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Malaysia

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  • No power shift in Labuan Warisan, says party's Sec-Gen

    June 21, 2018 2:00 PM 3

    KOTA KINABALU: Parti Warisan Sabah (Warisan) has denied claims of a power shift in the party's chapter in Labuan. Warisan secretary-general Loretto Padua Jr (pix) said the party's chapter in Labuan was still in the process of being established, and the leadership at the Labuan-level was still protem. "The question of gaining 50% support from the Labuan

  • Teacher jailed, fined for molesting 5-year-old girl

    June 21, 2018 1:38 PM 3

    KUALA LUMPUR: The magistrate's court today sentenced a Quran teacher to three months jail and fined him RM6,000 in default six months jail after finding him guilty of molesting his five-year-old pupil last year. Magistrate Zuhair Rosli handed down the sentence after the defence failed to raise a reasonable doubt in the prosecution's case against Mohd Redzuan

  • The worrying Bursa Malaysia trend

    June 21, 2018 1:35 PM 5

    They say the stock market is the ‘barometer’ of the public’s confidence level on a country’s economic and political stability. It also shows the public’s confidence on a country’s leadership and the direction the country is going. If this is true, then what is happening in the Bursa Malaysia does not bode well for the confidence level on Malaysia. Politicians

  • Zahid willing to declare assets before Umno elections

    June 21, 2018 1:24 PM 3

    KUALA NERUS: Umno acting president Datuk Seri Dr Ahmad Zahid Hamidi said today he was willing to declare his assets before the Umno elections scheduled for June 30. Ahmad Zahid, the Bagan Datuk MP, faces a challenge from six other candidates in the contest for the post of Umno president, including Gua Musang MP Tengku Razaleigh Hamzah and Rembau MP Khairy

  • Idris Haron abandons Umno meeting over quit proposal

    June 21, 2018 1:07 PM 3

    MALACCA: Former Malacca chief minister and Umno Tangga Batu Division chief Datuk Seri Idris Haron (pix) left the divisional committee meeting he was chairing last night after a committee member proposed that he resign as the division chief and Malacca Umno chairman for the party's poor showing in the Tangga Batu parliamentary constituency in the last general

  • Kuala Kangsar needs new hospital

    June 21, 2018 1:03 PM 3

    KUALA KANGSAR: A new hospital with 150 beds should be built in Kuala Kangsar to provide better health and medication services to the people. Perak Communication, Multimedia, NGO and Cooperative Development Committee chairman Hasnul Zulkarnain Abd Munaim said the new hospital would also enable the local people to seek specialist treatment. He said the existing

  • Sapura Energy wins contracts worth RM1.8 billion

    June 21, 2018 1:01 PM 5

    PETALING JAYA: Sapura Energy Bhd has secured nine new contracts valued at RM1.8 billion, bringing the accumulative value in contract wins to date to RM4.5 billion for the group. The combined value represents a three fold jump compared with the value achieved in the same corresponding period of the previous year, between February to June 2017. Through

  • Kenanga appointed underwriter of Nova Wellness IPO

    June 21, 2018 1:00 PM 4

    KUALA LUMPUR: Nova Wellness Group Bhd, which is involved in the nutraceutical industry in Malaysia, has signed an official underwriting agreement recently with Kenanga Investment Bank Bhd for its initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd (Bursa Securities). Kenanga Investment will act as the company’s principal

  • Share Market closes below 1,700 points, 31st day of consecutive foreign selling and FOREX reserves down RM8.5 billion

    June 21, 2018 12:14 PM 4

    Today was the 31st day of consecutive foreign selling of our share market. RM264.9 million left Malaysia today (Thursday) in addition to the RM238.8 million, RM555 million and RM383.96 million from Monday to Wednesday. This means foreign investors have pulled RM9 billion out of our stock-market since beginning of May on top of the estimated RM20 billion

  • Penang to pilot rent-to-own scheme in bid to increase home-ownership

    June 21, 2018 11:26 AM 4

    GEORGE TOWN: Penang will be piloting a rent-to-own (RTO) scheme for those eligible to purchase low-cost (LC) and low-medium-cost (LMC) units to increase home-ownership in the state. Chief Minister Chow Kon Yeow said the initiative could also help to ease their financial burden as they would not have to service home loans. He said the scheme would also help address