malaysia's noon market close today. One stock displayed positive momentum while nine stocks showed negat...
KUALA LUMPUR, April 22 — Bursa Malaysia ended the morning session higher on stronger buying, lifted by gains in financial stocks as well as lower liners and broader market shares, dealers said.
KUALA LUMPUR: Construction stocks were in the spotlight in the morning section as counters seen to benefit from the resumption of the Bandar Malaysia project rocketed on the news of its revival.
This article first appeared in The Edge Malaysia Weekly as 'Issues at Fortis explained' (pages 68 and 69), on April 8, 2019 - April 14, 2019.
KUALA LUMPUR (April 18): Hong Leong Investment Bank had today upgraded Hartalega Holdings Bhd to buy from hold on the glove manufacturer's share price weakness and amid a weaker ringgit versus the US ...
PETALING JAYA: Many Malaysians believe that robots and automation could take over their jobs in the future.
The Road Transport Department (JPJ) has collected RM4.23 billion in revenue for last year, the bulk of which was from road tax renewals, said transport minister Anthony Loke.
Peru's former president Alan Garcia died in a hospital in Lima on Wednesday after shooting himself as police arrived at his house to arrest him in connection with a bribery probe, authorities said on ...
KUALA LUMPUR (April 17): RHB Retail Research said Jaya Tiasa Holdings Bhd may climb higher after it breached above the 60 sen threshold.
KUALA LUMPUR (April 16): MCE Holdings Bhd is teaming up with two Taiwanese firms to manufacture and market camera and audio-visual related products for the automotive industry.
KUALA LUMPUR (April 16): Gadang Holdings Bhd has bagged a contract worth RM38.52 million to build a tiered bridge connecting the northern and southern sites of Tun Razak Exchange Development (TRX) fro...
KUALA LUMPUR: Trading volume and value of stocks traded on Bursa Malaysia fell to the lowest since March 28 on Tuesday due to a general lacklustre interest.
PUTRAJAYA: The Road Transport Department (JPJ) has collected RM4.23bil in revenue for last year, with the bulk of it coming from road tax renewals, said Anthony Loke.The Transport Minister said road tax renewals accounted for 69% of the amount, an increase of 3.32% as compared to the revenue collected in 2017.
TAIPEI: The chairman of Taiwan's Foxconn, an assembler of Apple Inc's iPhones, said on Monday he plans to step down in the coming months to pave the way for younger talent to move up the company's ranks.
Even as Malaysia seeks to become an Asian Tiger again under Prime Minister Tun Dr Mahathir Mohamad, I can’t help but agree with the good doctor that there is a need for us to develop a different val...
KUALA LUMPUR: Blue chips closed marginally higher on Monday thanks to some nibbling on Petronas Chemicals, Maxis and Sime Darby but the broader market was weaker in the absence of strong fund and retail buying interest.
PUTRAJAYA: The Road Transport Department (JPJ) collected RM4.23bil in revenue for 2018, says Transport Minister Anthony Loke.
The new third-generation Perodua Myvi has been officially launched in Singapore.
A CLERICAL error led to him being known as Jambu instead of Jamil, Sinar Harian reported.
The continuous evolution of digital transformation is outstripping the pace of cybersecurity in organisations.
KUALA LUMPUR, April 13 ― The Election Commission (EC) has almost achieved its target of 70 per cent voter turnout in the Rantau by-election today.
RANTAU: As the battle for the Rantau seat moves into its last leg, electoral watchdog Bersih 2.0 has taken to task political parties for flouting election laws by campaigning on polling day.
NOWADAYS, the word hero is synonymous with characters from the Marvel or DC cinematic universe.
IPOH (April 11): Perak is not among six States that have agreed to raise their water tariffs, says Menteri Besar Datuk Seri Ahmad Faizal Azumu.
Perak is not among six states that have agreed to raise their water tariffs, says Menteri Besar Ahmad Faizal Azumu.
South Korea's Constitutional Court on Thursday overturned a ban on abortion that has stood for more than 65 years, saying in a landmark ruling that current law unconstitutionally curbs women's rights.
KUANTAN: A female accountant lodged a police report after she ‘missed out’ on receiving US$9 million (approximately RM36 million) in cash, which was supposed to be sent to her in a chest by a ship...
MY 86-year-old mother gets my father’s monthly pension of RM380.69. She is therefore entitled to the RM500 one-off payout which the government is giving to retired civil servants receiving a monthly...
SEREMBAN: “I will vote as long as I live,” said one of the oldest living voters in the Rantau state constituency.
KUALA LUMPUR: Most of Felda’s 317 land schemes are now facing the problem of a significant change in demography with 69% of the settlers aged 61 to 79 years.The white paper on Felda tabled in Parliament by Economic Affairs Minister Datuk Seri Azmin Ali highlights this challenge, with most elderly settlers still dependent on Felda for a living.
KUALA LUMPUR: Petronas-linked stocks weighed on blue chips on Wednesday on profit taking but stocks linked to Tan Sri Lim Kang Hoo such as Ekovest and IWCity climbed in active trade.
KUALA LUMPUR:Affin Hwang Capital research is positive on Axis REITS plans to develop Axis mega Distribution Centre Phase 2 into a grade-A distribution centre with green mark qualification and flexible modular space configuration.
Both Prime Minister Benjamin Netanyahu and his main challenger Benny Gantz claimed victory in Israel's election yesterday, with several exit polls giving the veteran right-wing leader an advantage in ...
KUALA LUMPUR: The High Court here has lifted the ban order imposed on a book titled Breaking The Silence: Voices Of Moderation – Islam In A Constitutional Democracy.
KUALA LUMPUR: Construction stocks closed higher on Tuesday on railway and infrastructure projects hopes but the overall mood of the market was cautious in the absence of strong leads from institutional players.
KUALA LUMPUR (Bernama): The High Court here has lifted the ban order imposed on the book “Breaking The Silence: Voices Of Moderation - Islam In A Constitutional Democracy”.
KUALA LUMPUR: The High Court here today lifted the ban order imposed on a book, titled ‘Breaking The Silence: Voices Of Moderation - Islam In A Constitutional Democracy’. Judge Datuk Nordin Hassa...
KUALA LUMPUR: Human Resources Minister M Kulasegaran says almost all employers have complied with the nationwide directive on the minimum wage of RM1,100. He said in the first two months of the year, ...
KUALA LUMPUR (April 9): The digital service tax on foreign service providers may benefit media companies with TV and over-the-top (OTT) segments such as Astro, Media Prima and Star Media, says AmBank ...